contractors will be included. The booklet is based on project coordination showing the progress in the construction process. The sections follow project phases from tender to handing over - in a main contractor contract. As turnkey contracting has been used to an ever increasing degree – this contract form will also be touched upon. No rules without exemptions – assignment solutions may have a certain optional character. The printed version of the handbook contains: Specification of the construction
Words: 15776 - Pages: 64
“Contracts made by minors are void”. Explain this statement and discuss its exceptions. Contracts entered into by a minor, one below the age at which state law deems persons to possess capacity to contract, currently 18 years old in most states are generally voidable by the minor-party, even if he misrepresented his age. A minor can furthermore avoid contractual obligations for a reasonable time after attaining the age of majority. However, if he fails to disaffirm within a reasonable time
Words: 1559 - Pages: 7
| Pages | Contact Documents | 1 | Execution of the Contract | 1 | Requirement of Writing | 1 | Domestic Building Contracts | 2 | Variations | 2 | Question 2 | | How a Court Interprets Ambiguities and Inconsistencies | 2 & 3 | Definitions of Key Words | 3 | Order of Precedence | 3 | The Parol Evidence Rule | 3 | “Maxims” of Construction | 3 & 4 | Relevant Clauses | 4 | Rectification of Contracts | 4 | Criteria for Rectification | 4 | Question
Words: 3657 - Pages: 15
-1- Information Memorandum Ichitan Group Public Company Limited (ICHI) Head Office 2922/301-303, 28th Fl. Charn Issara II Bldg. New Pethchburi Rd., Bangkapi, Huaykwang, Bangkok 10310 Tel 0-2716-5555 Fax 0-2716-7000 Website www.ichitangroup.com Listing Date 21 April 2014 (First Trading Day: 21 April 2014) Listing Securities Number of common shares 1,300,000,000 shares, Par value per share of THB 1 Total value of THB 1,300 million, the number of new common shares offered to
Words: 15723 - Pages: 63
pioneer settlers made agreements and bargained with one another in order to obtain goods and services; including food, shelter, farming assistance and equipment; with no more formality, than by word of mouth (thus the emergence “your word is your bond” phrase.) As the settler population increased, a promissory oral pledge, transformed from word of mouth to a handshake, which in fact “sealed the deal”. In many early settlements, the buyer’s and seller’s terms of the agreement was only in the form
Words: 1444 - Pages: 6
THE LIBYAN ASSET FREEZE AND ITS APPLICATION TO FOREIGN GOVERNMENT DEPOSITS IN OVERSEAS BRANCHES OF UNITED STATES BANKS: LIBYAN ARAB FOREIGN BANK v. BANKERS TRUST CO. Corinne R. Rutzke* INTRODUCTION United States asset freezes are political weapons invoked in response to international crises.' Traditionally, United States asset freezes have blocked foreign government assets within the jurisdiction of the United States.2 Following the 1979 Iranian hostage crisis, however, United States peacetime asset
Words: 21247 - Pages: 85
2013 In order for a contract to be binding, there must be a valid offer. An offer is the expression of a proposal by which an individual is seeking to do something. For example, a person might offer to sell something or provide a service. Additionally, the offer must indicate that the person is willing to do something for the other person. Moreover, the person making the offer must intend to make a legally binding offer. In order to constitute a legally binding contract, there must an acceptance
Words: 578 - Pages: 3
Lecture 1 Definition "A contract is an agreement giving rise to obligations which are enforced or recognised by law." An agreement is insufficient. Are the parties serious about it - intention? Is there consideration involved? It must be something that is recognized by the law. Otherwise it cannot get any compensation. Functions of Contract Law It defines the obligations of the contractual parties - price, when and where to deliver, conditions, etc. Contract law protects rights, and
Words: 1618 - Pages: 7
enforce the agreement. Wally argues that under the UCC statute of frauds the agreement is not enforceable because it is not in writing. Issue1: Wally signed the order form; so the contract is in writing; 1. Under §810ILCS 5/2-201”formal requirements” regarding any contract for the sale of goods for the price of $500 or more is not enforceable unless there is some writing sufficient to indicate a contract for the sale of goods, it does not require that any writing contain all the terms of
Words: 696 - Pages: 3
arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts. Arbitration can be either voluntary or mandatory (although mandatory arbitration can only come from a statute or from a contract that is voluntarily entered into, where the parties agree to hold all existing or future disputes to arbitration, without necessarily knowing, specifically, what disputes will ever occur) and can be either binding or
Words: 4238 - Pages: 17
