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    Authority

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    Is it necessary to challenge authority? Without question‚ it is vital to challenge the ideas and decisions of people in positions of authority. If one does not question authority‚ the people of the so called “no in positions of authority” would become mindless slaves to tyrants and despots. World history‚ literature‚ and American History all exemplify the necessity of questioning authority. During ancient Greece in the 200 BCE’s‚ modern logical thinking began to see its birth. The man known for

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    The Louisiana Purchase

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    1. Describe the events leading to the purchase of the Louisiana Territory in 1803. Discuss the terms of the treaty and how Jefferson reconciled his strict interpretation of the Constitution with the acquisition of the territory. Before the Louisiana Purchase in 1803‚ the entire Louisiana territory covered what is today known as the Midwest. The purchase of the land was a monumental step in the expansion of the United States. Thomas Jefferson became the 2nd president of the United States

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    The authority of an agent is the act which he is allowed or authorised to do by his principal‚ and which will bind his/her principal. Usually‚ the principal will only be bound by the act of the agent if the agent acts within his/her authority. There are two types of authority which an agent could rely on‚ namely actual authority and apparent or ostensible authority.  Actual authority is the authority given by the principal to the agent and could be in written or oral form. The capacity of an

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    contracts agreement

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    Agreement Offer The offer must be communicated by the offeror or an authorised agent of offeror to offeree: Henthorn v Fraser However‚ it is not necessary for an offer to be made to a specific person or a class or group of people. An offer can be made to "all the world"‚ in which case the offeree is regarded as a member of the general public: Carlill v Carbolic Smoke Ball When an offer is made‚ the term of the proposed contract must be communicated to the offeree: Thornton v Shoe Lane Parking

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    Louisiana Purchase

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    Christian Ruiz Mr. Kelley Period1 14 February 2013 Louisiana Purchase On April 30‚1803 the Louisiana territory‚ which was a third of the land for the new nation we call America‚ was purchased from France for fifteen million dollars. This helped fund Napoleon’s war against Great Britain. Thomas Jefferson made this decision because Jefferson did not want any other nation ruling in that territory‚ because Jefferson did not want to feel threatened with natives from the new land and France trying

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    Capital Purchase

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    rental in operating condition. The main goal of a capital purchase is that the lifetime of that product will extend beyond the year of purchase. After purchased the product is called a capital asset. Capital assets are all tangible property which cannot easily be converted into cash and which is usually held for a long period‚ including real estate‚ equipment‚ etc. (Finkler‚ Kovner‚ Jones‚ 2007). Capital assets and money used to purchase such items are treated differently than that of the operating

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    Hire Purchase

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    HIRE PURCHASE SYSTEM A trader could sell goods either for cash or for credit. For goods sold on credit‚ the payments may be made by the buyer in lump sum on a future date‚ or in installments spread over for a specified period of time. When goods are sold on credit‚ for which payment is made by the buyer in installments over a period of time‚ it is called purchase system or installment system. Hire Purchase System defers to the system wherein‚ the seller of goods delivers the goods to the

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    Contract and Agreement

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    contract is a legally binding agreement. Stated another way‚ "a contract is a promise or a set of promises for the breach of which the law gives a remedy‚ or the performance of which the law in some way recognizes as a duty." (Restatement‚ Contracts‚ 2d) study hint. The essence of a contract is that (1) by mutual agreement (2) parties create obligations that can be legally enforced. 2. ELEMENTS OF A CONTRACT Elements of a valid contract are: (1) an agreement; (2) competent parties; (3)

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    Options and Futures

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    Options & Futures I. Introduction to Derivatives Prof. Domenico Cuoco Term 5‚ 2013 What is a Derivative? Basic Types of Derivatives The Market for Derivatives Outline 1 What is a Derivative? 2 Basic Types of Derivatives 3 The Market for Derivatives Options & Futures‚ Prof. Domenico Cuoco‚ 2013 I. Introduction to Derivatives 2 What is a Derivative? Basic Types of Derivatives The Market for Derivatives What is a Derivative? Derivatives and Contingent

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    distribution agreement

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    Case Study #3: Distribution Agreement Shed some light Raynonplus is a small‚ family-owned eyewear business located in Ottawa‚ Ontario‚ Canada. Started by Pierre Dupuis in 1952 under the name of Visionplus‚ the company has been exclusively owned and operated by the Dupuis family for over 50 years. Currently‚ the business—a sole proprietorship—is owned and managed by Gerald Dupuis‚ grandson of the original entrepreneur. The Dupuis’ changed the business name in 1957 to capitalize on a trend

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