LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
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1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
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I have always been one to side with a utilitarian’s point of view‚ such as Mill and Bentham. The greatest happiness of the greatest number‚ or as cold as it may be‚ sacrificing the few for the good of the many. Utilitarian moral theories evaluate the moral worth of action on the basis of happiness that is produced by an action. Whatever produces the most happiness in the most people is the moral course of action. I will give the best arguments against Utilitarianism‚ and show in my own opinion‚ why
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Two individuals who supported Utilitarian Ethics were Jeremy Bentham and John Stuart Mill. Bentham believed that companies should go about decisions by determining "the greatest good for the greatest number" and whether situations would cause either pleasure or pain. Bentham would agree
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Deontological moral theory is a Non-Consequentialist moral theory. While consequentialists believe the ends always justify the means‚ deontologists assert that the rightness of an action is not simply dependent on maximizing the good‚ if that action goes against what is considered moral. It is the inherent nature of the act alone that determines its ethical standing. For example‚ imagine a situation where there are four critical condition patients in a hospital who each need a different organ in
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Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
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There is a very clear way that any sophisticated utilitarian could handle this proposal. Obviously‚ they have to consider that the limited sports program needs to be incorporated‚ but at the same time they can’t cut too heavily into the current sports program. There is a very clear plan that would allow the physically impaired student to have their new sport program added‚ without greatly hindering the current sports program. It has been said that the cost of the new program is four times as high
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Aaron Feuerstein & Malden Mills MGMT 368 ~ Business Ethics July 21‚ 2013 “The Mensch of Malden Mills” Aaron Feuerstein is well-known in the community of Lawrence‚ Massachusetts as the owner of Malden Mills. Perhaps more importantly‚ he is known as the man who cares about his workers and goes out of his way to help them; the man with deep convictions to see things through to the end because he is a man who keeps his word. Mr. Feuerstein is also known around the globe as one of the only businessmen
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For example‚ the privatisation of foster care in the United Kingdom‚ which is becoming increasingly popular (Steen and Smith‚ 2012) can be argued as a deontological approach from the government’s point of view. The deontological ethics theory focuses on the morality of the action and not the consequences of that action (Encyclopædia Britannica‚ 2015). Caring for vulnerable members in society is a duty‚ privatisation meets the increasing
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Examine how utilitarian arguments might be applied to one issue of your choice? ACT UTILITARIANISM Act Utilitarian theories start with specific cases from which general principles can be deduced. Bentham’s Hedonic Calculus weighs up the following measures of the consequential pleasure/pain: CertaintyDurationExtentIntensityRemotenessRichnessPurity Situation 1 – Abortion would be morally right if the mother’s life is in danger. The period of the pain of the loss of the mother will be ongoing‚ the
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