In Stevenson‚ Jacque & Co. v. McLean ‚ held that the initial communication was only asking for information‚ and it was not a counter-offer. There was no effort here to institute new clauses into the contract. As per above case‚ Palm Tree did not attempt to introduce new terms into the contract and it was a mere request for information not a counter-offer. Belton responded as an acknowledge receipt and packed twenty Fryers into its delivery truck for Palm Tree. Belton’s action was supported that
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In this recent Ninth Circuit case the issues centered on compatibility between video games. Accolade copied a Sega video game to obtain compatibility with the Sega Genesis game system. Accolade decompiled the machine readable object code from a Sega game in order to achieve compatibility with the Sega system for games that it wished to independently create and market. Accolade then created a manual containing only the functional specifications of this decompiled code and not any of Sega’s actual
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Submitted by: Glydel Mae Sarzaba CHERY INTERNATIONAL: Linking up with Land Rover and Jaguar Summary: Chery Automobile Co. Ltd. Was founded in 1997 with an initial capital of $600 million. The first vehicle was produced in December. They have four sub-brands: namely; Cherry‚ Karry‚ Riich and Rely. In 2009‚ the company achieved a 40% year-on-year increase in sales. For seven years Chery has been the top Chinese vehicle exporter. The Jaguar Land Rover had an agreement of joint venturing with Cherry
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Zhengzhou Yifan Machinery Co.‚ Ltd. developed and produced by JC series jaw crusher(http://www.portable-crusher.net/Jaw_Crusher_1.html)adopts the most advanced international crushing technology and manufacturing level‚ has become the undisputed world attracted clients jaw crusher. Powerful features jaw crusher depends on its performance characteristics‚ it is best to take a world-class high-end production of materials; symmetrical V-shaped cavity design‚ can make larger feed particle size‚
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Problem: Mr. Nakamura must decide on what action plans to pursue for the rest of the year (i.e.‚ the "Value Creation 21" and the 5 emergency measures) Learning from Morishita ’s experiences‚ Mr. Nakamura should consider the following Critical Factors: 1. Full cooperation of senior management in the implementation of the plan. Mr. Nakamura ’s plan will fail if he never got the full cooperation of the whole management team of MEI. To get the cooperation‚ he must be able to get management to fully
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Chapter-1 Introduction Definition of banks In India‚ the definition of the business of banking has been given in the Banking Regulation Act‚ (BR Act)‚ 1949. According to Section 5(c) of the BR Act‚ ’a banking company is a company which transacts the business of banking in India.’ Further‚ Section 5(b) of the BR Act defines banking as‚ ’accepting‚ for the purpose of lending or investment‚ of deposits of money from the public‚ repayable on demand or otherwise‚ and withdrawal‚ by cheque‚ draft
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CREDIT MANAGEMENT & COLLECTION OF RECEIVABLES DR. RICHARD MAYUNGBE LAGOS‚ NIGERIA 26TH – 27TH OF JULY‚ 2010 INTRODUCTION Nearly every writer on the subject has worked out his own definition of credit. The following writers are examples: John Stuart in his Political Economy defines credit as the permission to use another’s capital. Joseph French Johnson in Money and Currency calls credit the power to obtain goods and services by giving a promise
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Replace Replace is to put someone or something new in the place or position or put the substitute things instead of the previous one. QUESTION 2(ii) Infinity & Co had sought our advice as to how it should respond to the major leak on the rooftop and the whole roof needs replacing. Case Law The case is refer to Riverside Property Investments Ltd. v Blackhawk Automotive [2004].The landlord‚ Riverside‚ claimed £87‚500 for replacement of the roof of a light industrial unit‚ plus £36‚200 for fees and costs
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Carbolic Smoke Ball Co. (1893) case‚ Carbolic stated specific terms such as promising an exact payment if people still could contract influenza whilst using the smoke ball on a newspaper advertisement. This advertisement was deemed to be an offer and not just a mere puff
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Introduction – What is Letter of Credit 4 4.2 Parties to Letter of Credit 5 4.3 Should Letter of Credit be chosen as the Payment Method? 6 4.4 Types of Letter of Credit 6 4.4.1 Irrevocable 7 4.4.2 Unconfirmed 7 4.4.3 Confirmed 7 4.4.4 Standby Letter of Credit 7 4.4.5 Revolving Letter of Credit 8 4.4.6 Transferable Letter of Credit 9 4.4.7 Back to Back Letter of Credit 9 4.5 Documents Required By Letter of Credit 9 4.6 Governing Rules under Letter of Credit 10 4.6.1 Uniform Commercial Code
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