money or others. However‚ there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom the promise is made. The term consideration is given to the subject that is exchanged in a contract.1 It is a fundamental prerequisite in English contract law. 2 The courts
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believe that you can tell a lot about a person by observing what they wear. Is this true? A man in a nice pressed three-piece suit‚ carrying an expensive briefcase is obviously a businessman‚ right? A woman wearing a long ruffled colorful dress‚ with many jewelry pieces around her neck and wrists and colorful beads braided onto her hair must be a hippy or a gypsy‚ right? It is easy to label people based on how they dressed‚ sometimes too easy. Let’s face it; the first thing you do to a person
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Friendship The short story “After twenty years” is a classical story written by O. Henry. The story is about the two characters that were actually best of friends. They grew up in New York until lost sight of each other. One of them leave the place and tried to live in West to make easy money‚ thus he ended up being a criminal in Chicago while the other man felt that his place in his hometown is better and he ended up as a policeman. The two friends made a promise that after twenty years both of them will
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Ever wonder where the quotes‚ “Monkey See‚ Monkey Do” and “You Are What You Eat” came from? Although they may sound funny‚ there is truth in both of these statements. When children watch TV‚ do they pay attention to how each gender is being illustrated? Growing up‚ children watched Batman and Scooby-Doo. Children imitated what they saw on TV. Little boys tied bath towels around their necks trying to save helpless girls‚ and little girls played with dresses and makeup like Daphne. These shows start
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and requiments of land registration for conveyacing solicitor and conveyacing practitioner. It is now compulsory to register all land and overriding interests in land as part of the conveyancing process on transfer of a property from one owner to another and the Land Registration Acts set out how the registration process should be dealt with by convenyancing solicitors3.Why is registration important? “Registration establishes proof of ownnership and produces an easy-to-read document reflecting the
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Contract Law Name BUS 311 Business Law I Professor Date The law of contracts has been a part of our culture for a long time. Contracts are an agreement‚ either written or spoken‚ with a company or person to do something that is agreed upon with binding terms. Contracts are the glue that keeps the world of business together. They bind employees and companies‚ consumers and producers‚ and suppliers and wholesalers. A contract can vary from country to region or even jurisdiction‚ but a
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void contract under Nepalese contract act by illustrating the cases. According to Nepalese Contract act 2056‚” A contract is an agreement between two or more persons to do or not to do something‚ which can be enforceable by law.” The supreme court of Nepal has defined the contract as “an agreement of two or more parties with conditions.” The word void means not binding in law. A contract which cannot be forced by both of the contracting parties is called a void contract. If a contract which
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distinguished from offers because they contain no demonstration of present intent to form contractual relations. No contract is formed when prospective purchasers respond to such terms‚ as they are merely invitations or requests for an offer. Unless this interpretation is employed‚ any person in a position similar to a seller who advertises goods in any medium would be liable for numerous contracts when there is usually a limited quantity of merchandise for sale. An advertisement‚ price quotation‚ or catalogue
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new is the ongoing shift in mindset that has diluted the value of personality testing during the hiring process and only finds a value in using personality testing after the candidate has joined the organization. This will be challenged by first providing a brief history on the Myers-Briggs Type Indicator (MBTI) and reviewing the years of dedicated research that went into the development of the test. Second‚ it will reveal the correlations of the test results to job requirements through specific examples
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CONTRACT AND RELATED OBLIGATION Prof. Hillman I) Theories of Obligation A) CONTRACT: Agreement with Consideration – Bargain Theory of Consideration Definition: A promise that is supported by consideration because the promisor gets something (extracts) from the promissee in exchange for the promise. Ex: I tell Alice I will sell her my piano for 400 dollars and she agrees. I promised my piano in exchange for something (400 dollars) therefore my promise is enforceable. 1) Bargained
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