Question 1 10 out of 10 points | | | |[pic] |A merchant buyer who rejects nonconforming goods, but remains in possession of those goods, might be obligated to: | | | | | |Answer | | | | | |Selected Answer:
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Salford Law - Salford Business School Assessment 1 Module leader: Mr. Donal Loftus Module title &module code: | Contract Law 35587 | Level 4Erasmus program | Title of assignment | In Contract law, how far do you agree with the claim that the traditional rules of consideration have been relaxed in order to maintain effective business relationships? | Programmes undertaking the assignment | LLB (Hons) Law | Pupil | Juan López MartínezID: 004426895 | Hand-in date | Friday November
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OBLIGATIONS AND CONTRACTS REVIEWER TITLE I – OBLIGATIONS CHAPTER 1 GENERAL PROVISIONS 1156. An obligation is a juridical necessity to give, to do, or not to do. JURIDICAL NECESSITY – juridical tie; connotes that in case of noncompliance, there will be legal sanctions. • • An obligation is nothing more than the duty of a person (obligor) to satisfy a specific demandable claim of another person (obligee) which, if breached, is enforceable in court. A contract necessarily gives rise
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warranty when the revenue has been recognized. 2. The service revenues are recognized as the services are provided or over the period of the contract as applicable i.e Delivery method. The service revenue is separated from product, installation and maintenance revenue based on the amounts charged when they are separately sold. 3. For certain contracts revenue is recognized using percentage-of-completion
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Prepared for: Potomac College MGMT 450 – Contract Modification and Options Final Exam As a country, the United States has many needs to obtain goods, services, and real estate. These needs are addressed through acquisition by contract. Through purchase or lease, the Federal Government contractually procures supplies, services, and interests in real property. While Federal Government contracting has the same elements as contracting between private parties, i.e. a lawful purpose
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is offered to the general public for the performance of some specified act, such reward may be claimed by any person who performs such act, is the exception of agents, employees, and public officials within the scope of their employment or official duties.” 17-4 Northern Corp. v. Chugach Electrical Association Facts: Northern entered into a contract with Chugach to repair and upgrade the upstream face of Cooper Lake Dam in August 1966. To contract required Northern to pick up rock from a
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and defendants John and Joan Vastola entered into a contract to sell the Vastola’s house on June 15, 2004. On June 14th the defendants’ real estate attorney wrote plaintiff’s real estate attorney notifying them that they will not convey the title. The reasoning for breaching the contract is that Joan Vastola has spinal muscular atrophy that has gotten considerably worse between the times the contract was entered to the time of closing of the contract. This disease has made it impossible for Joan to
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colleagues to the world of contracts. Prepare a 2–3-page, double-spaced document explaining the essential elements of a contract and the applicable remedies in the event of a breach. What is required for a valid offer? How can one accept an offer? What is the concept of consideration and what form(s) can consideration take in creating a contract? What factors must be considered in assessing the legal sufficiency of an offer, acceptance, and consideration in determining whether a contract is enforceable? In
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While the origins of the thought of ‘the psychological contract’ are typically traced to the 1960s, the idea gained widespread exchange among the academic and analysis fields of organizational psychology, organizational behavior and HRM among the 1990s following the publication of a key article, then a book, by Rousseau (1989, 1995) that excited renewed interest among the set up. The idea is presently also popular in professional circles. Its contemporary quality with human resource professionals
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Contracts and licenses Contracts and licenses are not themselves intellectual property and are generally considered to be a distinct discipline, not part of the same area of law as intellectual property. Nevertheless, contracts are essential to our system of intellectual property. They are the means by which you share intellectual property. Contracts and licenses are the means by which people let their intellectual property out in a controlled way. Importance Normal people interact with
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