Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity‚" or being of legal age and sound competence; "mutual assent‚" or agreement on the terms of a contract; and "consideration‚" or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides
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is finally able to work out an escape plan‚ however‚ he elects not to go through with it‚ instead opting to stay and help Rieux fight the plague. He speaks of his change of heart thus‚ ?? . . . now that I have seen what I have seen‚ I know that I belong here whether I want it or not. This business is everybody?s business.??23 Rambert?s revolt can be considered twofold. His ultimate choice to remain in Oran and fight the plague is an act of revolt‚ but‚ as Haggis observes‚ so is his desire to ?defy
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For this weeks discussion on agents of socialization‚ I chose to explore the role gender plays in sports. According to Real World: An Introduction to Sociology‚ agents of socialization is defined as “social groups‚ institutions‚ and individuals (especially the family‚ school‚ peers‚ and the mass media) that provide structured situations in which socialization takes place”. This means that playing sports teaches many essential concepts about life. Have you ever wondered why is it when a little boy
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What role does equality play in socialist ideology? Socialism as a political ideology has been best defined by its upmost opposition to capitalism. It has offered an alternative economic and social structure for society with the principle of equality at its core. The feature of equality for socialism is seen to allow the maximisation of human freedom in the sense that it allows and provides satisfaction in terms of material needs and provides the basis for personal development as a result
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Firstly‚ it is clear that to some degree‚ Antigone does indeed care about her deceased brother and truly does believe she is doing what is right‚ regardless of whether she thinks the religious traditions to be true or not. “One must do what one can‚” she says‚ and she believes in upholding this moral principle regardless of how little impact it will have. Creon however‚ describes this as a “senseless gesture”‚ not only due to its futility but also because he refutes the idea that Polynices may only
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Contracts Summary DAMAGES – REMEDIES FOR BREACH OF CONTRACT THE INTERESTS PROTECTED Fuller and Perdue‚ “The Reliance Interest in Contract Damages” There are three principle purposes in awarding contract damages: restitution interest – object is the prevention of unjust enrichment by the defaulting promisor at the expense of the promisee reliance interest – object is to put the plaintiff in a good position as he was before the promise was made expectation interest – object is to put the
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In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
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History of Contract in India The Third Law commission of British India formed in 1861 under the stewardship of Chairman Sir John Romilly‚ with initial members as Sir Edward Ryan‚ R. Lowe‚ J.M. Macleod‚ Sir W. Erle (succeeded by Sir. W.M. James) and Justice Wills (succeeded by J. Henderson)‚ had presented the report on contract law for India as Draft Contract Law (1866). The Draft Law was enacted as The Act 9 of 1872 on 25th April 1872 and the Indian Contract Act‚ 1872 came into force with effect
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LAW OF CONTRACT NOTES INTRODUCTION. A contract is an agreement between two parties which is enforceable by law.An agreement is made when a person signifies his willingness to do or to abstain from doing anything with a view of obtaining the assent of the other party. Such act or abstinence is said to make a proposal.The person making the proposal is called the offeror and the person accepting the proposal is called the offeree TYPES OF CONTRACTS: Contracts may be classified into: -Written
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A contract intends to formalize an agreement of two or more parties‚ in relation to a particular subject. Contracts can cover an extremely broad range of matters including the sale of goods or real property‚ the terms of employment or of an independent contractor relationship‚ the settlement of a dispute and ownership of intellectual property developed as part of work for hire. Essential Elements of a Contract * Clear certain and communicated agreement. Meaning that the parties are consensus
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