General Certificate of Education Advanced Subsidiary Examination June 2015 Applied Business Unit 3 BS03/PM Financial Planning and Monitoring Preliminary Material To be distributed to candidates no sooner than 2 March 2015 NOTICE TO CANDIDATES You will be given one copy of this Preliminary Material for use during your preparation for the examination‚ which you may annotate as you wish‚ but which you will not be allowed to take into the examination. The Preliminary Material will be repeated within
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the American one‚ United Kingdom’s (UK) and Hong Kong’s (HK) do not recognize the approach of general principle of good faith in contract law‚ as illustrated in Walford v Miles1. Yet‚ good faith should be promoted in UK and HK because one should value fairness in the whole course of dealing‚ from the point of pre-contractual negotiations till the discharge of he contracts. This essay aims at showing the merits of a good faith doctrine and possible implications on the UK and HK legal system so as to
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English writing Marcus Kyramarios Ed 5 “Pre Tokyo with Amrit Warraich” 4.11.2012 Pre Tokyo with Amrit Warraich Introduction O n Monday the 5th of November Mr. Warraich and Mr. Puser are crossing half the globe to participate in the 51st annual Georges Baptiste Cup. The George Baptiste cup is a world wide well known French competition where young individuals from the hotel and restaurant industry compete in various service elements. This year it is held in Tokyo‚ Japan where Amrit
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Pre-Lab Work Sheet Which type of compound usually has higher melting points: ionic compounds or covalent compounds? What is the reason for this difference in melting points? (3 points) Ionic compounds have higher melting and boiling points than covalent compounds. The electrostatic attraction in an ionic bond is very strong hence a lot of heat energy is required to break it down‚ ionic bonds have high melting and boiling points. In covalent bonds‚ the intermolecular forces are very weak and
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A Collateral contract A collateral contract is one where the parties to one contract enter into or promise to enter into another contract. Thus‚ the two contracts are connected and it maybe enforced even though it forms no constructive part of the original contract. According to Lord Denning MR in the case of Evans & Sons Ltd v Andrea Merzario Ltd [1976] 1 WLR 1078 a collateral contract is ‘When a person gives a promise‚ or an assurance to another‚ intending that he should act on it by entering
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CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
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1. Introduction There are many types of contraction contract. For example Lump Sum Contracts‚ Unit Price Contracts‚ Cost Plus Contracts‚ Design and Build Contracts & Concession Contracts. Today Concession Contracts are gaining popularity in the Malaysian construction industry. What is Concession Contracts about? It can be define as a business operated under a contract or license associated with a degree of exclusivity in business within a certain geographical area. A project based on granting by
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What is a contract? A business contract is a legally binding agreement between two or more parties to do or not to do certain things. For example‚ a business contract could be for the sale of goods or supply of services at a certain price. There are many different types of contracts including: the sale and purchase of a business agreement; partnership agreements; leases of business premises; leases of plant and equipment; and employment agreements. The process for creating a contract generally
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1. The five steps in Negotiating Delivery. To deal with problems arising if there is a delay or if delivery is not as planned the Buyer and the Seller should negotiate delivery systematically. That means making sure all foreseeable problems are discussed and approaches to solving such problems are agreed. An overview of the five negotiating steps is suggested to simplify discussion of the ideas and to avoid problems: Timing‚ Location‚ Transport‚ Risk Title and Insurance‚ Terms of Trade
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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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