LAW OF CONTRACT Subject Code : 101 TOPIC : VALUE OF INSUFFICIENCY OF CONSIDERATION IN CONTRACT PRESENTED BY : NAME : Siddharth Dalabehera ROLL : 1283092 COURSE : BA LLB (B) UNDER THE GUIDANCE OF : MS. Jinia Kundu and MR. P. K. Ghosh ACKNOWLEDGMENT I owe a great many thanks to a great many people who helped and supported me during
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Consideration In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promisor and a promisee. They must each receive a benefit and each suffer a detriment. This benefit or detriment is referred to as consideration. Consideration must be something of value in the eyes of the law - (Thomas v Thomas). This excludes promises of love and affection‚ gaming and betting etc. A one sided promise
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1 (a) According to the information from the question‚ Hei Lau’s letter amounted to an offer to sell his second-hand car and the offer would remain open for one week. Although Chiu Chor made the first letter to Hei Lau for inquiring “whether he would take HK$40‚000 for the car”‚ the original offer was still valid because this inquiry was a mere request for information about the offer rather than a counter offer‚ it does not imply a rejection of the offer. An example of a mere request is the case
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Introduction Consideration is one of the essential elements for a formation of a contract.1 According to Lord Pollock’s definition of consideration which is an act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought and the promise thus given for value is enforceable.2 Besides that‚ consideration must be something of value given or promised in exchange for the promise given by the other party in order for a valid contract to be formed.3
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The four main purposes of punishment in the criminal justice system are: Deterrence - this is something intended to discourage someone from commiting a crime through instilling fear as to the consequences for their actions. There are two types of deterrence - specific deterrence and general deterrence. Retribution - its purpose of punishment is to administer justice - a deserved or morally right consequence to the offender that committed the crime. Rehabilitation - this punishment aims to reform
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Honesty in Negotiation Kristina Jackson MGT470 – Conflict and Management Negotiation Colorado State University - Global Campus Dr. Shelly July 27‚ 2014 Honesty in Negotiation In the following paper I’m going to discuss honesty in negotiation based on the article “Honesty in Negotiation” by Chris Provis. Author discusses deception and other forms of influences in negotiation. He feels that deception in bargaining raises ethical concerns‚ and he further argues against
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how starch and cellulose are treated to allow them to be used by the yeast? One potential ethanol feedstock is starch. Starch molecules are made up of long chains of glucose molecules. Thus‚ starchy materials can also be fermented after breaking starch molecules into simple glucose molecules. Examples of starchy materials commonly used around the world for ethanol production include cereal grains‚ potato‚ sweet potato‚ and cassava. A great amount of ethanol fuel is currently produced by starch
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“There is no honesty in politics.” 800-1000 words STYLE: Expository PROMPT: Cartoon 3 AUDIENCE: Those concerned about the consequences of political dishonesty. Six years ago I sat in a classroom‚ pondering a matter which has come of interest once more. There is no honesty in politics. Being faced with this subject brings me back to one of my noteworthy days from back in primary school; voting period for the ‘grade fivers and sixers’. We had just heard speeches from a team of brave
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In a friendship relationship honesty is the most important trait one should have. Although many traits such as respectfulness‚ trustworthiness and caring are also important to have one believes that honesty is the number one trait. Honesty means telling the truth‚ having good intentions and being sincere. To establish a friendship relationship one should be able to believe in each other. An example of this is believing in each other is when a friend borrows money and they say they will return it
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Four key values and ethical considerations at that I consider most important when establishing /conducting treatment groups are respect and dignity‚ empowerment‚ individualization‚ and understanding/respect/camaraderie among people from diverse backgrounds. Respect and dignity is important when I practice social work because it helps me to provide services regardless of circumstances. For example‚ when providing services to someone whom I do not agree with their behavior I must treat them with
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