there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom the promise is made. The term consideration is given to the subject that is exchanged in a contract.1 It is a fundamental prerequisite in English contract law. 2 The courts has explained the
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party or some forbearance‚ detriment‚ loss or responsibility‚ given‚ suffered or undertaken by the other”. In relation to Rent a Tents contract with Susie the terms of the contract are that in return for Rent a Tent providing a marquee for the birthday weekend Susie will pay £2‚000. This is a binding contract as the several requirements to make a binding contract are‚ offer and acceptance‚ intention to create legal relations and consideration. ‘. However Rent a Tent then approached Susie and
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analytically what is meant by ‘psychological contract’. Critically assess which process theories of motivation could help employers establish a ‘psychological contract’ with their employees? According to Anderson & Schalk (1998) within an organization there are obligations and expectations between employer and employee‚ some of which are written down as a formal employment contract and some of which are just implied‚ not discussed‚ which constitutes the psychological contract. Employees may have expectations
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CHAP TE R 21 Progressivism from the Grass Roots to the White House 1890–1916 CHAPTER LEARNING OBJECTIVES After reading and studying this chapter‚ students should be able to: • Explain grassroots progressivism including its proponents‚ and why they targeted the city for reform. Understand why activists formed alliances with the working class and under what circumstances those alliances proved successful. • Recognize the intellectual underpinnings of progressivism. Explain how reformers put the theories
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Theories to Teach Students 21 Century Skills Educators are faced everyday with new‚ innovative ways to prepare young people for the 21 Century. Even though technically we are already leaving in the 21 Century‚ our schools are not there yet. Teachers need to prepare students for the jobs that have not yet been created‚ for the new products that have not yet been invented‚ and for the new skills to build towards creativity and innovation. According to Partnerships for 21 Century Skills‚ there is a profound
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•For this project you will fully research a modern artist from Art: 21 and make a connection between their work and at least one artist from the past (prior to 1945) who you have learned about in our text book. Your modern artist will be someone from the PBS series Art:21 http://www.pbs.org/art21/. Follow this link and click on the “artists” tab. Choose an artist you have a strong reaction to and who interests you. •So‚ to be clear‚ you are focusing on a modern artist but linking them to an artist
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Are western management concepts like HRD applicable worldwide essay In today’s globalizing world the transformation of some local phenomena into global ones is a natural and unavoidable process. An example for such transformation is the way some management concepts from the western countries can be applied in totally different parts of the world. The applicability of management
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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 or facts of the scenario are that Credit Corp
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Individual Case 21: Freemark Abbey Winery Executive Summary: The case is based on William Jaeger a partner in the Freemark Abbey winery. Due to recent weather forecast showing the possibility of a storm formation in the Nape Valley. There needs to be a decision made to either wait the storm out to see if the storm would help produce Botrytis mold‚ which allows for a wine with 11% alcohol and 13 % sugar. For this the winery is able to produce a complex
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CHAPTER 21 Accounting for Leases SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 21-1 The lease does not meet the transfer of ownership test‚ the bargain purchase test‚ or the economic life test [(5 years ÷ 8 years) < 75%]. However‚ it does pass the recovery of investment test. The present value of the minimum lease payments ($31‚000 X 4.16986 = $129‚266) is greater than 90% of the FV of the asset (90% X $138‚000 = $124‚200). Therefore‚ Callaway should classify the lease as a capital lease.
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