Case Study Of The Contracts Act 1950 situations‚ there are three different contracts made between Allan and the bus conductor‚ Allan and Sally and Allan and Abu. Allan was trying to trick or lie to the bus conductor‚ Sally and Abu. The issue for the case Allan and the bus conductor and Allan and Sally is whether there is a valid contract between the two parties. For the case Allan and Abu‚ the issue is whether Abu can avoid the contract or not. The bus conductor‚ Sally and Abu can get compensation
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Contracts Summary DAMAGES – REMEDIES FOR BREACH OF CONTRACT THE INTERESTS PROTECTED Fuller and Perdue‚ “The Reliance Interest in Contract Damages” There are three principle purposes in awarding contract damages: restitution interest – object is the prevention of unjust enrichment by the defaulting promisor at the expense of the promisee reliance interest – object is to put the plaintiff in a good position as he was before the promise was made expectation interest – object is to put the
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Intellectual Property Rights (RC Pg 192) Trade Marks s2 A trademark is a visually perceptible sign capable of being graphically represented and which is capable of distinguishing goods and services provided by one business from that provided by another. Sign includes matters such as letter‚ word‚ name‚ signature‚ numeral‚ label‚ color‚ shape‚ aspect of packaging or any combination thereof. There is a need to register the trademark. Grounds for refusal of registration s7(1)b s7(1)c
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decides all the business decisions 3. All of the business profits go to the owner Disadvantages 1. Access to funds are limited to the owner 2. Sole proprietor’s have unlimited liability 3. Sole proprietorship is responsible for torts committed by the business and its employess Summary: An example of a business that can be started through a sole proprietorship is a gutter cleaning service. After creating a name which can be the owners name or a D.B.A. in which he would have
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Role and Functions of Law Paper Salvador Samuel Siegel LAW/421 August 21‚ 2013 Craig Parker Role and Functions of Law Paper According to "Business Law" (2007)‚ “Business law addresses statutes and regulations affecting businesses‚ families‚ and individuals. Businesses operate in an increasingly global environment where the laws of different governments and judicial systems might conflict. Law has been defined in many ways.” (para. 1). A body of rules of action or conduct prescribed by a controlling
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BUSINESS LAW Oscar Kikoyo‚ Advocate Dip. Philosophy‚ LL.B (Hons)‚ MBA (IB) Executive Secretary‚ Surface & Marine Transport Consumer Council‚ NSSF Waterfront‚ P.O BOX 14154‚ Dar es salaam‚ www.sumatraccc.go.tz 4/9/2014 1 What is Business? • Business is a commercial activity engaged in as a means of livelihood or profit‚ or an entity which engages in such activities. 4/9/2014 2 What is Law? • Law is the body of rules designed to regulate human conduct within a given
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Civil law (common law) Civil law is the branch of law dealing with disputes between individuals or organizations‚ in which compensation may be awarded to the victim. For instance‚ if a car crash victim claims damages against the driver for loss or injury sustained in an accident‚ this will be a civil law case.[1] Civil law differs from criminal law‚ whose emphasis is more on punishment than in dispute resolution. The law relating to civil wrongs and quasi-contract is part of the civil law.[2] -------------------------------------------------
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uberrimae fidei. S.35 dissolution. If not acting in good faith then the court can dissolve the partnership. S.28 duty to disclose‚ bond to render true account of all things affecting the partnership to any partners or their legal representatives. Law V Law [1905] – After the sales agreement there is a partnership asset that was not hidden from the account. But W had lost the right to avoid the contract as he takes the money while knowing disclosure had not made. Held: the
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Tort law is defined as a body of rights which are applied by courts in civil proceedings to provide relief for persons who have suffered harm from the wrongful acts of others. Since businesses have high amounts of money which can provide them with multiple lawyers‚ it makes it almost impossible for an average customer to not only defeat but even have a fair fight in court. Tort law protects the customer’s best interest and provides them the highest level of justice in these types of cases. Although
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