1. Voidable Contract: An agreement which is enforceable by law at the option of one or more of the parties thereto‚ but not at the option of the other or others‚ is a voidable contract. A contract is voidable when one of the parties to the contract has not exercised his free consent. One of the essential elements of a formation of a contract for example‚ free consent‚ is absent. All voidable contracts are those which are induced by coercion fraud or misrepresentation. The person whose consent is
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t Quasi Contract Analysis of Case Studies Business Law Submitted to: Mr. Atta Ullah Submitted By: Sunnia Farrukh Submitted on: January 27‚ 2012 BBA-III (Regular) Fatima Jinnah Women University Contents Contract 3 Formation of Contract 3 Kinds of Contracts 3 Quasi Contract 4 Salient Features of Quasi Contract: 4 Conditions of Quasi Contract 4 Supply of Quasi Contract 5 Payment by an Interested Person: 5 Liability to pay for Non-Gratuitous Acts 6 Finder of Goods 7
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Different approach taken by the Court of Appeal in Williams v Roffey was it fair or not? It is commonly accepted within the English Contract Law that the models of contractual fairness must exist in contractual disputes. Essential to these models is the doctrine of consideration and the principles that comes under the doctrine of consideration such as laws derived from both Williams v Roffey (1990) and Stilk v Myrick (1809). Starting with the development of the doctrine of consideration and
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Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other
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how technicians work on vehicles in addition to new diagnostic and repair tools and equipment. Vehicles no longer use only steel or fiberglass‚ so collision repair technicians must learn new skills‚ including welding aluminum and high strength steel. Almost all automotive systems have electronics embedded in them. Hidden damage is easy to miss unless you‚ as a collision repair technician‚ have been keeping up with training. The Biggest Change: Highly Autonomous Vehicles (HAVs) With more and more
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GPS BASED VEHICLE LOCATION AND TRACKING SYSTEM 1 Baburao Kodavati‚ 2 V.K.Raju‚ 3S.Srinivasa Rao‚ 4A.V.Prabu‚ 5T.Appa Rao‚ 6 Dr.Y.V.Narayana 1.Asst. Prof in ECE Dept‚ 2. Asso. Prof in ECE Dept 3.HOD of ECE Dept 4. Lecturar in AE&IE Dept‚5.. Asst. Prof in EE Dept. 6. Principal 1‚2‚&4‚5- Gandhi Institute Of Engg & Technology ‚ Gunupur‚Rayagada‚Orissa-765022‚India 3.IACREC‚rayagada‚Orissa.6.TEC‚ Jonnalagadda(P)‚ Narasaraopet-522601‚ Guntur(Dist)‚ A.P. ABSTRACT: A vehicle tracking
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Fixed-Price Contract or Cost-Reimbursement Contract Willie Glover BUS 501 February 20‚ 2011 Dr. Nick Nayak Abstract Fixed-price contracts and cost-reimbursements are two different forms of contracts used by the federal government while determining contract pricing. Contracting officers may use either when contracting however there are several types of fixed-price contracts. Fixed-price type of contracts provide for a firm price or an adjustable price. Fixed-price contracts consist of firm-fixed-price
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Discuss | Print | | | | Works Contract Composition Scheme - Restriction on input credit for certain input services MARCH 01‚ 2011By Santosh HatwarWORKS Contract (Composition Scheme for Payment of Service Tax Rules‚ 2007 provides that a service provider engaged in provision of ‘works contract service’ has an option to pay an amount of 4% of the gross amount charged for the works contract.For this purpose the ‘gross amount charged for the works contract’ means an amount which includes the value
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TYPES OF MAGNETIC MATERIALS Paramagnetic materials have a small‚ positive susceptibility to magnetic fields. These materials are slightly attracted by a magnetic field and the material does not retain the magnetic properties when the external field is removed. Paramagnetic properties are due to the presence of some unpaired electrons‚ and from the realignment of the electron paths caused by the external magnetic field. Paramagnetic materials include magnesium‚ molybdenum‚ lithium‚ and tantalum
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CONTENTS 1. BACKGROUND: 1 2. CONTRACT: 1 2.1 VALID CONTRACT: 2 2.2 VOID CONTRACT: 2 2.3 VOIDABLE CONTRACT: 2 3. SALES CONTRACT: 3 3.1 SUBJECT MATTER (MAL): 3 3.2 CLASSIFICATION OF MAL: 4 3.3 CONDITIONS OF VALIDITY OF SALE: 4 3.4 PROHIBITED SALES: 7 3.5 KINDS OF SALE TRANSACTIONS: 10 3.5.1 BAY AL MUQAYADAH: 11 3.5.2 BAY AL MUTLAQ: 11 3.5.3 BAY AL SARF: 12 3.5.4 SALAM CONTRACT: 13 3.5.5 ISTISNA 16 3.5.6 MURABAHAH 19 3.5.7 BAY’AL-MUAJJAL 22 4
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