has all the bargaining power and uses it to write the contract primarily to his or her advantage[1]. Breach of Contract Common Breaches of Contract When any contract is made an agreement is formed between parties to carry out a service and payment for that service. If one of the parties fails to carry out their side of the agreement then the party can be said to be in breach of contract. Breach of contract can also occur if work carried out is defective or if one party makes the other aware that
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Vietnam’s Beverage Market Update Friday‚ 16 July 2010 Market structure and size Despite the recent global financial crisis and economic recession‚ Vietnam’s beverage market has managed to remain a strong growth opportunity. Alcoholic consumption in 2009 was estimated at 28‚034 billion VND‚ increasing by 4.47 percent year-on-year (approximately US$1.54 billion‚ falling by 5.88 percent due to the dong devaluation). Accordingly‚ beer sales were estimated at 2‚005 million liters‚ increasing by
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1. Introduction Breach of contract is when one or both parties‚ who came to a mutual agreement‚ do not fulfil their contractual agreement i.e. interfering in the other party’s performance or non-performance by one or both parties. These are only two of the possible five forms of Breach of Contract. The five types of Breach of Contract will now be discussed in detail. 2. There are five different forms in which Breach of Contract can take place: a. Default of the debtor (mora debitoris) i. Explanation
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all different‚ and vary from person to person. My personality is unique and has its own traits. First‚ I’m a curious person who always looks around and wonders how everything happens‚ or causes things to happen. I was at the beach one day when I was younger and just stared at the waves for about 15 minutes‚ wondering what is causing all of it. Second‚ I’m a positive person who always thinks that everything will be all right and that everything will always work out for the better. Being positive always
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registered charities are run by board of directors that are voted in by members of an organization. These organizations are not owner operated. The board of directors for NFP’s and registered charities usually consists of individuals who are leaders or experienced professionals in their respective communities (Carters‚ 2011). No individual has the right to any residual earnings or share capital in these organizations. This report will discuss the roles of directors and how they must perform these roles
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Statutory duties Main statutory duties of a director are provided by s.132 • Where a director breaches common law duties‚ these statutory provisions impose criminal liabilities. • S.132(1) is a general provision that requires directors to act ‘honestly’ at all times and use reasonable diligence in the exercise of their powers. Any breach of fiduciary duty • Duty imposed on directors to avoid conflict of interest by not using confidential information they obtain by virtue of their position
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Theresa booked a flight ticket with AirMalaysia to fly her from Kuala Lumpur to Melbourne on the 1st of December 2009. She has booked and paid the ticket in advance and the flight has confirmed. However‚ on the 1st of December 2009 the flight was cancelled and the airline was unable to give Theresa an alternative flight on same day. Consequently‚ Theresa was forced to put up a night in Kuala Lumpur. The next afternoon‚ she able to flew to Melbourne on another airline. Due to the cancellation of flight
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overall. On the other hand‚ some think that it causes the workers great suffrage from unemployment‚ which leads to loss of homes‚ depression‚ and crimes. Furthermore‚ it affects the economy by the decrease in money flow. Many believe that the people who invest their money in the corporation (shareholders) deserve to have the most interest from the managers to maximize their profits. One method of maximizing their profits is to downsize workers. Some people have a problem with that because they believe
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In order for Buyer to sue Seller for breach of contract regarding the bees and hives‚ Buyer must establish that there was a valid contract. To establish breach of contract‚ Buyer must show there was an offer and acceptance supported by consideration. Bilateral Contract One in which there are mutual promises between two parties to the contract‚ each party is both a promisor and a promise. Right and duty on each side‚ in which a promise is established on both sides. UCC or Common Law
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limitation clause in their contract?? Breach of contract causes a contact to be discharged. This is when one party performs defectively‚ differently from the agreement. This can be done by actual breach‚ when there is no performance‚ or through anticipatory breach‚ when they indicate in advance that they will not be performing as agreed. An offer is when an offeror intends to make legal relations with an offeree on a specific set of terms. The offeror is the party who initiates the offer and the offeree
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