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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Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
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Syllabus School of Business LAW/421 Version 1 Contemporary Business Law Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course reviews the U.S. legal system‚ common law and its development‚ organizational structures‚ and the regulatory environment pertinent to business. Students will learn to critically examine torts‚ crimes‚ and business ethics. They will also examine contracts; business associations including agencies‚ partnerships‚ and corporations;
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Discrimination based on gender is an extremely common civil rights violation here in the United States‚ and it can manifest itself in many ways. It is often seen in the work place‚ where women are often payed less for the same jobs as men. Gender discrimination can also manifest itself through pregnancy discrimination and even sexual assault. Things like unwelcome sexual advances‚ dismissal due to pregnancy‚ and other forms of harassment found both in and out of the workplace are an unfortunate reality
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loudpacks For over a decade patients and distributors of medical marijuana have battled the federal government for their right to use marijuana for its medicinal qualities. Although marijuana use is against federal law‚ medical marijuana has been permitted in sixteen states by a majority vote. The conflict between state and federal law has ignited a large conflict regarding medical marijuana and has resulted in the prosecution of many who use and distribute medical marijuana. Supporters of medical
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TRUSTS AND POWERS Further Reading: Harris ‘Trust‚ Power and Duty’ 87 L.Q.R. 310 Donovan‚ ‘The Protector: New Wine in Old Bottles?’ 63‚ in Trends in Contemporary Trust Law (Oakley‚ ed) (Clarendon Press‚ 1996). Thomas‚ Powers (1999‚ Sweet & Maxwell Ltd) A. Difficulties Inherent In Making The Distinction 1. Overlapping Definitions Hanbury & Maudsley (13th edition) p.163: ‘Essentially a trust is imperative and a power discretionary. But the dividing line is not as clear as one would hope;
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ROTARACT Handbook Rotaract hanDbook i i Rotaract hanDbook About Rotary Rotary International is a global community of committed professionals working together to serve others and advance peace. More than 1.2 million members in over 34‚000 Rotary clubs worldwide volunteer in communities at home and abroad. About Rotaract Rotaract is a service club for young men and women ages 18 to 30 who are dedicated to community and international service. Its membership totals over 184‚000
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ADDRESSING CYBERCRIME IN THE PHILIPPINES In the Partial Fulfillment of the requirements For the degree of Bachelor of Science in Computing Science English 15-Writing in the Discipline SY 2013-2014 Table of Contents Chapters Pages I Introduction 1 II Review of Related Literature & Studies III Methodology ADDRESSING CYBERCRIME IN THE PHILIPPINES I. INTRODUCTION Cybercrime goes
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Addressing Societal Problems A Description of a Societal Problem that detracts from the Mental Health and Welfare of Society A societal problem that detracts from the mental health and welfare of the members of society is the neglect of poverty and poor health. Poverty is a problem that people overlook‚ wants to disappear‚ and will show its face to someone we know and love at some point in our lives. Recommendations made by Experts for Resolving this Societal Problem According to CNN Health
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‘PAHAL’ Pratyaksh Hanstantrit Labh Direct Benefits Transfer For LPG (DBTL) Consumers Scheme अपना धन पाओ‚ जन धन बचाओ “GET YOUR MONEY‚ SAVE PUBLIC MONEY” Ministry of Petroleum and Natural Gas Government of India Ministry of Petroleum & Natural Gas Handbook on ‘PAHAL’ (DBTL) Scheme (Version 2.0) Table of Contents 1. Abbreviations used ............................................................................................ 3 2. Introduction ...................................................
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