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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CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
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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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Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
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CONTRACTS Stages in the life of a contract: 1. Preparation/Generation 2. Perfection/Birth 3. Consummation/Death Characteristics of Contracts: (ROMA) 1. Relativity (Art. 1311) 2. Obligatoriness & Consensuality (Art. 1315) 3. Mutuality (Art. 1308) 4. Autonomy (Art. 1306) Stipulation pour Autrui - stipulation in favor of a 3rd party. Requisites: 1. The stipulation must be part‚ not whole of the contract; 2. the contracting parties must have clearly and deliberately conferred
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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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Dimensions 23.5m2 x 31.0m2. Equipment provided by hotel includes: Kodak Carousel 35mm Slide projector 60" x 60" Screen Cassette Tape Recorder Microphones Multi-system Video players 20" Colour TV Projection TV LCD Projector OCCASION: A business workshop on “Improving Communication”‚ AUDIENCE: Numbering about 400 people. Mostly young entreprenuers from mid-twenties to late thirties. Gender more biased towards the male side‚ with few women in attendance. Large majority come from private
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to activate your license and connect to the Bloomberg network you will need to register a Bloomberg Serial Number (SN) on this computer. If at any point during this process you need help‚ please contact Bloomberg Support. Preparation If a valid Serial Number is already installed on this computer If you simply re-ran the software installation on the top of a previous installation‚ without changing or removing registry keys‚ then no further action is necessary‚ unless you want to CHANGE
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