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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1. Under the theories of obligation and performance‚ and given that Allison wants to keep the car‚ what can she do? The applicable law is governed by the UCC under express warranty. “An express warranty is a statement of fact or promise of performance relating to the goods that becomes a basis of the buy’s bargain” (Twomey and Jennings‚ 2014‚ p. 518). Since Alice wants to keep the car‚ Bill has an obligation of good faith under the UCC concerning the performance of the contract. Under
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1) Advise Amanda and Tracy as to their rights and obligation. In order to advise Amanda and Tracy‚ determining whether there is a contract between them is needed. To form a contract‚ offer‚ acceptance‚ consideration and intention are required. An offer is a definite promise or proposal made by the offeror to the offeree with the intention to be bound by such promise or proposal without further negotiation. An invitation to treat is not an offer‚ but a statement or expression made by a person to
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The parol evidence rule states that‚ if once the terms of an agreement between two parties is written down‚ the parties may not present any evidence in court that contradicts what is written in the agreement. The parol evidence can be thought of as the “four corners” rule. If an agreement exists‚ the court must look for evidence of the agreement terms by reading what is inside the “four corners” of the paper the agreement is printed on. Evidence that does not appear within the “four corners” of the
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For Metalcrafters Inc.‚ the first thing I would do is to decide whether or not each alternative is mutually exclusive or independent. In this case‚ the stamping press alternatives are mutually exclusive‚ the extrusion press alternatives are mutually exclusive‚ and the new parts orders are mutually exclusive. Beginning with the stamping press‚ the next thing I would do is figure out what the expected useful life is for each alternative. Because the SX-65 has a useful life of 5 years and the MD-40
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