1.Offer 1. Offer means a proposal by a person in which he makes his willingness to enter into a legally binding contract for some conside¬ration. 2. An offer is made with the object of getting consent of the offeree. 3. An offer can be accepted by the offeree. 4. An offer when accepted becomes an agreement. Invitation to Offer 1. An Invitation to offer means an intention of a person to invite others with a view to enter into an agreement. 2. An invitation to offer on the other hand is made
Premium Contract
19. Discuss the advantages and disadvantages of management contract to both the hotel owner and the management company? The advantage of the management contract is: The management contract incurs minimum risk to the company as compared to sole ownership and joint-venture development since the management company has little or minimal equity invested in the hotel. The hotel management company only assigns a group of professional managers to operate the property for the owner. If political crisis
Premium Hotel chains Hotel Hyatt
This contract‚ entered into on the ____ of _________‚ 2012‚ is for the professional recording of ‘Projects’ represented by Samantha (client) for the recording session described below. The undersigned employer (S.N.E.) and the undersigned client agree on the contract as follows: Client agrees to be personally and individually liable for the terms of this contract. S.N.E hereby engages and employs musicians for exclusive personal services‚ providing them with a wide range
Premium Recording Contract Media technology
Contract closing a method of costing large projects‚ where the contracted work will run over several accounting periods Every organisation will have its own costing system with characteristics which are unique to that particular system. However‚ although each system might be different‚ the basic costing method used by the organisation is likely to depend on the type of activity that the organisation is engaged in. The costing system would have the same basic characteristics as the systems
Premium Cost accounting Cost Costs
unlawful means to induce BOAC to terminate his contract. The strike was alleged to be the unlawful means. -The case was almost immediately reversed Miliangos V George Frank Textiles George Frank Ltd was a Swiss textile producer who sold and delivered textiles to Miliangos‚ textile trade located in England. Miliangos refused to pay for the textiles. George Frank sued Miliangos in England for the amount of the debt in the currency of the contract which was Swiss francs. -Overruling a decision
Premium Case law Stare decisis Ratio decidendi
Chapter 7 Critical Thinking Exercise 1. Define the Objective Theory of Contracts. Answer: Objective Theory of Contracts is defined as the parties’ assent is not judged by the subjective intent by each party‚ but by the objective intent that a similarity situated reasonable person would understand the parties to have. 2. On May 1‚ Brand Name Industries‚ Inc. (BNI)‚ sent Carol a letter‚ via overnight delivery‚ offering to employ her to audit BNI’s financial statements for the current year
Premium Contract
Week 2: Exercises and Homework Problems 1. Of the adult U.S. population‚ 36% has an allergy. A sample of 1200 randomly selected adults resulted in 33.2% reporting an allergy. a. Describe the population. b. What is the sample? c. Describe the variable. d. Identify the statistic and give its value. e. Identify the parameter and give its value. 2. (HWK) A drug manufacturer is interested in the proportion of persons who
Premium Standard deviation Arithmetic mean
Practice Questions Chapter 6: Systems Development Chapter 7: Enterprise Infrastructure‚ Metrics‚ and Business Continuity Planning 1. What is the structured approach called for developing software and information systems? A) Software design B) Prototyping *C) Systems development life cycle D) Systems methodology 2. Who is the person who typically manages the software development project? A) Software engineer *B) Project manager C) IT manager D) Technology director 3. In
Premium Software development Software engineering Rapid application development
Semester: fall 2011 Practice to Chapter 12 (Alkenes & Alkynes *1. Consider the following: CH3CH2CH=CHCH2CH3 CH3CH2CH2CH2CH=CH2 I II CH3CH=CHCH2CH2CH3 CH2=CHCH2CH2CH2CH3 III IV Which two structures represent the same compound? A) I and II B) II and III C) I and III D) II and IV E) None of these *2. Give the IUPAC name for A) 3-Methyl-4-hexyne B) 4-Methyl-2-hexyne C) 2-Ethyl-3-pentyne D) 4-Ethyl-2-pentyne E)
Premium Hydrogen Hydrocarbon Alkene
1. This name describes the chemical structure of the drug and is generally not used due to its long and complicated name. Answer A a. Chemical Name b. Generic Name c. Official Name d. Trade Name 2. This name is established by the USAN (United States Adopted Names Council). Answer B a. Chemical Name b. Generic Name c. Official Name d. Trade Name 3. This name is “owned” by a drug company. Answer D a. Chemical Name b. Generic Name c. Official
Premium Pharmaceutical drug Pharmacology Trademark