over a specific thing (like ownership, possession, mortgage),without a definite passive subject against whom the right may be personally enforced.- there is only a definite active subject without any definite passive subject Law on Obligations and Contracts (Part 2) Nature and Effects of Obligations The following are the rights available to a creditor in obligations to give: If it is a determinate thing: 1. To compel specific performance 2. To recover damages in case of breach 3. Acquires personal
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Student Name Instructor Name University Affiliation Date Abstract Consideration is the price that the promisor asks in exchange for their promise, that is, the price of a given promise. Consideration is not a significant part of a contract in a number of jurisdictions. Once parties have reached a binding agreement, that becomes sufficient. Nevertheless, the common law requires that for agreement to be binding, the person to whom a promise is made (promisee) must offer consideration
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CONTRACTS PROJECT A CASE ANALYSIS ON Stilk v Myrick 16 December 1809 (1809) 2 Campbell 317 170 E.R. 1168 BY ROHAN GOSWAMI NATIONAL LAW UNIVERSITY, ODISHA ROLL NUMBER: 042 SEMESTER: SECOND SEMESTER COURSE: B.A. L.L.B Email: 12BA042@nluo.ac.in FEBRUARY 2013 This case analysis forms a part of the internal assignment and was assigned by the subject Professor Mr Rangin Pallav Tripathy. Issues that would be dealt with in the following case analysis: * The Law as it stood before
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Encouraging employees who date to sign a consensual relationship agreement, also known as a love contract, in my future workplace could be seen as an added benefit to working with the company. The company would be protected against a sexual harassment lawsuit because it was properly documented that the relationship was consensual and the sexual harassment policies were thoroughly explained. The contract would ensure that the relationship is consensual and not forced. In the event the relationship goes
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KwikCo, is looking for a courier service which they can use exclusively to deliver parcels and documents to their clients. The advertisement calls for expressions of interest, stating that "those parties wishing to be considered for the courier contract with KwikCo should submit an application in writing to be received in KwikCo's office by 5pm on Friday, 25 April, 2008." On Monday, 21 April 2008, A sends a letter to KwikCo giving information about her company and its experience as a courier service
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Basis for Bid Evaluation 11 1.10. Ethical Standards 11 1.11. Responsibility for Surety Bonds 11 1.12. Proposal Format 11 1.13. List of Bidders 11 1.14. Letter of Acknowledgment 11 2. DESCRIPTION OF WORK 12 2.1. Engineering Contracts 12 2.2. Construction Contracts 13 3. PROPOSAL 13 3.1. Breakdown of Bid Price 14 3.2. Revisions and Extra Work 14 3.3. Escalation Formulas 14 3.4. Scheduled Completion Dates 14 3.5. List of Subcontractors 14 3.6. Key Supplier or Contractor Personnel 14 3
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essentials for a Valid Contract? Describe them in details. Essential of a Valid Contract All contracts are agreement but all agreements need not be contracts. The agreements that create legal obligation only are contracts. This validity of an enforced able agreement depends upon whether the agreement satisfies the essential requirements laid down in the acts. Section 10 lays down that ‘all the agreement are contracts if they are made by the free consent of the parties competent to contract for a lawful object
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percentage of completion method to the completed contract method for one of its contracts with one of its customers, Halibut. The contract called for a six-axis laser, cutting machine that would be used to cut aircraft wings for fighter jets that would be sold by Halibut to a large government buyer. LabCo realized that this would be a unique arrangement that would require a lot of specifications, however, based on its experience with similar contracts and with working with Halibut before, LabCo decided
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Lucent Technologies, Inc. Revenue Recognition CONCEPTS a. In your own words, define “revenues.” Explain how revenues are different from “gains.” Estos se pueden definir como aquellos recursos de carácter económico generados por una entidad en un lapso de tiempo; de acuerdo con las Normas de Información Financiera, estos se pueden definir como el incremento de los activos o el decremento de los pasivos de una entidad, durante un periodo contable, con un impacto favorable en la utilidad
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contemplated when taking legal action on a foreign business partner. In the simulation the best selection for a choice of law clause is to use the Candorean Regulations for Technology Import Contracts since Candoria is more likely to use their government’s rules and regulations in proceeding with the terms of the contract. Other considerations include cultural and employment issues according to their government policies that are in place. Factors That Can Work Against CadMex Sublicensing Decision The
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