CONTENTS 1. BACKGROUND: 1 2. CONTRACT: 1 2.1 VALID CONTRACT: 2 2.2 VOID CONTRACT: 2 2.3 VOIDABLE CONTRACT: 2 3. SALES CONTRACT: 3 3.1 SUBJECT MATTER (MAL): 3 3.2 CLASSIFICATION OF MAL: 4 3.3 CONDITIONS OF VALIDITY OF SALE: 4 3.4 PROHIBITED SALES: 7 3.5 KINDS OF SALE TRANSACTIONS: 10 3.5.1 BAY AL MUQAYADAH: 11 3.5.2 BAY AL MUTLAQ: 11 3.5.3 BAY AL SARF: 12 3.5.4 SALAM CONTRACT: 13 3.5.5 ISTISNA 16 3.5.6 MURABAHAH 19 3.5.7 BAY’AL-MUAJJAL 22 4
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Learning Contract 2 Purpose of the Learning Contract 3 Uses of Learning Contracts 3 Advantages and Disadvantages of Learning Contracts 4 Advantages 4 Disadvantages 5 Designing Learning Contracts 5 Conclusions and Recommendations 6 Conclusion 6 Recommendations….. …………………………………………………...6 References 8 Abstract Learning contracts are being used in post-secondary education. Adults approach learning as problem solving and in theory by implementing learning contracts‚ the student
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2.1 Definition of Proposal/Offer Section 2(a) of the Contract Acts 1950 provides that: “when one person signifies to another his willingness to do or to abstain from doing anything‚ with a view to obtain the assent of that other to the act or abstinence‚ he is said to make a proposal”. Eg: Ali advertised in Malay Mails that he will give a reward of RM100 to anyone who finds his pet. He signified his willingness to do an act‚ which is to pay a reward‚ upon certain terms‚ with a view of obtaining
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“Freedom of contract is the bedrock of English private law” Freedom of contract is defined as the: “Right of an adult to make a legally binding mutual agreement with one or more other persons‚ without governmental interference as to what type of obligations he or she can take upon himself or herself.”[1] English law has for a while now been known as believing in freedom of contract. This means that the state has not‚ normally‚ enforced legislation which has got in the way when it comes to the
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Sem‚1 2014– 2015 CONTRACT OF WADIAH SECTION: 03 ABSTRACT As students of fiqh for Economist‚ we have gathered enough information through lectures‚ analysis in internet‚ books and hadith come into a conclusion that contract of wadiah is very important contract for Muslim. This is because of the fact that the market for Islamic banking
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What is Contract? Discuss Essentials of Contact. According to Section 2 (h) of the Indian Contact Act‚ 1872‚ "A contract is “an agreement enforceable by law”. A contract therefore‚ is an agreement the object of which is to create a legal obligation i.e.‚ a duty enforceable by law. From the above definition‚ we find that a contract essentially consists of two elements: (1) An agreement and (2) Legal obligation i.e.‚ a duty enforceable by law. As per section 2 (e) "Every promise and every set of
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Introduction to Business Ethics 2. Ethics as an Academic Discipline 3. Importance of Ethics in Business as an Academic Discipline 4. The Case Against Business Ethics Education 5. Conclusion 0.2 STATEMENT OF THE PROBLEM Question 1: Discuss the importance of Ethics in business as an Academic Discipline. 0.3 EXECUTIVE SUMMARY In today’s highly competitive‚ performance-driven business climate‚ regulations are not enough; professional ethics codes are not enough; the old model of “business ethics”
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CONTRACT OF EMPLOYMENT This Agreement is entered into this 09th of February 2011 by between. New Life Pharmaceuticals Inc. PHILIPPINES‚ a corporation duly organized and existing under the laws of the Republic of the Philippines with office address at the 2667‚ Honduras Street Batangas Cor. Brgy. San Isidro Makati‚ Philippines‚ as represented by its General Manager Sreedhar Nagarajan hereinafter referred to as the “EMPLOYER”; -and- Sandeep Toshkani Indian of legal age‚ currently residing at
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CONSENSUAL RELATIONSHIP AGREEMENTS: LOVE CONTRACTS When we think of work its’ connotation leads us to think of our way of life. It’s our way to make money‚ keep a roof over our heads‚ as well as put food on the table. Over time‚ through many studies‚ it has become a known fact that America is one of the most work-oriented nations in the world. Americans have a reputation for spending more time at work than we do at home. With that in mind‚ why is finding love in the workplace considered something
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Topic THE IMPORTANCE OF CULTURAL FACTORS IN INTERNATION BUSINESS In the process of globalization‚ the world is getting smaller. The connections and interactions between countries or international companies are easier by cultural integration. For example‚ Google’s company was a small company in California before 2000. They then expanded their company in other countries such as Germany‚ Japan and they has boosted many different language versions of the site. Google has been considered as the largest
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