Definition of Law a. Law is defined as a set of rules and principles by which a community regulates its activities. b. Law is different and yet similar because it can be applied differently across various borders. c. Unlike law‚ internal rules and regulations of clubs‚ societies and other organizations may only be enforced within the group that governs them. d. Law is therefore concerned with the legal rights and obligations of individuals‚ business organizations‚ various entities
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CIVIL LAW GOLDEN NOTES 2011 UNIVERSITY OF SANTO TOMAS FACULTY OF CIVIL LAW MANILA Academic Year 2011‐2012 CIVIL LAW STUDENT COUNCIL Lester John A. Lomeda Wilfredo T. Bonilla‚ Jr. Raissa S. Saipudin Bernadette Faustine C. Balao Marc Mikhaele J. Santos Victor Lorenzo L. Villanuea President Vice‐President Secretary Treasurer Auditor Public Relations Officer TEAM: BAR‐OPS 2011 Diane Camilla R. Borja Carlo Artemus V
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2007‚ Business Law. Australia: Pearson Education Australia [online]‚ http://www.australiancontractlaw.com/law/formation-agreement.html [10 February 2010] [online]‚ http://www.australiancontractlaw.com/law/formation-consideration.html [14 February 2010] [online]‚ http://www.australiancontractlaw.com/law/formation-intention.html [16 February 2010] [online]‚ http://www.australiancontractlaw.com/law/formation-capacity.html [20 February 2010] [online]‚ http://www.australiancontractlaw.com/law/avoidance.html
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2010 Business Law Revision Booklet The Business Law final exam is 3 hours with 10 minutes of reading time. HOW TO ANSWER CASE STUDY QUESTIONS When answering this question student’s need to follow the format of: i) state the issue ii) state the law-this includes relevant legislation and cases iii) apply the law to the facts iv) state the conclusion Key words used in questions: Explain – students need to provide
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CONTRACT AND RELATED OBLIGATION Prof. Hillman I) Theories of Obligation A) CONTRACT: Agreement with Consideration – Bargain Theory of Consideration Definition: A promise that is supported by consideration because the promisor gets something (extracts) from the promissee in exchange for the promise. Ex: I tell Alice I will sell her my piano for 400 dollars and she agrees. I promised my piano in exchange for something (400 dollars) therefore my promise is enforceable. 1) Bargained
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types of damages are NOT available in contract cases? Your answer: Equitable remedies The correct answer: Pecuniary damagesINCORRECT. The major form of relief in contract cases is monetary damages. Other potential types of damages are equitable‚ and tort damages‚ including punitive damages. | | 2. | Incorrect | Cecil has a contract for $2000 to paint Buck’s house so that Buck can place the house on the market. He realizes that he will not be able to paint Buck’s house before Buck sells the house
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30th May Thursday 11-12 (replacement) 1b) Negligence misrep – For this‚ the common law negligent misrep is followed- i.e. that is duty of care‚ “special relationship” ‚ breach of standard of care‚ causation‚ and remoteness. 1c) Duress is pressure exerted by one person to coerce (influence someone to do smth) another to contract on particular terms. The main types are duress of the person “actual or threatened violence or unlawful imprisonment”‚ duress of goods “wrongful detaining‚ damaging or
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There ought to be‚ and many times is‚ a close nexus between manmade law and justice – law should aim at justice. Laws should be the objective expressions of the nature of reality rather than merely the subjective prejudices or whims of some person‚ group of people‚ or society as a whole. Natural law is objective since it is inherent in the nature of the entity to which it relates. The content of natural law is accessible to human reason. For example‚ it is easily understood that since each man has
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Chapter 1 Risk Management and Sources of Law Risk Management Risk Management – is the process of identifying‚ evaluating and responding to the possibility of harmful events. Risk Avoidance – A risks that should be avoided altogether. (Ex. Ford Pinto and exploding on impact) Risk Reduction – Risk that can be reduced to an acceptable level through precautions. (Ex. Banks loans and collateral) Risk Shifting – Risk that can be put on a different party. (Ex. hiring an independent contractor) Risk
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Pert Grantt Chart - Tutorial Exercises 1 Calculate the EET and LET for the following charts (the letters represent activities). Now Identify each CP 2 Redraw the following charts after Inserting activity N (duration 5) in them. Assume in each case it (N) must precede all activities whose initial letter is >= F (but succeed all others). Recalculate the chart and identify the CP 3 For each of the following precedence
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