for resale. If he were to make a sale on credit in exchange for a promise to pay money‚ why should he not be permitted to sell that promise to someone else for cash with which to carry on his business? One difficulty was that the buyer of the goods gave the seller only a promise to pay money to him. The seller was the only person to whom performance or payment was promised. If‚ however‚ the seller obtained from the buyer a promise in writing
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An analysis of “The American Promise” by presidential candidate Barack Obama In this essay‚ I am going to analyze Barack Obama’s speech “The American Promise”. He presented the speech when he was accepted as a candidate for the American election in 2008. The speech is from August 28th. I will look for ethos‚ pathos and logos‚ find his main argument and discuss the effect the speech has on the listener. The speech starts out with Barack Obama presents two people. A young man from Kenya and young
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the analysis of the updated definition‚ a set of propositions regarding the scope and content of a marketing definition are developed. Finally‚ based on the analysis and this set of propositions‚ an alternative marketing definition‚ based on the promise concept‚
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PART 2: AGREEMENT A. Offer and acceptance Offer * Objective approach: offer must normally be interpreted in the sense in which it would reasonably be understood by an ordinary person‚ even though the offeror’s actual meaning was otherwise. * Definition: indication by one person to another of his or her willingness to enter into a contract with that person on certain terms. The ‘offer’ must indicate a willingness by the offeror to be bound without further negotiation as to the terms of
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LAW 203 – LAW OF CONRACT 1 ASSIGNMENT 2 STUDENT ID: S120343 LECTURER/TUTOR: MR HUMPHREY MARAU NUMBER OF WORDS: 2284 Contract law is a body of law that governs oral and written agreements associated with exchange of goods and services‚ money‚ and properties. Not only does contract law set out the rules and guidelines of how to form a contract but also teaches us how the parties to a contract are to fulfil it and what may happen when the terms of a contract are not fulfilled. The background
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Steven Thel Fall 2012 Contract An oral or written agreement between two or more people‚ an exchange relationship‚ at least one promise‚ enforceable. Mutual Assent each party must intend to enter the contract and must agree to do so on mutually agreeable terms. Assent is legally sufficient if each party‚ by the deliberate use of words or conduct‚ manifests agreement to be contractually bound. Lucy v. Zehmer joke and intoxication was not enough to get Zehmer out of a contract that Lucy took seriously
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Foodmart‚ Inc. Learning Team Assignment LAW/421 Foodmart‚ Inc. Part 1 In order to provide a detailed assessment of the above mentioned scenario‚ a clear understanding of each step in the contract must be clear. A contract was established between Foodmart and Masterpiece Construction for renovation to one of Foodmart’s stores. With a deadline approaching‚ and an increase in contract requests‚ Masterpiece was not able to complete expectations of this contract. To remedy
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and sisters signed a document stating in consideration of you carrying out the repairs we agree that the executors pay you £480 from the proceeds of sale. However‚ the payment was never made. Held: The promise to make payment came after the consideration had been performed therefore the promise to make payment was not binding. Past consideration is not valid. Past consideration may be valid where it was proceeded by a request: Lampleigh v Braithwaite [1615] EWHC KB J17 The defendant had killed
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A contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and should be
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*********** HS 201-005 Paper #1 Sept. 8‚ 2010 Spanish and English had similar motivations for exploration of the New World‚ such as gaining land‚ goods from the natives‚ and gold. However‚ their motivations also differ greatly. The Spanish conquistadors also gained slaves from the native people‚ as well as spreading the word of Christianity. The English settlers came to the New World to get away from the religious oppression in England and to practice religion freely‚ and to grow tobacco
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