Week 4 Reflection LAW/421 June 15, 2015 Elizabeth Manassau Week 4 Reflection “A contract is promise enforceable by law to either do something or refrain from doing something” (Melvin (2011). We deal with contracts or agreements on a daily basis, it happens everywhere. There are four elements of a contract. First is the agreement, which includes two parts: offer and acceptance, this indicates mutual assent, the second one is consideration, which indicates the values that must be bargained
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Week 8 : Final Exam - Final Exam 1. (TCO 1) Your company owns a piece of land and is in the middle of purchasing this property to expand their footprint in the community. At the last minute, the seller has backed out of the deal, leaving you with few options. Your supervisor wants to explore the options for remedies in this case. What remedies would be available given the type of transaction and outcome at stake? Would legal damages make the company whole? What equitable remedies may be available
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agreement and contract under the Contracts Act 1950 (Revised 1974) A contract is legally binding agreement reached between two parties, the terms of which the courts have the authority and obligation to enforce. An agreement is less formal creation of an obligation between two parties. An agreement usually lacks one or more of the essential elements that are required to be present in order to form a valid contract that will be considered legally enforceable by curt of law. Contract outline, the
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ROMEO AND JULIET INTERACTIVE MOTION COMIC LICENCE SUMMARY You may use the Software on any number of computers that are connected to a single site network. This Licence Summary does not form part of the Licence Agreement (set out below) but merely serves to summarise the terms of your Use of the Software. LICENCE AGREEMENT This is a legal agreement between you ("Licensee") and Classical Comics Ltd. ("Licensor"), by downloading, installing or otherwise accessing the Software; the
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The personal liability of third parties for having received or dealt with trust rights or their traceable substitutes which they received in breach of trust is known as recipient liability. Knowing receipt arises where the recipient has some degree of knowledge that the property was received in breach of the trust or following receipt acquired some degree of knowledge that the rights were trust rights and dealth with them as his/her own instead of returning them to the trust. In Re Montagu’s Settlement
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Law 101 Part 1 Ben and Carl are proposing to start their own business and need to know the most appropriate structure to use when setting up their business. There is clear intention from both parties to establish a business as shown by Ben and Carl’s confidence of “a good gap in the market” that will lead to “the business being a success”. The three structures available for business owners are sole trader, partnership or company. From the information provided in the scenario Ben and Carl can exclude
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Immersive Case Core 1 – Week 1 Immersive Case Exhibit – Modern Design Co. To: Asha From: CPA Date: January 10, 2015 Subject: Modern Design Co. (MD) The following are explanations of the accounting issues as well as the analysis and recommendation to resolve the issue. Also included are the adjustments to the financial statements (Appendix A). Barbor sofa order Issue On December 11, MD received an order for a total price of $22,100. Barbor Furniture Ltd. (Barbor) provided a deposit
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Contracts: A contract is an agreement that creates obligations that are enforceable by the law. A contract can either be written or spoken. There are elements to a contract that make it valid and binding. This is defined as a clear manifestation of willingness to enter an agreement made by another person with full understanding that their assent to the bargain is an invitation and is concluded. As to whether there was an offer in this case, yes there is an offer. When the salesman offered the buyers
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company made a mistake in having an oral contract with the other party. This is because, if you promise to sell something to someone else, you have already made the contract. Apart from promising to sell the land, the CEO had already received ten thousand US dollars to make the contract live. As everyone is aware that a contract is a legally enforceable agreement between two or more parties. We as the company after realizing that we have made a woeful contract it is not a wise decision to get out of
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Barriers to Negotiation | SUBJECT: Effective Negotiation Techniques | TEACHER: Ingrid Berumen STUDENT NAME: Erika Sugey De la Cruz Santillan GROUP: 3D DATE: 09/06/2016 | Report Homework Report Homework INTRODUCTION: This
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