A contract -is a legal agreement that occurs between two or more parties. It can be a written or spoken agreement that can concern employment‚ sales‚ or tenancy. Parties or members involved‚ enter voluntarily into this agreement. Every contracts involve two persons they are the: Offeror and Offeree. The offeror is the one who offers to enter into a contract and the Offeree is the one to whom the contract is being offered Elements of a contract: Agreement‚ Lawful object‚ consideration and contractual
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Essentials of Consideration Presence of consideration is one of the requisites of Valid Contract. Consideration must be of two directional nature. That means both parties should get benefited mutually. Then only the Contract becomes capable of creating legal relations. Consideration may be in the form of cash‚ goods‚ act or Abstinence. Definition of Consideration “When at the desire of the promissor‚ the promisee or any other person has done or abstained from doing or does or abstains from
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The intention (motivation) of Oedipus in Oedipus Rex Oedipus Rex‚ also known as Oedipus the King‚ is one of the most ironic plays ever written. Sophocles‚ the author‚ is a famous philosopher of the ancient times. The Play is about Oedipus‚ the king of Thebes‚ who unwittingly killed his father and married his mother. An oracle warned Laius‚ the king of Thebes prior to Oedipus‚ that his son would slay him. Accordingly‚ when his wife‚ Jocasta‚ bore a son‚ he exposed the baby on Mt. Cithaeron
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Dishonorable intentions |Dale | |Sean | |Yes/no/? |Príklad | |Yes/no/? |príklad | |N | |Machiavelismus |Y |Účel svätí prostriedky‚ ukradol | | |
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ASPECTS OF BUSINESS LESSON 10: VOID AGREEMENTS Learning Outcomes After today’s class you should be able to answer the following questions; • • • The agreements expressly declared to be void The uncertain agreements The wagering agreements have not been discussed in the preceding chapter. Illegal agreements are also ‘unlawful agreements’ as they are expressly declared void by the Contract Act. It may be recalled that in the case of illegal agreements‚ transactions collateral to them are
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www.ccsenet.org/ijms International Journal of Marketing Studies Vol. 3‚ No. 1; February 2011 Factors that Influence Customers’ Buying Intention on Shopping Online Yulihasri School of Management‚ Universiti Sains Malaysia‚ Malaysia Md. Aminul Islam School of Business Innovation and Technopreneurship‚ Universiti Malaysia Perlis‚ Malaysia Ku Amir Ku Daud School of Business Innovation and Technopreneurship‚ Universiti Malaysia Perlis‚ Malaysia Abstract On-line commerce through Internet
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1.0 Contracts and its Elements 1.1 Essentials of a Contract Contracts form part of our daily life e.g. lease of house‚ sale/purchase of cars‚ etc. However‚ there are elements essential to form a contract. These are: 1.1.1 Offer/Invitation MacMillan & Stone (2004) described offer as “an expression of willingness to contract on certain terms. It must be made with the intention that it will become binding upon acceptance. There must be no further negotiations or discussions required.” This can be
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INTRODUCTION A Shareholders’ Agreement is an agreement amongst the shareholders of a company. When a company is created‚ its founding shareholders determine how a company will be owned and managed. The Shareholders’ Agreement establishes rules to govern the relationship between two or more owners of a company. Without a shareholders’ agreement in place‚ the rules that apply are in the applicable corporate statute. The shareholders’ agreement creates an overlay that addresses issues created or left
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CONTENTS 1. Introduction ……………………………………………………………..2 2. Communication‚ acceptance and Revocation of Proposals……………...3 3. Communication when complete…………………………………………6 4. Acceptance must be absolute……………………………………………11 5. Acceptance by performing conditions‚ or receiving consideration……..13 6. Conclusion………………………………………………………………15 7. Bibliography…………………………………………………………….16 INTRODUCTION Indian Contract Act 1872 is the main source of law regulating contracts in Indian law
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INTRODUCTION The law of contract is the collection of legal rules which govern contracts. These rules‚ in turn‚ are part of the law of obligations‚ a subdivision of the law of property which is traditionally regarded as part of private law. Private law governs the persons (legal subject) in their personal or private capacity before the law in relation to other legal subjects. In other word‚ private law can be defined as balance and protect legitimate individual interests. Traditionally private
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