Relations Quiz To Buy This material Click below link http://www.uoptutors.com/MGT-434/MGT-434-Week-2-Individual-Employer-Employee-Relations-Quiz Little Lamb Company needs an additional programmer for a special project. The company enters into a contract with Mary to complete this project. Just as the project is nearing completion, a new need arises for her services. She is asked to continue with the company to complete the new project. While completing the new project, the supervisor begins working
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Contract Law LAW OF CONTRACT Name: Institution: A contract can be simply defined as an agreement made by parties that is legally binding by its nature. It can also be defined as legally binding set of promises or promises (Lawrence & Elizabeth, 2007). A breach of any aspects of the agreement or a promise that constitutes a contract will lead to a subsequent remedy from the party that has been accused of the breach. The law of contract as shall be later discussed has provided
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the bank engaged in rigging bids for guaranteed investment for contracts during the time of 1997-2005 in connection with $14.3 billion of muni bonds. There are certain elements for contracts, legal competency, mutual agreement, legal objective, consideration and written contract. Good Faith means honesty in fact in the conduct or transaction concerned. Basically if either one individual or Bank comes in agreement for a contract each other will deal with the other honestly, fairly, and in good
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the Sacketts win the case. The parties entered into an oral collateral contract for Briggs to sell his house to the Sacketts under the conditions that the Sacketts pay the three months’ arrearages on the loan and agree to make future payments on the mortgage. After fifteen years Briggs filed an action to void the oral contract as in violation of the Statute of Frauds. Although the Statute of Frauds requires collateral contracts to be in writing, there is an exception that overrides this requirement
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Law of Contract The nature of contract law: The law relating to contracts is a subject matter of private law. The governing law of contracts is the Contract Act 1872, which is predominantly a private law. The public law, however, comes into play when the parties are at breach of contracts. For example, the courts can award damages/compensation for the breach of contract, which is an act of public law. Contract law is part of law of obligation, which has other sources such as law of torts which
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Week 6 : Contracts and E-Commerce - Quiz Top of Form Time Remaining: | | Question 1. 1. (TCO 6) Explain the basic requirements that must be met for a contract to be enforceable. (Points : 10) | Question 2. 2. (TCO 7) Define emancipation, and list a few possible reasons for its occurrence. (Points : 5) | Question 3. 3. (TCO 7) When Samantha’s grandmother died, her mother asked her to help clean out her grandmother’s home. The books and clothing
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Critical Analysis BUS311: Business Law 1 July 25, 2011 The elements of an enforceable contract must contain six elements: offer and acceptance, mutual agreement, consideration, competent parties, legality of purpose, and proper form. Contracts may be classified in several ways, depending on the manner in which they are created, expressed, or performed. Thus a contract may be either oral or written; it may be express or implied; it may be formal or simple; and it may be entire or
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[pic] BTEC Level 5 HND in Business Module Handbook Unit 5: Aspects of Contract and Negligence for Business Unit code: Y/601/0563 QCF level: 4 Credit value: 15 credits Module Tutor: Anila Mushtaq Contact Details: anila.mushtaq@yahoo.co.uk Preferred style of contact: In the first instance, if you have any queries regarding the teaching or assessment for this module, please ask question during the lecture. If you do not receive
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would pay the three months’ that they were behind and the future payments. After 15 years Robert Brigss filed an action to void the oral contract as in violation of the Statute of Frauds and evict the Sacketts from the house. The applicable issue in this case is contracts involving interests in real property; because according to the statute of frauds any contract that transfers an ownership interest in real property must be in writing to be enforceable (Cheeseman p 220). The Sacketts family only
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of the company. Aside from rescinding the contract, the company can seek to obtain a range of remedies such as an injunction to stop the breach of duty continuing, a constructive trust over assets acquired arising from the breach of duty, an account of profits to strip away gains made by the breach of the duty or equitable compensation. For contraventions of the statutory duties, both ss182 and 183 are civil penalty provisions under s1317E. Therefore, breach of these provisions may result in a declaration
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