Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
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1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
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This file comprises HCS 350 Delegation Example in a Health Care Setting Presentation General Questions - General General Questions HCS 350 HCS\350 Week 1 Nursing Expertise Self-Report Scale and Reflection HCS 350 HCS\350 Week 2 Communication Style Case Study HCS 350 HCS\350 Delegation Example in a Health Care Setting Presentation HCS 350 HCS\350 Week 4 Personal and Professional Health Care Communication HCS 350 HCS\350 Week 5 Crisis Management Communication Plan
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Tuberculosis University of Phoenix Introduction to Health and Disease HCS 245 March 09‚ 2013 Tuberculosis Transmission of Tuberculosis in the 1800-1900’s Mycobacterium tuberculosis is the bacterium that causes tuberculosis. Also known as TB‚ tuberculosis bacteria attacks the lungs in most cases but can attack other parts of the body. If not treated properly tuberculosis can be fatal. Tuberculosis is an airborne bacterium spread from person to person. According to the CDC‚ Center
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Essentials of Consideration Presence of consideration is one of the requisites of Valid Contract. Consideration must be of two directional nature. That means both parties should get benefited mutually. Then only the Contract becomes capable of creating legal relations. Consideration may be in the form of cash‚ goods‚ act or Abstinence. Definition of Consideration “When at the desire of the promissor‚ the promisee or any other person has done or abstained from doing or does or abstains from
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Hyde v Wrench(1840) Hyde v Wrench [1840] EWHC Ch J90 is a leading English contract law case on the issue of counter-offers and their relation to initial offers. In it Lord Langdale ruled that any counter-offer cancels the original offer. Wrench offered to sell his farm in Luddenham to Hyde for £1000‚ an offer which Hyde declined. On 6 June 1840 Wrench wrote to Hyde’s agent offering to sell the farm for £1000‚ stating that it was the final offer and that he would not alter from it.[1] Hyde offered
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[pic] “Consideration and its rules” Assignment# 1 [Law-200] Prepared By: Prepared For: Name: M Shahajada Hossain Barrister Ishtiaque Ahmed (ItA) ID#: 071-573-530 Section: 09 B.B.A Date: 26th October‚ 2011. Consideration: Consideration is a very important element in a contract. While making a contract; parties of the contract agree
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The Impaired Employee and Liability Identify and explain at least three ethical considerations. I believe that the first ethical consideration is the fact that the potential employee was upfront in revealing that he had a degenerative progressive condition that could result in a disability. He did not have to bring this to our attention and his physicians are not even able to predict when the disabling condition will appear or if it will appear at all. The candidate was demonstrating his
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Legal and Ethical Considerations: Main Challenges 1. Understanding the moral risks of new technology. Millions of records on private citizens now available over the counter pose a threat to privacy. Principles of right and wrong 2. Establishing corporate ethics policies that include information systems issues. Main Social Legal and Ethical issues: 1. Privacy & personal information 2. Freedom if speech 3. Can we trust computers? 4. Intellectual property
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Rules of consideration 1. Consideration must not be past: Re McArdle (1951) Ch 669 Court of Appeal Majorie McArdle carried out certain improvements and repairs on a bungalow. The bungalow formed part of the estate of her husband’s father who had died leaving the property to his wife for life and then on trust for Majorie’s husband and his four siblings. After the work had been carried out the brothers and sisters signed a document stating in consideration of you carrying out the repairs we agree
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