Introduction What is “Exclusion Clause”? There are various definitions of exclusion clause. Exclusion clause is a term or clause which can be incorporated into a contract. It is a term in a contract that seeks to restrict the rights of the parties to the contract. 1 The terms of the contract are important that they define both the content and scope of the parties’ mutual obligations.2 Classically‚ terms of the contract have been divided into either conditions or warranties. The development of the
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In this way‚ it seems clear that the debate over religious exemptions is a really difficult one. It is true that in theory‚ one’s individual‚ extensive practice of religion is not harmful‚ nor does it burden others too much. However‚ one could argue that a major issue in granting exemptions is that it undermines the law‚ before which we should all be treated as equal‚ and this without exception . Barry highlights that the “the law serves a public purpose”‚ as “its essence is the protection of some
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4100 CONTRACTUAL CHOICE Scott E. Masten Louis and Myrtle Research Professor of Business and Law‚ University of Michigan Business School © Copyright 1999 Scott E. Masten Abstract This chapter discusses alternative theories of contract choice and design with special emphasis on (i) the interaction between contract design and contract enforcement and (ii) the explanatory power of alternative theories. After discussing the primary functions of contract‚ the entry reviews the assumptions
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is claiming $500 as the replacement cost of a new suit. BDS‚ through its new owner‚ Bruce‚ is denying responsibility for this loss and damage due to an exclusion clause on the docket handed to Joe (as usual) when he left his items to be dry cleaned. Bruce also points to a sign at the back of the shop which also excludes liability. This question is concerned with the contents of the contract‚ in particular‚ the incorporation of terms into a contract. Sometimes terms are included in a contract
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CLAUSES Seminar paper Contents: 1. Introduction 3 2. Independent clauses 3 2.1 Declarative clauses 4 2.2 Interrogative clauses 4 2.3 Exclamative clauses…………………………………………………………………………….. 6 2.4 Imperative clauses 6 2.5 Non-clausal material 7 3. Finite dependent clauses 7 3.1 Complement clauses 7 3.2 Adverbial clauses 8 3.3 Relative clauses 8 3.4 Comparative clauses 9 3.5 Peripheral clauses 9 4. Non-finite
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Occupiers Liability for Dangerous Premises Occupiers’ liability is a field of tort law‚ codified in statute‚ which concerns the duty of care that those who occupy (through ownership or lease) real property owe to people who visit or trespass. It deals with liability that may arise from accidents caused by the defective or dangerous condition of the premises. By the expression “Premises” in the context of this topic is meant‚ not only‚ land and buildings but also vehicles‚ railway carriages‚ scaffolding
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Business Contractual Relationships Assessment - Case Study 1 Question1 Referring to the Sales of Goods Act 1979‚ explain the main characteristic of a contract of sale. The contract of sale take place in every day life when we buy something in the shops either food or clothes or just newspaper. There aren’t buying without law. It is important that we always know our rights if we buy something. Referring to the Sale of Goods Act there are two types of contract. One of them is sale and the other
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QUESTION: MAKE A WRITE UP ON EXEMPTIONS AS STIPULATED BY THE INCOME TAX ACT ------------------------------------------------- Tax Exemptions are a deduction allowed by the law to reduce the amount of income that is subject to tax‚ these exemptions come in many forms but what they have in common is they reduce or entirely eliminate tax obligations. These exemptions can be categorized into two‚ exemptions based on the identity of the receipt and exemptions based on the nature of income .The amounts
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CLAUSE A clause is a group of words that contains a subject and a verb. Some clauses are dependent: they can’t stand alone and need an independent clause‚ or sentence‚ to support them. These dependent clauses can be used in three ways: as adjectives‚ as adverbs and as nouns. This article focuses on noun clauses. NOUN CLAUSE A noun clause is a dependent clause that acts as a noun. Noun clauses most often begin with the subordinating conjunction that. Other words that may begin a noun clause are if
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Contractual Relationships I The activities for this subject will introduce you to the concepts associated with contractual relationships. Contracts are the lifeblood of any commercial organization. Good contracts save time and money‚ while bad contracts can lead to lawsuits‚ economic losses‚ and wasted time. These contractual concepts are essential to understand in order to protect an organization and maintain its commercial activity. Contractual relationships cover a wide range of types of business
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