THE MAİN DİFFERENCES BETWEEN CIF AND FOB CONTRACTS UNDER ENGLİSH LAW CIF contract is that when the seller has delivered the goods or provides them afloat. He has to perform the contract by tendering conforming documents to the buyer. The significant feature of a CIF contract is that performance of bargain is to be fulfilled by delivery of documents and not by actual physical delivery of goods by the seller. 1 2 FOB contract can be described as a flexible instrument. Because‚ the buyer has
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CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
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GENERAL PRINCIPLES OF THE LAW OF CONTRACT INTRODUCTION Definition S.2(h) Contract Act 1950 : An agreement enforceable by law. Legally binding between parties. 2 INTRODUCTION (continue..) (a) (b) Legislation governing contracts: Contracts Act 1950 English Law - By virtue of S.5 of the Civil Law Act (When there are no provisions in the Contract Act) 3 INTRODUCTION (continue..) 4 OFFER / PROPOSAL Definition S. 2(a) Contracts Act “When one person signifies
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DISCHARGE OF A CONTRACT Normally the completion of a contract is straightforward as parties carry out their tasks as required. There are four main different ways of ending a contract: a) Discharge by performance b) Discharge by agreement c) Discharge by breach d) Discharge by frustration DISCHARGE BY PERFORMANCE For this the courts expect performance to be exact and complete. This means that it must match contractual obligations RE MOORE AND LANDAUER (1921) If requiring a contract to be complete
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Nowadays‚ security breaches are prevalent in our environment‚ both physical and logical. Different types of unauthorized access are conducted by different groups of individuals for different purposes. One good example of breach is the TJX data theft that happened sometime in mid-2005 and on subsequent dates from mid-May 2006 to mid-January 2007. The TJX data theft is considered as the largest case of intrusion of data to occur to date. According to the article‚ the data stolen by hackers were
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Introduction For a contract to appear in the situation of the question‚ one of agent employed to do any act for another while one of principal which is represented in business transactions….. Issues Ian had been assigned to be in charge of an art gallery that owned by Sarah while she is away on a business trip. Ian understood that he cannot buy any item for the gallery without approval and cannot offer a discount on any displayed items without Sarah’s permission. While Sarah is away‚ Ian sold an
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Tay Kim Chuan Patrick v PublicAccountants Board Facts The appellant ("Tay")‚ who was a publicaccountant‚ appeared before an Inquiry Committee ("IC") appointed by the respondent ("PAB")‚ where he faced 19 charges concerning breaches of professional and technical standards. The appellant was then suspended for 18 months on the ground of professional misconduct. On appeal‚ he denied the allegation of professional misconduct and asserted that the penalty was too harsh. Held‚ dismissing the appeal:
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this case‚ it would be a smart thought to begin by defining the term law and contract law. A law can be stated as “ A rule of civil conduct prescribed by the supreme power in a state‚ commanding what is right‚ and prohibiting what is wrong” (blackstone). Contract law can be defined as the written agreement which binds two people with certain rules and regulations as decided by both the parties and mentioned in the contract. The facts of the case Amal is a close friend of bushra who wanted to gift
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Case Name: Security at TJX Problem Statement How should the new CIO of TJX work to strengthen security around the IT infrastructure to prevent‚ detect‚ and analyze security breaches that had previously allowed hackers to steal sensitive data? Background 1 Describe the company/department 1 History 1 Founded in 1976 2 Operate 8 business under TJX 1 TJ Maxx 2 Marshalls 3 HomeGoods 4 A.J Wright 5 Bob’s Stores 6 Winners 7 Home Sense 8 TK Maxx
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Introduction 2 2.0 Main Body 3 2.1 Offer & Acceptance 3 2.2 Consideration 4 2.3 Discharge of contract 5 2.3.1 Discharge by Breach 5 2.3.2 Discharge by Performance 5 2.4 Remedies 6 2.4.1 Unliquidated Remedies 6 2.4.2 Injunction Remedies 6 2.5 Intention to Create Legal Relations 7 2.6 Free Consent 8 3.0 Conclusion……………………………………………………………………...9 4.0 References…………………………………………………………………….10 1.0 Introduction Contract is a customary
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