B Bai 1 : Business Law: 40. Principle of Law: In this case‚ Esposito hired Excel Construction Company to repair a porch roof. All terms of the agreement were specified in a written contract. And the dispute occurred when Excel had repaired the rear porch roof because in the agreement failed to specify whether it was the front or rear porch that needed repair. Under civil law‚ two parties here had signed a civil contract in writing. Because the contract failed to specify clearly front or rear
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08th October 2008 Tort-Obligations II Tutorial 1 1. What is Tort law for? ▪The law of tort- The word derives from the French for ‘Wrong’. ▪ The civil action for damages aims at compensation as opposed to criminal prosecution. Restoring the status quo. ▪Appeasement- the object of early law is to prevent disruption of society by disputes arising from the infliction of injury. The victim’s vengeance is bought off by compensation‚ which gives him satisfaction in 2 ways; he is comforted to receive
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possible to capture what law is? It is possible to capture what law is from a standpoint independent of its content by positing a descriptive account of its characteristic features. In response to the limitations of early empirical positivism propounding the command theory‚ the conventional positivists put forth the separability thesis‚ by which law can be described distinct from any morally laden propositions. However‚ the value of such a purely descriptive account of what law is remains fundamentally
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Chapter III Commercial Law I. General Definitions a. Commercial Law→ It designates the whole body of laws & regulations applicable to relations between persons engaged in commerce‚ business or commercial professions. b. Commerce→ The word “Commerce” means the exchange of goods‚ products or property of any kind. It includes: sale‚ purchase‚ exchange of merchandises. c. Internal and International Commerce→ Internal: it is the commerce carried on between individuals or corporations within the same
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Rule of Law Professor Lisa Riggleman Society‚ Law and Government July 7‚ 2013 Rules of Law “The rule of law is a system in which the following four universal principles are upheld:” 1. The government and its officials and agents as well as individuals and private entities are accountable under the law. 2. The laws are clear‚ publicized‚ and stable and just‚ are applied evenly‚ and protect fundamental rights‚ including the security of person and property. 3. The process by
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OUTLINE OF LECTURE IN LAW ON CONTRACTS (Defective Contracts) 1. Defective contracts a. Rescissible contract – valid until rescinded; b. Voidable contract – valid until annulled; c. Unenforceable contract – cannot be sued upon or enforced unless ratified; d. Void contract – no effect at all‚ cannot be ratified or validated 2. Rescission Rescission is the remedy granted by law to the contracting parties and sometimes even to third persons in order to recover indemnity
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RESOURCES WHEREAS‚ Section 16‚ Article II of the 1987 Constitution provides that the State shall protect and advance the right of the Filipino people to a balanced and healthful ecology in accord with the rhythm and harmony of nature; chan robles virtual law library WHEREAS‚ Section 1‚ Article XII of the 1987 Constitution seeks a more equitable distribution of opportunities‚ income‚ and wealth; a sustained increase in the amount of goods and services produced by the nation for the benefit of the people;
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Australia interpreted the word `formed` (past tense) in s51(xx)‚ meaning the companies already exist. The companies which are to be created or incorporated will therefore not be subjected to the Commonwealth law. This narrow interpretation by the High Court denied the Commonwealth the power to make laws over the incorporation and regulation of companies. Section 51 (xx) was also considered to be very restrictive‚ applying only to foreign trading or financial corporation‚ leaving doubt whether it would
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ALGAPPA UNIVERSITY KARAIKUDI – 630 003 TAMILNADU DIRECTORATE OF DISTANCE EDUCATION B B A (II YEAR) PAPER 2.4 BUSINESS LAW Paper 2.2 Commercial Law : Business Law Indian Contract Act 1872 : Meaning and essentials of a valid contract Formation of contract – Performance of contract – Termination and discharge of contract – Remedies for breach of contract – Quast contract Special Contracts : Indemnity of guarantee – Bailment – Agency Sale of Goods Act
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CHAPTER- 2 CLASSIFICATION OF SOURCES OF INTERNATIONAL LAW 2.1. Classification of Sources of International law Source is found in the process by which it becomes identifiable as a rule of conduct with legal force and from which it derives legal validity. The various sources of international law are inferred from Article 38 of ICJ. Article 38 of ICJ states: The Court‚ whose function is to decide in accordance with international law such disputes as are submitted to it‚ shall apply : A. international
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