contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity‚" or being of legal age and sound competence; "mutual assent‚" or agreement on the terms of a contract; and "consideration‚" or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides a remedy in the
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Law is an enactment made by the state. It is backed by physical coercion. Its breach is punishable by the courts. It represents the will of the state and realizes its purpose. Laws reflect the political‚ social and economic relationships in the society. It determines rights and duties of the citizens towards one another and towards the state. It is through law that the government fulfils its promises to the people. It reflects the sociological need of society. Law and morality are intimately
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Assignment on University of Dhaka Laws Affecting Business Date: Tuesday‚ 28 May 2013 Submitted to: Prof. Dr. Abu Hossain Siddique Professor‚ Department of International Business University of Dhaka Submitted By: Rabiul Hasan Roll no. 256 6th Batch‚ Department of International Business University of Dhaka Executive Summery Business must operate within the boundaries of laws and government regulations. Laws have been developed not only to protect consumers but also to preserve
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Classification of Laws An important method of classifying law is according to the system in which it is created. • common law Rules of law created by the courts through judicial decisions. Courts “make law” as part of the process of deciding cases and controversies before them. The case law created in this process is based on a doctrine known as stare decisis. This doctrine is based on the notion that prior decisions provide guidance that should be followed in subsequent cases involving the
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JOURNAL OF LAW AND SOCIETY VOLUME 20‚ NUMBER 4‚ WINTER 1993 0263-323X Marx and Law ANDREW VINCENT* There is no sense in which Marx can be described as just a legal theorist. He did not write any systematic works on legal science or jurisprudence; however‚ his observations on law are both immensely penetrating and contain an extremely subtle interweaving of philosophical‚ political‚ economic‚ and legal strands. Marx was also at the centre of many crucial intellectual and political debates
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CLASSIFICATION OF LAW There are four different classifications of law that are found around the world. In this brief article I will explain the differences that make up the four classifications of law. 1. Substantive of laws vs. Procedures of laws- Substantive of law is the substance that makes up a law. It is the meaning of a law that explains what you can and cannot do. For example the law states that you cannot murder another human being unless it was in self defense‚
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Subject Business Law Subject Number BBC131 Trainer Mr Tony Antoniou Due Date 7th Oct 2012 Chapter 1 LEGAL FOUNDATIONS Tutorial Questions 1 Why did common law become so rigid and flexible? The social behaviour of surroundings where society
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Questions Learning ResourcesTextbook: Business Law Seventh Edition‚ 2010 Henry R. Cheeseman Prentice Hall 1) According to Judge Jerome Frank‚ uncertainty in the law: a. is an unfortunate accident b. should be avoided whenever possible c. is of immense social value d. does not exist in the U.S. legal system 2) Which of the following is most consistent with the Natural Law School of jurisprudence? e. Law is based on moral and ethical principles of
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Opinya Roy Ronnie G34/36949/2010 Public international law The relationship that exists between and international law and municipal law has caused a lot of trouble to theorists and courts alike‚ international law principles force states to respect treaties and respond to them‚ international law does not rule on how conditions therein international provisions in treaties are to be intergraded on international legal systems of states which in effect leaves each and every state to decide how to
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Tort Laws | Tort Laws | Tort laws in the working world | | Janeen Abdo | Rasmussen CollegeNovember 04‚2012Authors Note: | This research is being submitted on November 04‚ 2012‚ for Larry Cooperman FAL12-6WS1-B371-04 Research and Report Writing course. | | Have you ever seen the commercials for a lawsuit based on a disease cause from working with asbestos or heard of law suit for unlawful termination; these are tort laws that make these lawsuits happen. The definition of a tort law
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