Asif Tufal Contract-Law-page CASES ON FORMATION OF A CONTRACT OFFER Payne v Cave (1789) The defendant made the highest bid for the plaintiff’s goods at an auction sale‚ but he withdrew his bid before the fall of the auctioneer’s hammer. It was held that the defendant was not bound to purchase the goods. His bid amounted to an offer which he was entitled to withdraw at any time before the auctioneer signified acceptance by knocking down the hammer. Note: The common law rule laid down in
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ChE IV Date Submitted: January 4‚ 2012 ChE 171 Assignment 1. Essential and Non-essential Amino acids Amino acids are organic compounds which contain both an amino group and a carboxyl group and may be divided into two groups basing on whether they are produced internally by the human body or not: essential and non-essential amino acids (hyperphysics.phy-astr.gsu.edu‚ 2012). An essential amino acid (indispensable amino acid) is an amino acid which an organism
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that it is was not income‚ profits or gains from business and was outside the pale of the Excess Profits Tax Regulation. The Excess Profits Tax Officer made an order assessing the income of the appellants for the accounting periods 1351 and 1352 Fasli at Rs. 8‚957 and Rs. 83‚768 respectively and assessed the tax accordingly. ISSUES: 1. Whether under the terms of the agreement the petitioner is an employee of the Mills Company or is carrying on business? 2. Whether the remuneration received from
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Contracts Part II Rachel Wellman Unit 5 Case Study Business Law November 6‚ 2010 Millie contracted to sell Frank 10‚000 bushels of corn to be grown on Millie’s farm. Due to a drought during the growing season‚ Millie’s yield was much less than anticipated‚ and she could deliver only 250 bushels to Frank. Frank accepted the lesser amount but sued Millie for breach of contract. Can Millie defend successfully on the basis of outcome impossibility of performance? Explain. Discuss the elements
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grounds of void contract under Nepalese Contract Act by illustrating the cases. Any contract which is not enforceable by law is said to be void. A void contract is one which has no legal effect whatsoever owing to the fact that a transaction which is void. Even if they satisfy some of the conditions of a valid contract‚ they are not enforceable. In the eye of law such contract is no contract at all. There are some contracts which have been declared as void by section 13 of Nepalese Contract Act 2056.
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Formation: For a contract to take place an offer has to be given to someone and he or she would have to accept it in written. The transaction in this case involves a sale of goods contract. “A contract of sale is a legal contract an exchange of goods‚ services or property to be exchanged from seller to buyer for an agreed upon value in money paid or the promise to pay same. It is a specific type of legal contract.’ (1) Offer: On May 1‚ Joseph received a written order from Steve at the price listed
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consumer goods factories‚ and many more places. Robots are also used as personal hobbies‚ as seen in many movies‚ shows‚ etc (Schoeffler). Robots have existed for over 80 years and there potential is only growing more and more ("Robot"). Robots are essential to the world we live in today‚ because of all the different things they are used for a daily basis. Robots have been used in many dangerous environments‚ keeping humans from being harmed ("Reaching"). For example‚ The Department of energy faces
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Contract is an agreement between two or more competent parties in which an offer is made and accepted‚ and each party benefits. No contract can come into being unless the following features exist: an actual offer‚ an acceptance‚ consideration (this means that each party will contribute something of a material value to the bargain) and an intention to create legal relations. The agreement can be formal‚ informal‚ written‚ or just plain understood. (a) For a contract to exist the offer must be made
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Renee Lewis ENC 1101 November 14‚ 2008 How to break up with someone. Almost everyone has had to break up with someone. Some go well and others do not‚ but I am sure that most people can agree that it’s not easy. Relationships will not always turn out the way people expect them to. Problems inevitably occur. And while some couples try to patch things up‚ sometimes‚ the only solution left is breaking up. Unfortunately‚ breaking up to end problems in a relationship can result to more problems
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Explain why information systems are so essential in business today: Information systems are a foundation for conducting business today. In many industries‚ survival and the ability to achieve strategic business goals are difficult without extensive use of information technology. Businesses today use information systems to achieve six major objectives: operational excellence‚ new products‚ services‚ and business models‚ customer/supplier intimacy‚ improved decision making‚ competitive advantage
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