CONTRACT LAW- EXAM NOTES What is a contract? An oral or written agreement between two or more parties which is enforceable by law. This agreement ‘will be legally binding if certain criteria are met – briefly‚ they require that there be an agreement (comprising an offer and acceptance)‚ consideration‚ intention to create legal relations‚ compliance with any formalities required by law and that the parties have the legal capacity to contract’1 What is the purpose of contract law
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CITRIX Systems Incorporated Brief History Citrix Systems‚ Inc. is a Delaware corporation founded on April 17‚ 1989. They design‚ develop and market technology solutions that enable secure information technology‚ or IT‚ delivery on demand - independent of location‚ device or network. CITRIX technologies provide value by lowering IT operating costs‚ increasing information security‚ and enable greater business agility using Citrix virtual computing technologies. They market and license their products
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Case Study: Sunflower Incorporated Spalding University Case Study: Sunflower Incorporated In preparation for Workshop 2 of the course MSBC-660 – Change Acceleration in Organizational Culture‚ we were asked as a group to complete a Project Team Assignment‚ using the case study method. As part of this exercise‚ we were to read the case study Sunflower Incorporated and then critically analyze the case using the guidelines provided. In our answers outlined in the paragraphs below
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SALES CONTRACT No.57/2014 Ho Chi Minh City‚ May 19th‚ 2014 The Seller: Dalat Agriculture and Forestry JSC‚ Vietnam Address: 39 Phu Dong Thien Vuong Street‚ Ward 8‚ Da Lat City‚ Lam Dong‚ Vietnam Telephone: +84-63-656565 Fax: +84-63-665442 Email: info@dalatgap.com Represented by: Mr. Tran Thanh Sang Position: Director The Buyer: Shoei Foods Corporation Address: Shoei Bldg‚ 5-7‚ Akihabara‚ Taito-ku‚Tokyo‚ Japan Telephone: +81-33-2342345 Fax: +81-33-2672634 Email: shoeifoods@Shoeifoods
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Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
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1.0 Contracts and its Elements 1.1 Essentials of a Contract Contracts form part of our daily life e.g. lease of house‚ sale/purchase of cars‚ etc. However‚ there are elements essential to form a contract. These are: 1.1.1 Offer/Invitation MacMillan & Stone (2004) described offer as “an expression of willingness to contract on certain terms. It must be made with the intention that it will become binding upon acceptance. There must be no further negotiations or discussions required.” This can be
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Response of the article” Paintball: Promoter of Violence or Healthy Fun?”. Paintball is quickly becoming one of the most popular games in our all time; the number of players of paintball is growing everyday and with the different leagues and championships being held‚ the game has indeed spread far and wide. Currently‚ paintball is played in 110 countries with 15 millions players; it is bigger than rugby‚ bigger than snowboarding and even bigger than surfing. Why do so many people like to play paintball
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Net Promoter Score (NPS) The Net Promoter Score‚ or NPS®‚ is based on the fundamental perspective that every company’s customers can be divided into three categories: Promoters‚ Passives‚ and Detractors. By asking one simple question — How likely is it that you would recommend [your company] to a friend or colleague? — you can track these groups and get a clear measure of your company’s performance through your customers’ eyes. Customers respond on a 0-to-10 point rating scale and are categorized
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Contract Law Notes Contracts ‘A’ Offer Bilateral contracts Unilateral contracts Offers to the public at large What is an offer? Mere puff Supply of information Invitation to treat Categorizing transactions Advertisements a) Advertisements in a catalogue or a curricular b) Advertisements in newspapers or magazines c) Advertisements appearing on the internet d) Display of goods Auctions a) Advertisement of auction b) Auctions with reserves c) Auctions without a reserve Tendering
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A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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