Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
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LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
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1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
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Importance of learning organization in the 21st century 3 2) The Learning Organization from the aspect of Public Sector (Government) 4-5 3) The Structural Approach of the Organization towards Learning Organization 6 Information Systems: 7 Mission Orientation 7 Decision Flexibility: 8 Learning Forums: 8 Adequacy of Resources: 9 4) The Cultural Approach of the Organization towards Learning Organization 9 Conclusion 10 References 11 Introduction In the study of private sector firms
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Running head: RIORDAN CORPORATE COMPLIANCE PLAN 1 Riordan Corporate Compliance Plan Napoleon Melton‚ Jr. LAW/531 January 17‚ 2011 Terry Turner RIORDAN CORPORATE COMPLIANCE PLAN 2 Riordan Corporate Compliance Plan Riordan Manufacturing is wholly owned by Riordan Industries‚ a Fortune 1000 enterprise based in San Jose‚ CA. Riordan produces plastic beverage containers at its Albany‚ GA plant‚ custom plastic parts at its Pontiac‚ MI plant‚ and plastic fan parts at its Hangzhou‚ China
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Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
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Based on what I learned from this module‚ the concept that is most important to me is Individualized Consideration from Transformational Leadership. According to the lesson principles‚ individualized consideration is the degree to which a leader attends to each follower’s needs‚ acts as a mentor or coach to the follower‚ and listens to the follower’s concerns. When applying individualized behaviors it is essential to actively participate in discussing and empathizing with the needs of the follower
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Cultural Considerations of the Opening of Shanghai Disneyland Case Study Assignment 2 Course Coordinator – IBS210 – The Principals of International Business Tutorial – Student – Due Date – 22 April‚ 2013 Word Count – 1031 words (excluding references) Cultural Considerations of the Opening of Shanghai Disney Shanghai Disneyland resort opening 2015 will have the biggest and tallest Cinderella castle in the world. The key players are the Chinese government‚ Disney‚ Shanghai Shendi Group and
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Abstract Cultural leadership is a diverse subject to touch upon. This aspect of leadership is constantly growing and changing. People should not look into cultural leadership with biased opinions. Dividing cultural leadership into sub groups just gives people an opinion on how to look at people differently. Cultural leadership should be looked at as a whole‚ as we are one‚ working together‚ with the same goal - to be successful. Cultural leadership profiles are used to classify what followers expect
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It is believed that these factors influence beliefs‚ emotions‚ behavior and success. It is imperative for companies to be aware of cultural differences in order to be successful. Managers should explore how culture affects leadership styles and practices. There are many cultural value concepts that influence leadership style. In Hofsted’s ground breaking cultural study he defined four different dimensions of culture‚ one of them being Power Distance. “Power distance refers to the extent that power
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