Law of Contract II Semester 2‚ 2011 Word Count: 1932 A party’s right to terminate a contract arises from a particular type of breach of contract by another party. The facts of the breach and the nature of the term breached in each case inform the party with whose contract has been terminated‚ as to whether it is lawful or not. Common law rights to terminate arise in one or more of the following three ways: * Any breach of a condition of the contract; * A serious breach of an intermediate
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Rules of Offer and Acceptance are applied to enforce an agreement by the law. This agreement is the first requisite of any contract of the business. In order to a contract come into being between parties‚ the offer is made by the offeror and the oferee accept that offer. In 21st century‚ there are rapid changes in business trend which create lots of new business model such as e-business and global business. The more business participates‚ the more requirements of Offer and Acceptance Rules to adapt to
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Acceptance Sampling Acceptance sampling has traditionally been a partner of statistical process control and control charts in the area of statistical quality control. Products are shipped around in batches or lots‚ and the idea behind acceptance sampling is that a batch can be declared to be satisfactory or unsatisfactory on the basis of the number of defective items found within a random sample of items from the batch. Thus acceptance sampling provides a general check on the “quality” of the items
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Indian Contract Act states that‚ "every promise on every set of promises forming the consideration for each other an agreement. An agreement is a form of cross reference between different parties‚ which may be written‚ oral and lies upon the honor of the parties for its fulfillment rather than being in any way enforceable. It is also a fact that an agreement is a proposal and its acceptance‚ by which two or more person or parties promises to do abstain from doing an act. But a contract according
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The Acceptance of Others Recently‚ our school adopted the OLWEAS bulling training program. Every other Tuesday we meet with a select group of students and a teacher and talk about different instances and about ourselves. During the trainings that I have endured it has made me think about my actions towards other people and how these actions or words are portrayed. One instance was judging people before you know them personally. As soon as you look at a person most people make a general note based
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with up-and-coming dancers and those with various backgrounds. I had to think on my feet‚ exhibiting through my actions and words what it means to embrace our differences. I want to demonstrate the beauty of welcoming and accepting diversity. People’s differences create a complex and unique portrait. Without those variations‚ our world would be
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A contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and should be
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Business‚ contracts can be considered as the heart of dealings and have to be taken with utter most consideration of the acceptance‚ however in order to understand in depth a binding agreement‚ we must first discuss‚ what determines a contract or binding agreement. These can be defined as “an agreement which the law will enforce” as well as a “promise or set of promises which the court will enforce”. To facilitate a binding agreement‚ an acceptance must occur and must be absolutely unconditional so that
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4. Peer Acceptance As Sentse‚ Lindenberg‚ Omvlee‚ Ormel & Veenstra (2009) stated‚ the need to belong is one of the most important need of an individual‚ and during adolescence‚ the closest group of people that an adolescent could have strong attachments with is his/her family and friends. In a study by Khurshid & Rehman (2006)‚ those who have low self-esteem were reported to have higher peer stressors as compared to others having high self-esteem. Their findings suggested that those who
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Gun Control Must Be Enforced December 14‚ 2012‚ started out as normal day for elementary students in Newton Connecticut. Children were excited as Christmas holidays approach in eleven days and they were to begin their holiday break. Their lives and small community know as Sandy Hook would be forever changed only in matter of minutes. A young man named Adam Lanza walked into the school and killed over twenty students and six staff members and wounded two people. Every parent worst nightmare came
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