Investment Firm – Legal Issues Question 4 Contract Law Major issues faced by the U.R.E Investment Firm LLC in relation with contract law are lack of proper terms and conditions, lack of importance of health and security of the employees, and one of the most important issue is companies sometime when entering into any contract do not make anything in writing these are some major issues faced by the country in relation with the contract act. A contract is an agreement enforceable by law. Every time
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dispute have the option of selecting an arbitrator, submitting evidence, and written opinions. It is important when a company agree to use an arbitrator that they sign a binding arbitration clause, which states that if any dispute arising under the contract will be settled through arbitration. According to Nancy Kwubasck professor of law at Bowling Green State University, there are several advantages of arbitration. Arbitration is cheaper, involves no lawyers, and offers a lack of publicity.
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sued by a shopper in Small Claims Court for a breach of contract. As you've described it, the shopper claims that she responded to an ad for a "manufacturer's closeout" of designer leather coats; the ad stated that the "early" shopper would "catch the savings." The shopper complains that Loman's failed to have the merchandise to sell at the advertised price. Specifically, you have asked for advice on the question whether Loman's breached a contract with the shopper under the circumstances. After researching
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1. Case study (a) The contractual relationship between you and the plumber is contractor and subcontractor. (b) The plumber can review the plumbing tender and correct the error in his price. Because his price was not confirmed in writting. (c) To prevent this situation, to the subcontractor side, the tender document should be double checked; to the contractor side, all the tender price should be confirm in writting. 2. The annotation means included in the reference of ‘R v M [1995]
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Contract costing is an extension of job costing method, whereby the job to be carried out is not a small job of printing cards, fabricating machines etc., but the job involved is a big job to construct building etc., under a contract. In the history of costing, when contract costing was introduced as a method of costing, financial accounting already had a system of accounting for construction contracts. The same system was adopted under cost accounting as well. This is the reason why contract
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the signing of a base disaster recovery contract with a vendor that you feel will be able to satisfy your requirements over a long period of time. Remember that a commitment to disaster recovery is not for the short fall, but for the long term protection of your organization. Therefore since your investment both in time and money will be considerable, you must make sure that this investment is made wisely. Any disaster recovery vendor should offer contract terms that will fit your particular needs
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Contract Creation and Management Assignment Paper George Van Hoosier LAW 531 June 26, 2012 Dr. Beverly Spencer Contract Creation and Management The scenario presented is on contractual conflicts. In summary, a software development company and a hotel company entered into a business partnership to develop an electronic reservation system for the hotel company. The groundwork of the plan changed and obfuscated what was expected by both parties. These changes were not communicated well enough
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When international buyers and sellers disagree No matter what line of business you’re in, you can’t escape sex. That may have been one conclusion drawn by an American exporter of meat products after a dispute with a German customer over a shipment of pork livers. Here’s how the disagreement came about: The American exporter was contracted to ship ‘30,000 lbs. of freshly frozen U.S. pork livers, customary merchandisable quality, first rate brands.’ As the shipment that was prepared met the exacting
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Theory to Practice Normally the contract would have been formed when before the expiration of the 90 day period the parties reached an oral distribution agreement at the meeting. However, the exclusive negotiation agreement stipulated that no distribution contract existed unless it was in writing. The contract was formed when the BTT manager sent the "Strat Deal" to Chou. Since the e-mail contained all the key terms of the distribution agreement including price, time frames, and obligation of
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Case Summary In 2008, entrepreneurs Eric Rybka and Kyle Vaughn created Hottie Hawg’s Smokin’ BBQ after Rybka became impressed with Vaughn’s grilling techniques and meat preparation. When Rybka initially approached Vaughn about a partnership, there were no numbers or facts given—just a casual suggestion that the two should become partners in a new catering business. Their partnership agreement was simple: Rybka would provide the technical knowledge and support of the operation, while Vaughn would
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