Business Law TRI 1‚ 2011 Assessment 1 3) Norris had decided for some time that he wanted to purchase a motel. After looking at several different areas‚ he settled on Port Stephens in New South Wales as offering him both the potential for a business and the lifestyle he was seeking. He rang a number of real estate agents‚ inquiring whether they had any motels listed for sale. He finally found a motel and general business listed with an estate agent called Evatt. Evatt told Norris that once he got
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1. Gharar can be described as a technical regulation in Saudi that has specific implication when settling disputes. It is forbidden in Islamic law by Qur’an when the operation concerned is risky and could result in deceit of one of the parties (http://www.investopedia.com/terms/g/gharar.asp). In this case‚ the U.S could claim that the reparation cost of breaching the contract could be classified as Gharar as it is specific to Islamic law: Saudi being an Islamic country with applicable jurisdiction
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Text Reader Agency and Employment Law Dr. Jay-D Olivier INHOLLAND UNIVERSITY Diemen‚ Haarlem‚ Rotterdam Course Year 2010-2011 Term 5 Internal publication INHOLLAND University of Professional Education International Business Management Dr. Jay-D Olivier (BA Law‚ MA‚ D. Law‚ Ph.D) Contents Agency Law 3 Principal’s Duties to the Agent 18 Liability
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A contract can be defined as an agreement containing promises made between two or more parties with the intention of creating certain legal rights and obligations and enforceable in a court of law (Gibson & Fraser‚ 2012‚ Business Law‚ p303). A contract must be satisfied certain legal requirements which are agreements‚ intention to create legal relations‚ considerations and capacity. Agreement = Offer + Acceptance Therefore‚ here apply the rule
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Question 1 Base on the case presented in this question‚ there is a valid promise between Tina and Yatie. According to Section 2a of Contract Act‚ when one person signifies to another his willingness to do or abstain from doing anything‚ with a view to obtain assent of the other to such act or abstinence‚ he is said to make a proposal. Apparently in the case that Yatie had made an offer or proposal to her business partner‚ Tina to supply handcrafts by sending an offer letter to Tina. Tina had received
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Week 1 Knowledge Check Study Guide Concepts Mastery Sole proprietorships and general partnerships Corporations Questions 100% 1 2 3 100% 4 5 6 100% 7 8 9 100% 10 11 12 100% 13 14 15 100% 16 17 18 Limited partnerships and special partnerships Score: 18 / 18 Limited liability companies and limited liability partnerships Franchising‚ licensing‚ and joint ventures Alternative forms of dispute resolution Concept: Sole proprietorships and general partnerships Mastery 100%
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Business Law Introduction A business consists of trade of any profession or vocation. Business law looks at the formation of the business and the contracts plus legislations within it. The body of a business has rules and regulations that business law enforces enabling it to govern the transactions between business entities. In relation to that is commercial law. Marketing‚ Bankruptcy‚ contracts and trade in general are all under commercial law. In this assignment I will be assessing that
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Case 1 1. ｃ: Because‚a federal court has more extensive jurisdiction than a state court. While the jurisdiction of state courts are limited by their boundaries‚ the federal court system covers the entire nation. An important limit to diversity jurisdiction is that only cases involving more than $75‚000 in potential damages may be filed in a federal court. 2. ｂ : n the legal system of the United States‚ a long arm statute is a law which allows a court to exercise jurisdiction
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1. Business law topics such as contracts‚ agency‚ and property are primarily governed by the common law. 1. True 2. False 2. In most states judges are appointed. 1. True 2. False 3. The rational relationship test is more exacting than the intermediate test. 1. True 2. False 4-6. Legislative law includes 4. City ordinances 1. True 2. False 5. The Uniform Commercial Code 1. True 2. False 6. The Restatement of Torts 1. True 2. False
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Question 1 The issue of this question is whether Scott and Kyle can bring legal action against Wayne for what they feel is a breach of contract. Under the law governing offer and acceptance‚ a valid offer has been made through an advertisement. In order for an offer to be accepted‚ the party must entirely accept the offer. The rules governing acceptance has to be positive not passive. Silence does not forms acceptance. The general rule of acceptance is that the acceptance must be received by
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