CONTRACT LAW INTRODUCTION The Law of Contract governs the relationship between individuals in a wide range of circumstances. Everyday actions often involve making contracts and therefore the law has simple foundations. Contract law covers everything from simple shopping to large commercial deals and case law is wide in the matters that it covers also. Contracts are made by ordinary people in everyday situations many times a day e.g. buying a magazine‚ shopping‚ parking the car etc. Usually
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in the entertainment business providing models and dancers for the industry. In the meantime‚ they entered into a contract of employment with Tyra. Tyra is to act as their event manager. The terms of the contract states that Tyra will be paid RM10‚000 a month and will continue to work with the company once the company has been formed‚ for a period of three years. Three months later‚ a company known as CayoteUgly Bhd (CUB) was formed. CUB’s MOA expressly states that the business of the company is to
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Northwest Brands‚ Inc.‚ is a small business incorporated in Minnesota. It’s one class of stock is owned by twelve members of a single family. Ordinarily‚ corporate income is taxed at the corporate and shareholder levels. Is there a way for Northwest Brands to avoid this double-income taxation? Explain your answer. I believe so‚ the Northwest Brands can stay clear from double-income taxation by electing to be treated as an S corporation
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every activity‚ particularly in business. E-business now has an important role in the success of enterprises. It reduces expenditure‚ time and labor for management information systems‚ yet provides higher quality of financial information to managers. On the other hand‚ conducting e-business can create a non-secure environment that may influence the quality of financial information. Both accidents and intentional breaches are potential security risks arising from e-business. Accidents cannot be completely
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There are five different torts that can be the subject of court actions‚ the most common being Negligence. Good morning students of [example]‚ my name is [name] and I am here to give you a brief talk on an area of civil law. My presentation will be based upon the tort‚ negligence and will involve a related case. Negligence is a breach of a person’s or organisation’s duty to take reasonable care in the circumstances‚ which causes harm to a person or organization. It is a manner that involves harm
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CONSIDERING RISKS IN INTERNATIONAL BUSINESS Business by itself requires high awereness of risks‚ taking these risks‚ managing them and gain profits from them. The literature names this task as "entrepreneurship". Entrepreneurship is the practice of starting new organizations‚ particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking‚ as a majority of new businesses fail. Entrepreneurial activities are substantially different
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of Phoenix Chris W. Poe LAW/531 Discussion Questions Maurice Rosano Discussion Questions 1. What is one way the U.S. legal systems affects U.S. businesses? Answer: There are several ways the legal system can affect businesses but the one way the U.S. legal system affect U. S. businesses are the antitrust law which changed the way businesses operate. This law controlled some a banned others in the way businesses compete/operate. This law would hinder business from competing in the way
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DISTINGUISH BETWEEN SALE AND AGREEMENT TO SELL DOCUMENTS OF TITLE TO GOODS CONDITIONS AND WARRANTIES DOCTRINE OF CAVEAT EMPTOR RIGHTS OF UNPAID SELLER DELIVERY – RULES REGARDING DELIVERY SALE BY AUCTION Introduction Originally‚ the law relating to sale of goods was contained in Chapter VII of the Indian Contract Act‚ 1872. The same was repealed and re-enacted by the Sale of Goods Act‚ III of 1930. Definition (Section 4) A contract of sale of goods is a contract whereby the seller
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tree and to notify others about it. People do not have to be responsible for calculating the risks of leaning trees and no one should bear responsibility for Galindo’s death. It is an accident that is beyond the human ability to prevent and the case should be dismissed. Support your decision with an appropriate rule of law. The decision is based on custom/defenses to negligence. Custom rule of law states that there is no breach when the defendant acts in line as everyone else. And in this case
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Business Development Team Our executive director will function as the business development head. Her responsibility is to identify industry requirementthrough investigation‚ interrelated events‚ publications‚ and announcements. The department shall find out potential business deals by contacting with potential partners‚ discovering and exploring opportunities through analyzing market strategies. She and her team will develop company strategies and operations design by examining risks potentials
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