awarded damages and costs. Bench Win, which only later discovered that the plaintiffs were squatters, pleaded that the consideration for the compensation agreement was illegal and the contract were void. Issues Whether the contact void and unenforceable? Whether plaintiffs use of premises as consideration for contract unlawful? Decision The court dismissing the claims with costs.The compensation agreement between the plaintiffs and Bench Win were void and unenforceable on the ground of illegality
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What should the price of a gallon of fuel oil represent to a customer? What do you get for that price? “Purchase decisions are based on how consumers perceive prices and what they consider the current actual price to be—not on the marketer’s stated price” states Kotler (2012). He further goes on to explain that customers may have a lower price threshold at which prices means inferior or unacceptable quality, while a high price threshold at which prices are refused determine that the product is not
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checks o not current supplier • Westbank provides free checks at a cost of $8M per year • Current situation – 50% split suppliers, last 5 years o Supplier A prints and mails 50% checks, renewed contract 8 months ago o Supplier B prints and mails 50% checks, contract expires in 4 months o Each 2 year contract, good quality and service o Costs studied one year ago, determined pricing was fair BASIC ISSUES; (note - tie to elements from textbook) 1. Purchasing for a service organization. 2. The
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Question 1: Ian brings a claim for breach of contract against Ben. Discuss whether Ian and Ben formed an enforceable contract and whether Ian is likely to succeed with his claim An enforceable contract can be described as an agreement that can be enforced by the courts. However there are certain essential elements of a valid and enforceable contract. For this purpose, it is required that one party should make an offer and the other party should accept the offer. Similarly there should be a meeting
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that he would be enforcing the contract and she would not be getting her deposit back per the term of the contract. In an attempt to get her deposit back Vivian sues Bernie claiming that her sole pep up of receiving the deposit back if Bernie had been the one to br individually the contract was not sufficient under the mutuality rule and at that placefore the contract is voi d. The purpose of this memo is to clarify through Virginia type legal philosophy if this contract lacked mutual con rampration
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Technology has now become a new and efficient way for companies and organizations to communicate and coordinate workflow and task to their employees in remote locations. There are a lot of advantages that Statoil will benefit from as a result of the IT Step initiative. Options 1 The first option I would suggest is to begin communicating with employees the opportunity of gaining additional skills via the IT Step initiative. Providing a survey or questionnaire would be a great tool that will provide
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ever, did the parties have a contract? Big Time Toymaker (BTT) granted Chou an agreement to a option contract. BTT pays Chou $25K to keep exclusive negotiation rights for a 90-day period. Therefore, BTT purchased the rights to negotiate a distribution agreement for Chou’s invention (a board game). The agreement stipulated that at the end of the 90-day period, if the parties could not come to terms on a distribution deal. Chou would be free to enter into a contract with another distribution company
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colleagues to the world of contracts. Prepare a 2–3-page, double-spaced document explaining the essential elements of a contract and the applicable remedies in the event of a breach. What is required for a valid offer? How can one accept an offer? What is the concept of consideration and what form(s) can consideration take in creating a contract? What factors must be considered in assessing the legal sufficiency of an offer, acceptance, and consideration in determining whether a contract is enforceable? In
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essential elements of a valid contract in a business context Task 1 Explain and apply the importance of the essential elements required for the formation of a valid contract 1.1: Explain the importance of the essential elements required for the formation of a valid contract Law means rules were setting in one country and every one must comply with it. And as people know almost people in the world work base on contract and contract must comply with law. If one contract want effective it must require
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Event Coordinator Agreement This Agreement is made effective as of ______________________________, by and between VIVIAN VERNELL EVENT PLANNING & DESIGNS, LLC (VIVIAN VERNELL EVENTS), ADRIENNE VERNELL HUGHES (MANAGING MEMBER) and Client’s Name(s): _______________________________________________________________________. In this Agreement, the party who is contracting to provide services shall be referred to as VIVIAN VERNELL EVENTS and the party who will be receiving the services shall be
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