prominently in all contract textbooks . So, basically it is very important to discuss this important whose principles are being propounded until now. The question in the instant case is of contract. Legal intention to form contract and consideration were two important concepts which we used to know before starting brief detail of this case. Indian judiciary has sanctioned the verdict of this case on the point of legal intention in several cases. This case is first time referred in Indian court in the
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Indian Health Services System Overview of Indian Health Service The Indian Health Service (IHS), a federal health system, cares for 2 million of the country's 5.2 million American Indian and Alaska Native people. This system has increasingly focused on innovative uses of health information technology and telemedicine, as well as comprehensive, locally tailored prevention and disease management programs, to promote health equity in a population facing multiple health disparities. Important recent
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Social contract theory is the concept of the agreement between a government state and its citizens. The social contract states that because a state nurtures its citizens, it’s their moral obligation to obey its rules in return. The social contract is defined as “an implicit agreement among the members of a society to cooperate for social benefits, for example by sacrificing some individual freedom for state protection.” (Oxford). Socrates was a prominent Greek philosopher in 300 BC. He described
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one currency with a different currency for immediate delivery. The standard settlement convention for Foreign Exchange Spot trades is T+2 days, i.e., two business days from the date of trade. Forward Outright: A foreign exchange forward is a contract between two counterparties to exchange one currency for another on any day after spot. In this transaction, money does not actually change hands until some agreed upon future date. The duration of the trade can be a few days, months or years. For
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estoppel arises when a person by his/her words or conduct makes another person believe that certain affairs existed. He/she later on not allowed to deny that such a state of affairs did not exist. Applying this rule to a contract of goods act, where the true owner of the goods by his act or omission leads an innocent buyer to believe that the seller has the authority to sell, later on he may be estoppel from denying the seller’s authority to sell. Section 27 concludes with the remark that the buyer may
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BSE’s Certification for Stock Markets (BCSM) Examination MODEL TEST PAPER FOR BCSM Q. Id Question Option 1 Option 2 Option 3 Option 4 1 Indian Securities market is one among top______ securities markets of the world. Four Eight Three Six 2 The Bombay Stock Exchange was established in ______ 1875 1873 1874 1872 3 The Bombay Stock Exchange was established as a ___________ Limited Liability Firm A partnership firm A company
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All contracts are agreement but all agreement are not contracts Answer; A contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation
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federal government actively promoted industrial and agricultural development. It enacted high tariffs that protected American industry from foreign competition, granted land to railroad companies to encourage construction, and used the army to remove Indians form western land desired by farmers and mining companies. 2. Why were railroads so important to America’s second industrial revolution? What events demonstrate their influence on society, politics, and the economy? Spurred by private investment
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BUSINESS LAW IN CROSSBORDER TRANSACTIONS Question 1 Common Law and Civil Law are two of the world’s legal systems. Common Law, which is also called Anglo-American law, has its roots in England and implicit in former English colonies like USA, Australia, most of Canada and Malaysia. On the other hand, Civil Law, which is also known as Continental European, is originated from Western Europe and divided into four groups. The first one is French civil law, which can also be found in Belgium, Spain
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concerns about the local terrorist and nationalist groups in and around the border began to raise numerous questions regarding safety and of course, budgeting (in the sense of hiring extra security to patrol the area). When the Indian government used a fixed-price contract to favor the lowest bids when initially beginning the project, it was believed to be the best method of approach at the time. The reason I point this out is because 40 million dollars for a project of this magnitude in a country
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