my 17-year-old son into signing a contract unbeknownst to me. Now that a better business opportunity has presented itself to my company‚ Marshall is using this contact to hinder me from expansion. Implied Contracts Upon discovery and examination of this contract‚ it is apparent all business with Marshall would need to be terminated. This dissolution would cause significant strife between Marshall and I‚ but with just reason. Marshall had an implied contract with my company stating he would heavily
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EXECUTIVE SUMMARY ULIP v/s MUTUAL FUNDS “What is the difference between a ULIP and a Mutual Fund?” The reason‚ perhaps for the wide extent of confusion‚ lies largely in the way ULIPs have been sold by agents. As just another mutual fund. They are not a mutual fund‚ even though in some ways their structure is quite similar. In the sense‚ they too invest in the equity and debt markets. The risk lies on the investor. They issue units and reveal the net asset value of these units. That is where
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The psychological contract is a little difficult to define because as George (2009‚ pg3) states it ‘is implicit in that it is unspoken‚ unwritten and often only becomes apparent when it is breached‚ causing feelings of violation’ none the less it is extremely important part of the business and can be what ‘binds the employee and the employer together’ (Robinson and Rousseau‚ citied in George 2009 pg4) ‘through the mutual expectations of input and outcome’ outlined by Businessballs (2010) CIPD (2004
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Essential Elements of Contract Contract represents the instrument to enforce promises. Not all statements amount to enforceable promises or contracts. To enforce statements there are a number of elements which courts look for and these mainly include the presence of offer‚ its communication‚ its unconditional acceptance and communication of the acceptance. Once this has taken place then the element of consideration gives the badge of enforceability to the contract and the contract is then enforceable
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Essentialia The contract of employment is an agreement between two parties in terms of which one party (Mr. Phage) places his labour potential at the disposal and under the control of the other party (Lifeline services)‚ in exchange for some form of remuneration. From this definition‚ it is clear that the essentialia of a contract of employment are 1. Work and 2. Remuneration. This contract does not meet the requirement for work because even though an ambiguous job title of ‘General Worker’
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Unit 21 – Aspects of Contract and Business Law Assignment Unit 21 Candidate Full Name: Date issued: Candidate Number: Date due for return: Teacher: Mr M Tissot Date submitted: Email: Learning Outcomes When you have finished this unit you should: 1 Be able to apply the requirements for a valid contract 2 Understand the impact of statutory consumer protection on the parties to a contract 3 Understand the meaning and effect of terms in a standard form contract 4 Be able to apply the
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accepts the offer and they sign a contract to that effect. After the contract is signed‚ Teri learns of a Boston rule that all firefighters must live within the Boston city limits. Teri decides not to move and contacts Jack to let him know she won’t be moving after all. Jack sues Teri in municipal court‚ asking for specific performance in accordance with the original deal. Teri argues that‚ although specific performance is usually appropriate in land sales contract cases‚ the judge has the discretion
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Mistakes are made to be forgiven Humans hate making mistakes but love obtaining a feat. I certainly was one of them. I have been told that the secret to success is to learn from a mistake because it is an agent that can empower me to work harder. However‚ it is important that people should not make mistakes with impunity. Painfully‚ I learned this secret three years ago when I made a despicable mistake that I could hardly forgive myself. Ironically‚ this miserable experience was also the turning
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‘Mistakes we made’ is one of the best books ever written on psychology. The book was written by two famous psychologist by the names Carol and Elliot. Imagine if one of the prominent leader like a politician or a religious leader announces to the whole world that the world is ending on a certain day. All the people who receive the message especially the true followers of the reader take the message with a lot of seriousness where they consumes all their possession and they sell all their properties
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CONTRACT OF EMPLOYMENT This Agreement is entered into this 09th of February 2011 by between. New Life Pharmaceuticals Inc. PHILIPPINES‚ a corporation duly organized and existing under the laws of the Republic of the Philippines with office address at the 2667‚ Honduras Street Batangas Cor. Brgy. San Isidro Makati‚ Philippines‚ as represented by its General Manager Sreedhar Nagarajan hereinafter referred to as the “EMPLOYER”; -and- Sandeep Toshkani Indian of legal age‚ currently residing at
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