revolve around the legality of contracts and ownership of property and services. When buying or selling goods and services online, both the buyer and seller agree to a mutually binding contract that ensures the satisfaction and legitimacy of the transaction. A contract is a legally enforceable agreement between individuals or parties that promises a good or service in exchange for something else (Shefrin, 2006). Generally, contractual agreements need certain elements to make them legitimate. The
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Creating a valid contract is most important to have before making any of these necessary changes to a business or else there would be a devastating effect on the manufacturing party. As the manager of Acme Fireworks I have decided to choose Common Law over the Uniform Commercial Code (UCC) because if any changes are made it will lead to the rejection of the initial offer rather than not having much of an impact like the UCC law would by treating it the same. The contract in Common Law would
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But, what is a brief of a case? For that matter, what is a case? The purpose of this article is to teach exactly what briefs are, why they are important, and how to draft them. You will learn most of the various ways to brief a case, the basic elements of each brief, and how briefs are used in various contexts. Additionally, you will read sample cases and briefs of those cases in every format. By the time you finish reading this, you will be so sick of briefs, that you will wish this writing
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Although the wording in Vladimir’s advertisement is different to the Partridge’s case, it is suggest that the result is same in the both cases. In saying that “Shop available for sale”, Vladimir did not show a will or intention to be bound in a contract. An offer is made when one party makes it clear by verbally, written or by actions and it is quite different to the invitation to treat, though it is not easy to distinguish between two. This is as in the case of Carlill v Carbolic Smoke Ball
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Company Position Date Location Company Position Date Location Company Position Employment history Date Location Company Title Job Description 1-1-2011 to now Joseph Tito Petrojet Contract Engineer 1- review and understand terms, conditions and obligations in the assigned contract 2- Identify risks and opportunities in the contract 3- Implement tendering/contracting policies and procedures. 4- Provide support to supply chain in handling contractual
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revolve around the legality of contracts and ownership of property and services. When buying or selling goods and services online, both the buyer and seller agree to a mutually binding contract that ensures the satisfaction and legitimacy of the transaction. A contract is a legally enforceable agreement between individuals or parties that promises a good or service in exchange for something else (Shefrin, 2006). Generally, contractual agreements need certain elements to make them legitimate. The
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JPMorgan Chase LEG100 Professor Cheri Reiser 03/04/2013 Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy. In the summer of 2012, JPMorgan Chase, the biggest U.S. bank, announced trading losses from investment decisions made by its Chief Investment Office (CIO) of $5.8 billion
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605-25 If a vendor does not have vendor-specific objective evidence or thirdparty evidence of selling price for the undelivered elements in an arrangement, the revenue associated with both delivered and undelivered elements are combined into one unit of accounting. Any revenue attributable to the delivered products is then deferred and recognized as the undelivered elements are delivered by the vendor. An Additionally, eliminating the residual method of allocation will improve financial reporting
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General • 6. Inventories. o (a) State separately in the balance sheet or in a note thereto, if practicable, the amounts of major classes of inventory such as: (1) Finished goods; (2) inventoried costs relating to long-term contracts or programs (see (d) below and § 210.4–05); (3) work in process (see § 210.4–05); (4) raw materials; and (5) supplies. o If the method of calculating a LIFO inventory does not allow for the practical determination of amounts assigned
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sell them, I would be interested in buying them." John: "Sold." | | | Student Answer: | | ( ) There is a contract and Mary is obligated to buy the tables. | | | | ( ) There is no contract because there was no agreed-upon price. | | | | (X) There is a contract and the UCC can provide a market price as the price for the contract. | | | | ( ) There is no contract because there is no offer or acceptance. | | | | ( ) none of the above. | | | | Points Received:
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