19. Discuss the advantages and disadvantages of management contract to both the hotel owner and the management company? The advantage of the management contract is: The management contract incurs minimum risk to the company as compared to sole ownership and joint-venture development since the management company has little or minimal equity invested in the hotel. The hotel management company only assigns a group of professional managers to operate the property for the owner. If political crisis
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Target data breach is a very good example of the risks of using single level/layer defense strategies for information security in an organization. In fact‚ it taught us and the organizations in the information security industry a very valuable lesson as to how important is it to employ strategies like Defense in Depth‚ Critical Controls etc.‚ Below is a brief summary of steps that can be taken to avoid such attacks. I’ve included the chain of different events that led to the Target Data breach and the
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that 40 million credit and debit card accounts were compromised by a data breach. The information had appeared to be stole around black friday of 2013. This is the busiest shopping day of the year.The retailer said that the information stolen between November 27 and December 15‚ 2013 included personal information of as many as 70 million people more than the 40 million the company originally estimated. Target discovered the breach on December 13th and notified the justice department.The information stolen
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Contract closing a method of costing large projects‚ where the contracted work will run over several accounting periods Every organisation will have its own costing system with characteristics which are unique to that particular system. However‚ although each system might be different‚ the basic costing method used by the organisation is likely to depend on the type of activity that the organisation is engaged in. The costing system would have the same basic characteristics as the systems
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definition of a contract? An agreement between two or more parties for the doing or not doing of something specified. Describe the various types of contracts. 1) Bilateral and Unilateral 2) Express and Implied 3) Executory and Executed What elements does a contract need to be enforceable? 1) Agreement 2) Legality 3) Consideration 4) Capacity What elements would constitute a discharge of a contract? 1) Material breach 2) Minor breach 3) Anticipatory breach 4) Mutual Rescission
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Many employers now require that employees‚ as a condition of being hired‚ sign employment contracts that contain non-compete or non-solicitation provisions. A non-compete provision prohibits the employee from starting a business in competition with their current employer (or perhaps also prohibiting the employee from going to work for a close competitor). A non-solicitation provision prohibits the employee from contacting the customers of the employer in hopes of taking their business away from the
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Discharge Criteria in Day Surgery The continuing increase in day surgery procedures has led to a number of issues‚ as nurses are challenged to provide the best possible care within a short time frame as well as to minimize the length of hospital stay. Utilizing the evidence from the literature‚ I am focusing especially on factors that lead to a delay in discharge and the introduction of guidelines to overcome the issue. I presently work the day surgery unit of a new hospital and
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that is given in return for something else. On the other hand‚ there was an exceptions under Sec 26 of CA which is an agreement without consideration is void unless the contract made on account of natural love and effection that is stated in Sec 26(a) of CA. There are several requirements under Sec 26(a) of CA which is the contract must be expressed in writting‚ must be registered if required by law and made on account of natural love and affection and between parties standing in near relation to
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Marriage Contract: Fact Sheet By: Dwaine Nichol and Andrew Cortellessa Marriage Contract When entering into a marriage‚ the bride and groom may wish to sign an agreement detailing how assets will be divided if the marriage breaks down. Marriage contracts‚ often referred to as pre-nuptial agreements‚ can be drafted and signed before the marriage or during the course of a marriage. Depending on the jurisdiction‚ formal requirements may need to be met (i.e. agreement in writing‚ signatures‚ witnesses)
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Contracts Exam Notes Monika Petrusevska + Kieran Paskin 2012 The 17th day of the 6th month in the 2013th year IS THERE AN AGREEMENT (Satisfy the three elements) Offer and acceptance between more than 2 parties - Clarke v Dunraven May be necessary to look at whole course of dealings - Empirnall Holdings v Machon Was there an offer? – Step 1: Define + State what type of contract Expression to another of willingness to be legally bound by terms – Australian Woollen Mills v Commonwealth
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