CONTRACTS IN BUSINESS On the 10th of September an offer was distinguished between Huddersford Electronics Ltd (HE ltd) and Gem Computer Stores (GCS). The offer was an invitation to treat as there is an entitlement that an offer could accepted and therefore‚ a contract could be formed. An offer is formed as HE ltd posted an offer to sell 10 laptops to GCS‚ keeping the offer open until the 24th September. A statement is made by HE ltd who is giving information to GCS expressing an intention to sell
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causes her losing a considerable sum of money. The main issue in this question is whether Theresa able to sue for her damages. Law and Implication For there to be a valid contract between Theresa and AirMalaysia‚ there must be a proposal‚ acceptance and consideration. Proposal is defined in Section 2 (a) Contract Act 1950 as when one person signifies to another his willingness to do or to abstain from doing anything‚ with a view to obtaining the assent of that other to the act or abstinence
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disadvantage of the sale-leaseback is that the seller transfers title to the buyer. Owners can minimize this disadvantage by including a repurchase option in the leaseback. However‚ a repurchase option changes how the sale-leaseback arrangement is reported for accounting purposes. The lease will be recorded as an asset and capitalized‚ and the obligation to make the future lease payments will be shown as a liability. At the end of a lease without any renewal options‚ the seller may have to negotiate
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not think it is the right thing to do. When my children asked me if Santa was real I gave them the correct answer. I personally think lying is wrong and that we should always tell the truth. On the flip side I think there may be times when it is ethically right to lie. I hold a Top Secret Clearance and I am often asked questions in which I seem to have to morally lie in order not to divulged sensitive information that is vital to the National Security of our country. Is it right or wrong? I believe
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CSR as Social Obligation Over the last century‚ many scholars tried to conceptualise CSR and its management applications. Bowen (1953) was the first to launch the concept of CSR as a social obligation. According to him‚ CSR is a social obligation “to pursue those policies‚ to make those decision‚ or to follow those lines of action which are desirable in terms of objectives and values of our society”. Carroll (1979)‚ following Bowen’s thinking‚ identified four stages of CSR development: economic
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the major reasons for using sales contests. What makes a good sales contest? • Increase number of new customers • Develop sales of a new products • Counteract sales slumps due to seasonal variations • A good sales contest needs to have realistic goals‚ should be publicized and promoted‚ not too long of duration (approx. 2 weeks‚ if runs too long interest is lost)‚ give the reps prizes that they value‚ don’t make it so only the top sales people win. 1.13Identify
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[pic] “CONTINGENT & QUASI CONTRACTS” [pic] Contents 1. Contract. 2. Types of contract. 3. Contingent contract. • Definition. • Illustration. 4. Essentials/characteristics of contingent contract. 5. Rules regarding contingent contract. 1. Uncertain event. 2. Impossible event. 3. Performance dependent on non-happening of
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After reflecting on Cantor and Baum’s essay‚ I began to think about the ethical nature of one’s obligation to fill prescriptions. What is a pharmacist’s obligation to fill or refer a patient to get a prescription filled? Though it may go against pharmacists religious or moral beliefs to fill certain prescriptions‚ it is a pharmacist’s duty to fulfill that promise. I will explain my arguments and give a counterargument for conscientious objection. I will also explain how pharmacists are able to do
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This contract‚ entered into on the ____ of _________‚ 2012‚ is for the professional recording of ‘Projects’ represented by Samantha (client) for the recording session described below. The undersigned employer (S.N.E.) and the undersigned client agree on the contract as follows: Client agrees to be personally and individually liable for the terms of this contract. S.N.E hereby engages and employs musicians for exclusive personal services‚ providing them with a wide range
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the futures market hedges to prevent a loss in a business transaction‚ but also gives up: a. A sizable fee to the exchange b. The loss on the futures contract c. The opportunity to gain from a favorable turn in prices of the item d. The potential gain on the futures contract. 4. All the following are risks associated with futures contracts except: not good question a. Margin risk b. Basis risk c. Price risk d. Manipulation risk 5. What action would the holder of a maturing (expiring)
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