common law‚ a contract is a legally binding agreement between two or more parties that sets an exchange of promises of what each party will or will not do".(Elliott‚2011‚p.13) The contract can be unilateral and bilateral. if the oferee can accept simply by promising to perform‚ the contract is bilateral. Bilateral contract is a "promise for a promise"‚ and in order to be formed‚ is not need for consideration to be made at the time when the promises are exchanged . In a unilateral contract‚one party
Premium Contract Offer and acceptance Invitation to treat
divided into common‚ mutual and unilateral mistake; however this discussion is based on unilateral mistake‚ as Stephen Graw said: “Operative unilateral mistake occurs when only one party in the contract is mistaken‚ the other party is or should be aware of that mistake and yet he purports to proceed with the agreement anyway.” Cases under unilateral mistake can be divided into three categories: Firstly mistaken identity‚ secondly mistake as to the terms of a contract and thirdly mistake as to the nature
Premium Contract Common law Contract law
sequential and simultaneous implantation versus unilateral implantation in postlingually deafened adults. Bond and Mealing also completed a probabilistic threshold analyses which suggested that unilateral implantation is highly likely to be cost-effective for both adults and children at willingness to pay thresholds of thirty thousand dollars to forty five thousand dollars per quality adjusted life year. The results of this meta-analysis indicate that unilateral implantation is extremely cost effective
Premium Health care Health care provider Medicine
Unilateral nuclear proliferation My partner and I stand in firm affirmation of the following resolution. Resolved: Unilateral military force by the united states is justified to prevent nuclear proliferation. I would like to share various definitions with you before I continue. According to the Merriam Webster dictionary‚ Justified-having done for‚ or marked with a good legitimate reason. Prevent-to hold keep back. Nuclear proliferation is the increase in number; multiply weapons that run and emite
Premium Nuclear weapon Nuclear proliferation
Department of Management and Human Resources The Impact of Recognition on Employee Performance: Theory‚ Research and Practice Introduction Although money receives the most attention as a reinforcer and incentive motivator‚ and is even equated with reward systems by practicing managers‚ there is increasing evidence that contingently administered recognition can be a powerful reinforcer to increase employee performance. The purpose of this paper is to provide reinforcement and social cognitive theoretical
Premium Social cognitive theory Reinforcement Psychology
Andrew Blackwell B.A. Philosophy & Economics‚ 3d Year 19F Westbourne Terrace London W2 3UN Class C Introduction In recent years‚ much economic theory and research has looked at the phenomena of wage rigidity and involuntary unemployment1‚ and within the domain of labour economics much attention has been devoted to the phenomenon of inter-industry wage differentials. Many theories have sprung up to explain these phenomena‚ and one of these‚ Efficiency Wage Theory‚ has attempted to shed light on
Premium Economics Employment Wage
Rewards Companies reward their employees with both tangible goods‚ as well as praise. For example‚ a sales department may offer a monthly bonus to the highest earner. Not all tangible rewards come in the form of money. Some companies host free lunches‚ or give away company gear to good workers. Many managers choose to reward their best employees by simply praising them for a job well done‚ or by recognizing the hard work they put in to a project. Workplace reward systems are incentive programs that
Premium Management Motivation Leadership
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
Premium Contract
contract law agreement: objective test of intention to agree offer must be matched by other’s acceptance requirement of certainty of agreement parties have intention to create legal relations enforce promise: consideration promise is contained in a deed promissory estoppel (claimant has relied on defendant’s promise) reliance theory: consistent with the harm principle (prevent harm on others) restitution interest
Premium Contract
Extrinsic rewards are the tangible rewards given employees by managers‚ such as pay raises‚ bonuses‚ and benefits. They are called extrinsic because they are external to the work itself and other people control their size and whether or not they are granted. In contrast‚ intrinsic rewards are psychological rewards that employees get from doing meaningful work and performing it well. Extrinsic motivation is when we are motivated to perform a behavior or engage in an activity in order to earn a reward
Premium Motivation