Essentials of Consideration Presence of consideration is one of the requisites of Valid Contract. Consideration must be of two directional nature. That means both parties should get benefited mutually. Then only the Contract becomes capable of creating legal relations. Consideration may be in the form of cash‚ goods‚ act or Abstinence. Definition of Consideration “When at the desire of the promissor‚ the promisee or any other person has done or abstained from doing or does or abstains from
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CONTRACT LAW- EXAM NOTES What is a contract? An oral or written agreement between two or more parties which is enforceable by law. This agreement ‘will be legally binding if certain criteria are met – briefly‚ they require that there be an agreement (comprising an offer and acceptance)‚ consideration‚ intention to create legal relations‚ compliance with any formalities required by law and that the parties have the legal capacity to contract’1 What is the purpose of contract law
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relationship and importance of both leaders and followers. The one concept I found most important in this module was the 5 essential qualities of effective followership—specifically that of self-management. It is imperative that leaders today know when and how to first be followers‚ and the one quality I know that I need to work on is knowing when it is time to lead and when it is time to embrace humility and be a follower. To begin with‚ NCOA Course 15 defines the 5 essential qualities of effective
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The Importance of Literary Elements in Barn Burning Understanding literary elements such as patterns‚ reader/writer relationships‚ and character choice are critical in appreciating William Faulkner’s Barn Burning. Some literary elements are small and almost inconsequential while others are large and all-encompassing: the mother’s broken clock‚ a small and seemingly insignificant object‚ is used so carefully‚ extracting the maximum effect; the subtle‚ but more frequent use of dialectal
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The basic idea of star formation is gravitational collapse – the contraction of a region of gas under the influence of gravity. This is a simple process that would be expected to occur in any region of material dense enough for collisions between atoms to radiate away energy. However‚ the gas must be dense enough for collisions to occur and the temperature must be low enough for the atomic velocities not to be able to escape the system’s gravity‚ so star formation only occurs in a few areas. The
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there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom the promise is made. The term consideration is given to the subject that is exchanged in a contract.1 It is a fundamental prerequisite in English contract law. 2 The courts has explained the
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security and greater prosperity. These early societies gathered in areas that had certain shared characteristics. In a brief essay (three paragraphs)‚ describe the key elements e.g. geographic characteristics‚ food cultivation techniques‚ social organization‚ etc. necessary for the formation of early societies. Give examples of these elements from at least three of the major regions where early societies formed. Utilize web resources to research and provide citation for evidence from your selected sources
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4. Aspects of Formation for Laity Both the Fathers of Vatican II and the bishops at the 1987 Synod on Laity use the word “integral” to describe the formation for laity. The lay apostolate can only be effective “through manifold and integral formation”. In discovering and living their proper vocation and mission‚ the laity must be formed according to the union which exists from their being members of the Church and citizens of human society. The many interrelated aspects of a totally integrated
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century. They emerged as an authorized structure and were granted exclusive rights to trade and conduct business in certain markets and products. The fact that firms are a different way to organize economic activities cannot explain explicitly and adequately the reason of firm formation. Many socialists and economists have given their interpretations of the conditions under which firms emerged and developed in certain ways in a specialised exchange economy. These explanations are drawn from each other
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Throughout the existence of man on earth‚ the four elements of earth‚ air‚ fire and water have been vital to man’s existence and have been the driving force in sustaining the life and insuring the survival of humanity. These four elements are four basic building blocks that allow man to not only function and live‚ but to further himself and develop into the dominant race on the planet. These four elements are four basic natural commodities that ensure the survival of the human race but when they
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