WEEK 3 – THE FORMATION OF CONTRACTS Apply Your Knowledge (EXERCISE 4 – CONTRACT OR NOT?) Review the essential elements of a valid and enforceable contract and decide whether a valid‚ void or voidable contract has been formed in each of the following situations. Provide a legal explanation for your decision. 1. Last year‚ Smith‚ the owner of a retail business‚ in an attempt to reduce employee absenteeism due to illness‚ offered to give any employee who quit smoking for a year a $500
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Easybuy exports Judy Claymore Amar Dwarkasing Powisielaan #13‚ Suriname Kalpoeweg #10‚ Suriname Phone: 8906520 Phone: 8600365 Email: judyclay@msn.com Email: easybuy@hotmail
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Contracts Cyril made two contracts. The first was to have his house painted one month from the date of the written contract. The second was for his neighbor’s 1957 Ford Thunderbird. Each contract was definite and clear in all respects. As to the house painting‚ Cyril inquired with the painter as to when the work could begin. The painter explained that he was extremely busy and was not sure if he could fulfill the contract. Cyril flew into a rage and immediately hired someone else
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THE MAİN DİFFERENCES BETWEEN CIF AND FOB CONTRACTS UNDER ENGLİSH LAW CIF contract is that when the seller has delivered the goods or provides them afloat. He has to perform the contract by tendering conforming documents to the buyer. The significant feature of a CIF contract is that performance of bargain is to be fulfilled by delivery of documents and not by actual physical delivery of goods by the seller. 1 2 FOB contract can be described as a flexible instrument. Because‚ the buyer has
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CCGL9032 RESEARCH PAPER Rule of Law in Nepal Rule of Law in a Globalizing World . Abstract Originated from western societies‚ the principle of " Rule of Law" is making great impact on the development of non-western regions through globalizing trend. This research paper mainly looks into the development process of rule of law in Nepal- a new practitioner of rule of law system in government practice. The paper will discuss the rule of law level‚ the reason Nepal manages to attain this
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Contract Questions Please answer BOTH questions. 1. Max‚ an improvised law student placed the following advertisement in the Law Student Gazette: "For sale - Treital - Law of Contact‚ £5" Brian telephoned Max but he was not at home and Celia‚ Max’s girlfriend‚ answered the telephone. Brian asked her whether it was the latest edition. She replied that it was not. Brian then said he would give £4 for the book and Celia replied that she was sure that was acceptable but
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void contract under Nepalese contract act by illustrating the cases. According to Nepalese Contract act 2056‚” A contract is an agreement between two or more persons to do or not to do something‚ which can be enforceable by law.” The supreme court of Nepal has defined the contract as “an agreement of two or more parties with conditions.” The word void means not binding in law. A contract which cannot be forced by both of the contracting parties is called a void contract. If a contract which
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APPLICABILITY OF DOCTRINE OF RULE OF LAW IN INDIA The foundation of Indian Constitution is laid down on the bricks of “Rule of law”.1 The expression ’Rule of Law’ has been derived from the French phrase ’la principle de legalite’‚ i.e. a Government based on the principles of law.2 Rule of law has long normative history of contributing in edifice the legal system of European countries.3 Dicey developed this concept of ‘Rule of Law’.4 Dicey said ‘Rule of Law’ means‚ “the absolute supremacy of predominance
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status and function of the rule of law in the operation of the current Bangladesh constitution INTRODUCTION Every country is based on some kind of law. Some of those are arbitrary powers‚ however over the years the only rule that seems to dictate the terms is the rule of law. One of the basic principles of the any constitution is the rule of law. This doctrine is accepted in the constitution of U.S.A. and in the constitution of Bangladesh. Now a day’s rule of law is one of the most discussed
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Formation: For a contract to take place an offer has to be given to someone and he or she would have to accept it in written. The transaction in this case involves a sale of goods contract. “A contract of sale is a legal contract an exchange of goods‚ services or property to be exchanged from seller to buyer for an agreed upon value in money paid or the promise to pay same. It is a specific type of legal contract.’ (1) Offer: On May 1‚ Joseph received a written order from Steve at the price listed
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