Hall paid Miss Joh Get an advance of RM6‚ 000 as a deposit. Two days before the show‚ the bus which carrying Miss Joh Get and her dancers to the hall‚ met with nasty accident which resulting in Miss Joh Get and her dancers being admitted to the hospital for severe injuries to her both legs. Discuss the liabilities of Miss Joh Get. Answer: First of all‚ we have to determine the issue whether she is can discharge the contract that she has made with GRG International Music Hall and whether
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and John Locke’s interpretation of the social contract theory. I will then be evaluating Locke’s argument that his conclusions differ from Hobbes’ as he claims. My thesis is the following: John Locke’s argument that his conclusions are different from Thomas Hobbes’ conclusions is not valid. He makes no claim as to why people are motivated to enter into a social contract; he also does not establish where the understanding of personal property comes from. Thomas Hobbes suggests numerous things about
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DERIVATIVE INSTRUMENTS MARKETS AND Chapter 1: Derivative Markets and Instruments Page 1 of 13 LOS 1.a: Define a derivative and distinguish between exchange-traded and over-the-counter derivatives. A derivative is a security that derives its value from the value or return of another asset or security. A physical exchange exists for many options contracts and futures contracts. Exchange-traded derivatives are standardized and backed by a clearinghouse. Forwards and swaps are custom
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FORM OF CONTRACT (Arts 1356-1358) 1. What is the form of a contract in order that it will of obligatory force? (Art. 1356‚ CC) GENERAL RULE: Whatever may be the form in which a contract may have been entered into‚ the general rule to 1356 of the Civil Code‚ is that it shall be obligatory provided all of the essential requisites for its validity are present. EXCEPTIONS: 1) When the law requires that the contract must be in a certain form in order to be valid; and 2) When the law requires that the
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What is the Function of a Social Contract? Philosophers have been concerned with the theories of a social contract for thousands of years. Plato mentions the concept in Crito and in Republic. These theories have stemmed from the concept of justice and for our society to be just. I will look at the works of Thomas Hobbes‚ John Locke‚ Jean Jacques Rousseau and finally with John Rawls after which a overall view into the function of a social contract can be derived as well as any problems with the theory(s)
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whether a valid contract was formed and who it was formed with. As Rick’s girlfriend didn’t buy the laptop and is under the age of 18 she wouldn’t be able to return the laptop as there has been no contract formed with her. However we can assume that her boyfriend is over the age of 18 and as he bought the laptop this means the contract was formed with Rick instead of Rick’s girlfriend. The type of contract that was formed with Rick was a standard form contract this is a type of a contract is a legally
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and sales department. Being an agent for Star Boat‚ Tom frequently concluded contracts with a number of suppliers for acquiring certain parts to manufacture boats. Smooth Sailing was one of the suppliers. Tom resigned from Star Boat in July 2012 upon being offered a better position in Star Ferry. However‚ he acquired 4‚000 parts from Smooth Sailing in August and manager of Smooth Sailing did not notice that in the contract Tom indicated his signature as “manager‚ Star Ferry” and thought they were
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against humanity our world hasn’t submitted to dissolution and in large part we have remained united. The reason the world hasn’t fallen back into such a primitive state is because of the social contract theory; the social contract theory is a theory about creating rules for humanity. Due to the social contract theory people had to change the way they thought and made decisions and these personal decisions eventually had a ripple effect on the larger community. Unlike theories in physical science‚ social
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KINDS OF DEFECTIVE CONTRACTS 1. Recessible Contracts 2. Voidable Contracts 3. Unenforceable Contracts 4. Void or Inexistent Contracts Rescissible (Article 1380-1389) Voidable (Article 1390-1402) Unenforceable (Article 1403-1408) Void ( Article 1409 -1422) ALL essential requisites of a contract exist. All the essential requisites of a contract exist All essential requisites exist but unenforceable due All or some of the essential requisites to non-compliance with statutory requirements
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UNFAIR CONTRACT TERMS ACT Section 1 (3) In the case of both contract and tort‚ sections 2 to 7 apply (except where the contrary is stated in section 6(4)) only to business liability‚ that is liability for breach of obligations or duties arising from things done or to be done by a person in the course of a business (whether his own business or another’s)‚ and references to liability are to be read accordingly. Section 2 (1) A person cannot by reference to any contract term or to a notice given
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