CONTRACT LAW NOTES It is a legal enforceable agreement entered into by two or more different persons with legal capacity. The parties should have serious intention to create legally binding obligations. Their agreement needs to be within parities’ contractual capacity. Furthermore‚ parties should communicate such intention without vagueness each to the other and being of the same mind to the subject matter. Essentials of a contract a) it should be lawful b) possible of performance c) within
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Stalin rather than Trotsky emerge as leader of the USSR in 1929? A power struggle for control of the Bolshevik party began after Lenin’s death in 1924. Among the contenders for the role‚ two of the most powerful names in this struggle were Leon Trotsky and Joseph Stalin. Ultimately‚ Stalin was able to secure power and vote out Trotsky by being politically skilful and cunning however most importantly he was lucky. First of all‚ Stalin was lucky. Trotsky remained ill for most of the power struggle
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BREACHING A CONTRACT First What is a Contract? A Contract is defined as a binding agreement between two or more persons or parties; Especially; One legally enforceable. When signing a contract the person signing signs the contract‚ to render services for a certain amount of time or for a certain amount of material‚ which is labeled a term in the agreement. In every contract there are certain duties and rules that are to be followed and obeyed. When disobeyed or rules are broken then that leads
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CONTRACT LAW – LECTURE 4 Promissory estoppel Is about the enforceability of all alteration promises (promises to pay more and promises to accept less) and by contrast estoppels does not apply to promises about the formation of initial contracts Ex. If a creditor promises to accept a smaller sum in full settlement intending the debtor to rely on that promise‚ and the debtor does rely on it‚ the debtor may have a defence of promissory estoppels when sued for the balance by the creditor. The promise
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A R T I C L E www.hbr.org 3-D Negotiation Playing the Whole Game by David A. Lax and James K. Sebenius Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 3-D Negotiation: Playing the Whole Game 13 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Product 5372 3-D Negotiation Playing the Whole Game The Idea
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Illegal Contractual Terms and Restraints of Trade in Contracts When dealing with contract law‚ many problems can arise. There can be illegal terms in the contract or it can just be void. There are restraints on trade which include limiting employees from competing against their employers post employment and so on. Throughout this essay‚ these restrictions will be analyzed. The difference between illegalities‚ voids and restraints will be presented‚ along with cases to provide examples.
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CELL PHONE NEGOTIATIONS Rick Barton Organizational Communication – MGT/557 March 15‚ 2013 James M. Scurlock Cell Phone Negotiations An all-male negotiating team from the United States is negotiating with an all-female team from China for a cell phone contract. The American team is looking for a price of six dollars per unit while the Chinese team is offering nine dollar per unit. In order for the teams to come to an agreement‚ gender‚ the relationship and cultural dynamics personalities
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Real World Negotiation - A Family Vacation All Inclusive‚ 7 night vacation in the Mayan Riviera; heaven… with family! A total of 15 people decided to plan a vacation. Throw a few people that are extremely stubborn with a few that are picky and some that are price sensitive and you have a messy multiparty negotiation. Luckily we all agreed on the location quickly as most of the group has not travelled there before. Out of the 15 people‚ 7 were the decision makers / negotiators – those are
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Smoking has become a debatable topic in recent years‚ with everyone having his or her own opinion of the issue. There is a sudden push to get everyone to stop smoking. In her essay "I ’d Rather Smoke than Kiss" Florence King takes on the anti-smokers and the way they are treating smokers today. Florence King states how misanthropes (someone who hates people)‚ or "smokists" (King 134) are brutally attacking the society of smokers. In "Smokers on the Run"‚ the first of three sections in the essay
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APPENDIX A. Economic Nationalism or Economic Internationalism: Which path should the Philippines adopt? No complete realization of either is practicable. We must understand the real alternatives clearly. Therefore‚ the choice should not be between a complete suppression of international trade on the one hand and its complete freedom on the other. Rather we shall look at the restrictions present in status quo which walls our path to development. In the context of constitutional reform‚ the
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