Consideration Student Name Instructor Name University Affiliation Date Abstract Consideration is the price that the promisor asks in exchange for their promise‚ that is‚ the price of a given promise. Consideration is not a significant part of a contract in a number of jurisdictions. Once parties have reached a binding agreement‚ that becomes sufficient. Nevertheless‚ the common law requires that for agreement to be binding‚ the person to whom a promise is made (promisee) must offer
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LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
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HDTI: DEVELOP TEAMS AND INDIVIDUALS TASK 1: DETERMINE DEVELOPMENT NEEDS 1) LEGISLATION a. What is the name of this body? The name of the Commonwealth Government body that administers the national antidiscrimination legislation is the Australian Human Rights Commission b. List the titles of the different legislation‚ including the year that governs antidiscrimination for the Commonwealth or Federal Government. The different legislations that govern anti-discrimination are the following: Age
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Self-managed work teams Barriers‚ Inefficiencies‚ Limitations and Problems By Jamal Ghamari Introduction The history of SMWT’s developed from Socio-technical Systems and Quality of Work Life (QWL) that provided a variety of specific ideas for application to organizations. (Pearce and Ravelin (1987) provide an interesting overview of early studies in the United States.) The initial success and acceptance led to efforts to expand the concept of SMWT’s into new settings. This expansion
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Business Ethics: Midterm Essays 10/23/2012 What considerations are relevant when we assign blame for injurious acts? What is the distinction between excusing conditions and mitigating circumstances? Some say that moral responsibility is directed towards doing what is right and what is wrong. Well that is not necessarily the case; moral responsibility can also be aimed at at determining whether a person is morally responsible for doing something morally wrong. This is known as blame. Blame
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Team Dynamics and Conflict Resolution in Work Teams 2 Team Dynamics and Conflict Resolution are a common part of today ’s workforce. They are advantageous for the productivity and morale of the individual employees. Yet with all groups comes conflict. Knowing how to handle group conflict effectively and still work together is an integral part of a successful team. First‚ we will take a look at Team Dynamics understanding what a group is‚ types of groups‚ and the function of group members
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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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of Chiu Chor had also sent out to Hei Lau to agree to buy the car for HK$85‚000 within the week that is an acceptance of the offer‚ however‚ the letter was lost in the post. Under the postal rule‚ an acceptance made by posting a letter is effective when it is posted (with prepaid stamp and proper address) even if it is delayed/lost in the post or never reaches the addressee (offeror). The postal rule was set out in Adams v Lindsell (1818) : On 2 September 1818 the defendants posted an offer to
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12 Why Teams Don’t Work J. Richard Hackman A few years ago‚ Paul Osterman‚ an economist at MIT‚ did a careful national survey of innovative work practices in U.S. manufacturing firms. He found that more than half the companies surveyed were using teams—and that some 40% of these companies reported having more than half the organization working in teams (Osterman‚ 1994). How well do all these teams perform? To judge from books and articles written for a managerial audience‚ the answer is clear:
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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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