environment of business and employment | | BFL0041 | Student Number | | Tutorial Group No | | Taught by (Tutors Name) / Supervisors Name | U1257644 | | D | | Jackie lane | Course | | Assignment Title | Accountancy and finance | | Contracts in business | Unless you have been notified otherwise, this coursework must be submitted through turnitin by 11.59PM on the given hand-in date.It is YOUR responsibility to print Assignment Coversheets for manual submissions. You are advised to
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does not have to appoint a board of directors or pay annual dues associated with a corporation. 2. D: When a contract is created, both sides must give consideration in order for the contract to be binding. Ms. Smith gave consideration in the form of the promise to pay the $200. However, her son did not make a promise or offer any consideration for the contract. Therefore, the contract cannot be enforced against Ms. Smith because she received no consideration of any sort, either in the form of a
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Written Assignment 4 In this case study, Raymond Smith purchases a new car from an unnamed dealer. When Mr. Smith purchased this car, he signed a contract that specifically limited liability for personal injuries as a result of defect in the car, and limiting the solution for any breach of warranty to repair or replace the defective part(s). Unfortunately, one month after purchasing the car Mr. Smith was seriously injured due to an accident in the car caused by a defect in the steering mechanism
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Lauren Curtis Business Law William Chipman Chapter Ten 1. Question Number Two. Special rules that apply to auctions is that unless the auction is advertised with the statement ‘’without reserve’’ then an auctioneer is not required to take the final offer/highest bid. 2. Question Number Three. Firm offers are irrevocable and have to be in signed writing, offeror must be a merchant, and the firm offer must contain assurances. An option the offeror has to promise to hold the offer open
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in a contract with another party, however, the party omits, refuses, or fails to fulfill the remaining conditions of the contract. A Substantial breach will bind the aggrieved party to the conditions of the contract only for the conditions already fulfilled. Material: The failure to perform under the conditions of the contract in a significant way that the failure destroys the value of the contract. A material breach will free the aggrieved party from fulfilling his duty to the contract. The
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Breach of Contract - A contracting party’s failure to perform an absolute duty owed under a contract. Covenant – An unconditional promise to perform Duress – A situation in which one party threatens to do a wrongful act unless the other party enters into a contract Executed Contract – A contract that has been fully performed on both sides; a completed contract. Injuction – A court order that prohibits a person from doing a certain act. One year rule – A rule which states that an
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builder. Baker was able to sue Osborne for breach of contract, negligence, and breach of implied and express warranties stemming from the construction of a home. The contract of purchase given to the homeowner did not contain an arbitration agreement, but the documentation accompanying an express warranty on the home did contain an arbitration agreement. The arbitration agreement was not binding on the homeowners. Osborne signed the contract with HBW not the homeowner. Because of that it did
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When a contract is formed the declarations made between the two parties involved can be seen as either terms of the contract or mere representations, it is quite essential for the parties to be able to distinguish the difference between the two as it is criticall for both parties to know what course of action to take if such a term or representation is breached. In order to distinguish wheteher a declaration is a term or a mere representation the courts will analyse four factors, the parole evidence
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compensation for the breach of contract to the plaintiff firm? Section 16 of the Sale of Goods Act, 1930 clearly stated: Subject to the provisions of this Act and of any other law for the time being in force, there is no implied warranty or condition as to the quality or fitness for any particular purpose of goods supplied under a contract of sale In the case of Dharmpal & Co, Agra v. Firm Kila Gatla Ram Chandra Rao & Co , the court held that the buyer cannot repudiate the contract of sale on account of
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UNIT 14: HOSPITALITY CONTRACT AND EVENT MANAGEMENT Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand external factors that affect planning and management in the event and contract sectors Diversity of sector: employee catering; hospital catering; school meals; conference centres; location and outdoor events; banqueting; private functions Types of service provision: food and beverage services; accommodation services; reception; facilities management; linen and laundry;
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