INTRODUCTION Indian Contract Act 1872 is the main source of law regulating contracts in Indian law‚ as subsequently amended. It determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. The Indian Contract Act 1872
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IFRS Illustrative financial statements October 2012 kpmg.com/ifrs 1 Contents What’s new 2 About this publication 3 Independent auditors’ report on consolidated financial statements 5 Consolidated financial statements 7 Consolidated statement of financial position 9 Consolidated statement of comprehensive income – single-statement approach 13 Consolidated statement of changes in equity 17 Consolidated statement of cash flows 21 Notes to
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BARBARA KRUGER was born on January 26‚ 1945‚ in Newark‚ New Jersey. Kruger’s earliest artworks date back to 1969. These included materials using large woven wall hangings of yarn‚ beads‚ sequins‚ feathers‚ and ribbons‚ which embodied the feminist’s comeback of arts and crafts during this period. By 1979‚ Kruger stopped taking photographs and began to employ found images in her art‚ mostly from mid-century American print-media sources‚ with words collaged directly over them. These early collages‚
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INTRODUCTION A contract (according to Gibson 1997) is a lawful agreement made between two or more persons within the limits of their contractual capacity‚ with the serious intention of creating a legal obligation‚ communicating such intention‚ without vagueness‚ each to the other and being of the same mind as to the subject matter‚ to perform positive or negative acts which are possible of performance. Contracting parties through agreement‚ breach and operation of law can terminate contractual
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distinguished from offers because they contain no demonstration of present intent to form contractual relations. No contract is formed when prospective purchasers respond to such terms‚ as they are merely invitations or requests for an offer. Unless this interpretation is employed‚ any person in a position similar to a seller who advertises goods in any medium would be liable for numerous contracts when there is usually a limited quantity of merchandise for sale. An advertisement‚ price quotation‚ or catalogue
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Week 7 Breach of the Duty of Care Negligence Duty of care Established or novel duty? Is it a non-delegable duty? What is the scope of the duty? Breach of duty What is the relevant standard of care? Has the standard been breached? Damage Is it recognized by law? Was the breach a necessary condition of the harm? Is the harm within the scope of the defendant’s liability? Breach of Duty The fault part of the negligence action An act or omission of the defendant A failure to act as a reasonable person
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Chaucer And Estate Satire The meanings of the word “estate” defined by the Middle English Dictionary is ‘a class of persons‚ especially a social rank or a political class or group; also a member of particular class or rank’. The idea of the "estates" is important to the social structure of the Middle Ages. (Mann‚ Jill. Chaucer And Medieval Estate Satire. Introduction. London: Syndics of Cambridge University Press‚ 1973. 1-7.Print.) Feudal society was traditionally divided into three "estates". The "First
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which represents 10 percent of workforce without identified the specific employees. The workforce reduction is expected to be completed by Jan 31‚ 2011‚ and is expected to cost approximately $3 million. Pharma Co. has entered into irrevocable contracts with certain other relevant parties to affect the restructuring plan. Relocation cost: $500‚000 Staff training cost: $1.5M. Pharma Co. stated its intention to dismantle the existing operation. The cost to dismantle the existing manufacturing operation
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In my estate planning practice‚ it is not uncommon to meet with a new client who wants an estate plan prepared‚ but is a bit vague as to what should be included in that plan. Quite frequently‚ the initial conversation begins with the client saying something like‚ "I would like a will... or should I have a trust? Do I need anything else?" Actually‚ those are good questions to begin a discussion. Most folks recognize that their estate plan should provide for the distribution of their assets upon their
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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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