EXPOSURE DRAFT “REVENUE FROM CONTRACTS WITH CUSTOMERS” Name Institution Honest & Blonde Address Telephone number TeleFones4U Address: Telephone number: 7 October 2014 Exposure Draft, “Revenue from Contracts with Customers” Dear Sir, It is our pleasure to provide our response and comments on the new exposure draft, which is on “revenue from contracts with customers” that was published by the FASB (Financial Accounting Standards Board) in the year 2011. TeleFones4U being one of
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failure of APS's resin coating products was not a material breach of the Equipment Agreement between SAVA and APS. APS won as neither the Company Formation Agreement nor the Equipment Agreement between SAVA and APS contained a warranty of the performance of the resin coating products. Nor was there an express condition in the Equipment Agreement that the resin coatings to be sold to SAVA AP would perform as warranted. Further, there was evidence that the equipment covered by the Equipment Agreement
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settler population increased, a promissory oral pledge, transformed from word of mouth to a handshake, which in fact “sealed the deal”. In many early settlements, the buyer’s and seller’s terms of the agreement was only in the form of an implied contract; thereby leaving a gap for interpretation with regard to honoring
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e., on tournaments where the prize or prize sum to be awarded is set in advance, we introduce a new type of tournament into the literature: premium incentives. While premium incentives, just like xed-prize tournaments, are based on relative performance, the prize to be awarded is not set in advance but is a function of the rm's success: the prize is high if the rm is successful and low if it is not successful. Relying on a simple model of cost minimization, we are able to show that premium
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PUBLIC FINANCIAL MANAGEMENT, INC. Outsourcing Methods & Case Studies City of Colorado Springs Sustainable Funding Committee 04/10/2009 OUTSOURCING Overview ............................................................................................................................. 3 Types of Outsourcing .......................................................................................................... 3 When to Outsource............................................................
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Offer The first element in a valid contract would be offer. An offer or a promise or an agreement needs to be in contract because if there is no offer than there will be no contract. In the Contracts Act, 1950, the first elements in a contract would be offer. It is one of the elements to make sure that the contract is legally valid or acceptable. In a contract, it is very important that a party would make an offer. There is a difference of offer between an advertisement and an option. To make an
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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 the event that a contract is formed and subsequently broken, what
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purpose” rule, their contract does not have to be in writing to be enforce. Because Bo partially paid and had a personal reason for buying Lot No. 2, the contract is enforceable. (c)Assume that on January 10, Bo sent to Sadia his check for $1,000 bearing the notation "On account of purchase price of Lot No. 2" and that Sadia cashed the check, but later refused to convey Lot No. 2. Would Bo's payment constitute sufficient part performance to enable Bo to enforce the contract against Sadia? Explain
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------------------------------------------------- Top of Form 1. Which of the following statements is true about the doctrine of unconscionability? | | It is an equitable remedy. | | | It is at law for contract damages. | | | It allows a judge to invalidate either a provision in a contract or the whole contract. | | | A and c | Question 2 The power of the federal government to control and punish monopolies derives from which of the following? | | The Commerce Clause | | | The Separation
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Essential Elements for Valid Contracts By: M.H.M.Rishardh MBA, BBA (Hons), FCMI (UK), MCIM (UK), Member of AMA (USA). MSLIM, MIM (SL) BCAS Qatar Learning Outcome: On successful completion of this topic you must be able to * Understand the essential elements of a valid contract in Business Context Contracts that meet all legal requirements are valid and enforceable, which means that either party can hold the other party responsible for his or her agreement. 1. Offer and Acceptance
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