Contract Law Notes Contracts ‘A’ Offer Bilateral contracts Unilateral contracts Offers to the public at large What is an offer? Mere puff Supply of information Invitation to treat Categorizing transactions Advertisements a) Advertisements in a catalogue or a curricular b) Advertisements in newspapers or magazines c) Advertisements appearing on the internet d) Display of goods Auctions a) Advertisement of auction b) Auctions with reserves c) Auctions without a reserve Tendering
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IT Essentials – Hand Out Introduction to Basic Computer What is a system? System is a combination of components working together. What is a computer system? Computer System is a group of elements performing together to process data. What is a computer? Computer is a programmable electronic device that can store‚ retrieve and process data. Three Components of a Computer 1. Hardware refers to the physical components of the computer system. 2. Software is a computer program. 3. Peopleware
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Q1: What is a tort? Tort: A civil wrong not arising from a breach of contract; a breach of a legal duty that proximately causes harm or injury to another. Q2: What are the four elements of negligence? They are Duty‚ Breach‚ Injury‚ and Causation. Q3: Is Shannon liable for the tort of negligence? Yes‚ she is. First of all‚ she has been told by her physician that not to drive after taking the medication. Thus she has the duty not to drive in order to take care
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Essential Qualities of a Good Business Letter A letter should serve the purpose for which it is written. If a businessman writes a letter to the supplier for purchase of goods‚ the letter should contain all the relevant information relating to the product‚ mode of payment‚ packaging‚ transportation of goods‚ etc. clearly and specifically. Otherwise‚ there will be confusion that may cause delay in getting the goods. Again the quality of paper used in the letter‚ its size‚ colour etc. also need special
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Business Advisory Service Legal responsibilities for business owners Advise for new business owners about: * Legal status and risk involved * Contract Law * Consumer legislation Legal Status When starting up a business‚ one should decide which legal status to choose. Each legal status has its own different responsibilities and there are some risks involved. There are three types of legal status: sole trader‚ partnership and limited companies (Ltd & Plc). * Sole
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issues in this case are that business schools and corporations were found to require more ethics training resources due to a number of large scandals were booming into the public eye. The Sarbanes Oxley Act of 2002 and the revision of the Federal Sentencing Guidelines created new rewards and repercussions to corporations providing more ethics training programs. The less ethics training offered by a corporation‚ the more severe the punishment would be or wrongdoing. Using ex-cons as a tool to teach ethics
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1.0 Contracts and its Elements 1.1 Essentials of a Contract Contracts form part of our daily life e.g. lease of house‚ sale/purchase of cars‚ etc. However‚ there are elements essential to form a contract. These are: 1.1.1 Offer/Invitation MacMillan & Stone (2004) described offer as “an expression of willingness to contract on certain terms. It must be made with the intention that it will become binding upon acceptance. There must be no further negotiations or discussions required.” This can be
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Review Test BUS5602 - Essential of Business Development 2 Test Review Your test grade is 91.67% The professor has configured this test to allow students to review: Questions answered incorrectly. Questions answered correctly. Students answers. Correct answers. QUESTION: 1 [QUESTION BANK ID: 155792] TYPE: MULTIPLE CHOICE CORRECT Teams at The Rock Insurance have cut down the considerable amount of time it takes for a new policy to be issued. The use of teams may have caused
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A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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The Role of Computers in Modern Life (cont.) Our relationship with computers has grown alongside that evolution. For many‚ computers are now a vital part of almost every aspect of their daily routine. They are as important in business are they are in leisure time. Most offices are now run using Microsoft Office‚ a software program designed to cater for the core needs of running a business. Social networking on sites such as Facebook and Twitter offer opportunities to connect with ‘friends’ across
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