What is a contract? A contract is an agreement enforceable by law. 2. What is an agreement? An agreement is an arrangement between parties that creates legal obligations between them. Generally an agreement is said to be arrived at when an offer or proposal made by one person is accepted by another‚ with the intention of creating mutual obligations between them. 5. What are the essential features of a contract? Minimum two parties :- Atleast two parties are needed to enter into a contact
Premium Contract Contract law
The Business School | | Assignment Topic Due Date: Friday‚ noon‚ of week 8 Semester Two 2012 word count:1470 words 1.in this situation‚ first we need to identify if there is a legal binding contract‚ a contract is a agreement which the law will enforce‚ a contract is a part of common law‚ common law is also called custom law‚ it is made by the judge to protect the community against the crimes‚ when an issue goes to court and there is no statue law that covers it‚ a judge will hear the case
Premium Management Strategic management Marketing
Contract of the Encyclopedias Kaplan University Ls311-04 Business Law Unit 4 Professor Strauss Case Scenario Carrie offered to sell a set of legal encyclopedias to Antonio for $300.00. Antonio said that he would think about her offer and let her know his decision the next day. Norvel‚ who overheard the conversation between Carrie and Antonio‚ said to Carrie‚ "I accept your offer..” Carrie gave Norvel the books. The next day‚ Antonio‚ who had no idea
Premium Contract Contract law Common law
is a mere appendage of Eastfield Ltd. This being the case‚ it is necessary to examine the exact relationship between Capital Pty Ltd and Eastfield Ltd and determine the likelihood of the courts lifting the corporate veil. Separate Entity Salomon v Salomon & Co established the key principle that an “incorporated company is a separate legal entity from its founder‚ shareholders and directors”. To further this point‚ the Albazero case provided authority within a group of companies‚ whereby
Premium Corporation Subsidiary Parent company
a commercial building‚ damages of $1000 are payable. The completion is delayed by 20 days due to the fault of the contractor. How much can the innocent party claim if the actual loss suffered is $22‚000? Do you think generally‚ it is wise for a business to always have a liquidated damages clause? 2. At Your Service Pte Ltd is a big company which provides various travel related services‚ including overseas tour packages which are designed in-house. Tom‚ a customer‚ had booked a special in-house
Premium Breach of contract Contract law Judicial remedies
Waller Business Law Writing Assignment 3 Spring 2014 3-19-14 Chapter 13: Nebraska Beef‚ Ltd. V. Wells Fargo Business Credit‚ Inc. Case Concept Review: 1. How did the court determine that the offer was sufficiently definite? The offer of the Wells Fargo Business Credit‚ Inc. was submitted to Nebraska Beef in the form of a letter. When Nebraska Beef engaged in accepting a line of credit from Wells Fargo
Premium Contract Credit Wells Fargo
used mainly for transporting goods on public roads. S 3(2) a person is not a consumer if the goods (regardless of price paid) are acquired: -for the purpose of re-supply or -for using them up or transforming them‚ in trade or commerce (business) in production or manufacture or -repairing or treating other goods for fixtures on land. Crago v Multiquip Pty Ltd (1998) Ostrich egg incubator is not ordinarily acquired for personal‚ household or domestic use. Atkinson v Hastings Deering
Premium Marketing Costs Cost
1. Invested $70000 in business. 2. business purchased supplies and carpet the amount of supplies 500 and the amount of carpet was $50 paid in cash 3. The advertising of business on cash of 200 4. The business collected loan from bank of 8000 5. The business purchased truck of 9000 in cash 6. Business purchased 100 computer systems of 60000. The business pay 30000 in cash and the rest of amount will after 3 week 7. Business purchased supplies of $500 and write on note that will return after
Premium Accounts receivable Generally Accepted Accounting Principles Computer
Fatigue is a multidimensional symptom containing a cognitive (tiredness) and Physical (weakness) element or the patient may describe it as just having a lack of energy. It has a negative impact on quality of life. If a patient complains of tiredness in end stage COPD; one just has to discern if this is cognitive‚ leading to listlessness‚ low mood‚ loss of concentration and sleep disturbance or a physical weakness affecting ADL’s. The professional team starts with impeccable assessment including history
Premium
Smith but it cannot be enforceable by law. 09. Yes‚ Leitner’s proposal was supported by consideration because he was promised to pay 3‚500 within next 5 years‚ but his son refused to pay the partners the amount agreed on. 10. When the common object of a contract can no longer be carried out‚ the court may declare the contract has been frustrated. There are some ways of frustration. The names are given below: I. Destruction of an object‚ II. Changes of law‚ III. Failure of pre-conditions IV
Premium Contract Contract law