CONTRACT – REMEDIES (Pg 183) Damages |Damages is the principal common law remedy for a breach of contract. It refers to the monetary compensation payable by the defaulting party. | |Assessment |Aim of unliquidated damages | | |The general principle of assessment is that the injured party is to be placed in the same financial position he
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the remedies available for breach of contract When signing a contract not only are you agreeing to the terms of this contract you are agreeing to the consequences if breach the contract. There are many remedies available if one of the party’s breaches the contract and if the party who breached the contract doesn’t agree to the consequences then the matter will be taken to court. A breach of contract can be defined as a party failing to perform‚ precisely and exactly‚ his obligations under the contract
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to Mr. Raymond Kiptum‚ my tutor‚ for his patients‚ encouragements and individual counsel and my classmates who that helped me through with these Assignment tasks. □ ACKNOWLEDGEMENT……….. 2 □ TASK 1 INTRODUCTION……….5 ← Definition of Law ← Classification of Law & Classification of Civil Law ← Definition of Contract Law ← Types of Contract BODY………… 6-15 ← Essentials of A Valid Contract ← Definition
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Assignment On Common Law Submitted To: Dr. Simon Palmquist Word Count: 1‚919 Table of Contents Question 1................................................................................................................ 02 Question 2................................................................................................................ 04 Question 3...............................................................................................................
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A figure of cost of goods sold reflecting the cost of the product or good that a company sells to generate revenue‚ appearing on the income statement‚ as an expense. Also‚ referred to as "cost of sales". It is essentially a cost of doing business‚ such as the amount paid to purchase raw materials in order to manufacture them into finished goods. For example‚ if a $10 widget costs $6 to make‚ then the cost of goods sold is $6 per widget. That is‚ the cost of goods sold is equal to the beginning
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INTRODUCTION: The Sales of Goods Act 1893 provides the definition of ‘condition’ and ‘warranty’. During the period between 1893 to 1962 both ‘condition’ and ‘warranty’ was generally accepted that they were the only two types of terms which assist in ‘identifying the breaches which entitled the injured party to terminate the contract. In the turning point of 1962‚ a new type of term-intermediate term brought about a whole new page into the Law of Contract. Hong Kong Fir Shipping Co. Ltd vs Kawasaki
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Ph.D. A-NCCT 3330.05: Summary Paper 9 February 2011 Summary on: Against the Odds‚ and Against the Common Good In her essay‚ “Against the Odds‚ and Against the Common Good‚” Gloria Jimenez evaluates the debate for state-run lotteries and surmises that state representatives‚ having citizens’ welfare in mind‚ should not pass bills urging them to gamble. In today’s society‚ state-run lotteries are common establishments considering the majority of our country has one. Thirty-nine
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LAW Coursework Essay April 2012 Q: Evaluate whether the law relating to the remedies for defective goods can be considered satisfactory. In this essay I will outline the remedies available in cases of defective goods from the Sale of Goods Act 1979 and the criteria that constitutes a material breach. I will then go on to outline the other remedies available in supply of goods cases such as hire purchase and
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Assignment 1 Common Law By: Tita Amalia V. 1. Jonathan and an international business transaction Two parties reach agreement on the terms of the sale of a product from one party to the other. The agreement was written and signed by both parties in the presence of their lawyers. a) Do the parties have a valid and enforceable contract? Before a contract is formed‚ there must be agreement consisting of offer and acceptance‚ intention to form a contract‚ and consideration. Without
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International College of Business and Human Resources Development Common Law Assignment 1 BMT: 387-09-09 Task 1(P1) A contract may be defined as an agreement which legally binds the parties. A party to a contract is bound because he has agreed to be bound. The underlying theory then is that a contract is the outcome of ‘consenting minds’. Parties are not judged by what is in their minds what they have said‚ written or done. Contracts are
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