the reasons, whether there is a valid contract formed between Yatie and Tina or not. They both are business partners who live in different countries. According to the Section 2(h) of the Contracts Act of Malaysia, a Contract is an agreement enforceable by law. It is an agreement that binds the parties who enters into it and it can be enforced against one another. An agreement enforceable by law can be formed with certain elements present in it. These elements include Proposal or Offer, acceptance
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to a contract is not given full or accurate information by the other party about the contract subject matter, misrepresentation occurs. In the case of misrepresentation in the formation of a contract, the law allows a rescission of the contract. Rescission means the contract is set aside. Misrepresentation occurs when a seller makes inaccurate statements about its product or fails to disclose pertinent information about its product that would affect someone’s decision to enter into the contract. To
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mix to become successful and stay successful over the years. The purpose of this paper is to describe the elements of the marketing mix. In addition to describing how each element of the marketing mix affects the development of the NFL’s marketing strategy and show how each element is implemented into the NFL’s marketing strategy. The marketing mix consists of four elements. The four elements are product, price, promotion, and place. Product is defined by Kerin, Hartley, and Rudelius as a good, service
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boardroom and work with employees to recognize hindrances. Coach Manager to be responsible for the employer develop strong working environment. Make realistic goals significance to employee day by day experience (Gallup, 2016). 2. P6 Identify the key elements of employment legislation and the impact it has upon HRM decision-making. Equality
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Analyzing Risk November 11, 2013 Analyzing Risk This document will cover the definition and description of risk management. Topics covered include the philosophy, methodology, and the purpose of analyzing risk as well as development of a risk management plan and a procurement management plan. Identifying risk is the process of determining which risks may affect the progress of the project. The project stakeholders are usually included in the risk identification process. These stakeholders
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consideration surrounding each of them. Expressed Agency Expressed Agency is known as an agency by agreement; this agreement can be oral or written. Expressed agency is an agency that is commonly used. This particular agency gives the agent ability to contract on behalf of the principal. Power of attorney is a prime example of expressed agency. “A power of attorney establishes an agency by agreement that gives an agent authority to sign legal documents on behalf of the principal” (Kubasek et al., 2012
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Legal and Ethical Issues for Health Professionals Student’s Name Institutional Affiliation Legal and Ethical Issues for Health Professionals Public Law and Private Law The law is a set of rules and regulations that are formulated by an authority and are applicable to a given community. According to Pozgar (2012), “the law is rooted in tradition, culture, customs, and beliefs” (p. 180). The primary difference between these two laws is based on who the act affects. If the action affects the
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CONSERVATIVE RECOGNITION OR COOKIE JAR RESERVES Robin Turner Summary Two months after graduating from college Nick O'Brien started to work in the accounting department at his aunt's software company. While going over some financial statements Nick notices what he believes are revenue recognition issues. Since Nick believes that Lee Marchetti the Chief Financial Officer (CFO) of O'Brien Software is an honest man, he decides to have a discussion with him about what he believes are revenue
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Explain the importance of the elements required for the information of a valid contract in the motor industry…………………………………………………………………………….3 1.2 Discuss the impact of different types of contract by providing explanations on comparison with local, export and distance buying modes………………………………………………..7 1.3 Analyze terms in contracts with reference to their meaning and effect in the motor industry………………………………………………………………………………………10 2.1 Apply the elements of contract in both cases business scenarios………………………
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issued two exposure drafts outlining proposed changes. The latest one was published in November 2011 with public comments received in March 2012. If adopted, it will substitute all revenue standards prescribed by IFRS including IAS 11 Construction Contracts and IAS 18 Revenue and relevant interpretations and most of the revenue recognition requirements and related guidance in US GAAP. This paper, first of all, will provide a brief background of the joint project. Then it will highlight proposed changes
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