common law‚ a contract is a legally binding agreement between two or more parties that sets an exchange of promises of what each party will or will not do".(Elliott‚2011‚p.13) The contract can be unilateral and bilateral. if the oferee can accept simply by promising to perform‚ the contract is bilateral. Bilateral contract is a "promise for a promise"‚ and in order to be formed‚ is not need for consideration to be made at the time when the promises are exchanged . In a unilateral contract‚one party
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EMPLOYMENT CONTRACTS An employment contract is made between an employer and employee where the employer agrees to offer a salary in return for the employee performing duties. The purpose of a contract of employment is to draw up rules and regulations concerning the rights‚ obligations and conditions between an employer and employee. It generally states the relationship between the two parties. Any breach of contract by any side is not acceptable by law. Contractual entitlements often include:
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Contract Disputes Vanessa Bray Lee Strayer University BUS501-044 December 9‚ 2011 Dr. William Hadyn Roberts “CONTRACT DISPUTES REACH 15-YEAR HIGH”‚ was the heading of an article published‚ December 1‚ 2010 in the Government Executive. The heading in itself tells us that the government is doing more and more business by contract and as a result contractors who are lobbying for government business have become more aware of their rights to file disputes when it involves a loss of potential
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Role and Functions of Law Sara Winstead LAW/421 December 22‚ 2014 Safiya Byars Role and Functions of Law The role of law functions in everyday business transactions and the surrounding societies. Melvin (2011) stated‚ “Law is a body of rules of action or conduct prescribed by controlling authority and having legal binding force” (p. 4). Role of law in a business and society are the same however can impact businesses differently. Kelly and Associates Insurance Group are compliant with many state
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Immigrant Experience Alina Ibrahim HIS/125 January 13‚ 2013 Matt Brickley Immigrant Experience I am a 36 year old woman from Czechoslovakia who migrated in 1900 to America from my home country with my husband and two young children. We are one of the few families that were lucky enough to come to America together. Once we arrived in America we made our way to Cleveland‚ Ohio where my distant cousins whose family migrated thirty years ago greeted us. When I left what is now Czechoslovakia
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the Philippines in the Visayas Tacloban College Into the Shoes of a CPA A 150-hour practicum experience as a requirement in BA 123 course Public Accounting Office INTRODUCTION What I expect to get from the Practicum When Professor Bernadette Lorenzo‚ our BA 123 (Public Accounting Office) adviser told us to look for accounting firms for our practicum‚ I got excited because I never had the experience to work in an office or company before. Practicum is defined as a school or college course‚ especially
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Malaysian Law and its example. a) The Federal Constitution b) The 13 Constitution of the States comprising the Federation c) Federal law made by Parliament d) State laws made by State Assemblies e) Federal and State Subsidiary Legislation made by persons or bodies under powers conferred on them by Acts of Parliament or Enactments of State Assemblies respectively f) Judicial decisions of the Superior Courts and often referred to ‘common law’ or ‘ judge-made law’ g) Principles
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Law Seen exam question Under the Sale of Goods Act (1979)‚ there are strict rules that a seller/ retailer must abide by once they have entered into a contract. The goods must be as described (section 13)‚ of satisfactory quality (section 14 [2]) and fit for purpose (section 14 [3]). Both section 13 and 14 have strict liability attached to them. The court will not investigate into the mind of the seller at the time or observe how much they tried but all they will look for is if there is a breach
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respectively. That is the reason why psychological contract needs to be invented in a new economy whilst loss of trade unions. Subsequently‚ this essay will not only clarify how the psychological contract is defined and how it is evaluated and applied in organisations in reality but also answer the question why a psychological contract is considered as so important in the management of the contemporary employment relationship. By definition‚ psychological contract has been stated as “a set of unwritten reciprocal
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I personally have had a few encounters with law enforcement over the years. The two to three times that I have personally been stopped by the police were directly related to procedural motor vehicle stops for speeding. The two of the three stops resulted in just simple warning and I was allowed to leave the encounter after a quick background check. The police officers were extremely respectful and easy-going. I personally was taught to respect each and every police officer and to never make their
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