1.0 INTRODUCTION TO CONTRACT MANAGEMENT A contract is an agreement having a lawful object entered into voluntarily by two or more parties‚ each of whom intends to create one or more legal obligations between or among them. The elements of a contract are "offer" and "acceptance" by "competent persons" having legal capacity who exchanges "consideration" to create "mutuality of obligation. i.e. 1. Offer and Acceptance 2. Competent Persons 3. Consideration 4. Mutual Obligation 5. Lawful
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Contract law serves as your protection in every legal agreement you make in life. Contract law makes these agreements "enforceable"‚ which usually means that it gives the party the power to compensate and obtain money damages caused by the other party due to a breach of contract. The contract itself creates an obligation or duties to do and rules to follow by both parties if either of the party fails to follow the agreement‚ remedies can be provided by law if the contract is legal and has the essential
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Construction Contracts Introduction For this assignment the writer is going to discuss the nature and types of construction contracts and will explain the legal responsibilities of the various parties involved in the design and the construction process. Using different types of sources an explanation to the basic principles of contract law and how they apply. From doing this there will then be an explanation to what extent standard forms of contract are special types of contract. Contract that has
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unknowingly enter into series of contracts. This may be in the form of purchasing an article from a shop or by purchasing a railway ticket or by numerous ways. In modern societies‚ because of increasing complexity‚ there has been a practice of concluding contracts in standard form. One such instance of a standard form of contract is contract of insurance. Thus‚ standard form of contracts are those kinds of contracts were parties do not sit together to bargain the terms of the contract. One problem that is likely
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In the persuasive argument All Students Should be Required to Study a Foreign Language‚ posted on 123helpme.com the writer makes the argument that all Americans should have some type of formal education in a foreign language. The writer gives a few good reasons supporting his claim. The benefits given are better race relations for the country as well as an improved foreign interest. The writer is basing his claim on the solid assumption that language is the most fundamental aspect of a culture and
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Plan‚ perform and advise on a variety of external audit assignments in connection with financial and worksite enforcement. Perform audits of suspected criminal organizations and businesses for the purpose of substantiating compliance with laws and regulations. Provide technical assistance and analysis to Criminal Investigators and others. Review financial documents and employment documents. Conduct systematic examinations of financial records associated with financial and worksite enforcement investigations
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3. Contract Law “Is My Agreement an Enforceable Contract?” The Law of Contract involves answering 4 questions: (1) Is my agreement an enforceable contract? Are all of the elements of a contract present. (2) If so‚ what does it require me (and the other party) to do? - What “promises” have become terms of the contract. (3) Can I get out of it (without paying some form of penalty)? - Was the formation of the contract defective in some way (ie were there any ‘vitiating elements’ present)
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With the worlds population growing constantly quicker and more reliable ways to produce foods need to be made. Through hydroponics more plants and crops can be created in a shorter amount of time. "Hydroponics is an excellent method of conducting research with controlled conditions of nutrient availability." The problem is that if the exact amount of minerals are not used the produce may have negative side effects or unwanted results. Through the research of hydroponics the less fortunate can
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From the ACCA Professional Ethics module‚ I’ve learned that in order to make ethical decisions‚ we should consider all kinds of arguments that might influence us when we make decisions. This module is tailored to cover some situations that may face the professional accountant in their workplace. The interactive case studies allowed me to practice my ethical decision-making with feedback provided on my decision. This helps me to identify and to recognize my own personal ethics in any professional
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This document is not meant to be a substitute for a formal laboratory report. The Lab Report Assistant is simply a summary of the experiment’s questions‚ diagrams if needed‚ and data tables that should be addressed in a formal lab report. The intent is to facilitate students’ writing of lab reports by providing this information in an editable file which can be sent to an instructor. Observations When using 1.0 g of CaCl2·2H2O‚ stoichiometric calculations should give the following results: 1
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