INTRODUCTION Sec. 145 of Indian Contract Act‚ 1872 deals with the recovery of the sum of money rightfully paid by the surety. The sum assured by the surety to the creditor being paid is divided into two categories: rightfully paid and wrongfully paid. For example‚ as per illustration(a) given with the section‚ when the surety did not pay the sum to the creditor on reasonable grounds‚ but paid it when the creditor sued him‚ it is rightful payment. But‚ as per illustration(b)‚ if there was no reasonable
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Contract Bundling 1. What is contract bundling? According to FAR 2.101 the definition of a bundled contract or bundling refers to the consolidation of two or more procurement requirements for goods or services previously provided or performed under separate smaller contracts into a solicitation of offers for a single contract that is likely to be unsuitable for award to a small business. What this really means is that contract bundling happens when two or more contracts intended for small businesses
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Social contract theory is a theory first talked about by Thomas Hobbes and John Locke and then other philosophers such as Rousseau‚ Paine‚ and Hume; it is a theory suggesting that without state there is the state of nature‚ which is essentially the state of anarchy and consent is made by individuals to create a state as a ‘necessary evil’ as Tomas Paine describes the state. There are two points of disagreement in relation to the state. One is the nature of the state- whether it should be coercive
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to the contracts between Grocery‚ Inc. and its vendors? Do common law contracts apply? Explain your answer in detail. Your answer should compare and contrast law contracts and UCC Article 2 contracts. The Uniform Commercial Code (UCC) Article 2 applies only to contracts for the sale of goods. The definition of goods is defined as goods that are tangible‚ movable‚ or personal property. However‚ UCC Article 2 does not apply to real estate contracts or employment contracts. Common law contracts are for
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WHY DO ATHLETES CHOKE UNDER PRESSURE? Rodrigo Pacheco Carrillo Aalborg Sportshøjskole Aalborg - Denmark 2009 Humanistic Project - Elite Badminton Coach Education Contents 1 Introduction 3 2 Description 4 Theory related to the ´Choking Phenomenon´ 3 Analysis 7 Why do some athletes choke during crucial moments in important competitions? 4 Evaluation 11 How can they mentally work to avoid these situations during their games? 5 Conclusion
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Nabbouh 1 Lama Nabbouh Ms. Carolyne Levine Essay unit 8A May 20 2012 Should songs containing curse words be permitted during school hours: Let’s face it‚ music isn’t what it used to be. What used to be rich‚ meaningful voices has turned into auto-tuned junkies. What’s worst it that these new age artists insist on filling theirs songs with theirs inappropriate language. These popular profanities are increasingly promoting bad behaviour in our children‚ therefore should they be played
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The social contract theory Jean-Jacques Rousseau postulates a foundation of a governing goal in which is to protect equality and uphold individuality. It is to my readings Rousseau distinguished that‚ “All men where born free and but are put into chains by the societies in which they are born ( Bk 1; 1 ).” First law is to provide for his own preservation‚ first cares being those he owes to himself such as food‚ clothing and shelter. As soon as he can think for himself he now is the sole judge of
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Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity‚" or being of legal age and sound competence; "mutual assent‚" or agreement on the terms of a contract; and "consideration‚" or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides
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WHEN DOES AN AGREEMENT BECOME A CONTRACT? (1) There must be some consideration for it According to Section-2(d) of the Indian Contract Act‚ 1872 “When‚ at the desire of the promisor‚ the promisee or any other person has done or abstained from doing‚ or does or abstains from doing‚ or promises to do or to abstain from doing‚ something‚ such act or abstinence or promise is called a consideration for the promise.” According to Section-25 “Agreement without consideration‚ void‚ unless it is in writing
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Recitals: (A) After the Closing‚ Aviation intends to enter into a one year contract with Roundhead Industries Corp. (“Roundhead”) to provide charter services for its executives. Aviation cannot enter the contract with Roundhead until the consummation of the transactions contemplated by this Agreement as Roundhead will not enter the contract until Aviation has full ownership of the Aircraft. The offer to enter the contract will expire on January 13‚ 2012 at 5:00 pm ET.1 Accordingly the parties agree:
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