Business Law 265 Spring 2008 Exam #1‚ February 26‚ 2008 1. Jerry sent a letter containing an offer to sell his mountain bike to Bill for $300. This letter was sent on Oct. 1 and it was received on Oct. 4. On Oct. 5 Bill sent a letter to Jerry accepting the offer. But then Bill changed his mind; on Oct 6 Bill sent a message by personal messenger to Jerry‚ rejecting Jerry’s offer. The messenger delivered the rejection and it was received by Jerry on Oct. 7. The letter containing Bill’s
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which are not thereby declared void. The following are elements of a contract. I. Offer II. Acceptance III. Intention to create a legal relationship. V. Capacity to contract. VI. Free consent. VII. Lawful object. VIII. Legal formalities. IX. Possibility of performance. X. Not expressly declared void. OFFER A contract comes into existence when a definite offer has been unconditionally accepted. Mode: The offer can be
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The research by Dirks-Linhorst‚ Groom & Linhorst (2012) focused on the effectiveness of substance abuse treatment as an intermediate sanction on probationers in a jail setting who had been previously unsuccessful in completing community based treatment. Dirks-Linhorst et al. (2012) sought how this established method of treatment would differ among two separate groups of state probationers. One group of probationers was sent directly to jail upon their conviction and would participate in the Choices
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LAW OF CONTRACT Thursday 9:00 Summer Term‚ 2014 Lecturer and Module Co-ordinator: John Halladay Texts: Poole‚ Textbook on Contract Law McKendrick‚ Contract Law Casebook: Both Poole and McKendrick have casebooks which are very good. There are also many others on the market. Statute book: There are not many statutes in the course but there are some and this will be useful for the exam. Any Contract or Commercial Law statute book should do. A. WHY CONTRACT?
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market. The problem emanates from the action of the stakeholders that revokes a signed contract with Royale Regale Properties a consulting group supposed to manage the hotel for ten years and decide moving into franchise with Marriot Hotels. The revocation came amidst the consulting group preparation to host the city festival in launching the hotel products into the competitive market. To justify stakeholder’s decision‚ the senior management applies a systematic decision making process of properly
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Continuous Assessment Subject : Foundation of Financial Planning Title : Code of Coduct for Personal Financial Planner Student name : LEUNG KONG SANG (HUGO) Student number: 30124326 Company Handbook ABC company certificants handbook Issue date: 13-10-2012 To ABC COMPANY certificants: This is our new Certificant Handbook. Please review it and sign the attached acknowledgment and drop the acknowledgment in Officer’s inbox. You may keep a copy of the Handbook if you wish
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Contracts of record (court records) Contracts under seal (ie deeds‚ gratuitous comments) 2. Simple contracts In writing Evidenced in writing No requirements SIMPLE ROADMAP Intention? Agreement? Consideration? FORMING A CONTRACT Offer - an offer must be made Acceptance - offer must be accepted Intention - the parties must intend to contract Consideration - must be provided. REMEDIES termination of a contract - available for serious breaches damages - innocent party gets monetary compensation for the
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The Edict of Nantes was put in on April 13‚ 1598 by Henry IV of France. The Edict of Nantes gave the huguenots or the Calvinists protestants basic rights in a majority Catholic state. In the Edict of Nantes‚ Henry tried his best to push unity among the people. The Edict of Nantes treated some of the people with tolerance‚ and the Edict opened up a way for secularism to creep in. Louis XIV revoked the Edict of Nantes and he also demanded all the Huguenot churches and all of the protestant schools
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capacity. An agreement is made when there is an offer with the intent to be bound by the offer‚ reasonably definite terms‚ and communication of offer to offeree by offeror. The offer could be terminated either by revocation‚ rejection‚ expiration‚ or operation of law. Brian can argue that there was no agreement to begin with‚ and thus there was no contract. There was no offer made (the advertisement in the LA Times for the seminar was not an offer but an “invitation to negotiation”)‚ and reasonably
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of promises forming consideration for each other. A promise is a proposal when accepted; therefore an agreement consists of a proposal or offer from one party and its acceptance by another. According to SALMOND‚ a contract is “An agreement creating and defining obligations Between the parties” Contract = Agreement + Enforceability by law Agreement = Offer + Acceptance Obligation An agreement‚ to become a contract‚ must give rise to a legal obligation or duty. The term ‘obligation’ is defined
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