0823530375 Assignment code: l10059182 Subject: Contract Law Section 1 (1) D (2) C (3) D (4) A (5) D (6) C (7) A (8) E (9) A (10) D (11) E (12) A (13) D (14) B (15) E Section 2 A | 5 | B | 8 | C | 7 | D | 9 | E | 2 | F | 10 | G | 6 | H | 1 | I | 3 | J | 4 | Section 3 Question 1 (1) Repudiation or anticipatory breach – An anticipatory breach of contract occurs when one of the parties unlawfully and
Words: 5013 - Pages: 21
Contract Law Name: Institution: Question 2 In instigating a legal redress against the company, Patrick would argue that the company owed him a legal duty to care a reasonable man would consider under the circumstances (Schwartz, Alan, and Robert 542). Patrick would argue that by the company failing to exercise this reasonable duty to care, he suffered actual damages (Schwartz, Alan, and Robert 546). Patrick can sue the company for negligent and claim for damages upon approving
Words: 539 - Pages: 3
Example, when a company is doing their advertisement with a given reward, he must intend about the contract. If the company do not state the duration for the advertisement, for the people opinion is that the offer is still open. To make the contract exist between the company and the buyer is when the buyer uses their product even without informing the company about it. 2.) Consideration Both of each party must provide something like money
Words: 578 - Pages: 3
Algonquin College Table of Contents Abstract 3 Original Court Decision 4 Courte of Appeal 6 The Supreme Courte of Canada 7 The Significance and Impact of the Decision 7 Contract A and Contract B 8 Bibliography 10 Abstract Ron Engineering case is one of the cases where state government and private companies defend their interests in the court. What can lead to changing of ruling and overall law perception. Because of the tender’s mistake, Ron Engineering & Construction Ltd. decided
Words: 2219 - Pages: 9
FASB, had an open debate in December of 2008 on revenue recognition concerning the changes in customer contract and the obligation between them and the seller. The debate focused on uniform standards for both United States companies that use GAAP and other non- foreign companies using IFRS (Mintz, 2009). The two bodies wanted to achieve continuity on revenue recognition for similar contracts, regardless of the company’s origin. This advancement would increase the quality of revenue recognition
Words: 1708 - Pages: 7
the buyer with perks to pick their product so that he could get the contract that Acme Corporation had been trying to get for so long. By Frank offering tickets to games or vacations he was able to get that contract. Sure, that seems enticing and it seems like Frank is building a relationship with Otis. However, if you really look at the big picture, Frank is actually using a tactic to bring Otis closer in to close the contract. Frank is not using the product he is making the decision to make the
Words: 517 - Pages: 3
Business law and contracts Introduction There are quite a number of business entity that are lead and regulated by various laws.Theselawsensures that each business operates within its jurisdictions. In running a business, one has to deal with various types of contracts with other businesses or different individuals. Whatever types of businesses that one dealin, understanding of business contracts is an essential part of running a business and making sound agreements that can be defended in a
Words: 2646 - Pages: 11
Threadless: Make Great Together Threadless is an online, Chicago-based t-shirt company founded in 2000. Threadless does not have internal designers to create its product designs, instead Threadless tees are designed by its own community of designers, bloggers, and buyers, who help create, revise, and even choose which design to print and sell through the voting system. On the other hand, the company is serving as an outlet for designers in the community to sell their arts. The community, as the
Words: 1690 - Pages: 7
ZZZZ Best company Inc. Summary “ZZZZ Best company” was founded by 16-year old Barry Minkow. The core activity of company was carpet cleaning. As he began doing business, Minkow soon realized that carpet cleaning was a difficult way to earn money because customers always complained and vendors demanded payments. Soon Minkow started seeking for financing but realized that bank were not willing to lend him money due to his age and low profitability of his business. That’s why he came up with the
Words: 1399 - Pages: 6
agreement? Rule: The elements for acceptance were (1) the offeree intended to enter the contract, (2) the offeree accepted on the terms proposed by the offeror, and (3) the offeree communicated his acceptance to the offeror. Application: Citibank first must prove that Wilson’s intention to enter the contract. If the offeree objectively indicates a present intent to contract on the terms of the offer for a contract to result, this element is satisfied. Here, since Wilson applied for Citibank credit
Words: 1740 - Pages: 7
