A contract is a legally binding agreement or relationship that exists between two or more parties to do‚ or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must be backed with an acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and
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Area of law for this case is law of contract. Contract is defined of section 2(h) of the Contract Act (CA) as a contract is an agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation‚ which may have elements in writing‚ though contracts can be made orally. A contract is a legally enforceable promise or undertaking that something will or will not occur. The word promise can be used as a legal synonym for contract. Although care is required as a promise
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Contract closing a method of costing large projects‚ where the contracted work will run over several accounting periods Every organisation will have its own costing system with characteristics which are unique to that particular system. However‚ although each system might be different‚ the basic costing method used by the organisation is likely to depend on the type of activity that the organisation is engaged in. The costing system would have the same basic characteristics as the systems
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Explain the importance of the essential elements required for the formation of a valid contract in the following situations: P1.1 1. Temporary daily wages Worker doing work and following instructions from the supervisor 2. Tenant staying in an apartment 3. Contractor working on project site 4. Customer in an Amusement Park 5. Buyer and Seller of Consumer Product like Body Lotion Guidelines: You need to specify the essentials of the contract like written terms‚ verbal‚ implied etc
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There are six nutrients and all of these nutrients are very important to everybody’s health and you cannot live without them. The six nutrients are fruits‚ vegetables‚ dairy‚ grains‚ protein‚ and fats/oils. Fats are the ones that you should of course get the least of and fruits and vegetables are the ones you should get the most of. Grains and proteins are of course also necessary to every body’s health and well being. There are of course healthy and unhealthy ways to get these nutrients‚ but
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Many employers now require that employees‚ as a condition of being hired‚ sign employment contracts that contain non-compete or non-solicitation provisions. A non-compete provision prohibits the employee from starting a business in competition with their current employer (or perhaps also prohibiting the employee from going to work for a close competitor). A non-solicitation provision prohibits the employee from contacting the customers of the employer in hopes of taking their business away from the
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Methods/Procedures To test the original hypothesis‚ six observations were taken at many different times during the day. Observations were taken during the morning‚ mid-afternoon‚ and the evening. The data was collected on four different days. To make sure that the observations would be consistent and accurate‚ two sets of observations were taken around in the same time frame. The location and the weather were constant‚ while the time of day was altered since it was the variable that was being tested
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the darling called of nature seems to have adorned her lavishly by all her beauties and bounties. Our six seasons have contributed much to add to the surpassing beauty of Bangladesh. They have made our land a treasure-trove of bounteous nature. Nowhere in the world are the six season’s so sharply felt as in Bangladesh. Names of seasons: Bangladesh is favorite playground of nature decorated with six seasons. They are: summer‚ rainy season‚ early autumns‚ late autumn‚ winter and spring. They come one
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Associate Level Material Six Dimensions of Health Worksheet Part 1 For each of the following six dimensions of health‚ list at least one characteristic‚ activity‚ belief‚ or attitude that reflects that dimension in your life. Provide a brief explanation with each example. Refer to Ch. 1 in the text for explanations of these dimensions. Physical health: For my physical health I like to go hiking‚ and walking with my son. We live in a rather large apartment building‚ so on nice days we
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Contract Bundling 1. What is contract bundling? According to FAR 2.101 the definition of a bundled contract or bundling refers to the consolidation of two or more procurement requirements for goods or services previously provided or performed under separate smaller contracts into a solicitation of offers for a single contract that is likely to be unsuitable for award to a small business. What this really means is that contract bundling happens when two or more contracts intended for small businesses
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