Intro to law Chapter 1 Business law is divided into: - Tort law – injury - Contract law - Business (sole, partner, corporation) - Real estate - Intellectual - Environmental 3 functions of the law 1. Settling disputes 2. Establishment of rules 3. Protection Sources of law - Case law – from recorded judgement – precedent - Statues – passed by government - Statue law – judicial understanding and application Stare decisis: to let a decision stand 1. From the judges own 2. From
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Psychological contract been violated, breeched and fulfilled . Psychological Contract can be defined as a “individuals beliefs shaped by the organisation , regarding the terms of an exchange relationship between the individual employee and the organization”(Beardwell, Claydon , 2004 ; pg 520) Psychological Contract is an agreement between an employer and employee, although it is not written , it plays an important role in relationship between an employer and co -worker. Psychological contract is a
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promise might involve a voluntary redistribution of income). b. Incorrect. Consideration is a necessary component of a contract, and contracts are only valid if they are entered into voluntarily. c. Incorrect. Moral hazards are not the second part of consideration. d. Correct. The second part of consideration is a bargained-for exchange. 3. Liz contracts with Brian. Liz agrees to cook twenty dinners for Brian, in exchange for which Brian will repair all of the plumbing in Liz’s
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low. Applying job design theory to improving the motivating potential score in a functional or work process area. Evaluating reward systems and their impact on performance. Looking at diversity in an organization and how it affects performance. Appraising a manager’s motivation methods and how they influence performance. Review the decision-making process in organizations. Concentrate on the communication process and how it affects the organization to achieve its goals. Look
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Contracts Due to the extensive use of Contracts for the Organization, it is imperative that Contracts Management is up to date and monitored closely. The Contracts Monitor will be responsible for the complete maintenance and monitoring Contracts, created by the Contracted Legal Team. All issues related to Contracts will be reported to the Board and addressed by the Contracts Monitor. Any further non-compliance will be reported to the Contracted Legal team for further review. The Contracts Monitor
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CONTRACT LAW 2012/2013 CONTRACT LAW Content: Formation of contract. Vitiating factors. Terms. Privity of contract. Discharge of contractual obligations. Remedies. Limitation of actions. BEA1003/BEA1003A 2 Contract FORMATION OF CONTRACT A contract was defined in the 19th century by Sir Frederick Pollock as “A promise or set of promises which the law will enforce”. The requirements of a valid contract are: 1.Agreement. 2.Consideration. 3.Capacity . 4.Intention to create legal relations
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BUS 393 – Final Review Chapter 2 – TORTS: * Tort: (private wrong = not criminal) an act that causes harm such as physical harm, harm to property or reputation, & gives the right to sue and to seek remedies (damages to compensate for loss) * Intent: it is not the intent to injure or harm but whether you deliberately intended the conduct or act that caused the injury (damages greater if can prove intent – includes punitive damages) * Vicarious Liability: you did not intend the harm but
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|Role Title |Contract Monitoring Officer | |Business Hub |Service Design Hub | |Pay Range / Scale |PO1 | |Purpose
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Exercise IV Contracts Subject: Option Contract & Assignment -------------------------------------------------------------------------------------------------------------------------------- BUYER vs. SELLER: For Breach of Contract (1) What are buyer's rights against seller and what remedies, if any, are available to buyer? In order to determine if buyer has any rights against seller and to be remedied, there must exist a valid contract. Uniform Commercial Code (UCC) Contract for the
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impair the enforceability of a contract? Courts will generally allow a unilateral mistake of fact to impair the enforceability of a contract if the nonmistaken party has caused the mistake or knew or should have known or should have known of the other party’s mistake, and the mistaken party exercised ordinary care. 2. What types of mutual mistakes do not make a contract defective? Mistake as to value, quality, or price; mistake as to the terms of the contract; mistake as to the law, mistake
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