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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Team C Reflection Team C Reflection Team C will discuss the differences between substantive law‚ procedural law‚ criminal law‚ civil law‚ common law‚ and statutory law. We will provide examples of each law and try to discuss what U.S. Constitution amendments were implemented to protect the rights of businesses and organizations. Civil cases usually involve private disputes between persons or organizations. Criminal cases involve an action considered to be harmful to society as a whole
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LAW TUTORIAL QUESTIONS Tutorial 1 1. Explain: (a) international law (b) legal rights (c) legal duty (d) public international law (e) private international law 2. Explain the differences between civil law system and common law system 3. Explain: (a) Convention (exam) (b) Treaties (exam) (c) International Organization (d) State (e) Non-Governmental Organization (NGO) (f) MNE & TNC (g)International Person 4.What governs the relationship in International Trade? Tutorial
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THIS IS NOT THE EXAM!!!!!! | | |BA HONS IN LAW | |EXAMINATION: | |TORT LAW 1
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Chapter 1: Introduction 1. Origin of Statistics: The word Statistics seems to have been derived from Latin word ‘Status’‚ German word ‘Statistik’ or Italian word ‘Statista’. Each of these means “Political State’. In ancient time governments used to collect the information regarding the population & the property of the State. In India an efficient system of collecting official and administrative statistics existed even more than 2000 Years ago‚ in particular‚ during the period of Chandra Gupta
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Chapter 1 Introduction to Law and Legal Reasoning TRUE/FALSE QUESTIONS A1. The stability and predictability of the law is essential to business activities. ANSWER: T PAGE: NAT: AACSB Analytic B1. 2 TYPE: AICPA Critical Thinking = An important function of the law is to provide jurisprudence. ANSWER: F PAGE: NAT: AACSB Reflective Thinking 2 TYPE: AICPA N Critical A2. Law is a body of enforceable rules governing relationships among individuals and between individuals and their society. ANSWER: T
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Breach of Contract Reading: George Shenoy and Loo Wee Ling (eds)‚ Principles of Singapore Business Law (“PSBL”)‚ (Cengage 2013)‚ Chapter 18. We will concentrate in class mainly on Damages. Note that PSBL chapter 18 addresses the topics in a different order from this Outline; we will in general follow the order of the Outline Note: References below to Poole are to Jill Poole‚ Casebook on Contract Law (10th ed‚ 2010)‚ which is available at Course Reserve in the Library. References to previous
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Chapter 8 Chapter questions 1‚2‚3‚5‚6‚7‚10 1. When does a promise constitute consideration? For a promise to constitute consideration‚ the promise must impose an obligation on the person making it. 2. May a promise that is conditional constitute consideration? Yes‚ such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit
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different business name from that of the partners ’ names must file a "doing business as" (DBA)‚ or "fictitious" business name‚ as explained on the Citizen Media Law Project website. S corporations rarely file a fictitious formation documents. Many states require S corporations to include a corporate identifier business name. Rather‚ S corporations list the name of the business in the company ’s in the business name such as "incorporation‚" "corporation‚" or the correct abbreviation. The business name
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CH. 18 – Introduction to Sales 1. What is a merchant under UCC Article 2? 252 A merchant is someone who routinely deals in the particular goods involved. The UCC frequently holds a merchant to a higher standard of conduct than a non-merchant. 2. What are the rules for different terms under Sec. 2-207? 256 If there is no clear oral agreement‚ the Code supplies its own terms‚ called gap fillers‚ which cover prices‚ delivery dates and places‚ warranties‚ etc. 3. What situations are covered by
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