BUSINESS LAW FINAL EXAM This is a take-home exam. The exam is to be handed out on July 26‚ 2012 and returned on July 31‚ 2012 on the final exam time. The group leader will assign each group member a question and each group member will answer the question and return the answer to the group leader. The group leader will grade each member in terms of cooperation and totality of the answer. The group leader will submit a final draft on exam date (July 31‚ 2012). The final draft must be done in
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There are many laws in the world today that some may find are neither rational nor fair for all the parties involved in the situation. I have chosen two laws that I do not think are logical‚ these two are apparent authority and executory process. The first law I will be discussing is an agency this is the right one person has to execute business on behalf of another person or corporation. There are three important parties involved in an agency relationship; the agent (this is who can enter a contract
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TOPIC: WHAT IS TORT‚ AND TORTIOUS LIABILITY ? From a legal standpoint‚ a tort is a private or civil wrong or injury (other than a breach of contract) for which a court of law may provide a remedy through a lawsuit for damages (compensation). For example‚ when a person violates his/her duty to others created under general (or statutory) law‚ a tort has been committed. Tort law relies heavily on the common law‚ the legal opinions of the Courts‚ general trends in the community‚ and legal scholarship
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Business law *CONTRACT 1) consent- both parties agreed to the conditions of the contract The OFFER should be certain. *Vices of consent (contract is voidable) 1) error or mistake- honest mistake in the amount/ contract. Ex: error in number of units 2) violence or force- forced someone to sign a contract. You never really want to sign it. 3) intimidation or threat or duress- same with number 2. 4) undue influence- ex: superior talking to an employee “if you did not sign the contract meaning
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describes in writing the weaknesses‚ potentials‚ suggestions and strengths (2005). Simple ranking is a number rankings system of all employees that are listed as “best” to “worst.” Alternation ranking system is when all employees are listed on a piece of paper. The rater than picks which employees rank as best employee and which employees rank as worst. Paired comparison is based on the systematic method (2005). Employees are compared with every other employee usually based on terms of an overall category
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medium size‚ kitchen cabinet-making Kraftmaid Cabinetry Company‚ and a freight and logistics trucking company RM Logistics‚ LLC. The first company‚ National Transport‚ LLC ships vehicles statewide‚ nationwide‚ and worldwide. They cooperate with local auctions‚ personal buyer and sellers‚ and insurance companies; I think that is the main reason of their success. The owner manages all operations; employees do the loading job. Operations and input involved in the process are receiving the order
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contract who is of age of majority according to law to which he is subject‚ and who is of sound mind‚ and is not disqualified from contracting by any law to which he is subject.” It means that the following three categories of persons are not competent to contract. 1. A person who has not attained the age of majority‚ i.e.‚ one who is minor. 2. A person who is of unsound mind 3. A person who has been disqualified from contracting by some law. Although the above mentioned categories of
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KENYATTA UNIVERSITY CITY CAMPUS NAME :OOKO BEVERLY ACHIENG ADM NO:D33S/CTY/11363/2012 COURSE:BUSINESS LAW COURSE CODE: LECTURER: TASK: STRUCTURE AND ORGANISATION OF THE COURT In pre colonial era‚ different communities had different ways of restoring justice. The African Traditional Communities used the fora of justice at family‚ shrines‚ churches and mosques. Other dispute resolutions mechanisms included: a.Reconsiliation: is the process of making it possible for two different ideas‚ facts
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Functional Areas of Business Paper This paper will be focusing the topics of Management‚ Law and Leadership. These three topics are very important to any business and are very much needed. Management profession is to recognize the strengths and weakness of employees‚ the growth of the company as the future approaches and strive to increase customer satisfaction. Having knowledge in business law is very important if starting
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Phoenix Ms. Kessel Acct 561 Small Business Idea Paper Week 2 12/24/2012 Small Business Idea Paper A business can create large sums of income for an entrepreneur or entrepreneurs. Most future business owners have an idea of what type of service or product to offer. Deciding the type of business organization to become can be a tough decision. Whether the it be a sole proprietorship‚ partnership‚ C- Corporation‚ S- Corporation‚ or a Limited Liability Corporation‚ there will be many factors
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