UNFAIR CONTRACT TERMS ACT Section 1 (3) In the case of both contract and tort‚ sections 2 to 7 apply (except where the contrary is stated in section 6(4)) only to business liability‚ that is liability for breach of obligations or duties arising from things done or to be done by a person in the course of a business (whether his own business or another’s)‚ and references to liability are to be read accordingly. Section 2 (1) A person cannot by reference to any contract term or to a notice given
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REPORT ON FRAUD SEC.17 INDIAN CONTRACT ACT 1872 Definition of contract: A contract is an agreement made between two or more parties which the law will enforce. Sec 2(h) defines contract as an agreement enforciable by law. Contract = An agreement + enforceable by law * According to Sir William Anson: A legally binding agreement between two or more persons by which rights are acquired by one or more to acts or forbearances (abstaining from doing something) on the part of the others.
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make. The first is to negotiate settlement money or defend the lawsuit. As a group‚ we will give our best knowledge of business law‚ statistics‚ and ethics to help Mr. Plex choose the ideal decision. First of all we will compare the fraud and misrepresentation of business law. Furthermore‚ we conducted tests on Hypothetical test and a Confidence Interval calculation. Lastly‚ under the ethics theory of cost-benefit analysis‚ justice vs. fairness and rights‚ we decided on the best action that Mr. Plex
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In this assignment I will be giving advice to Rick’s girlfriend on whether she has a legal right to return the laptop that Rick bought for her. I will be analysing whether a valid contract was formed and who it was formed with. As Rick’s girlfriend didn’t buy the laptop and is under the age of 18 she wouldn’t be able to return the laptop as there has been no contract formed with her. However we can assume that her boyfriend is over the age of 18 and as he bought the laptop this means the contract
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GOOD FAITH IN INSURANCE LAW Good Faith: A study Good faith is required in a wide range of situations‚ including contracts and business dealings‚ as well as during mediation‚ arbitration orsettlement negotiations in a personal injury or similar tort case. The good faith requirement also appears in business law. The officers and directors of a corporation are obligated by their fiduciary duties to act in good faith when dealing on behalf of the corporation. Although the phrase “good faith” may mean
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[pic] [pic] [pic] [pic] [pic] [pic] I wish to express my sincere appreciation to Mr. Raymond Kiptum‚ my tutor‚ for his patients‚ encouragements and individual counsel and my classmates who that helped me through with these Assignment tasks. □ ACKNOWLEDGEMENT……….. 2 □ TASK 1 INTRODUCTION……….5 ← Definition of Law ← Classification of Law & Classification of Civil Law
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← Promise to perform existing obligations P.34~36 ← Part payment of a debt P.37 ← Doctrine of promissory estoppel P41~43 ← Void and Voidable contracts P.56~57 ← Misrepresentation P.67~74 □ Fraudulent □ Negligent □ Innocent □ Consequences of misrepresentation □ Misrepresentation and exemption clauses Lecture 4 – Discharge of contracts and special contracts ← Discharge □ Frustration P.6~8 □ Breach P.9 ← Remedies P.10 ← Damages
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statement will not be protected under the First Amendment. Case 7.1 The Ethical Dimension “Landowners who rent or lease premises to tenants all have a duty to supply correct information to tenants.” (Clarkson‚ Miller‚ Cross‚ 2012‚ p. 137). Misrepresentations about the size of leased space becomes unethical when the landowners intentionally defraud tenant by providing incorrect information to tenants to benefit themselves. It should not
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1) a) Explain how the making of the contract between the consignor and the railway station can exist? The contract between the consignor and the railway company will existing when the railway company has accepted the goods for carriage from the consignor and together with the consignment note make by consignor. The acceptance will be established with the consignment note and will be stamp of the forwarding station. The consignment note is made by the consignor with three copy‚ each copy for
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1. Express and Implied Terms The content of a contract are made up of terms (or ‘clauses’ as they are called in the case of written contracts) which may be express or implied. The express terms are the terms which the parties actually stipulated for themselves when making the contract‚ whether orally or in writing. In addition to the express terms‚ the courts sometimes‚ for a variety of reasons‚ imply certain terms into the contract. Implied terms are terms that are not expressly stated in the
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