Introduction For parties to be bound by an agreement‚ it must first be determined if a prima facie valid and enforceable contract exists. 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 [1]. For a legally binding contract to exist the following elements must be satisfied: 1. An offer must exist 2. The offer must be accepted 3
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Business Scenarios and Case Problems 9-1. Contracts by Minors…Discuss Kalen’s liability in this situation. Kalen is a seventeen year old boy who rented an apartment for $500 a month‚ after consistently paying for rent for 4 months‚ he decides to return the key and not pay rent for the rest of the remaining months on the contract. I would think that this is classified as “disaffirmance”. Since he is seventeen‚ and a minor when he leaves the apartment‚ he is able to legally avoid his contractual obligation
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BUS103 Assignment Ellyn Hurst Florentina Benga Wednesay 4.00 – 5.00 Word count: 1418 A contract is an agreement containing promises made between two or more parties with the intention of creating legal rights and obligations enforceable in a court of law. There are three essential elements that must be proven to establish a contract. The first element that must be established is whether or not there was an agreement between the parties. There must be an offer proposed by on party‚ and
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Scene 1: Characters: Edmund‚ Regan‚ Goneril‚ Albany‚ Edmund: Authoritative‚ Sneaky‚ and Wicked “Know of the duke if his last purpose hold‚ Or whether since he is advised by aught‚ To change the course. He’s full of alteration And self-reproving. Bring his constant pleasure (V‚ I‚ 1-4).” Edmund displays himself as a ruler in full command of the kingdom‚ since the Duke of Albany is indecisive (Authoritative). “To both these sisters have I sworn my love‚ Each jealous of the other as the stung‚ Are
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In the world of nursing‚ understanding the religious beliefs of your patient is very important. Being that I work in the realm of nursing‚ I have seen this first hand. One issue that is dealt with often in the hospital setting is the refusal of blood transfusions by Jehovah’s witnesses. Jehovah’s witnesses refuse blood transfusions based on bible principles found in both the old and new testaments of the holy bible. Witnesses believe that receiving blood transfusions is an infringement of God’s
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2007-2008 Dr Olivia Smith Employment Law: Identifying the Contract of Employment Reading: M. Forde‚ Employment Law 2nd ed. (Dublin: Roundhall Sweet and Maxwell‚ 2001) Chapter 2. History ▪ the move from status to contract. Query whether a move back to status? The protection afforded to individual employees under Irish employment law depends on a legal paradigm whereby the rights provided for are implied into the terms of the contract between the employer and the employee. Thus the starting
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social justice is explored from an individual perspective. The classical theories mostly take place during the time of the hierarchical societies. Where “men are arranged vertically in social strata‚ each stratum having a definite rank in the hierarchy” (Miller‚ 1976:254). They are based on the changes from Primitive societies to the hierarchical societies. They take into account mainly what is best for the whole community and do not explore social justice for each individual person. The contemporary
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To what extent does a currency forward contract need to play a formal role in multinational companies? A globalisation has risen over the last 20 years. Because of this factor‚ international markets have increased rapidly‚ therefore a large number of companies have been particularly interested in global operatings‚ such as‚ export trade‚ import trade‚ overseas sales (Moosa‚ 2003). A subsequent significant trouble looming large for
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forward and futures contracts are traded on exchanges. b) Forward contracts are traded on exchanges‚ but futures contracts are not. c) Futures contracts are traded on exchanges‚ but forward contracts are not. d) Neither futures contracts nor forward contracts are traded on exchanges. 2. Which of the following is not true (circle one) a) Futures contracts nearly always last longer than forward contracts b) Futures contracts are standardized; forward
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accepts the offer and they sign a contract to that effect. After the contract is signed‚ Teri learns of a Boston rule that all firefighters must live within the Boston city limits. Teri decides not to move and contacts Jack to let him know she won’t be moving after all. Jack sues Teri in municipal court‚ asking for specific performance in accordance with the original deal. Teri argues that‚ although specific performance is usually appropriate in land sales contract cases‚ the judge has the discretion
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