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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The aim of this assignment is to discuss whether the classless society is attainable and sustainable in this century. To begin the definition of concepts are given‚ then the origin of the classes. It then looks at how the capitalist society cannot evolve to the classless society in this century. According to Ernesto (2007:17)‚ Classes are a large group of people who differ in their relation to the means of their role in the social economic and political organization. Their class stratus is determined
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A typical strategic alliance formation process involves these steps: • Strategy Development: Strategy development involves studying the alliance’s feasibility‚ objectives and rationale‚ focusing on the major issues and challenges and development of resource strategies for production‚ technology‚ and people. It requires aligning alliance objectives with the overall corporate strategy. • Partner Assessment: Partner assessment involves analyzing a potential partner’s strengths and weaknesses‚ creating
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should be followed‚ but expect expediency to override policy at times. The checklist of criteria differs according to the type of middlemen being used and the nature of their relationship with the company. Basically‚ such lists are built around four subject areas: (1) productivity or volume‚ (2) financial strength‚ (3) managerial stability and capability‚ and (4) the nature and reputation of the business. Emphasis is usually placed on either the actual or potential productivity of the middleman
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Discuss the Reliability of One Cognitive Process Memory is an example of a cognitive process‚ in other words it is a process by which knowledge is gained. This essay will attempt to explain the internal processes which are involved in memory and try to determine whether or not our memories as mental process of knowing‚ reasoning and judging can be considered reliable sources of information. First of all‚ memory is defined as the process of retaining and recalling past events or experiences.
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INTRODUCTION Indian Contract Act 1872 is the main source of law regulating contracts in Indian law‚ as subsequently amended. It determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties. The Indian Contract Act 1872
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An offset agreement is a stipulation made between a foreign supplier and a company which requires the supplier to purchase a certain amount of goods from that country in exchange for a contract. Offset agreements can be direct or indirect‚ depending on what raw materials the country may have. These agreements are often required in order to award a foreign contract to a large company producing valuable goods. A direct offset agreement means that the supplier has agreed to buy something from the
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a particular jurisdiction. Legality assures that the defendant can not be penalized or charged with a crime‚ unless the act has been announced publicly as a criminal act before the occurrence. Furthermore‚ “the same applies if the law is passed retroactively to criminalize an action that was not criminal at the time that it occurred.” (http://www.lectlaw.com/mjl/cl015.htm) Actus reus An action or conduct that is a constituent element of a crime‚ as opposed to the mental state of the accused. There
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Make all of the plans for a four-day meeting. They will be twelve out-of-town guest‚ one out of town VIP‚ and four in-town participants. Submit a detailed list of the plans. * To plan a meeting the first thing I need to know is the schedule of the participants in the meeting. To do that I need to have on hand the schedule of the people involve or contact the person in charge of this information. With that info on hand I will propose a tentative days and hours. * I choose the type of meeting
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A marketing plan’s elements may vary based on the organization and its industry‚ but readers still expect to see certain common elements. You have a product people love and you understand who the people are that love it. Now would be a great time to build a marketing plan. The plan will change and evolve over time but having a structure helps to make sure that your marketing spend is aligning with your goals without being completely ad-hoc‚ spray and pray of the day. The plan shouldn’t be a massive
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