1) A contract is an agreement made between two or more parties which are recognised by Law. There have been many scenarios such as the rejection of offer‚ leaving a voicemail to accept the offer‚ letter been posted on the same day and also a note through the door stating that offer has been accepted by David. First of all‚ in our case Arthur decides to sell his car putting a notice in his rear window of the car door. This action represents an offer not an invitation to treat. An offer is when one
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’Moore’s Law’ An observation made by Intel co-founder Gordon Moore in 1965. He noticed that the number of transistors per square inch on integrated circuits had doubled every year since their invention. Moore’s law predicts that this trend[->0] will continue into the foreseeable future. Although the pace has slowed‚ the number of transistors per square inch has since doubled approximately every 18 months. This is used as the current definition of Moore’s law. History The term "Moore’s law" was
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| Lessee Ltd.- Lease Case | | | | | | 1. Was the junior accountant’s analysis correct? Why or why not? No‚ the junior accountant’s analysis is not correct in classifying the lease as an operating lease in accordance with IFRS. Whether or not a lease is classified as a finance or an operating lease depends on if all of the benefits as well as risks of ownership have been shifted from the lessor to the lessee. According to IAS 17-10(d)‚ a lease must be classified as a finance
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BUS203 Company Law and Corporate Governance Assignment 2 - Group-Based Assignment July 2012 Presentation BUS203 Group-based Assignment Group-based Assignment This assignment is worth 30% of the final mark for BUS203 Company Law and Corporate Governance. The cut-off date for this assignment is 14 October 2012‚ 2359 hrs. This is a group-based assignment. You should form a group of 3 members from your seminar group. Each group is required to upload a single report to MyUniSIM via
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3. 4. 5. Introduction The general principles of liability for negligence Product liability Liability for negligent misstatement Vicarious liability THE LAW OF TORT (民事侵權法) 1. What is Tort? One party suffers damage or loss as the result of the action of another No need for a contractual relationship The law of tort regulates the behaviour of individuals and legal persons 2 1. Introduction Tort: “Wrong” (a civil wrong) Three main types: • Intentional torts (Beating
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contract is agreement concerning promises made between two or more parties with the intention if creating certain legal right and obligation upon the parties to that agreement which shall be enforceable in court law. The Trade practices act 1974 (Cth) particularly s52 cover the contract law: seven elements to create a simple contract‚ which are listed as the following: * Intention * Agreement * Consideration * Capacity * Consent * Legality purpose * Form Acceptance
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QUESTION 1 (I) Issue: Will Simon be solely liable if things go wrong? Provisions/ Case law: A promoter is defined in Twycross v Grant (1877) as ‘one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary steps to accomplish that purpose’. The promoter would be the person who undertakes the formation of a company by carrying out the procedures necessary for incorporation‚ person actually interested in the company or professionals who incorporate
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secretary of a company. Before taking on the role‚ he or she needs to sign consent to act as secretary of the company and the company must keep the consent also which mentioned in s204C (Canberra 2012 pp. 252-254). CLERP changes to the Corporations Law do not have direct effect in relation to the role of the Company Secretary (Snorcha 2005). It allows proprietary companies not necessary to have a company secretary as a director can also act as a secretary. However‚ if it does have company secretary
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between the role of criminal law and civil law in relation to the legal system and analyse the purpose of the law. Criminal law is the body of law that relates to crime. It might be defined as the body of rules that defines conduct that is prohibited by the state because it is held to threaten‚ harm or otherwise endanger the safety and welfare of the public‚ and that sets out the punishment to be imposed on those who breach these laws. [1] The criminal law serves several purposes and benefits
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1. Executive Summary Greencross Limited‚ the company behind Petbarn stores and Greencross vets expanded into Western Australia with a $205 million takeover of petcare retailer City Farmers. Greencross’ purchase of City Farmers added 42 stores to its network‚ taking its total number to 177‚ plus 108 vet clinics. Greencross funded its takeover of City Farmers by offering new shares to the former owners‚ existing Greencross shareholders and institutional investors. The transaction results in a Greencross
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