JUDGMENT V.N. Khare‚ CJI 1. This appeal which arises out of a judgment and order dated 23-11-2001 passed by the High Court of Kerala at Ernakulam revolves round the question as to whether an arbitration clause in a contract agreement survives despite purported satisfaction thereof. 2. The parties to this appeal entered into an agreement for a project at Kayamkulam. Upon completion of the work the respondent herein submitted final bill which was allegedly not accepted by the appellant‚ where
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LAW OF CONTRACT NOTES INTRODUCTION. A contract is an agreement between two parties which is enforceable by law.An agreement is made when a person signifies his willingness to do or to abstain from doing anything with a view of obtaining the assent of the other party. Such act or abstinence is said to make a proposal.The person making the proposal is called the offeror and the person accepting the proposal is called the offeree TYPES OF CONTRACTS: Contracts may be classified into: -Written
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potency since the establishment of the Constitution. The United States was founded in hopes of having a truly free‚ full functioning society. In order to achieve such a goal‚ the framers of this country drafted the Constitution brilliantly and attentively. With the creation of the three branches‚ Legislative‚ Executive‚ and Judicial‚ the Constitution also created checks and balances‚ the capability for each branch to check the power of the others. To ensure the continuing proficiency of our democratic
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John D Rockefeller‚ founder of standard oil was a captain of industry‚ he was led to the path of efficiency through his mother and father when he was younger; this helped him grow into one of the biggest companies of the time. He soon started Standard Oil and became a billionaire. Despite the robber barren ways he got to the top‚ he got there and set a way for American corporations of the future. His father started him on the road to business‚ when John D Rockefeller was seven his father loaned
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American one‚ United Kingdom’s (UK) and Hong Kong’s (HK) do not recognize the approach of general principle of good faith in contract law‚ as illustrated in Walford v Miles1. Yet‚ good faith should be promoted in UK and HK because one should value fairness in the whole course of dealing‚ from the point of pre-contractual negotiations till the discharge of he contracts. This essay aims at showing the merits of a good faith doctrine and possible implications on the UK and HK legal system so as to ensure
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Historical backdrop Social contract theory raises the chances that necessitate for social order and certain inbuilt constraints might offer us with a natural basis for ethics. It is one of the propositions of political science that the society and state is based on contract. While it might seem that there is well-built impulse for social anarchy without an outside purpose source of morality‚ according to some philosophers like Thomas Hobbes‚ the incentive is built into the social system by the very
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Sherry Nyeo Mrs. Binion LA11‚ Period 7 October 2‚ 2017 If John D Rockefeller were alive today‚ he would have seen automobiles whiz past on crisscrossing highways‚ linking the modern world together. He would have witnessed planes cruise lazily up ahead‚ a small bright speck in the startling blue sky. He would have caught the tart whiff of exhaust as trucks labored to faithfully deliver products right to people’s doorsteps. If Rockefeller were alive today‚ he would have seen the energetic life of present-day
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irreplaceable by any other international or regional organizations. In matters relating to peace and security‚ the United Nations is the principal international body and [their] collective security is the most predominant‚ and primarily the concern of this organisation (Wallensteen‚ 2007: 220). It’s dominance in such affairs is second to none‚ and whilst the only other comparable institution would be the European Union’s Council of Ministers‚ it doesn’t enjoy a large enough mandate on foreign affairs
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CONTRACT AND RELATED OBLIGATION Prof. Hillman I) Theories of Obligation A) CONTRACT: Agreement with Consideration – Bargain Theory of Consideration Definition: A promise that is supported by consideration because the promisor gets something (extracts) from the promissee in exchange for the promise. Ex: I tell Alice I will sell her my piano for 400 dollars and she agrees. I promised my piano in exchange for something (400 dollars) therefore my promise is enforceable. 1) Bargained
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TEAM CONTRACT - Group 7 I. Team Goal: Include a comment on each of the elements of SMART Specific – what‚ why‚ who‚ where and which in terms of the goal? ü We expect our team to become a cohesive and cooperative group by the end of the term. It will need devoted dedication from each member. It is critical to our success on overall performances because good teamwork allows us to work effectively and efficiently. The specific goal related to Mike’s Bick is to triple the shareholder’s value by
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