| Unit title: Unit 5 Aspects of Contract and Negligence for Business | Unit code(s): Y/601/0563 | Learner: Aliya Theriault | Assessor:Svetlana Begalieva | Internal Verifier:Dinara Bobusheva | Title of Assignment:“Tramways Advertising v Luna Park”Grading criteria: P1.1, P1.2, P1.3, P 2.1,P 2.3,M1,M2,D1Related learning outcomes:LO 1: Understand the essential elements of a valid contract in a business context.LO 2: Be able to apply the elements of a contract in business situations. | Assignment
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money used to purchase those assets at a particular time. Current Assets Cash & Marketable Securities Receivables Inventories Fixed Assets Plant & Equipments Less accumulated depreciation Current Liabilities Long‐Term Debt Shareholders' equity Total assets = Total liabilities & Equity Income Statement The income statement is a financial statement listing the revenues, expenses, and net income of the firm in a period of time. Net sales (Cost of goods sold)
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(A.1) Referral selling is when a consumer is persuaded to purchase goods or services by promising a rebate, commission or other benefit for supplying information that helps the trader sell to other consumers. The consumer does not get the promised benefits unless the supplied information is fulfilled. For example a salesman for a telephone company persuades you to sign up to a contract for a mobile phone plan and says that you will receive a commission for introducing the product to other customers
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of gross versus net revenue, the recognition of setup fees, and potentially the recognition of revenue from the sale of technology to PlayBall.com. The following memo offers my solution in conformance with the FASB rules and regulations. First, it is in question whether TechMall should report revenue based on (a) the gross amount of earned revenue billed to a customer from the sale of the goods or services or (b) the net amount retained (that is, the amount billed to a customer less the amount
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TRUCT ACADEMY SUCCESS IN BUSINESS LAW FOR C.I.S, Z.I.M CERT., ZAAT, IAC, I.C.M M. MAVHUNGA LLB (S) (UZ) 3RD EDITION 2000 1 ACKNOWLEDGEMENTS` I would like to thank the Director of Trust Academy, Mr Mataka, The Principal, Mr Sauti and the Registrar Mr Kucherera whom without their support this study pack would not have been a success. To them I say keep the god spirits for enhancing the college and making it a force top reckon with according to international standards. Would also like to
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Case with sample answer Radio station QUES (Station), put an identification tag on a large bass fish it named "Big Bertha" and placed it in a nearby lake (the Lake) as part of a promotional fishing contest. Station advertised the contest during radio broadcasts, but required no formal entry. The advertisement stated that anyone who caught Big Bertha on hook and line and presented it to Station would be entitled to a $5,000 cash price. Betty and Sam often went boating at the Lake with friends.
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Supply chain management (SCM): It is the management of the flow of goods. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain. Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply
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TASK: ONE Identify the 4 essential elements required in the formation of a valid contract and for each one define and explain the legal principles established by case law. Use supporting case law/statue to illustrate your answer. Answer: A Contract is possible when there will be trade between two parties named buyer and seller for the sales and purchase of goods. When acceptance takes effect, a contact will usually be binding on both parties. Rules of offer and acceptance are typically used
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P2 (INT) Corporate Reporting (International) 1 (a) Angel Group Statement of cash flows for the year ended 30 November 2013 Profit for the year (W1) Adjustments to operating activities Financial assets – profit on sale (W5) Retirement benefit expense (W7) Depreciation (W1) Profit on sale of PPE (W1) Associate’s profit (W3) Impairment of goodwill and intangible assets (26·5 + 90) (W6) Finance costs Movements in working capital Decrease in trade receivables (180 – 125 + 3) Decrease in inventories (190
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business) and consumer (business to consumer). It looks at the legal protection involved in such transactions. Nelson takes issues regarding Consumer transactions and looks at them from various standpoints such as moral principles, principles of contract law as well as EU and US Government approach to such issues. The main issue in this chapter which is present in the film Class Action is the disclosure of information (‘the right to know’) In Class Action, Automobile defects had caused injury to
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