Wally‚ business owner of Windy City Watches is located in downtown Chicago‚ IL. Business is booming and Wally needs to buy a large quantity of Rolek watches which sell for $50 apiece. He calls Randy Rolek‚ the wholesaler located in Milwaukee WI. They discuss terms on the phone for a while before coming to an agreement in which Wally offers to buy 100 watches for $25 each. Randy sends over an order form in which Wally states that he is agreeing to purchase watches from Randy for $25 each‚ but does
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Fixed-Price Contract or Cost-Reimbursement Contract Willie Glover BUS 501 February 20‚ 2011 Dr. Nick Nayak Abstract Fixed-price contracts and cost-reimbursements are two different forms of contracts used by the federal government while determining contract pricing. Contracting officers may use either when contracting however there are several types of fixed-price contracts. Fixed-price type of contracts provide for a firm price or an adjustable price. Fixed-price contracts consist of firm-fixed-price
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Law & Economics Family law: Marriage & contract Contents Part 1. 1. Introduction to Family law in France. 2. Conditions for Marriage between two persons. 3. Obligations out of Marriage. Part 2. 1. New law & Economics 2. Formation and dissolution of marriage 3. Law & Economics explanation in Contract law Part 3. 1. Gay marriage 2. Freedom of establishing Contract Introduction: There is multiple definition of “family” reflecting the
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EMPLOYMENT CONTRACTS An employment contract is made between an employer and employee where the employer agrees to offer a salary in return for the employee performing duties. The purpose of a contract of employment is to draw up rules and regulations concerning the rights‚ obligations and conditions between an employer and employee. It generally states the relationship between the two parties. Any breach of contract by any side is not acceptable by law. Contractual entitlements often include:
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A contract may be defined as an agreement between two or more parties that is intended to be legally binding. Every promise or promises which form the consideration for others is an agreement. It may be Oral or in writing. Well‚ in this short note‚ I am trying to explain the essential ingredients which shall form part of any agreement 1. Title: of the parties shall be clearly mentioned. 2. Recital 3. Tenure of agreement 4. Purpose/Scope of agreement 5. Commercial/Consideration part 6
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ASSIGNMENT THE THEORY OF CONTRACTS MEMBERS MOHD AMINUL HAKIM BIN HANI SALMAN 1124539 AHMAD ZUBAIDI BIN MAHMUD 1127783 AHMAD SYAHIR BIN MOHD ZAKARIA 1123419 SITI SHARINA BINTI SEMAN 1120902 NURHANI BINTI ABDUL RAHMAN 1118618 NURASHIKIN BINTI MOHD PILUS 1125834 INTRODUCTION Basically‚ human beings are dependent with each other to fulfil their needs and wants. We need to interact‚ communicate‚ trade and collaborate with others. Specifically ‘aqd or contract means a connection
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Wilburn Western Civilization II Allison Elledge 2/28/14 What is the Social Contract? How was one to be able to be governed and still remain free men? The Social Contract was an agreement that was part moral and part political obligation that depended on the people to form society. The entire contract explains the aspects to answer this question (Rousseau‚ Jean Jacques. "The Social Contract."). The contract states that there is a way for a person to be part of a society‚ yet still be able
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reasonable opportunity to reject the offer of goods or services‚ takes the benefit of them under circumstances which indicate they were to be paid for‚ the tribunal of fact may hold that the offer was accepted according to its terms. Butler Machine Tools v Ex-Cell-O The acceptance must correspond to the offer; otherwise it is a counter offer Bressan v Squires Whenever postage is indicated as the delivery and it has been posted properly‚ acceptance is at the moment of postage. R v Clarke Unless the offeree
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Elements of State 1. People - the population living in a state. 2. Territory - includes the land‚ the rivers‚ the sea‚ and the air space which the jurisdiction of the sate extends. 3. Government - the agency through which the will of the state is formulated‚ expressed and carried out. 4. Sovereignty or independence - the power to command and enforce obedience free from foreign control. Types of Governments Governments can be classified into several types. Some of the more common types of governments
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