Act1950‚ the use of the words “ has done or abstained from doing” imply that even if the act was prior to the promise‚ such an act would constitute consideration so long as it is done at the desire of the promise. Therefore‚ referring to the situation of Ali‚ he is bound to fulfil his promise to Abu as in Malaysia‚ past consideration is good consideration. This principle was established in the case of Kepong Prospecting Ltd v. Schmidt. In 1953 Tan applied to the Government of the State of Johore for
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COMMUNICATING WITH CUSTOMERS: BUSINESS MARKETS A Written Report Presented to Prof. Maria Theresa Ranquilman Pamantasan ng Lungsod ng Maynila Intramuros‚ Manila In Partial Fulfillment of the Requirements for the Degree Master in Business Administration By Analyn P. Deogracias October 2014 Connecting with Customers: Business Markets Organizational Buying It is a decision-making process by which formal organizations establish the need for purchased products and
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Fernanda Saldanha Yosiro Delgado DELL Description of the business • The company was founded in 1984 by Michael Dell. Dell is a leading provider of desktop personal computers‚ software . The company designs‚ develops‚ manufactures‚ markets‚ sells and supports information technology systems such as laptops‚ desktops‚ mobiles‚ workstations‚ storage devices and printers. Dell provides consulting services such as capacity planning‚ data center optimization assessments‚ virtualization
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Vegetable markets in India are a messy place. The ones that retail the produce are less dirty. The wholesalers leave a lot to be desired. It was my first visit to the Alandur wholesale market and it brought back memories of a similar shopping establishment of my childhood called ‘Monda market’ located far away in the twin cities of Hyderabad and Secunderabad in another state. My wife had asked me if I could help with the weekly purchase and I agreed. The entry to the Alandur market is through a
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avoidance. Here‚ Browning gave Johnson a guarantee to pay $40‚000 in return for Johnson’s demonstration of surrendering the agreement of offer. Adequacy of consideration in one-sided contracts is talked about by Professor Williston in his treatise‚ Contracts § 102 (3d ed. 1957). There he demonstrates that the prerequisite of adequate consideration to bolster a guarantee is met by a hindrance brought about by the promisee (Johnson) or an advantage got by the promisor (Browning) at the solicitation of
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Malayan Law Journal Unreported/2010/Volume /Affin Bank Berhad v Precision Tube Product (Malaysia) Sdn Bhd & Ors - [2010] MLJU 119 - 9 February 2010 [2010] MLJU 119 Affin Bank Berhad v Precision Tube Product (Malaysia) Sdn Bhd & Ors HIGH COURT (JOHOR BAHRU) VERNON ONG LAM KIAT‚ JC GUAMAN NO (MT-1) 22-313-2005 9 February 2010 Sivapakiam Krishnan (H. M. J. Shaharom & K. S. Wee) for the plaintiff Ng Chew Hor (Ng. Fan & Associates) for the fourth defendant Vernon Ong Lam Kiat‚ JC GROUNDS OF JUDGMENT
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20 / 20 (100%) # Correct: True/False 7 7 Multiple Choice 3 3 Grade Details - All Questions Question 1. Question : Student Answer: As a general rule‚ if the action upon which you are relying as consideration is something you are already legally bound to do‚ it is not valid consideration. True Points Received: False 2 of 2 Comments: Question 2. Question : Student Answer: Pledges to charities are enforceable as a matter of public policy‚ even though they are really a gift. True Points
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there was no consideration for the promise of the Kendrick Company to purchase‚ and sustained the demurrer. H. The Petroleum Corporation instituted an appeal. 3. I=Issue Would a discontinuance by the Petroleum Corporation to manufacture the grade of oil contracted for result in such a detriment to it as would constitute a consideration for the promise of the Kendrick Company to purchase? 4. R=Rule A benefit to the promisor or a detriment to the promisee is a sufficient consideration for a contract
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should give the money to Louisa W. Hamer. Contention: The Exchequer Chamber’s 1875 definition of consideration is that the contract is consideration. William E.Story‚ 2d did the things which his uncle require him. And Louisa W. Hamer has the legal right. So Franklin Sidway should give the money to Louisa W. Hamer. Rule: The Exchequer Chamber’s 1875 definition of consideration is consideration. If William E.Story‚ 2d gave up the things which his uncle told him‚ he would get the money. And Franklin
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BUSINESS LAW ASSIGNMENT Question 1 Discuss the enforceability of an agreement which lacks consideration. Using legal authorities (relevant statutes and cases) to support your discussion. Answer: A valid contract is an agreement made between two or more parties that creates rights and obligations that are enforced by law. What does the consideration mean? And what does it effect to the agreement? Consideration is something of value exchanged for the promise. It is something given by a promisee in return
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