Consideration of a contract for an Offer letter to an employee from the organization SUBMISSION DATE: 14-09-2013 STUDENT NAME: SYED ABBAS STUDENT ID: 861769 _____________________________________________________________________________________ EXECUTIVE SUMMARY In this report we are going to discuss the consideration of a contract for an offer letter to an employee from the organization. We will study why offer letter is required for any employee and what does this offer letter do. How
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not know much about contract law. Actually‚ we are signing contracts everyday. For example: Buying candies in a shop. There are two types of contract (written and verbal agreement). A contract is made by orally‚ by conduct and in writing. It also consists of an agreement‚ consideration and legally binding. There are eight elements of contract law‚ namely offer‚ acceptance‚ consideration‚ capacity‚ legal relations‚ legality and agreement. In this essay‚ I am going discuss the offer and acceptance particularly
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1. INDIAN C0NTRACT ACT 1872 Introduction: We enter into contracts day after day. The Law of Contract is comboided in the Indian Contract Act‚ 1872. The contract act incorporates many features of English Law. What is a Contract ? Section 2(h) of the Indian Contract Act 1872 defines a as an agreement enforceable by law. Section 2(e) defines agreement as “every set of promises forming consideration for each other. Section 2 defines promises in these words ‚ when the person to whom the proposal
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Contracts II‚ UCTA and SGA ! Is everything in a contract a term?! ! Trader’s puffy - typical exaggerating advert statements.! Representations - a statement of the fault that persuades the other party to enter into the contract. ! The court takes into account four factors in deciding whether a stamens is part of the terms or just presentation. ! 1. The parole rule: written contracts - only the terms included in the written contract document are terms; any verbal statements will be representations
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1. Which Act sets the minimum wage ‚ and what is the current wage rate? The Fair Labor Standards Act sets the minimum wage.The current minimum wage is $7.25/h. 2. Under the FLSA‚ what information concerning the employee’s wages earned must be maintained by the employer? 1. Day and time of day when work-week begins. 2. Regular hourly rate of pay. 3. Basis of wage payments 4. Hours worked each day 5. Hours worked each week. 6. Daily or weekly straight -time pay. 7. Amount & nature
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Boeing engineers union rejects contract offer Negotiations between Boeing and SPEEA began April 19. In the weeks since then‚ the company and union have continued to meet on a regular basis‚ focusing on specific issues each week. One SPEEA contract covers 23‚000 professional engineers in Puget Sound‚ Portland and Ogden‚ Utah; the other covers technical workers in Puget Sound and Portland. The two contracts are similar in many respects but not identical. Main issues included wage pools‚ medical
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description. She was a step out of slavery There were hundreds of people living in it A bucket with syrup a biscuit and bacon grease in it When did Ruth’s life shift‚ or change? How did this shift change her life? Be specific‚ and include details. 1950s
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The Indian Contract Act‚ 1872 Contract – Meaning and Nature: The law of contract constitute the most important branch of mercantile or commercial law. The law relating to contracts is governed by the Indian Contract Act‚ 1872. This act mostly deals with general principle and rules governing contracts. The act is divisible into 2 parts: 1. Section 1 to 75 – deals with general principle of contract and applies to all contracts irrespective of their nature. 2. Section 124 to 238- deals
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features of the consumer protection act 1986. Also briefly discuss unfair trade practice and restrictive trade practice as discussed under consumer protection Act? 3 . What are the characteristics of negotiable Instrument? Discuss the ‘privileges’ of holder in due course as per the provisions of the Negotiable Instruments Act‚ 1881? Also state the important amendment to be incorporated under sec 138 of the act. 4 . Discuss the essential elements of a valid contract. 5 . Write short notes on
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OFFER If a contract is a legally binding agreement‚ the first question to consider is the method by which the court ascertains whether a contract is to be formed. The offer must express the definite intention on the part of the person or organization making it (called “the offeror”) to enter into the contract with the person or organization to whom or which it is addressed (known as “the offeree”). An offer may be defined as a statement of willingness to contract on specified
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