BM018-3-1-BLW – Business Law (Individual Assignment) By: FAGAN RZABEILI TP029475 Lecturer: Ms.Krystle Loh Su-Lin LEVEL: 1 Submission Date: 14-07-2014 ASIA PACIFIC UNIVERSITY OF TECHNOLOGY & INNOVATION Words Count: 606 * Question 1 In addressing the above question, the provision of this Act is where goods are sold by a person who is not the owner and who does not sell them under the authority of the owner, the buyer does not get any title. Thereby, owner of
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goods hires them out to the hirer and gives him the option to purchase the goods. This option may or may not be exercised and there is no contract unless the option is exercised. Hire Purchase agreements in Kenya are governed either by the common law or the Hire Purchase Act. Although not all Hire Purchase Agreements are covered by the Act, they nevertheless share many characteristics. That is why it is important to study the basic principles of the Act. NATURE OF THE HIRE-PURCHASE AGREEMENT
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appellate winner: Dean Witter Reynolds, Inc. Winner of this decision: Dean Witter Reynolds, Inc. Facts: Miguel Millan was an employee of Dean Witter Reynolds, Inc. His mother, Maria Millan, opened two brokerage accounts at her son’s place of business. During a three year time frame, Miguel Millan took $287,000 from his mother’s account without her permission. As a result, Maria Millan sued both her son and the company for unauthorized transactions and negligence. Plaintiff’s theory: Miguel
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In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and apromisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas) (1842) 2 QB 851. Rules of consideration There are various rules governing the law of consideration:
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Members Bills Individual Member of Parliaments (MPs) is sometimes referred to as private members. They are allowed to introduce or make proposals for new laws that aren't necessarily supported or planned by the government. These proposals are called Private Members' Bills. Basically, Private Members' Bills give MPs a chance to introduce new laws. There are three ways to introduce a Private Members' Bill in the House of Commons: the balloted bill, the ten minute rule and the presentation bill.
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Generally, wholesalers are strictly liable for defects in the products they sell. But some courts find no liability for latent or hidden defects if the wholesaler sells the products in exactly the same condition it received them. C. Retailers Generally, retailers are held strictly liable because they have a duty to inspect and care for the products. D. Sellers of Used Goods and Occasional Sellers Occasional sellers (garage sales) of used goods are usually not held strictly liable because
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Lauren Curtis Business Law William Chipman Chapter Ten 1. Question Number Two. Special rules that apply to auctions is that unless the auction is advertised with the statement ‘’without reserve’’ then an auctioneer is not required to take the final offer/highest bid. 2. Question Number Three. Firm offers are irrevocable and have to be in signed writing, offeror must be a merchant, and the firm offer must contain assurances. An option the offeror has to promise to hold the offer open
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Business Law is the legitimate field in charge of the locale, control, oversight, and approval of all communicated legitimate certain inside business rehearses business operations, and customer dealings occurring inside a business setting. Much of the time, Commercial Law will stick to the assortment of organizations, strategies for trade, and business endeavours that happen in a specific zone or district; these sorts of business foundations will regularly extend in size, staff, administration, and
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Questions for Chapter 1 3Both of them is a part of a foundation of government or corporation’s rules. 6 Yes definitely. Because the U.S constitution is the supreme law in the USA. It can not be changed. It guides the American Law and Culture. 8 1- It needs to find early cases about this new case. 2- It needs to find the rule of the law 3- It needs to place the rule in the new case. 10 Yes definitely. It can not be a relation between the defendant and the plaintiff. That is definitely illegal. The
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Business Entities, Laws and Regulations Mario Zapata April 28, 2011 BUS/415 University of Phoenix Michael John Abstract A partnership of entrepreneurs is planning in open a new sport restaurant bar, with big screen television, but the entrepreneurs do not have enough capital to complete the project. A wealthy investor is willing to participate in the business plan, but wants a percentage of the company. In this paper Mario Zapata examines the process of completed the new sport’s restaurant
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