Formation: For a contract to take place an offer has to be given to someone and he or she would have to accept it in written. The transaction in this case involves a sale of goods contract. “A contract of sale is a legal contract an exchange of goods‚ services or property to be exchanged from seller to buyer for an agreed upon value in money paid or the promise to pay same. It is a specific type of legal contract.’ (1) Offer: On May 1‚ Joseph received a written order from Steve at the price listed
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Elements of a Contract Scenario Jordan Roberson Eth 321 Jan 19‚ 2015 Timothy Morris Elements of a Contract Scenario Jack has to come to me with a business dilemma. Recently he purchased pieces of antique china for $150.00 from an older adult widow who was selling (to downsize for assisted living). Coincidentally‚ the adult daughter of the widow happened to visit his shop during one of his sales and saw the china‚ marked up with high prices. She advised Jack that the china shouldn’t have been
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The Essential Elements of Nonprofit Organizations Latavia ACC 380: Accounting for Non-for- Profit Organizations Instructor Lisbeth Bundli October 6‚ 2013 The Essential Elements of Nonprofit Organizations Many businesses have a purpose of providing and making money for stockholders and owners by providing services. As a result‚ the financial statements of these businesses allow stockholders and owners analyze and monitor the performance of the business. Nonprofit
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Essential Event Accessories to Make Your Special Occasion Unforgettable Planning the perfect event can be a lot of fun if you know which tools to employ. Making use of organizational tools is important‚ and so is finding the right setting for the occasion. Once you decide where to hold your event‚ you’ll want to be sure that the décor and other event accessories match the occasion and the tone you wish to set. By planning such details as far in advance of the intended date as possible‚ you can
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Gb519 Case Study Wk 1 Unit One: Case Study (MIP) Kaplan University – GB519 Measurement and Decision Making March 2010 What is the ROI for MIP based on original estimates? • Operating assets ( development costs were $140 million • Sales ( annual operating income was expected to be approximately $25 million ROI for MIP = 25 million / 140 million = .18% What is the ROI if Richard Lawrence’s new revenue projects are used? • likely generate operating income of just $17.5
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Eucalypus Oil Remedies. Eucalyptus opens the lungs and encourages breathing‚ clears clogged nasal passages and bronchial congestionmaking eucalyptus one of the best known cold remedies.Eucalyptol‚ one of its main constituents‚ is found in many over-the-counter cough drops. Eucalyptus oil is also a good pain reliever for sore muscles and arthritis pain. Remedies The eucalyptus oil is a multipurpose essential oil‚ that can be used as a home remedy for treating congestion and colds. Add 5-10 drops
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83 Introduction. Contract Law - its broadest aims. Contract Law in India all over the world has two primary functions. Even a lay person will be able to guess what these two functions are. Contract law is conceptualised‚ codified and enforced primarily for two reasons: Ensuring that contracts are formed legally and in keeping with the principles of justice‚ equity and good conscience; and specifying remedies for an injured party if the other performs a breach of the contract. The subject under
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There are four elements to a valid contract. 1. At least two separate parties entering into an agreement: The agreement can be between two people‚ or one person and a company or between two companies. 2. The parties are qualified to agree to the terms and conditions in the contract: The parties must be of legal age and have an understanding of what the contract is and details it outlines. 3. Both parties are receiving consideration or value from the agreement: This is most commonly
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brief insight into the four elements of a valid contract as well as the objective theory of contracts. It will also explain how the objective theory of a contract applies to this case. I will try to explain why the court held that there was not a valid agreement between the company and the Seattle man. The four elements of a valid contract Contracts are used in today’s world as a major part of interaction between individuals or companies and consumers. Contracts are often used within our professional
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What is psychological contract? To what extent is psychological contract applicable in the 21st century? Psychological contract‚ not written compared to legal contract‚ is mostly accepted by the two parties in the employment. In 21st century‚ since the nature of work has experienced a great change‚ psychological contract‚ which seems to have new content‚ is paid more attention to than before. It appears that a fair and positive psychological contract may contribute to success
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