Agency refers to a consensual bilateral agreement whereby one party‚ the principal authorizes another‚ the agent‚ to exercise decisions on his behalf‚ usually with a third party involved. In this particular case Duncan is deemed to be the principal‚ Fred the agent and the plumber the third party. There are many rules when it comes to the creation of an agency contract‚ mainly the principal must be in existence during time of agreement and he must also know and authorize the agreement. If an agent
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Did Jim and Laura Buy a Car? Tracie Lewis Professor Ericka Harden Business Law I February 11‚ 2018 A contract is an agreement that is either spoken or written and is enforceable by the law. For the contract to be valid and binding‚ several elements must exist. Execution‚ mutual promises‚ parties‚ and terms of performance are the factors that must exist. There also must be an offer‚ consideration‚ acceptance‚ and mutuality for a contract to remain legally binding and helpful on instances
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The email received from the USACE included comments regarding the alternatives analysis‚ a request for details of the Port’s SWPPP‚ and information regarding the fill that might be used on this project. Our responses to these comments are included below. 1. The USACE stated that the revised alternatives analysis that was submitted as part of Lanier’s response to the Public Notice comments did not appear to sufficiently address the EPA’s comments. Specifically‚ the USACE provided the following list
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Considering Elvis Abstract A contract is formed when the offerer promises to do or not to do something. Acceptance is the offeree agreeing to do what is requested in the offer. An offer may end in several ways‚ in particular‚ by the death of the offerer or offeree. In order for the agreement to be effective both parties to contract must give consideration‚ the offer must be serious‚ and clearly stated. The promise Elvis Presley made prior to Jo Laverne Alden prior to his death may be enforceable
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Pepsi Co vs. Leonard A valid contract is one that contains all of the essential elements that bind it as a legal agreement. In other words a contract must first consist of an agreement between two or more parties. Secondly‚ it must be supported by legally sufficient consideration. Thirdly the agreement must be between parties with contractual capacity. And finally a valid contract must accomplish a lawful object. With the containment of these four elements valid contracts become enforceable by
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A few days back It was our end of summer meeting; I was sitting in a chair at the annual all staff meeting at the Old Colony YMCA. Our executive director talked about the tremendous progress we had made with our new construction‚ the amount of new members we had received‚ and the impact we’ve all made on the lives of others. Although this was a celebratory gathering‚ it was also a way for everyone to come together to express their thoughts and ideas on new ways to improve and continue growing in
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Meeting Scene “Life isn’t Perfect” By Sydney Whalen The store was empty. I was surprised to even think that. Bertram and Burkes was never an empty shop. Customers would constantly weave in and out of here like mice searching for scraps‚ coming and going with stacks of books in their arms. The reason could be that its Sunday at four in the afternoon‚ however‚ Sunday or not‚ there were always customers. I shrugged it off and continued to be perched on my stool‚ skimming my eyes over
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A letter for canceling a contract is a formal declaration of your intent to end all business relations with another party that you have previously entered into an agreement or contract with. Below is the proper format and tone that should be used when writing a letter to cancel a contract or agreement. Business Network Members 1. M-Star Hotel 2. EverGreen Lawn Service 3. Maxtek 4. Fluor Enterprises Canceling a Contract Letter Advice When writting a Letter of Cancelation of Contract
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ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT (the “Agreement”)‚ dated as of March 2‚ 2012‚ is made by and between Sam Mama Café LLC‚ a New York limited liability company (“Buyer) and Big Zany Corp.‚ a New York corporation (“Seller”). WHEREAS‚ Seller owns a bar/restaurant business located at 62 Court Street‚ Brooklyn‚ NY 11201 (the “Business”); WHEREAS‚ Seller intends to sell the assets of the Business to Buyer; and WHEREAS‚ Buyer intends to purchase the assets from Seller
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Backgrounds& some basic facts Contracts are a voluntary arrangement involving two or more parties which is enforced by law as a binding agreement‚ which is one of the cornerstones of our economic environment from early stage to the modern society. Several essential conditions constitute the process of forming a standard contract. In our present case‚ three parties were involved in relation of transaction. The seller is The Logomug‚ which manufacturing and selling mugs. One buyer is Sophie and another
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