Essential Elements of a Contract “A contract is an agreement that can be enforced in court. It is formed by two or more parties who agree to perform or to refrain from performing some act now or in the future.” (pg 208) Recently I was faced with a situation regarding a contract that was not in writing and I had to explain that as long as a verbal contract contains the four essential elements of a contract it is binding. We are so accustomed to seeing contracts in writing that many people assume
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education on potential growth of productivity is not taken into calculation. The new theory of economic growth developed in the early 80s comes to correct this shortcoming of the classical theory emphasizing the importance of education and innovation‚ (elements of human capital) in long-term economic growth. In contrast to this‚ the theory of market value‚ shows that studies have highlighted the influence of intangible assets such as research and development‚ patents‚ intellectual capital on the market
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in laws and culture today. There was the 18th amendment‚ which banned alcohol‚ there was also no gay marriage allowed. One big thing about U.S society in the 1920s was that Christianity was the main religion and there were many things in the bible that were questionable and people didn’t agree with. Today there are many more religions and cultures accepted in the United States. Although society has improved there continues to be conflicts over laws and society that are similar to what America had
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Elements of processor Computer processor is the main part of the computer because it is responsible for all the operations done through the computer. In order to work‚ some components must exist inside the CPU chip. Here is an overview of such components. The processor is mainly the brain of the computer because it controls all the processes done through the computer from typing to transferring data to remote computers. Inside the processor there are some basic elements the work together to make
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was introducing a 60-day‚ half-price sale for flights between Dallas and Hobby‚ which is Southwest Airlines’ only profitable route. Southwest needs to determine how to respond to this threatening strategic pricing move by Braniff in order to continuously stay ahead of their losses‚ and possibly reduce or eliminate it further for that operating year. Situational Analysis 3Cs: Competition Before Southwest was established‚ two airlines were servicing the geographic market - Braniff International
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1. In my opinion‚ Southwest should not save low-numbered boarding cards for its most frequent fliers. First of all‚ that would go against the idea of having simplicity in its operations systems. If Southwest reserved their low number boarding cards for its most frequent fliers‚ the airline would run into complications with customer seating preferences or disagreements. This would cause the established simple system of Southwest to be ineffective if certain exceptions would be made for frequent fliers
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Elements of Drama The Essential elements of drama are present in any play that you see‚ but the ideas have changed slightly over the years. Aristotle was the first to write about these essential elements‚ more than two thousand years ago‚ yet we still discuss his list when talking about what makes the best drama. Aristotle considered six things to be essential to good drama. Plot‚ Character‚ Theme‚ dialogue‚ music/rhythm and spectacle. In modern theater‚ this list has changed slightly
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Elements of Democracy I believe Canada does not have a true democracy. Canada does not exhibit three of eight elements of democracy: political equality‚ common good and human dignity. One of the elements of having a democracy is political equality. Political equality is when every citizen has the right to vote and run for office and to speak on public issues. However the requirement to be able to vote and run for office in Canada is you must be a Canadian citizen and be above the age of 18. I think
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Elements of a crime The basic components of a criminal offense are listed below;[2] generally‚ each element of an offense falls into one or another of these categories. At common law‚ conduct could not be considered criminal unless a defendant possessed some level of intention — either purpose‚ knowledge‚ or recklessness — with regard to both the nature of his alleged conduct and the existence of the factual circumstances under which the law considered that conduct criminal. However‚ for some
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Operations Southwest Airlines operates as a major passenger airline that provides scheduled air transportation in the United States and near international markets (southwest.com). In addition‚ at December 31‚ 2016‚ South West functioned with a total of 723 Boeing‚ 737 aircraft and 101 destination in 40 states‚ the Commonwealth of Puerto Rico‚ and eight near International countries such as Mexico‚ Jamaica‚ The Bahamas‚ Aruba‚ The Dominican Republic‚ Costa Rica‚ and Cuba (Nasdaq.com). Southwest was originally
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