Currently‚ majority of people do not know much about contract law. Actually‚ we are signing contracts everyday. For example: Buying candies in a shop. There are two types of contract (written and verbal agreement). A contract is made by orally‚ by conduct and in writing. It also consists of an agreement‚ consideration and legally binding. There are eight elements of contract law‚ namely offer‚ acceptance‚ consideration‚ capacity‚ legal relations‚ legality and agreement. In this essay‚ I am going discuss
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FORMATION OF AGENCY QUESTION 2 Introduction Agency define which subsists between principal and an agent‚ where the agent has been authorized to act for the principal or represent him in dealing with others or 3rd party. Agent is person who is employed by the principal to do certain act for him to represent him in dealings with 3rd party. Principal is a person who authorizes the agent to act on behalf of him. There are five formation of agency‚ which is by express appointment‚ by implied appointment
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wider than is necessary to protect the legitimate interest of the employer. Attempting to stifle competition is impermissible and it is irrelevant that the employer taught the ex-employee everything he knows. The court area particular to prevent contracts‚ which seek to prevent an employee from practicing his livelihood. The courts have regard to three facts: - The period during which the restriction purports to apply. - The geographical area in which the restriction purports to apply. - The scope
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Explain how you responded to a problem and/or an unfamiliar situation. What did you do‚ what was the outcome‚ and what did you learn from the experience? (maximum 200 words) Moving to a new country with a completely different culture and school system was a new and exciting experience‚ however it was one I had never encountered before. Moving countries meant leaving a familiar environment behind. I found the Canadian school system difficult to integrate into. I struggled to make friends and found
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consideration‚ in the sense of law‚ may consist either in some right‚ interest‚ profit or benefit accruing to the one party or some forbearance‚ detriment‚ loss or responsibility‚ given‚ suffered or undertaken by the other”. In relation to Rent a Tents contract with Susie the terms of the contract are that in return for Rent a Tent providing a marquee for the birthday weekend Susie will pay £2‚000. This is a binding contract as the several requirements to make a binding contract are‚ offer and acceptance
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Case-Study IR Problems at Toyota Kirloskar Motor Private Limited On January 08‚ 2006‚ Toyota Motor Corporation’s (Toyota) Indian joint venture company‚ Toyota Kirloskar Motor Private Limited (TKM) declared a lockout at its plant in Bidadi‚ Karnataka. The lockout came after two days of agitation by the plant’s employees against the dismissal of three workers by the management. The strike was the outcome of an incident that occurred in February 2004 when the management suspended 15 employees
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there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom the promise is made. The term consideration is given to the subject that is exchanged in a contract.1 It is a fundamental prerequisite in English contract law. 2 The courts has explained the consideration
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PAPER – CONTRACT 1 Define contract. Explain the essentials of valid contract. A voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. 1. Essentials of a valid contract All agreements are not contracts. Only that agreements which is enforceable at law is a contract. An agreement which is enforceable at law cannot be contract. Thus
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Explain Natural Law theory In this essay‚ I will discuss the theories behind Natural Law‚ as well as the qualities it is seen to possess. I will explain Aquinas’ concepts and theory on Natural Law‚ discussing eudaimonia and the doctrine of the double effect. Finally‚ I will reflect on some of the positive and negative aspects‚ in summarising Natural Law theory. It is important to highlight that Natural Laws differ from acts which occur naturally. There are many aspects to Natural Law‚ the first
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Explain the purpose of employment law and how it is enforced. Choose an area of employment you are familiar with and state whether or not you believe the objectives of this law are met in practice and whether or not its enforcement is effective. 1.1 Explain the aims and objectives of employment regulation The role of employment law is to achieve social justice and protect employees. There are two distinct branches of law‚ which include criminal and civil law. Criminal law in concerned with
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