the American one‚ United Kingdom’s (UK) and Hong Kong’s (HK) do not recognize the approach of general principle of good faith in contract law‚ as illustrated in Walford v Miles1. Yet‚ good faith should be promoted in UK and HK because one should value fairness in the whole course of dealing‚ from the point of pre-contractual negotiations till the discharge of he contracts. This essay aims at showing the merits of a good faith doctrine and possible implications on the UK and HK legal system so as to
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Contract is an agreement between two or more competent parties in which an offer is made and accepted‚ and each party benefits. No contract can come into being unless the following features exist: an actual offer‚ an acceptance‚ consideration (this means that each party will contribute something of a material value to the bargain) and an intention to create legal relations. The agreement can be formal‚ informal‚ written‚ or just plain understood. (a) For a contract to exist the offer must be made
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Law & Economics Family law: Marriage & contract Contents Part 1. 1. Introduction to Family law in France. 2. Conditions for Marriage between two persons. 3. Obligations out of Marriage. Part 2. 1. New law & Economics 2. Formation and dissolution of marriage 3. Law & Economics explanation in Contract law Part 3. 1. Gay marriage 2. Freedom of establishing Contract Introduction: There is multiple definition of “family” reflecting the
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Standout individual Australians at the Olympics include sprinter Betty Cuthbert and swimmers Murray Rose and Dawn Fraser. • The 1950s were a stand-out decade for Australian sport. • Sporting success‚ particularly on the world stage‚ has enabled the creation of a distinct national identity. • Australia reigned supreme in world tennis and cricket throughout the 1950s with stars
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unlawful means to induce BOAC to terminate his contract. The strike was alleged to be the unlawful means. -The case was almost immediately reversed Miliangos V George Frank Textiles George Frank Ltd was a Swiss textile producer who sold and delivered textiles to Miliangos‚ textile trade located in England. Miliangos refused to pay for the textiles. George Frank sued Miliangos in England for the amount of the debt in the currency of the contract which was Swiss francs. -Overruling a decision
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coast. While the Centre has given its approval to the project‚ details regarding environmental issues have to be worked out. NGOs opposing the project are mobilsing the support of residents‚ citing threat to mangroves. 15 T H JJ A NU A R Y220 13 1 5 TH AN U ARY 013 T UE SDAY T U ES D A Y BMC to acquire blastproof bins BMC is planning to install around 10‚000 explosion-proof garbage bins at over 2‚500 locations in the city. Officials said the bins were heavy metal and could endure explosions
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Contract Classification | Basis of Defect | Status of Contract | Legal Effects | Prescriptive Period | Ratifiability | A.Rescissible1. Contracts entered into in behalf of wards 2. Contracts agreed upon in representation of absentees 3. Contracts undertaken in fraud of creditors a. existing credit prior to the contract to be rescinded b. fraud on the part of the debtor c. creditor cannot recover his credit in any other manner 4. Contracts which refer to things under litigation
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A futures contract is a commitment to make or take delivery of a specific quantity of a commodity or other financial obligation at a predetermined place and time in the future. All terms of the contract are standardized and established beforehand‚ except for the price‚ which is determined by open outcry in a pit or ring on the exchange trading floor of a commodity exchange. All contracts ultimately are settled either through liquidation (by offsetting purchases or sales) or by the delivery of the
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In the Prologue of Act 1 Scene 1 of Romeo and Juliet‚ Shakespeare uses poetic devices to successfully outline the setting‚ and main plotline of the play. The prologue is delivered to the audience in the form of a sonnet. As the sonnet is a form of traditional love poem‚ the use of this style of poetry gives the reader/listener a basic understanding of the narrative’s themes prior to the extraction of meaning from the written/spoken words. Through this choice of poetic form‚ Shakespeare sets the
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Markets 1. Which of the following is true (circle one) a) Both forward and futures contracts are traded on exchanges. b) Forward contracts are traded on exchanges‚ but futures contracts are not. c) Futures contracts are traded on exchanges‚ but forward contracts are not. d) Neither futures contracts nor forward contracts are traded on exchanges. 2. Which of the following is not true (circle one) a) Futures contracts nearly always last
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