located at the dealer’s location, it was Betty’s responsibility to come to the dealer’s location in order to finalize the purchase. The fact that Betty made a long journey on a hot day does not, by itself, obligate the dealer to honor the terms of the advertisement. The situation does make Betty a sympathetic figure and in the interest of good customer service and making a sale Tony offered a $2000.00 discount to Betty on a new truck that was just delivered and later offered her an additional $1000
Words: 1704 - Pages: 7
Janet Pickens Instructor MGMT 5212 September 5, 2015 Introduction In this day, they are conventional in the military export milieu. Foreign government purchasers characteristically anticipate these to be an element of a defense sales contract. They participate in an essential function in swaying the purchaser’s election of a defense system. Foreign government frequently rely on these arrangements and its potential of producing business for domestic industries, to suppress the undesirable
Words: 2550 - Pages: 11
[pic] [pic] Bangladesh is one of the largest Muslim countries of the world. The people of this country are deeply committed to Islamic way of Life as it is mentioned in Quran and Sunnah. But it is not possible for the people to establish and design their economic lives in accordance with Shariah. The very objective of Shariah is to promote the welfare of the people that lies in safeguarding their faith, their life, their posterity and their wealth. In this regard to establish a banking world
Words: 21408 - Pages: 86
Lease Accounting Update ( Learning objective After completing this chapter, you should be familiar with: A brief overview of the FAS B's proposed comprehensive new lease accounting guidance. I. The end is near... In May 2013, the FASB issued proposed ASU, Leases (Topic 842): a revision of the 2010 proposed Accountin-g Standards Update, Leases (Topic 840). The comment period ended in September 2013. Notice that the new lease accounting guidance is moving from FASB Accounting Standards
Words: 3608 - Pages: 15
1. The essentials of a contract state that there must be two or more parties as a contract cannot be formed by a single person and upheld in court. There must also be an offer and an acceptance, as well as something called “consensus in idem” which is the understanding that all parties agree on the content of the contract before it is finalised. The parties must also have the intention to be legally bound and must be in a legal capacity to enter into the contract. In this case I do not believe
Words: 1405 - Pages: 6
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
set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. First published in 1936, INCOTERMS provide internationally accepted definitions and rules of interpretation for most common commercial terms. In the US, INCOTERMS are increasingly used in domestic sales contracts rather than UCC shipment and delivery terms. WHAT INCOTERMS DO - INCOTERMS inform the sales contract by defining the respective obligations, costs and risks involved in the delivery
Words: 1230 - Pages: 5
suit for breach of contract against Masterpiece Construction. Grocery’s request for specific performance is burdensome because Masterpiece Construction does not have enough labor to complete the contract for Grocery, Inc., thus creating a hardship for Masterpiece Construction. The personal service contract is the main reason the courts would not grant such a request because the “courts would find it difficult or impracticable to supervise or monitor performance of the contract” (Cheeseman, 2004
Words: 1395 - Pages: 6
Non-Financial and Current Liabilities → Understanding Non- Financial and Current Liabilities Objective 1: Understanding the importance of non-financial and current liabilities from a business perspective. Explanations about non financial liabilities under international standards are based on current: IAS 37 Provisions, Contingent Liabilities and Contingent Asset. It is important for businesses to properly account for their liabilities so they can keep an eye on their cash flows: * Taking
Words: 2744 - Pages: 11
BANKING MANAGEMENT TABLE OF CONTENTS BIL 1.0 2.0 CONTENT Islamic Contracts in Islamic Bank INTRODUCTION OF THE SELECTED BANK 2.1 2.2 2.3 Background of Affin Bank Berhad Background of Islamic Affin Bank Berhad Background of RHB Islamic Bank Berhad PAGE 2 5 5 6 7 8 8 12 15 17 18 47 3.0 LOAN AND FINANCING SERVICES 3.1 3.2 Affin Bank Berhad Services Affin Islamic Bank Berhad Services 3.2.1 3.2.2 3.3 Trade Financings Contracts Financing RHB Islamic Bank Services 4.0 Comparison of Products between
Words: 5052 - Pages: 21
