Introduction A contract is formed when one of the parties has to accept an offer made by the other. Here‚ David places an advertisement in the local newspaper of a reward‚ £1000 for the safe return of each of his six cats. This shows he is making an offer to all the readers of the Daily Bungle. An offer is defined as follows: “An offer is a statement of the terms upon which the offeror is prepared to be bound if acceptance is communicated while the offer remains alive1.” The critical aspect of
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INDEMNITY AGREEMENT This INDEMNITY AGREEMENT ‚ dated as of September 17‚ 2013‚ is between Locomotive Transportation ‚ Inc.‚ a New York corporation (Locomotive) and Rapid Trains Corp.‚ a Massachusetts corporation ( Rapid). INDEMNITY AGREEMENT This INDEMNITY AGREEMENT ‚ dated as of September 17‚ 2013‚ is between Locomotive Transportation ‚ Inc.‚ a New York corporation (Locomotive) and Rapid Trains Corp.‚ a Massachusetts corporation ( Rapid). INDEMNITY AGREEMENT This INDEMNITY
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Relationships Discuss theories of relationship formation The sociobiological explanation is an evolutionary theory which perceives relationship formation as a form of ‘survival efficiency’‚ with different focus between genders. Males are not certain of paternity and produce lots of sperm‚ so their best strategy to further their genes is to have multiple partners. The explanation sees males looking for signs of fertility such as smooth skin‚ and sexual faithfulness as they do not want to waste resources
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1. Shipment or delivery The obligation of Seller to ship or deliver the goods specified on the face of this Contract (“Goods”) by the time or within the period specified on the face of this Contract shall be subject to the availability of the vessel or the vessel’s space. If‚ under the terms of this Contract‚ Buyer is to secure or arrange for the vessel or vessel’s space‚ Buyer shall secure or arrange for the necessary vessel or vessel’s space on berth terms basis and give Seller shipping
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Assignment #1 - Consensual Relationship Agreement Case Study Professor Dr. Maggie Sizer Leadership and Organizational Behavior – BUS 520 Strayer University October 23‚ 2012 Abstract As companies begin to acknowledge the existence of work place romances‚ the use of consensual relationship agreements (CRAs) has become an area of discussion. While many of today’s organizations prohibit the romantic involvement of its employees with one another‚ there are other companies that have adopted the
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From the article "Racial formations"‚ Micheal Omi and Howard Winant state that race is social concept instead of biological concept. They explain that everyone views race differently and how race influence the society‚ how it is classified. The important concern the order of race is force by society‚ politics and economy. They explain that race is social concept; it is process of racial formation. Society determines the meaning of race and it is a process during which racial identity is created
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The psychological contract in a changing work environment Annette Sharpe The Work Institute Abstract This paper examines how organisation changes‚ driven by economic‚ social and technological changes at the macro level‚ have impacted on the psychological contract. Whilst criticised for being an ill-defined concept‚ it is usually taken to refer to ’the implicit relationship that exists between individuals and their employer concerning perceived mutual obligations and expectations ’. Although its
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Six Essential Elements of an Enforceable Contract In normal everyday life contracts are utilized for various situations and reasons. Some contracts are more binding as compared to others based on the six elements of offer‚ acceptance‚ consideration‚ the parties’ capacity to contract‚ the parties’ intent to contract and the object of the contract. This paper examines the above mentioned elements using a contract existing between a customer and a phone dealer. The phone dealer dealt with used but
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of a contract refers to the way in which it comes to an end. Contracts can come to an end in the following ways: 1. by performance 2. by agreement 3. by frustration 4. by breach Each one of these methods of discharge will be considered. Discharge by performance The contract comes to an end when both parties perform their contractual obligations. Performance must substantially correspond with what the parties agreed allowing for minor or trivial defaults. Discharge by agreement The
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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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