defined that a legally binding contracts need offer and acceptance in order to create a legal relation. Basically there is a need for a contract to be supported by consideration. In other words‚ in English law of contracts it is required that the parties bring something valuable in exchange for the promise that they have made in that agreement. Therefore a legal consideration converts a social agreement into a legal agreement. According to Lord Pollock’s definition‚ consideration is “An act or forbearance
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Political- legal environment is one of the economic environment that its development has strongly impacts on the marketing decisions of the company. The political environment consists of laws‚ government agencies‚ and pressure groups that influence or limit various organizations and individuals in a given society. Each factors of political environment has its own functions and impacts on the economic activities of the industry. The economic systems work best with at least some regulation. When
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research will be based on a variety of social‚ economic‚ and political factors. The first factors based on my research that will be discussed are the social factors that take place in Sierra Leone. As a result of high population growth and a deadly civil war that ended in the year 2002‚ poverty still remains widespread throughout the country. This information is important because the severe economic that went with civil war and social unrest destroyed the social and physical base of this country
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Describe how external factors are impacting on 2 organisations and their stakeholders. 1st organisation: Tesco FACTORS (add description) | Impact on business activities | Impact on Stakeholders | Political 1:Membership of international trading communities’ e.g. European Union.The economic association of over two dozen European countries which seek to create a unified‚ barrier-free market for products and services throughout the continent‚ | This would affect Tesco on their business
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Introduction Social‚ moral‚ and political philosophies are three branches that share elements‚ but are different in application. This paper considers what the fields have in common‚ how they are different‚ and how they apply to modern life. When thinkers contemplate such diverse ideas such as justice‚ love‚ friendship‚ democracy‚ and divorce‚ they are considering concepts that fit in one or more of the three fields of philosophy discussed in this paper. Contrasts and Commonality When philosophy
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Describe the factors that influence the effectiveness of interpersonal communication Interpersonal communication This process of sharing ideas and feelings between individuals. This can be improved through appropriate knowledge practices‚ feedback and reflection. Cultural influence Culture is referred to as customs‚ language‚ arts of a particular region. It includes learned values‚ beliefs and behaviors common to a group of individuals. Culture can be strong barrier to interpersonal communication
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------------------------------------------------- Plato’s Social Political Philosophy What makes a good society or a good individual? According to Plato‚ the virtues of justice‚ wisdom‚ courage‚ and moderation are necessary to make a good society. Since Plato’s perspective is exemplified in today’s society and in many other works of fiction‚ we can derive that there is convincing argument for Plato’s view. Before we explore examples of Plato’s perspective‚ we must first establish Plato’s views
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The idea of the social contract is one of the foundations of the American political system. The definition of the social contract explains that it is a theory that the government has only the authority accorded it by the consent of the governed. In other words the government only exists to serve the people‚ and they are the source of all its political power. Society can choose to give or withhold this power. Although the social contract theory attempts to validate government power‚ there have
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Limitations and constraints on marketing activities Task 1 Read each of the examples of marketing activities that might be carried out by business in the table below. For each example suggest a law that the business might be breaking and the reason why. |Example |Possible legislation being broken and why | |A picture on the packaging that shows better quality ingredients |Sales of goods
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Law For exams in 2010 theexpgroup.com ACCA F4 Corporate and Business Law ExPedite Notes Chapter 1 Economic‚ Political and Legal Systems The examiner has stated that in the exam‚ you may be required to: Explain the inter-relationship of economic and political and legal systems (application level). Explain the doctrine of the separation of powers and its impact on the legal system (application level). Differentiate between different types and different systems of law (knowledge level)
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