Unit 5 Practice Test 1. All contracts involving interests in land must be in writing to be enforceable –T 2. A contract that by its own terms cannot be performed within a year must be in writing to be enforceable -T 3. All promises must be in writing to be enforceable -F 4. There are no exceptions to the Statute of Frauds -F 5. The rights under a contract for personal service normally can be assigned - F 6. A contract that contains a clause prohibiting its assignment will usually prevent it from
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Business & Company Law – ’11-’12 – Question 1 Introduction: Whenever a contract is to be formed‚ there are certain elements which should meet the requirement in order for it to be established. They are offer‚ acceptance (agreement)‚ consideration and intention. * Definition: Agreement – Is formed when an offer is made and accepted. * Communication: Must be communicated * Except in the case of a unilateral contract. * Two types of Communications: * Instantaneous
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Legal Issues in Business Organizations University of Phoenix June 29‚ 2012 SITUATION A Employee A’s leave of absence is covered under the Family and Medical Leave Act (FMLA) of 1993. FMLA applies to all companies with 50 or more employees. This act mandates an employee be allowed up to 12 weeks of leave for qualifying circumstances. The birth of Employee A’s child is a qualifying circumstance under the domestic responsibilities clause of the act. Longevity a clause in the FMLA also makes
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application of English Law in our legal system. English Law is part of Malaysian law. The definition of law in Article 160 of the Federal Constitution includes ‘the common law in so far as it is in operation in the Federation or any part thereof’. That qualification concerns the extent to which English Law is applicable in Malaysia. First‚ we will discuss on the meaning of ‘sources’. Historical sources is the factor which influenced the development of law in religious and custom. Law can be found through
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Week 1 Individual Assignment Bus/415 Business Law 1. The National Enquirer is a newspaper that is sold at most grocery stores‚ and gas stations. It is known for reporting the most up to date gossip about celebrities‚ scandals‚ and other type of so called news. Most of the information that is reported in this paper; which is also known as a tabloid is said to be untrue. Especially by the people that are reported in it. It is based out of Florida but most of the circulation is in the state
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Leadership in organizations Me Goso LDR 531 4/10/2013 Stewart Segall Leadership in organizations Leadership is a term with a variety of definitions depending on the context that it’s been defined. One common definition of leadership is “the behavior of an individual directing the activities of a group toward a shared goal.” The following paragraphs would elaborate on one major approach of studying leadership‚ its strengths and weakness‚ and an example in which it was used in an organization
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Charlie is going to rescind the contract. He demands return of his money and compensation for the loss of commission on several high profile sales of his business. He wants to rescind the contract because the package of software recommend by Carmine was obsolete‚ despite Carmine’s assurances. This problem is concerned with the contents of the contract which is term in the contract‚ the misrepresentation and unconscionable conduct. Charlie will claim that Carmine verbal assurances about the
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Assignment on Business Law Topic: Identify the food product (Maggi 2-Minute noodles)‚ Cigarette (British American Tobacco Group)‚ Electronic good (Symphony mobile phone) are safe or unsafe under the Consumer Rights Protection Act 2009. Submitted by: Group-5 Name ID. No. Muhammad Shahreer Imran (L) 100206007 Md. Masud Rana 100106002 Naguib Jahan Shafi 100206014 Md. Akhlas Hossain Subuz 110106019 Surma Akter Mili 100206003
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Lecture 1: The importance of Business Ethics * 1st part : Introduction Ethics in General: Ethics is simply how people try to live their lives according to a standard of what is good or bad. They apply these standards both in how they think and how the others behave. Two way relationship. Example : MY friend left his wife for someone else. How do you think ? Unethical‚ so I behave in a way to not to talk to him anymore. My friend considers what I did as unethical‚ we’ve been friend for
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losing party would be subject to very harsh and unreasonable bc the contract was unenforced Categories of illegal agreements 1)that violate statutes (break laws or are directly assisting in broken laws) 2)violate public policy 3)unconscionable agreements and contracts of adhesion Noncompetition clauses 1) Clause must serve a legitimate business purpose 2) The restriction on competition must be reasonable in time‚ geographic area and scope.3) The clause should not impose any undue hardship.. -Very
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