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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business opportunity A business opportunity consists of four integrated elements all of which are to be present within the same timeframe (window of opportunity) and most often within the same domain or geographical location‚ before it can be claimed as a business opportunity. These four elements are: • A need • The means to fulfil the need • A method to apply the means to fulfil the need and; • A method to benefit With any one of the elements missing‚ a business opportunity may be
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Nd Contracts Outline Professor Murray 1. Contract Remedies (Chapter One) What is a contract?- promise or set of promises‚ for breach of which the law gives a remedy or the performance of which the law recognizes as a duty. Types of contracts- a. express: formed by language‚ oral or written b. implied: formed by manifestations of assent other than oral or written language; by conduct. c. quasi: not contracts at all‚ construed by courts to avoid unjust enrichment‚ by permitting plaintiff
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Recognizing and Understanding Coercion By: Patrick T. Ourant What Is Coercion? Webster’s New Collegiate defines coerce as: 1. To restrain or dominate by nullifying individual will; 2. To compel to an act or choice; 3. To enforce or bring about by force or threat. Coercion is essentially the overwhelming of the will of another by force or threat of force‚ or through less noticeable forms such as fraud. The use of coercion is the means by which a person or group of people impose
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CONSTRUCTION CONTRACTS IAS 11 – DEFINATION IAS 11 defines a construction contract as: a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design‚ technology‚ and function for their ultimate purpose or use. IAS 11 – TREATMENT Where possible‚ IAS 11 applies the accruals concept to the revenue earned on a construction contract. If the outcome of a project can be reasonably foreseen‚ then
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BRAND MANAGEMENT ASSOCIATE National Capital Reg - Quezon City‚ Ortigas‚ San Juan‚ Manila Responsibilities: * Ensures healthy inventory level; responsible in forecasting and allocation of stocks * Maintains profitability; computes for Dealer Price and Suggested Retail Price with acceptable margins * Manages expectations of suppliers and maintains healthy relationship with supplier representatives * Develops programs & activities to establish brand * Trains Channel Sales Officers
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Part A: Interoffice Memorandum Phoenix Advertising Interoffice Memorandum DATE: July 23‚ 2014 TO: Gregory S. Forest‚ President; Zachary Sylvan‚ Vice President of Operations; Lauragina Soto‚ Vice President of Human Resources; Al Gucciardo‚ Vice President of Public Relations Operations; Troy Richards‚ Vice President of Marketing Operations; Devi Dewdat‚ Vice President of Advertising Operations; Deborah Hugo; Vice President of FinanceThe Executive Team FROM: Lauragina Soto‚ Vice President
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director‚ you worked hard to organize an employee volunteer program. The program is now finally up and running‚ with its own page on the company’s website‚ a growing database of company-approved service opportunities‚ a modest amount of paid time off for volunteering‚ a mechanism for recognizing outstanding volunteers‚ company grants for special projects‚ and other attractive components. Through a great deal of internal marketing‚ you’ve generated a healthy amount of employee participation—without
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To: Marketing‚ Staff From: Marketing‚ Director Date: 20 January 2013 Subject: Fallen Hero Monument Proposal Our men and women of the United States Armed Forces are every day roles models that protect the values our forefathers fought so hard to attain. As they confront terrorism aboard to protect our city streets‚ their actions have inspired many throughout the world to bear the title American. Though the fight to keep us free is not an easy task they stand ready and willing
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enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5‚000 ounces. The initial margin is $4‚000‚ and the maintenance margin is $3‚000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? Problem 5.2. What is the difference between the forward price and the value of a forward contract? Problem 5.3. Suppose that you enter into a six-month forward contract on a non-dividend-paying stock
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