Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity‚" or being of legal age and sound competence; "mutual assent‚" or agreement on the terms of a contract; and "consideration‚" or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides
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attempting to enforce. A. Definition: Contract law is an enforcement of a single promise‚ not an agreement at whole. a. Contract law is state law. It is common law by default‚ unless a statute has been passed covering the issue. Right to contract is guaranteed primarily by common law and some statutes‚ NOT by the constitution. Our law does not recognize any natural right to freedom of contract or economic activity. B. Sources of Contract Law b. Common Law: applies if the UCC
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In the case of Safety and Glove Discharge‚ With Just Cause the union claim that the company violated the collective bargaining agreement in the dismissal of Mr. McNamara without just cause. However the company is of the opposite view and claim the the employee dismissal was of just cause. The union took on several position in showing that the dismissal was not a just cause dismissal. the union argues that the dismissal was of insufficient cause and that the plant rule violation as a cause does
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Chapter 7 Critical Thinking Exercise 1. Define the Objective Theory of Contracts. Answer: Objective Theory of Contracts is defined as the parties’ assent is not judged by the subjective intent by each party‚ but by the objective intent that a similarity situated reasonable person would understand the parties to have. 2. On May 1‚ Brand Name Industries‚ Inc. (BNI)‚ sent Carol a letter‚ via overnight delivery‚ offering to employ her to audit BNI’s financial statements for the current year
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because of water retention and it can cause an infection in the body that can harm and cause actual problem. | 3 | Impaired physical mobility related to his pain at his bipedal | Because pain can be tolerable and can be relieved by analgesic | Discharge Plan (METHOD) MEDICATIONS * Alpha-blockers‚ such as terazosin (Hytrin)‚ relieve symptoms within a few weeks but do not stop the process of prostate enlargement. * 5-alpha reductase inhibitors‚ such as dutasteride (Avodart) or finasteride
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CREDIT SEMINAR REPORT ON CONTRACT FARMING [pic] Submitted to: Submitted By: Dr. Madhu sharma M. Nageswara Rao Associate Professor MBA (AB) 1st year Institute of Agri Business Management Rajasthan Agricultural University Bikaner Rajasthan 2008-2010 CONTENTS 1. INTRODUCTION 1.1. DEFINITION 1.2. BROAD OBJECTIVES
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Zidisha Microfinance Member Legal Contract This is a legally binding contract between (Applicant Name) ____________________________________________ of Address ____________________________________________________________________________________ and National Identity Number ___________________________ and Zidisha Inc. (Zidisha)‚ a nonprofit organization located at 21900 Muirfield Circle #302‚ Sterling‚ Virginia 20164 United States. I‚ (Applicant Name) ____________________________________________
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Essentialia The contract of employment is an agreement between two parties in terms of which one party (Mr. Phage) places his labour potential at the disposal and under the control of the other party (Lifeline services)‚ in exchange for some form of remuneration. From this definition‚ it is clear that the essentialia of a contract of employment are 1. Work and 2. Remuneration. This contract does not meet the requirement for work because even though an ambiguous job title of ‘General Worker’
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1. Introduction There are many types of contraction contract. For example Lump Sum Contracts‚ Unit Price Contracts‚ Cost Plus Contracts‚ Design and Build Contracts & Concession Contracts. Today Concession Contracts are gaining popularity in the Malaysian construction industry. What is Concession Contracts about? It can be define as a business operated under a contract or license associated with a degree of exclusivity in business within a certain geographical area. A project based on granting by
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Tender of Performance | A Brief Analysis | Parijat Mishra | | Roll No. - 1282060 1st Semester‚ BBA LLB (A) Kiit School Of Law‚ Bhubaneswar Acknowledgement I‚ Parijat Mishra of BBA LLB (A)‚ 1st Semester‚ under roll number 1282060‚ am highly grateful to my teachers Mr Puranjoy Ghosh and Ms Jinia Kundu for their untiring help and encouragement during the course of my project titled "Tender Of Performance". I highly acknowledge‚ with deepest sense of gratitude and indebtedness‚ the
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