Define Business Law. Ans: Business Law can be defined as that branch of legal system that regulates business activities and guarantees an orderly conduct of business affairs and settlement of legitimate disputes in a just manner. LAW OF SALE OF GOODS I. Introduction: 1. Define the Sale of Goods Act ? The Sale of Goods Act is an Act to define and amend the law relating to the sale of goods. It also governs the contracts relating to sale of goods. This Act applies to the whole of
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Business Law Lecture 1: Separation of powers: Sources of Law: Common Law judge made law / case law Statutory Law Parliament Parliament: Government Parliament Bi-cameral < State Parliament Government Parliament Upper = Senate Lower = House of Reps State Parliament Upper = Legislative Council Lower = Legislative Assembly Interpretation Of Law: 1. Literal approach (gives literal interpretation to statute’s words) 2. Golden Rule (avoids interpretations that cause absurdities)
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intentions to create legal relations 2. To understand what is an offer and acceptance 3. Explaining the rules for offer and acceptance 4. Explain the importance of consideration 5. Explain the rules for consideration 6. Explain the concept of promissory estoppel Intention to create legal relations Intention to create legal relations • The fact that parties have reached agreement does not necessarily mean that a contract has been formed. • There must be an intention to create legal relations! 1
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shopkeeper. Cases to supports this are Fisher v Bell and Pharmaceutical Society v Boots Chemists. Another area in which the sales of goods are treated as an invitation to treat is advertisement as seen in Partridge v Crittenden. However we have an exception. Case to support this is Carlill v Carbolic where a reward was attached to the advert. This case is treated as an offer because it can be accepted without any future negotiations. Another example where the term of offer is not good valuated we
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Contract Law Notes Contracts ‘A’ Offer Bilateral contracts Unilateral contracts Offers to the public at large What is an offer? Mere puff Supply of information Invitation to treat Categorizing transactions Advertisements a) Advertisements in a catalogue or a curricular b) Advertisements in newspapers or magazines c) Advertisements appearing on the internet d) Display of goods Auctions a) Advertisement of auction b) Auctions with reserves c) Auctions without a reserve Tendering
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Introduction By English land law is meant the land law of England and Wales‚ two of the four parts of the United Kingdom of Great Britain and Northern Ireland‚ the other two parts being Scotland and Northern Ireland. England and Wales use the same land law‚ and Northern Ireland (like the Irish Republic) also uses English land law‚ but subject to the legislation of its own Parliament. There is‚ therefore‚ no such thing as British land law. The English Land law can only be explained by an elaborate
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Grocery Inc. University Of Phoenix Business Law BUS 415 Rulon Huntsman July 09‚ 2008 Grocery Inc. Grocery Inc.‚ a retail grocery stores chain based in Any State‚ U.S.A. needs to renovate their store. Grocery Inc. entered into an enforceable contract with Masterpiece Construction explaining the renovations must be complete within a six-month period. Masterpiece‚ unable to complete the renovations within the six-month time limit due to a sudden increase in new contracts‚ sub-contracted
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DOCTRINES OF CONSIDERATION AND SUFFICIENCY INTRODUCTION This essay critically explores the doctrines of consideration and sufficiency within the context of contract law‚ with references to the matter of Thomas v Thomas from 1842. In assigning significance to these matters‚ it is noted that Sir John Patteson‚ a judge in 1830 who was appointed to the Court of King’s Bench‚ (later the Privy Council) was knighted shortly after making the landmark decision regarding the doctrine of consideration
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Doctrines and Principles in Remedial Law Doctrine of non-interference or doctrine of judicial stability Courts of equal and coordinate jurisdiction cannot interfere with each other‘s orders. Thus‚ the RTC has no power to nullify or enjoin the enforcement of a writ of possession issued by another RTC. The principle also bars a court from reviewing or interfering with the judgment of a co-equal court over which it has no appellate jurisdiction or power of review. This doctrine applies with
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lawhandbook.org.au/handbook/ch12s01s02.php Mallor‚ J. P.‚ Barnes‚ A. J.‚ Bowers‚ T.‚ & Langvardt‚ A. W. (2010). Business Law - The Ethical‚ Global‚ and E-Commerce Environment. (14th ed.). (pp. 307-343). Boston‚ MA: McGraw-Hill Irwin. Promissory Estoppel and Detrimental Reliance. (n.d.). Lawnix. Retrieved April 28‚ 2012‚ from http://www.lawnix.com/cases/promissory-estoppel.html What is Legal Consideration?. (n.d.). Wise Geek. Retrieved April 28‚ 2012‚ from http://www.wisegeek.com/what-is-legal-consideration
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