Business Law and Ethics Assignment 14/03/2013 Module : 26313 Module leader : Phil Robinson Words count : 1088 In order to advise Neil‚ it is necessary to consider the law of the contracts‚ especially about offer and acceptance. We will analyze the situation to see what laws are applicable and advise Neil. In this case‚ we have three different people: Firstly an offeror‚ a person who makes an offer (in this case‚ Neil) and two offerees‚ the person to whom an offer is made (in this case
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Legal Aspects Of Business – Indian Contracts Act 1872 Indian Contract Act 1872 is the main source of law regulating contracts in Indian law. Citation Act No. 9 of 1872 Enacted by Parliament of India Date enacted 25 April 1872 Date commenced 1 September 1872 The law relating to contracts in India is contained in Indian Contract Act‚ 1872. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to the All States of India except the State
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ASPECTS OF CONTRACT AND NEGLIGENCE OF BUSINESS Task: 1.1: Explain the importance of the essential elements required for the information of a valid contract? Offer A valid offer identifies the bargained-for exchange between the parties and creates a power of acceptance in the party to whom the offer is made. The communication by one party known as the offeror to the another party called the offeree b) Acceptance To constitute a contract‚ there must be an acceptance of the offer
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Text and Context Despite the changes in the values and concerns of society over time‚ humanity remains the same. A text is a reflection of the context in which it is composed. It captures the religious and social influences and the values placed upon them. Despite the changes in the values and concerns of society over time‚ humanity seems to remain the same. Geoffrey Chaucer’s “The pardoners Tale” written in the 14th century and Sam Raimi’s “A Simple Plan” released in 1998 both explore the unchanging
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Formation of contract The green van Hubert’s initial e-mail is merely an invitation to treat‚ demonstrating only a willingness to negotiate rather than an intention to be bound by acceptance. The response from Philip to Hubert’s preliminary enquiry about the green van is‚ however‚ clearly an offer. There is intention to be bound by acceptance‚ demonstrated by the expression “when do you want it?”‚ combined with identification of the essential elements – the price (£30‚000) and the subjects (the
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Valid Valid information is information that is reliable and correct which can be used for many purposes when it’s needed. An example of information that needs to be valid would be if you are checking the prices for server software for an IT business and the prices listed were wrong then you made plans based on wrong prices which could make the whole plan wrong‚ so this is a general example when information needs to be valid and correct. Reliable Reliable information is information that you can rely
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Contract Scenario Stanley Moore Business Law 575 December 2‚ 2013 Professor Thomas Kershaw Contract Scenario Recently‚ Danny Davidson sold a family home to his friends Paul and Priscilla Peterson whereby entering into a $250‚000 verbal agreement for the purchase of new home. However‚ Danny neglected to tell Paul and Priscilla about Ned the neighbor and the emerging dispute pertaining to the boundaries of the south property. Once the purchase was final the Petersons proceeded to invest an
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INTRODUCTION The law of contract is the collection of legal rules which govern contracts. These rules‚ in turn‚ are part of the law of obligations‚ a subdivision of the law of property which is traditionally regarded as part of private law. Private law governs the persons (legal subject) in their personal or private capacity before the law in relation to other legal subjects. In other word‚ private law can be defined as balance and protect legitimate individual interests. Traditionally private
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Sociology 101 Language is essential Humans have an innate capacity for language and it ’s quite remarkable. Ever wonder how you learned how to talk‚ or how you transitioned from "goo-goo gaga" to "please pass the potatoes?" Turns out that we are born with a mental module called the language acquisition device which allows us to be open to languages of our culture. While we are just babies‚ our parents are talking and carrying on about their business and we are listening intently.
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CFS – BS408 ESSENTIALS OF ENTREPRENEURSHIP Yoosuf Naeem Project Director: Dr. Ahmed Anwar Rector Villa College Yoosuf Naeem Villa College Prof Dr Abtar Kaur Feculty of Education and Languages Open University Malaysia Centre for Foundation Studies Villa College Module Writer: Editor: Developed by: First Edition‚ First Printing‚ May 2012 Copyright © Villa College‚ May 2012‚ CFS – BS408 All rights reserved. No part of this work may be reproduced in any form or by any means without
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