Definition Bilateral Contract A bilateral contract is a legal agreement formed between two parties where both parties involved give mutual promises that they both are legally obligated to perform an act in exchange for the other party’s act in future. It means the promise of one party is consideration supporting the promise of the other party. Each party is both promisor and promisee. A bilateral contract specifies a duty to act in exchange for another party’s duty to act. It is also called "reciprocal"
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Mutually Exclusive Events Two events are mutually exclusive if they cannot occur at the same time. Another word that means mutually exclusive is disjoint. If two events are disjoint‚ then the probability of them both occurring at the same time is 0. Disjoint: P (A and B) = 0 If two events are mutually exclusive‚ then the probability of either occurring is the sum of the probabilities of each occurring. Specific Addition Rule Only valid when the events are mutually exclusive
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As Target continues to respond to the security breach that has now been estimated to affect up to 110 million people by NBC News.com‚ analysts continue to zero in on the statements and actions by CEO‚ Gregg Steinhafel. And positively so. In the Wall Street Journal article titled‚ “Target Tried Antitheft Cards‚” authors Paul Ziobro and Robin Sidel highlight statements now being made by Steinhafel and actions taken in the past concerning chip-based credit cards. Although the article states that
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Hater T University Experience University at.... Fair This fall I attended the University sponsored fair. At first I was apprehensive about going but once I learned that about one hundred dollars from everyone’s tuition goes to these events I decided to make the most of my money. The fair was far from what I expected there were games‚ coasters‚ food and shows‚ all this for free. I played in the carnival games and won a purple stuffed animal for my girlfriend at the time. Then my group
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A divorce is a legal action between married people to terminate their marriage relationship. It can be referred to as dissolution of marriage and is basically‚ the legal action that ends the marriage before the death of either spouse. A legal separation is a lot like a divorce. It involves the same process of filing papers with the court to start a legal action and the court has to make the same decisions about children‚ debts and assets as in a divorce. However‚ at the end of the process the
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Janil Gada MBA MC1 - 0016 10 Genres of Events 1. Entertainment & Leisure Events: * Parikrama * Vedas * Nirvana * Swedish House Mafia * Nichelback Rockstar * David Guetta * Norah Jones concert * Sun Burn * Tomorrow Land * Burning Man * Boom Festival * Nakshatranche dene * Sur aur taal * Sa re ga ma pa * Indian Idol 2. Government & Civic Events: * MNS campaign * Election campaigns * Barack
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taxpayers in understanding the Treasury Department’s interpretation of the code‚ including the Regulations. In turn‚ the Internal Revenue Service ("IRS”) has the direct responsibility for implementing the tax Code and in assessing and collecting the applicable tax from taxpayers. In the course of its duties‚ it also develops a number of materials‚ including Revenue Rulings‚ Revenue Procedures‚ and Private Letter Rulings‚ in which it sets forth its understanding of the tax laws. Finally‚ the federal
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A valid contract consists of all essential components which present and the court will enforce as a legally binding promise . One of the elements contract to create a contract is agreement which included an offer and acceptance. “Acceptance is a final and unqualified assent to the terms of the offer‚ made in the manner specified or indicated by the offeror” . Acceptance may be express orally‚ in writing‚ occasionally‚ or even by implied from the offeree’s conduct. In communication of acceptance‚
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10 CONTRACT LABOUR IN INDIA INTRODUCTION 10.1 The system of employing contract labour is prevalent in most industries in different occupations including skilled and semi skilled jobs. It is also prevalent in agricultural and allied operations and to some extent in the services sector. A workman is deemed to be employed as Contract Labour when he is hired in connection with the work of an establishment by or through a contractor. Contract workmen are indirect employees; persons who are hired‚ supervised
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unlawful means to induce BOAC to terminate his contract. The strike was alleged to be the unlawful means. -The case was almost immediately reversed Miliangos V George Frank Textiles George Frank Ltd was a Swiss textile producer who sold and delivered textiles to Miliangos‚ textile trade located in England. Miliangos refused to pay for the textiles. George Frank sued Miliangos in England for the amount of the debt in the currency of the contract which was Swiss francs. -Overruling a decision
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