Scenario Natasha Miller Applied Business Law Everest University November 16, 2014 In this scenario, Delilah and I have an agency relationship. An agency relationship is where a principal engages an agent to carry out various duties on his or her behalf. This relationship involves delegating decision making powers to the agent by the principle; which means trust is a fundamental requirement for it to succeed. The agreement is that Delilah will negotiate the contract for wood pulp with the third
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PART A Q1.Distinguish between the role of Criminal Law and Civil Law in relation to the English Legal System and analyze the purpose the law is attempting to serve in this area. Nowadays, law is very important for every country all over the world. It is known as a system of rules, which every people have to obey that. The Legal system of England gets two main categories: criminal law and civil law. Firstly, Criminal law is one of the two main things of the legal system of England, which
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CHAPTER 1 “LEGAL FOUNDATIONS” Administrative law is the body of law that governs the activities of administrative agencies of government. Clean hands doctrine a rule of law that a person coming to court with a lawsuit or petition for a court order must be free from unfair conduct (have "clean hands" or not have done anything wrong) in regard to the subject matter of his/her claim. Common law is based on precedent (legal principles developed in earlier case law) instead of statutory laws. It
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The Nature of Agency within a Business Due to the complexity of a business and the many functions that an owner and/or governing body must handle on a daily basis, it seems quite normal for an employee to be authorized to purchase, order and receive items needed for the business. This vital function allows an individual to act on the owner’s behalf by obtaining supplies and/or merchandise which is needed to supply the company without the continual involvement of the owner. In regards to this paper
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Running head: LEGAL FORMS OF BUSINESS PAPER Alumina and BP Scenario Collaborative Analysis University of Phoenix Pedro E. Grave de Peralta LAW531-Business Law Ken Marc July 28, 2012 This paper will be discussed, as well as explaining sole proprietorship, partnership, limited liability partnership, Limited Liability Company, S corporation, franchise, and corporate form
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ESSENTIAL ASPECTS FOR BUSINESS OF THE CONSUMER PROTECTION ACT 1. WHO IS AFFECTED BY THE CONSUMER PROTECTION ACT (“CPA”)? • • • • Suppliers of products Suppliers of services Dual suppliers of services and products Consumers 4. DISADVANTAGES OF THE CPA • Commercial uncertainty: e.g. the fact that consumers can terminate longterm contracts will make projections and budgeting dif cult for certain industries. Contractual uncertainty: e.g. suppliers will not always be sure whether they have contractual
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Aspects of Contract Law and Negligence UNIT# 05 Table of Content | | Introduction | 3 | Loc: 01 Understanding Essential Elements Of A Valid Contract In A Business Context Task 11: Essential Elements of Business Contract 2: Three Different Types of Business Contracts and Their Advantages And Disadvantages 3: Terms in
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International Legal and Ethical Issues Contemporary Business Law-LAW/421 Dina Centifanti Gledhill May 28, 2012 International trade is important and beneficial to business. However international trade must be guided with a safeguard of interests, specific business contract, defined law, forum of dispute settlement, and understanding of contract clauses. “A working knowledge of international law helps business owners and managers with global interests reduce risk and increase profits” (Melvin
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Issue: The Issue is whether there is any legal contract between Mr. Power and Ms. Square and if so, what is the legal remedies for Ms. Square. Law: Contract is an agreement between two or more parties including promises by each other which they intend to be legally enforceable. A legal contract must contain the three main parts that is, agreement and legal intention, consideration. Firstly, whether it is an agreement only if there is a valid offer followed by a valid acceptance and communicated
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ANS: For managing contracts it is important to break down contract management in to three phases. 1. Planning, Solicitation and Bidding (Preward) 2. Negotiation and Signing (Award) 3. Implementation (Post ward) In contract management process these phases comprise six major activities for the seller. 1. Buyer Procurement Planning: The process of identifying which business needs can be best met by processing products or services outside the organization. Seller Presales
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