– OCTOBER SEMESTER 2012 STUDENT NAME: CHU THI HONG TUYEN ID No.: 2448481 BMLW5103 – BUSINESS LAW ASSIGNMENT Question 1 Discuss the enforceability of an agreement which lacks consideration. Using legal authorities (relevant statutes and cases) to support your discussion. Answer: A valid contract is an agreement made between two or more parties that creates rights and obligations that are enforced by law. What does the consideration mean? And what does it effect to the agreement? Consideration is
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The law of contracts forms a substantial part of our various relationships that can have some sort of influence over us on an almost daily basis – even when there is no physical contract in front of us we may still be privy to some sort of contractual obligation. Alternatively‚ if you’re a fan of social theorists such as Jean-Jacques Rousseau‚ you may argue that we’re also bound by ‘the social contract’‚ but we digress. Getting back to our original point‚ the law of contracts plays
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------------------------------------------------- COMPANY LIQUIDATION - REFORMS AND RESTATEMENT OF THE LAW INTRODUCTION The remit of Working Group D (Insolvency and Corporate Securities) of the Corporate Law Reform Committee (CLRC) is to consider the current law and practice relevant to corporate insolvency. The objective of the review of this area of the law is for the creation of a corporate insolvency framework: * that is facilitative to the winding up of companies where there is no prospect
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MS EDUCONZ PVT. LTD. LAW& AUDIT What is Law? Law means a ‘set of rules’ which governs our behaviours and relating in a civilized society. So there is no need of Law in a uncivilized society. Why Should One Know Law? One should know the law to which he is subject because ignorance of law is no excuse. Sources of Mercantile Law in India English Mercantile Indian Status Law Judicial Decisions Customs and Usages STUDY NOTE – 1 : INDIAN CONTRACT ACT‚ 1872 Section 1:Short Title The
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-Bona Fide Occupational Requirement: is a genuine requirement for a job‚ such as‚ for example‚ the need to wear a hard hat when working on a construction site. Bona fide occupational requirement is a defence that excuses discrimination o a prohibited ground when it is done for a legitimate business reason. Bona Fide occupational requirement can be rejected if a male does not have the care‚ attractiveness and delegacy a women would have. Physical capabilities have also been rejected example a women
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Immigration Law and Reform The current immigration situation of the U.S. is bleak and has been for sometime‚ post 9/11 has brought forth a paranoia that is very debilitating to the immigrant community and its aftershocks are still being felt to this day. The obstacles emplaced on the hopeful citizen or resident to our country are high‚ and almost impossible to overcome and the controversy remains to get more tangled in complicated rhetoric and patriotic zealots who are NOT thinking of alternatives
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University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company (including the single member LLC)‚ S Corporation‚ Franchise‚ and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary
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THE INDIAN FAMILY FRAME---- RESPONSIBILITY OF LAW *Dr. K. Uma Devi **Dr. G. Indira Priya Darsini Introduction: Family is a basic and universal unit of human society. It performs functions that are necessary for the continuity‚ integration and development of social life. In most traditional societies family has been the unit of social‚ cultural‚ religious‚ economic and political activities and organizations. In modern industrial societies‚ the family performs primarily the functions of reproduction
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The information revolution and the advances in technology during the past decades has brought to fore many challenges and issues to both governments and businesses‚ the age-old crime of espionage or the practice of spying to gather secret information is one the most potential issues facing information-based societies. Although‚ much has been documented as fact and fiction concerning the traditional foreign agents and spies‚ in today ’s world of multi-national‚ multi-billion dollar corporations‚ and
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International College of Business and Human Resources Development Common Law Assignment 1 BMT: 387-09-09 Task 1(P1) A contract may be defined as an agreement which legally binds the parties. A party to a contract is bound because he has agreed to be bound. The underlying theory then is that a contract is the outcome of ‘consenting minds’. Parties are not judged by what is in their minds what they have said‚ written or done. Contracts are
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