(PEPCO), wanted to default on PEPCO’s contract with John’s company, Offshore Drilling Incorporated (ODI). Sprague gave two weeks notice until the papers would be filed. ODI is an offshore drilling contractor that provides mobile drilling rigs, as well as the expertise and personnel to drill the wells on behalf of exploration and production (E&P) companies. John’s client, PEPCO, was one such company. ODI had developed and was operating a rig for PEPCO, and the contract specified that PEPCO would pay ODI
Words: 5059 - Pages: 21
The given set of factors requires a discussion of the rules relating to formation of a contract, particularly focusing on offer and acceptance. According to the section 2(h) of Indian Contract Act 1872, “An agreement enforceable by law is a contract.” There should be two items which are objected to make contract are (i) An Agreement and (ii) Legal Obligation. In section 2(e) defines that, “Every promise and every set of promises, forming the consideration for each others, is an agreement.” From
Words: 1182 - Pages: 5
500 boxes capable of holding twenty to thirty pounds each used to ship Farrars’ tomatoes. Farrar used 3,624 boxes upon arrival to pack tomatoes which according to Farrar failed crushed the packed tomatoes. Farrar reacted by attempted to cancel the contract. International(Wilson) thinks that Farrar already accepted the boxes and should be held to pay for them. For revocation of acceptance we must confirm that the goods are nonconforming or the nonconformity substantially impairs the value of the goods
Words: 482 - Pages: 2
Contract ModificationText Size: | Lawyers.comsm When negotiating a contract, or after a contract has been signed, you may have reason to want to modify, or change, the contract. In general, contract modifications require the agreement of all parties to the contract. This article will discuss how to modify a contract before it's been signed and after it's been signed. A contract is legally binding agreement between two or more parties. The average adult encounters contracts many times in the
Words: 966 - Pages: 4
often happen through the use of technology. Technology makes businesses able to operate by changing relationships between suppliers, producers, retailers and customers. Gone are the days where negotiating a contract meant that you sat down face –to–face with someone and talked about contracts, and deals. Now days, a negotiation can be met and done in a matter of real time minutes. Technology has made this possible and globalization has helped the process. The article that I will speak about in
Words: 900 - Pages: 4
Bait and Switch Dawn L. Barnes Dr. Augustine Weekley LEG500 Law, Ethics, and Corporate Governance November 27, 2011 1. Does the fact that Betty drove three hours in one-hundred-degree heat have any bearing on whether or not the dealer must perform in accordance with the published advertisement? “The First Amendment grants everyone the right to free speech, but sometimes questions arise about how this right should be interpreted, especially since the advent of the Internet”(www.degreedirectory
Words: 1282 - Pages: 6
Post negotiation Analysis of Les Florets Case This case particularly resonates with me because it highlights the problems that arise when two individuals have reference points which do not overlap. An impasse was reached between myself (VP of operations for Les Florets) and the Restaurant owner and this was primarily due to the fact that we both had reference points with a ceiling which we felt we could not exceed. Going into this negotiation as the VP of operations my goal was to primarily
Words: 968 - Pages: 4
OST2335 COMM. IN THE WKFORCE - Fall 2012 ONLINE 412734 Assignment #2 (Chap 5) (Attempt 1 ) TO: FROM: DATE: October 27, 2011 SUBJECT: Chapter 5, Page 143 Complete 5.10 though 5.13 on page 143 of your text book. * 5.10- Rewrite the 5 sentences in plain language; remove the wordiness and buzzwords. a. Being a jack-of-all-trade, Dave worked well in his new general manager job. Being a skilled person, Dave worked well in his new general manager job. b. Moving Leslie into
Words: 534 - Pages: 3
Carpet Air and RCA flight attendants were not part of a union before or after the merger. Therefore, they were not receiving certain benefits that other flight attendants that were working for other airlines were receiving. In 1997 when the old contract was expiring the flight attendants decided to become a union and fight for what they believed they deserved. By joining a union this helps the flight attendants become a stronger team together and have support in fighting for what they
Words: 1415 - Pages: 6
South Wales 11th edition Contracts 12 Author Carolyn Penfold, UNSW, Sydney The information contained in this document is as up-to-date and as accurate as possible at time of publication in August 2009. 340 The Law Handbook A consumer is a person who acquires goods or services for personal or household use. We are all consumers. Most consumer dealings, whatever their size, cost or importance, are based on a contract. The basic principles of contract law are discussed in this chapter
Words: 7128 - Pages: 29
