Business Law 1 February 24, 2014 Nature and Classification of Contracts Definition of Contract- legally binding agreement. Duties and Obligations- each party has both. Parties to a Contract- promiser, promisee, after there has been an agreement. Privity of Contract- who can sue, who can enforce. A third party can enter the contract without knowing but can still sue under the contract if they were named in the contract. Classes of Contracts- 5 types. Quasi-Contracts- no binding contract has been
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LECTURE 11 MISTAKE INTRODUCTION We are here concerned with the consequences, if any, upon a contract where one or both of the parties to it have entered into the contract under the influence of a mistake. Sometimes these mistakes are due to some misrepresentation or misleading conduct on the part of one of the parties. In such cases there will usually be remedies based upon other principles such as misrepresentation and misleading and deceptive conduct. We are not concerned here with such mistakes
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TOPIC INDIAN CONTRACT ACT Nature and Kind of Contracts Offer and Acceptance of an Offer Capacity of Parties and Consideration Void Agreement and Contingent Contract Performance of Contract Discharge of a Contract Remedies for Breach of Contract and Quasi-contract Agency PAGE 2-10 11-22 23-34 35-49 50-62 63-72 73-81 82-99 SALES OF GOODS ACT Sales of Goods Act CONSUMER PROTECTION ACT Consumer Protection Act NEGOTIABLE INSTRUMENT ACT Negotiable Instrument Act THE PARTNERSHIP LAW The Partnership
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Written Contracts Name Institution Date There was breach of contract between the Next Corporation and Paula. This is because both parties had performed an oral contract, which involves agreement between two or more parties through spoken statements. Later on, Next Corporation sacked Paula for no reason. This is as a breach of the contract. Which means that both parties had an agreement though not written at the start of the employment and therefore sacking Paula before due date
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------------------------------------------------- Top of Form Week 4: Contracts and IP Issues - C: You Decide Group C Project Thread Begin answering the project questions here. | Responses Responses are listed below in the following order: response, author and the date and time the response is posted. | | Response | Author | Date/Time | | | | Contracts and IP Issues - Question # 1 | Julie Hicks | 11/19/2012 5:30:48 AM | | | I have tried to go through the case
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This case is about to judge whether the contract has formed between Carmen and Martin, the manager of the boutique. Carmen wants to buy the T-shirt shown to her yesterday, but it has been sold out after Carmen left the store yesterday. The topic of the case is about contract. According to the contract law, there are four necessary elements to form contract, which are offer, acceptance, intention and consideration. As for the element offer, there are three important rules to judge if it is an offer
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Page1 *256 Carlill v Carbolic Smoke Ball Company. In the Court of Appeal. 7 December 1892 [1893] 1 Q.B. 256 Lindley , Bowen and A. L. Smith , L.JJ. 1892 Dec. 6, 7. Contract—Offer by Advertisement—Performance of Condition in Advertisement—Notification of Acceptance of Offer—Wager—Insurance— 8 & 9 Vict. c. 109 — 14 Geo. 3, c. 48, s. 2 . The defendants, the proprietors of a medical preparation called “The Carbolic Smoke Ball,” issued an advertisement in which they offered to pay 100l.
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SOURCES OF LAW 1 UCC 1 UCC 2-106 1 Article 2 of the UCC governs all cases involving the sale of goods. (UCC 2-106) 1 This rule applies regardless of whether either party is a merchant. 2 However, some UCC rules require one or both parties to be a merchant. 2 UCC 2-105 (definition of “goods”) 1 All things which are movable at the time of identification to the contract for sale other than the money in which the price is to be paid. 3 UCC 2-104 (definition of
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in correctly and securely stapled to your assignment or it may not reach your lecturer Circle Program Enrolled | C4TP | Dip Arts | Dip Bus | Dip Tech IT | Dip Tech EE | Dip Health Sc | Assoc. Degree | COURSE NAME: Business Law LECTURER'S NAME: Mardi Szantyr ASSIGNMENT NO./TITLE: Assignment 2 DUE DATE: 1 MAY DATE RECEIVED STUDENT ID NUMBER | 110164786 | FAMILY NAME | He | GIVEN NAME | Shan | -------------------------------------------------
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CONTRACT ANALYSIS 2 Upon reviewing the facts outlined in the Contract Analysis Case Study I would not continue to conduct business with Marshal. He has demonstrated character flaws and poor business practices to such a point that I do not feel comfortable continuing to do business with him. Besides the fact that he is frequently late making payments within the required 30 day time period, he fraudulently entered into a requirements agreement with a part-time employee that lacks
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