Question 2 Can Paul take any legal action against Derek? Did Derek breathe the contract made between him and Paul? A contract is agreement concerning promises made between two or more parties with the intention if creating certain legal right and obligation upon the parties to that agreement which shall be enforceable in court law. The Trade practices act 1974 (Cth) particularly s52 cover the contract law: seven elements to create a simple contract‚ which are listed as the following: * Intention
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PROBLEM SOLVING QUESTIONS (4 points per question) 1. Below are the 2007 and 2008 year-end balance sheets for Tran Enterprises: Assets: 2008 2007 Cash $ 200‚000 $ 170‚000 Accounts receivable 864‚000 700‚000 Inventories 2‚000‚000 1‚400‚000 Total current assets $3‚064‚000 $2‚270‚000 Net fixed assets 6‚000‚000 5‚600‚000 Total assets $9‚064‚000 $7‚870‚000 Liabilities and equity: Accounts payable $1‚400‚000 $1‚090‚000 Notes payable 1‚600‚000 1‚800‚000 Total current liabilities
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TORTS – Fall 2006 “G” = something that Goldwasser said in class 01. INTRODUCTION TO TORT LAW (p.2) • set of rules regarding liability and compensation for personal injury‚ death‚ and property damage that one party causes to another - rules for shifting losses from injured victims to the persons and companies causing injuries • grew out of a focus on bodily injury and physical property damage - now extended to include harm to reputation‚ privacy‚ emotional well-being‚ and economic losses
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Garden Club Guests and Liability Nicola Grover Professor‚ Theresa Dike November 27‚ 2011 LEG 300 The difference between an invitee and a licensee is the level of duty of care owed to each by the landowner. A person who enters the premises of a landowner by invitation‚ as part of the general public for a lawful purpose‚ would be considered an invitee. The landowner must provide an invitee reasonable care to keep the invitee safe from harm. This means the landowner must be aware of impending
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Answer to Tutorial Exercise Semester 2‚ 2011 Question An Lushan operates the Tang Empire restaurant in Hawthorn. He places his regular weekly order for $1000 worth of ‘Yellow Turban’ noodles with his supplier‚ Wu Zetian‚ who manufactures foodstuffs in Victoria. Unfortunately on one week the noodles are adulterated with a cleaning agent. Fortunately An Lushan realises that the noodles are unfit to eat before he serves them to his customers. (a) Explain whether there is a breach by Wu
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States justice system‚ a tort is best defined as an injury or loss that was committed deliberately or negligently by a single person or an entity (Crane). The history of tort law can be traced back to the initial trespass of property or person‚ but it was not until the 18th century that the distinction between intentional and unintentional acts was made (Columbia Electronic Encyclopedia). In recent years‚ tort law has become the center of scrutiny through the increase in tort costs‚ insurance liability
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Note: It is recommended that you save your response as you complete each question. Question 1 (5 points) James believes our system of free enterprise is the best‚ even though businesses are not exactly trying to do nice things to competitors‚ because the end result is that consumers get better products. "Hey‚ even though what the businesses are doing is kind of cruel‚ the ultimate outcome is for the good—what could be wrong with that?" Chris disagrees with James: "No way will you’ll get me to go
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UBML1053 BUSINESS LAW THURSDAY‚ 15 DECEMBER 2005 TIME: 2.00PM – 4.00PM (2 HOURS) BACHELOR OF COMMERCE (HONS) ACCOUNTING YEAR ONE Instructions to Candidates: Section A : [Total: 40 marks] 1. This section consist of ONE (1) compulsory question 2. Answer ALL the sub-questions. Section B : [Total: 60 marks] 3. This section consists of THREE (3) questions. 4. Answer only TWO (2) questions. 5. No marks will be given for any extra questions or sub-questions (i.e. parts a‚ b or c in a question) attempted. 6
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Group Report On “ Partnership Law “ Submitted to : Mr. Mirza Waheed Baig Submitted by: 5 Ms. Mussarat Sana (MB-10-10) 6 Mr. Mohsin Qureshi (MB-10-17) 7 Ms. Fateyma Wyne (MB-10-18) 8 Mr. Ehtesham Rafique (MB-10-40) 9 Ms. Qurat-ul-Ain (MB-10-45) 10 Ms. Humaira Rafique Malik (MB-10-63) 11 Mr. Shazaib Khan (MB-10-67) [pic] [pic] Table of Contents • Acknowledgment. • Partnership Act 1932 Pakistan. • Mutual
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Contract Questions Please answer BOTH questions. 1. Max‚ an improvised law student placed the following advertisement in the Law Student Gazette: "For sale - Treital - Law of Contact‚ £5" Brian telephoned Max but he was not at home and Celia‚ Max’s girlfriend‚ answered the telephone. Brian asked her whether it was the latest edition. She replied that it was not. Brian then said he would give £4 for the book and Celia replied that she was sure that was acceptable but
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