signifies to another his willingness to do or abstain from doing anything‚ with a view to obtain assent of the other to such act or abstinence‚ he is said to make a proposal. Apparently in the case that Yatie had made an offer or proposal to her business partner‚ Tina to supply handcrafts by sending an offer letter to Tina. Tina had received the offer letter in the next day and she had accepted the offer by asking her staff‚ Anis to fax a letter of acceptance as soon as possible to Yatie. According
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Case Study exploration The three out of these eight women who came to the front and in that Library of Congress Exhibition on Women in World War 2‚ each one did different things what were so common to each one. But each one did their own thing during the World War 2 and was successful these three did what they can in the war. Toni Frissell remembered today as principally for high-fashion photography for Vogue and Harper’s Bazaar‚ She volunteered her photographic services to the American Red Cross
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A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law (Gibson & Fraser‚ 2012‚ Business Law‚ p303). A contract must be satisfied certain legal requirements which are agreements‚ intention to create legal relations‚ considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule
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Function and Role of Law in Business and Society LAW 421 Function and Role of Law in Business and Society Our system of societal life could not exist without a set of rules that govern human behavior or business interactions. Black’s Law Dictionary defines these rules‚ called “law‚” as “the body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force” (Melvin‚ p. 4‚ 2011). The most important aspects of law is that it creates duties‚ obligations‚ and
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Questions Learning ResourcesTextbook: Business Law Seventh Edition‚ 2010 Henry R. Cheeseman Prentice Hall 1) According to Judge Jerome Frank‚ uncertainty in the law: a. is an unfortunate accident b. should be avoided whenever possible c. is of immense social value d. does not exist in the U.S. legal system 2) Which of the following is most consistent with the Natural Law School of jurisprudence? e. Law is based on moral and ethical principles
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DIRECTORS COLLEGE OF BUSINESS School of Accountancy BACHELOR OF BUSINESS STUDIES BACHELOR OF BUSINESS INFORMATION BACHELOR OF ACCOUNTANCY 155.203 Law of Business Organisations Semester 2 2008 Wellington Week 7 Lecture 2 21 DIRECTORS (1) 21.1 Who is a director? Section 126. gives an extended meaning to the term director in order that the persons who actually run the company are liable as such in law. 126 Meaning of “director” (1) In this Act‚ director‚ in relation to a company‚ includes—
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and so forth‚ are the same as for month 4‚ except that through the implementation of Lean Production‚ the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE. b. Assume that in month 6 the move time‚ process time‚ and so forth‚ are the same as for month 4‚ except that the company is able to
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Business Law Introduction A business consists of trade of any profession or vocation. Business law looks at the formation of the business and the contracts plus legislations within it. The body of a business has rules and regulations that business law enforces enabling it to govern the transactions between business entities. In relation to that is commercial law. Marketing‚ Bankruptcy‚ contracts and trade in general are all under commercial law. In this assignment I will be assessing that
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the Telken Group. However‚ management has refused to make the adjustments and has consolidated the existing version of Teldane’s financial report. 3. EUREKA & Co. Pty Ltd‚ a non-reporting entity‚ operates a small goldmine‚ which is run as a family business. The board consists of Mr Lalor and his sister‚ Ms Lalor‚ who are also the principle
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Executive Summary Various issues in the common law arise when agents make contracts on behalf of principals. Should a principal be bound when his agent makes a contract on his behalf that he would immediately wish to disavow? The tradeoffs resemble those in tort‚ so the least-cost avoider principle is useful for deciding which agreements are binding and can unify a number of different doctrines in agency law. In particular‚ an efficiency explanation can be found for the undisclosed-principal rule
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