Marissa Prentice Chapter 14 Case Problems BUSLW 3253-01 Q1: The court should rule that the contract is voidable. If a person is not judged incompetent, any contract entered into by the person is voidable if the individual does not know he or she is entering into a contract or lacks the capacity to comprehend its subject matter, consequences, and nature. Capacity is the mental ability to make a rational decision. It must be shown that because of Frank’s affliction, he was incompetent at the time
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Addressing International Legal and Ethical Issues Simulation Summary Name LAW/421 Date Professor Addressing International Legal and Ethical Issues Simulation Summary In the country of Candore and Gentura, there has been a development of anti-diabetic medicine named, Proprez. This development has taken place in Gentura, which is a biotechnology company. The company CadMex Pharma is interested in licensing the manufacturing company, which is located in Tampa
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Contracts -- INTERNATIONAL COLLEGE OF BUSINESS AND TECHNOLOGY -- 14 ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS Individual Assigment -Stephani Jayarathne- BTEC EDEXCEL HND DIPLOMA IN BUSINESS (MANAGEMENT & HUMAN RESOURCES) OFFERED BY INTERNATIONAL COLLEGE OF BUSINESS AND TECHNOLOGY ASPECTS OF CONTRACT AND NEGLIGENCE FOR BUSINESS STEPHANIE JAYARATHNA BMK 31 ICBT KANDY CAMPUS SUBMITED TO: MRS KANCHANA LIYANAPATHIRANA 2013/07/21 Acknowledgement. It is with great
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Sun Ship? Yes C&H can recover liquidated damages from Sun Ship. C&H had contracted with Sun Ship to deliver a barge on June 30, 1981 they also went under contract with Halter to deliver the tug on April 30, 1981 to the ship yard of Sun Ship. Both entities breached their contract as they failed to deliver by the dates in the contract. Halter completed the tug July 15, 1982 and Sun Ship completed the barge March 16, 1982 and delivery to C&H was in July 1982 they were both more than a year
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Addressing International Legal and Ethical Issues Simulation Summary Michael Moore LAW/421 SEP/ 15/ 2014 Robert Kinsella Addressing international legal and ethical issues summary The issues of resolving legal disputes in international transactions occurs frequently. Many companies involved with international transactions must be enforced in contracts between companies and countries. Just as in the simulation between the U.S. CadMex and Gentura located in Candore had to do
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Farms, Inc. signed a contract with City School District of the City of Elmira, New York to supply milk at a specified price. The United States Department of Agriculture controls the price of raw milk at the farm. The contract gave responsibility of an increased milk price the responsibility of the milk dealer. The supplier, Maple Farms was aware that the price of raw milk fluctuated but did not include a clause to excuse it. The supplier has entered into similar contracts with the plaintiff for
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Part A a) The issue of this question is that whether Charles should pay for the damaged milk tins or not. To begin with, we should discuss the elements of contract first. They are offer, acceptance, consideration, intention, mutuality, capacity and legality. In this case, we are focusing on the offer, acceptance, intension and capacity. The milk tins displayed by the supermarket are considered as a display of goods but not an offer in order to invite the buyers to make an offer. It is one of
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Basis for Bid Evaluation 4 1.10. Ethical Standards 4 1.11. Responsibility for Surety Bonds 4 1.12. Proposal Format 4 1.13. List of Bidders 4 1.14. Letter of Acknowledgment 4 2. DESCRIPTION OF WORK 5 2.1. Engineering Contracts 5 2.2. Construction Contracts 5 3. PROPOSAL 5 3.1. Breakdown of Bid Price 5 3.2. Revisions and Extra Work 5 3.3. Escalation Formulas 5 3.4. Scheduled Completion Dates 5 3.5. List of Subcontractors 5 3.6. Key Supplier or Contractor Personnel 5 3
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Article II of the Uniform Commercial Code PA130- Contracts Unit 9 Carolyn Padilla Article II of the Uniform Commercial Code is for the sale of goods such as an automobile or a television. A house would be ok except it involves the sale of land which is not covered by article 2, and it also does not cover a contract between you and a fee for service contract, such as wanting an addition put on your house for example. Generally to use this code all parties must act in good faith or this
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Nick Wright Business Law 1 Professor Hunt August 31st 2015 I.R.A.C. of Aon Risk Services Inc v. Meadors Summary: Meadors sued Aon Risk Services Inc. for breach of a unilateral contract. Aon Risk Services (ARS Arkansas) and Combined Insurance Companies are subsidiaries of Aon Risk Services. A parent company issued a memo (Interdependency Memo) which encouraged ARS brokerage offices to put insurance companies with Aon-affiliated companies. It also gave bonuses for revenue generated under
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