The reasonable man standard is a standard in criminal law and it is used for the good of the criminally accused. The definition of the “reasonable man” standard is the decision of whether an accused is guilty of a given offense that might involve the application of an objective test in which the accused is compared to that of a reasonable person under similar circumstances. In most cases, persons with greater than average skills, or with special duties to society, are held to a higher standard of
Words: 1230 - Pages: 5
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
Words: 282 - Pages: 2
Asia at full capacity, and charge high prices; on the other hand, they depart from USA/Europe half empty and charge a fraction of the cost. Ans 2) How does Meli marine compete -New CEO trimmed down size of its fleet, negotiated long term contracts with charters; sold old, inefficient ships. - Deal with a limited set of customers and focus on a limited good instead of shipping each and everything they can get their hands on. - They diversified from being a spoke and feeder line to an intra-Asia
Words: 321 - Pages: 2
all details of the wedding process starting as soon as the ring is placed and ending well after the couple are on their honeymoon. Company Ownership/Legal Entity Attorney, Ted P. Knowit will be utilized as legal counsel for all filings and contracts. It’s Your Day is a Limited Liability Corporation following all laws in the State of South Carolina. The state does require a filing to reserve the name. This form is found on the secretary of states’ website and is payable with a $25 fee
Words: 1020 - Pages: 5
Contract Law Knowledge of the basic principles of the law of contract is useful to readers not only for examinations but also in their everyday lives: Most, if not all of us, have entered into contracts at some point of time –we enter into contract when we board a bus, go shopping or go to work. Contracts are an integral part of our daily lives. They are constantly being entered into by individuals with other individuals or business, as well as businesses with other businesses, to sell or transfer
Words: 830 - Pages: 4
On February 1, 2012, Coconut entered into an arrangement with Buffett Worldwide Inc. (Buffett) to deliver the Volcano System and provide one year of post-contract customer support (PCS) beginning March 1, 2012. * Buffett paid $12,000 on February 1, 2012, for the Volcano System and the related PCS. On May 1, 2012, and in a separate contract, Coconut agreed to provide Buffett with (1) training services on the customer management system and (2) an additional year of PCS. * Under the terms
Words: 782 - Pages: 4
| Balboa Lumber | Memo To: | Alfred Eagleton | From: | Ruby Roberts | | | Date: | December 10, 2014 | Re: | Research Case 8-11 | | | After researching the Balboa Lumber’s transaction involving the sale of inventory with a plan to repurchase, I have determined that the following would be the proper way to treat this transaction. The appropriate treatment of the sale of inventory with intention to provide financing and an agreement to repurchase the merchandise in the future would
Words: 325 - Pages: 2
BUS 415 Final Guide – 2 Sets To Buy This material Click below link http://www.uoptutors.com/BUS-415/BUS-415-Final-Guide Set 1 1) The doctrine of stare decisis concerns A. staring at the facts of a case for a long time to make sure the correct decision is made. B. making sure to do adequate research before making a legal decision C. following precedents so that legal principles announced in a case are used to determine later cases D. using constitutional law to render a decision 2) The form
Words: 6237 - Pages: 25
we need to examine whether a legally binding contract exists, whether the subsequent consideration of $20 000 is good consideration, and whether the doctrine of promissory estoppel applies. Is there a contract? For B to be entitled to the extra $20 000 and a share of the property, it must be determined that a legally enforceable contract existed between C and B. To determine whether a contract exists, the following essential elements of a contract can be examined: intention to be legally bound
Words: 1709 - Pages: 7
Contract This contract for the rental of a venue is made this day, 03/27/2016, by and between Sport Palace "Dinamo", hereafter referred to as the Owner, and Sports club "Dinamo" (Moscow), hereafter referred to as the Renter. Whereas, the Renter desires to temporarily rent, occupy, and make use of the Owner's venue, located at Lavochkina st., 32, Moscow, Russia and known as Sport Palace "Dinamo". Whereas, the Owner agrees to such rental, occupation, and use in consideration of certain payments
Words: 2163 - Pages: 9
