Automatic Renewal Clauses: The Case between Letisha and Sudson Washer and Dryer Abstract This paper examines a contract between Letisha and Sudson Washer and Dryer that contains an automatic renewal clause. The potential defenses for Letisha if Sudson sues her for breach of contract are presented. The defenses for Sudson that support the automatic renewal clause are also discussed. The ethical issues of using an automatic renewal clause and the actions of the Sudson Washer and Dryer
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Write a case note on Liverpool City Council v Irwin [1977] AC 239. The appeal at the House of Lords came up on‚ February 16th‚ 17th‚ 18th and on the 31st of March 1977. Liverpool City council had brought an action against the defendants‚ Leslie and Maureen Irwin who were tenants in a 15-story block‚ owned by the plaintiff. It was located on Hai Heights‚ in the district of Everton‚ Liverpool. The defendants occupied a maisonette on the 9th and 10th floors of the building. The contract of tenancy had
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BF 1203 TRANSACTION IN ISLAMIC BANKING & FINANCE FACULTY OF BUSINESS AND MANAGEMENT OF SCIENCES TOPIC: IJARAH Done by: Muhammad Hibatul Hakimi b Haji Suhaili (10B0911) Contents Introduction 1 Basis of Ijarah 2 Essential elements of ijarah contract 2 Modus Operandi 3 3 Selected Banks 4 Conclusion 6 Bibliography 6 Introduction An Islamic alternative to conventional leasing is ijarah. Ijarah is a derivative of the Arabic words ‘ajr’ and ujrah which means consideration
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TENANCY AGREEMENT BETWEEN COUGAR LOGISTICS (M) SDN BHD AND SUMISO (M) SDN BHD DATED 1st SEPTEMBER 2001 TENANCY AGREEMENT THIS AGREEMENT is made on the 1st date of September 2001 BETWEEN COUGAR LOGISTICS (M) SDN BHD (Company No. 211819K)‚ Lot 16‚ Lebuh Sultan Muhammad 1‚ Kawasan Perusahaan Bandar Sultan Suleiman‚ 42000 Port Klang‚ Selangor Darul Ehsan (the “Landlord”) of the one part and SUMISO (M) SDN BHD (Company No. 175561-H)‚ B610‚ 6th floor‚ East Wing‚ Wisma Tractors‚ No
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The Bear Minimum Big Bear Power is a public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2004 and Big Bear’s right to use the turbine begins on January 1‚ 2005. Various provisions and other facts from the lease are listed below. Provision 1 Big Bear
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********************************************* TENANCY AGREEMENT ********************************************* DATED THIS 19 DAY OF January 2010 BETWEEN (The Landlord) Chin Hong Tuck 831023-14-5163 143‚ jalan Maharajalela‚ 50150 Kuala Lumpur AND (The Tenant) Realkey Solutions Sdn. Bhd. 802559-A No. 179-2‚ Jalan Bestari 1/5‚ Taman Nusa Bestari‚ 81300 Skudai‚ Johor. Premise Address : 179-01‚ Jalan Bestari 1/5‚ Tmn Nusa Bestari‚ 81300 Skudai
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3M3‚ Group #5 Bautista‚ Shaira Dalican‚ Annesherica Flores‚ Carl Michael Seno‚ Charina Fernandez vs. Amagna G.R. No. 152614 (September 30‚ 2009) 601 SCRA 330-350 Facts: Salvador A. Fernandez‚ the lessee‚ and Cristina D. Amagna‚ the lessor‚ had a verbal lease agreement on a monthly basis. A lease on a month-to-month basis provides for a definite period and may be terminated at the end of any month by failure of the lessee to pay the rents due for a particular month that is stipulated under Article
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Common Contracts paper Alyssa Baker-Brake LAW/421 Lina Malanzo 07/01/13 Contracts are a written promise to do something‚ or not to do something. The purpose of the contract is to ensure that both parties will perform the duties that they have promised to do‚ or to prevent something that was promised to prevent. Contracts are here to ensure that people follow through with their word when they promise to do something. With a contract‚ you can make a promise a legal obligation. I have personally
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Lease vs. Buy 1. Introduction: In today’s world‚ customers often face a dilemma about whether to buy or lease. Lease is an agreement in which one party gains a long term rental agreement‚ and the other party receives a form of secured long term debt. On the other hand‚ buying involves transfer of ownership from seller to buyer. Buying or leasing decision depends mostly on customer’s preference. There are many factors to consider before taking a buying or leasing decision. 2. Factors Influencing
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Case 08-4 The Bear Minimum Big Bear Power (Big Bear) is a widely held public utility company that has posted strong financial results for several years. Big Bear has positive cash flow‚ and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from
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