Latimer defines consideration as “something for something” or the exchange of promises from each party-from the promisor to the promise-which turns the agreement into a contract. Contracts are the basis of the business and therefore understanding the law of contract is essential for persons wishing to engage in business. There would be no business without contracts. To make a contract legally enforceable six prerequisites should be followed. They are intention to create legal relations‚ agreement‚ consideration
Premium Contract Common law
2.3 Parallel teaching in the course There is no parallel teaching involved in this course. 2.4 Relationship of this course to others BA167IU – Introduction to Vietnamese Legal System is pre-requisite subject to other Law subjects‚ such as Business Law and Legal Environment for Businesses‚ as well as other elective courses such as Franchising. 2.5 Approach to learning and teaching This is a foundation course so materials will be mainly presented in the form of lecturing. Besides
Premium Law
History of Contract in India The Third Law commission of British India formed in 1861 under the stewardship of Chairman Sir John Romilly‚ with initial members as Sir Edward Ryan‚ R. Lowe‚ J.M. Macleod‚ Sir W. Erle (succeeded by Sir. W.M. James) and Justice Wills (succeeded by J. Henderson)‚ had presented the report on contract law for India as Draft Contract Law (1866). The Draft Law was enacted as The Act 9 of 1872 on 25th April 1872 and the Indian Contract Act‚ 1872 came into force with effect
Premium Contract
BY-LAWS (ON PROFESSIONAL ETHICS‚ CONDUCT AND PRACTICE) OF THE MALAYSIAN INSTITUTE OF ACCOUNTANTS Malaysian Institute of Accountants Dewan Akauntan‚ No. 2‚ Jalan Tun Sambanthan 3‚ Brickfields‚ 50470 Kuala Lumpur‚ Malaysia. Website: www.mia.org.my (AMENDED AS AT 15 JUNE 2012) By-Laws (On Professional Ethics‚ Conduct and Practice) of the Malaysian Institute of Accountants [Issued December 2010] PREFACE The Revised By-Laws (On Professional Ethics‚ Conduct and Practice) of the Malaysian
Premium Profession Accountant
Business Law & Bankruptcy Assignment #4 Aquaman is president of a marine research company called Underwater Leagues‚ Inc. When his company conceived a dramatic new invention‚ he held off announcing the discovery until he bought 50‚000 shares of Underwater Leagues at $10 per share. After the announcement‚ the share price skyrocketed to $50 per share. The shareholders of Underwater Leagues‚ Inc. bring a derivative action suit against Aquaman claiming breach of fiduciary duty for violating 17 C.F.R
Premium Stock Stock market Shareholder
Laws are created to maintain equality‚ stability‚ and structure. To maintain order in society‚ laws are established as is punishment for disobeying these laws. Laws are broken down by classification and to some degree‚ may interact with one another. Substantive law sets the ground rules for individuals whereas procedural law is the policy on how to carry out the rules. Criminal law is for the protection of society and civil law is to serve the purpose of compensating someone for a loss due to the
Premium Law Common law United States
To explain the connection between masculine hegemony and gender myths I will be referencing to Walklate chapters five and six. The gender myth that still exists is that men are the leaders and smart were women are not rational or logical. For example‚ the myth that men are leaders connects with chapter five were they stated that policing is a male dominated organization. The criminal justices segregates men and women with vertically segregation describes as‚” higher one moves up the organization
Premium Gender Gender role Woman
Business Law Name: Course: Instructor: Date: Business Law Legal Issue Both parties entered into a legally binding contract. The legal issue is a breach of contract. For a contract to be legitimate‚ it must have the following three elements; an offer must be made; there must be acceptance‚ and finally there must be consideration. Facts: The defendant entered into a legal agreement with the plaintiffs‚ Jackson Boris and Klara Koop. The defendant made an offer
Premium Contract
Admin Law Outline Overall Analysis 1. Enabling Statute—What was Congress thinking? 2. Constitutional Questions 3. Is informal rulemaking (quasi-legislative) or formal rulemaking (quasi-adjudicative) appropriate? 4. Is there sufficient notice? The red highlighted material will not be covered on the exam although it is important information for understanding Admin. law. 3 ½ hrs. to complete exam. I. The Origin and Mandate of Administrative Agencies Purpose 1. Regulate personal behavior of
Premium Separation of powers Government agency Law
analyse the concept in order to establish which would be most appropriate. While some people advocate that discrimination on the basis of pregnancy is the best vehicle under which to take action‚ others are of the opinion that this could lead to the law of discriminations‚ particularly direct discrimination‚ being completely undermined. At the time the concept of pregnancy discrimination being introduced as sex discrimination it was however generally viewed as a welcome alternative to the inadequate
Premium Discrimination Pregnancy Gender