4. NOTES 4.1. THE ESSENTIALS OF A VALID CONTRACT A. ESSENTIAL No 1 The Parties Must Act Within Their Contractual Capacity What is contractual capacity? We view it in relation to the concepts of personality and legal status: PERSONALITY – determines that you are a legal entity or persona. As a result of this personality you acquire legal status ie your legal status defines that legal personality further. STATUS then describes your legal “condition” eg a married woman‚ A public
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The Psychological Contract Shein (1980) explained the concept of the psychological contract as a set of mutual expectations held between the employee and employer within the workplace. It is an unwritten set of expectations operating at all times. It can also be described as individual beliefs shaped by the organisation that relates to the expectation the employee has in terms of pay‚ fair treatment‚ opportunities etc and the expectations that the employer has in terms of performance‚ loyalty‚ etc
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phone industry in the world excluding htc and other smart phone brands. Analyzing the strategies of each company to pick which one is the best in management and also‚ the way they motivate employees of the companies would be difficult. Those points would be broken down in this essay. Apple Inc.’s business strategy is more on differentiation. They wanted to be different from the other mobile phone companies. Apple Inc. wanted a different software and hardware products. This is an advantage for Apple
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food restaurants‚ grocery stores‚ restaurants‚ and farmers markets with most of the food being relatively affordable. Our nation without a doubt has many dilemmas that need to be solved‚ however if you were to group all of these dilemmas into different sets and focus on the “food” set of the dilemmas‚ which would be our nation’s current food dilemma? Taking everything into account‚ finding healthy‚ tasteful foods seems to be the main concern of many Americans today. With obesity on the
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INTRODUCTION AND RATIONALE OF QUASI CONTRACTS:- Under the general heading of the Quasi contract there has been grouped a number of cases which have little or no affinity with contract. A simple illustration is afforded by the action to recover money paid by mistake. If the plaintiff on an erroneous interpretation of the facts‚ pays to the defendant a sum of money which he does not really owe‚ law‚ no less than justice‚ will require he defendant to restore it. But his obligation is manifestly not
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of margarine Unie‚ a Dutch margarine company and British-based Lever Bothers‚ soap and detergent company. Unilever had 1600 brands and sales & marketing efforts in 88 countries all over the world. The main target were to get top-line sales growth of 5-6 percent annually and to increase operating profit margin from 11 percent to over 16 percent both to be accomplished by the end of the year 2004.They cutting down their portfolio from 1600 to 400 core brand. Increasing profit margin to 11 to
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CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
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The ethical dilemma The ethical dilemma presented in the case study examines if you would allow an innocent person to be charged with offense he did not commit. You have been asked to keep quiet by a friend‚ someone you have known for years. Although you are positive that your friends did not commit the act‚ you are sure there is an innocent person wrongfully accused. I believe that it is my duty to be honest and tell the truth about the situation. According to Northouse (2013) ethics is
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ETHICAL DILEMMA DYNAMITE BUSINESS GROUP (DBG) Maame Akosua Mante Appawu Gifty Paditey Paterah B.Haruna Mark Fuachie-Sobreh Thelma Adjei Elvis Asiedu Frimpong Jerry Adjin-Tettey Adu-Gyamfi Kwabena Roberta Sarkodee Group Photograph Lies Defined 1) To make a statement that one knows to be false‚ especially with the intend to deceive. 2) To give a false impression. 3) Anything that gives or is meant to give a false impression. 1. Is it ever okay to lie in business? Although other schools
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GNED212-061 Friday mornings Qinglin.Du Mr. Mather GNED212-061 20 Oct 2012 Ethical dilemma As is known to us‚ the moral dilemma in the usual case refers to the two answers‚ which you are likely to decide on the case‚ you need to make a difficult choice; usually this option is to focus on the choice between the result and process‚ which is more important
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