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
Premium Contract Offer and acceptance Invitation to treat
Finite element analysis (FEA) is widely utilized in the automotive industry to study a variety of engineering design activities such as crash test simulations and optimization of manufacturing processes. One of the latest areas to benefit from FEA technology is the E-coat paint process. E-coat paint provides for excellent corrosion resistance and is the first of several different protective paint layers applied to an automotive body. During the E-coat paint process‚ an entire automotive body is immersed
Premium Electric current Electrical resistance Electromagnetism
Business Scenarios and Case Problems 9-1. Contracts by Minors…Discuss Kalen’s liability in this situation. Kalen is a seventeen year old boy who rented an apartment for $500 a month‚ after consistently paying for rent for 4 months‚ he decides to return the key and not pay rent for the rest of the remaining months on the contract. I would think that this is classified as “disaffirmance”. Since he is seventeen‚ and a minor when he leaves the apartment‚ he is able to legally avoid his contractual obligation
Premium Family Death of a Salesman The Play
Team Contract Team Contract DeVry University Bus460 Senior Project Team Contract Section I: Team Member Skill Inventory As a team we understand the importance of knowing our fellow team mates strengths and weaknesses. “An individual’s strongest areas will be those where he or she has a talent‚ but also has a sense of when and how to use that talent constructively”(Gregory‚ 2007).Having a team member skill inventory will help us as a team in many different aspects including
Premium Conflict Member of Parliament Conflict management
1.1 Elements of the marketing process. The process of marketing entails the following four elements i. The parties The consumer is typically prepared to make certain sacrifices in terms of money and effort in order to obtain an offering that satisfies his needs. The aim or aspiration of the customer is to satisfy his needs within the limits of his means(Booms & Bitner 1981). Therefore the marketing officer analyses the needs and desires of the consumer and determines whether they can be met
Premium Marketing
main characteristics of a consumer contract. Sale of Goods Act 1979 (SOGA 1979) is amended by Sale and Supply of Goods Act 1994 and the Sale and Supply of Goods to Consumers Regulations 2002 The Contract for Sale of Goods A contract for the sale of goods is ‘a contract in which the seller transfers‚ or agrees to transfer‚ the property in goods to a buyer for a money consideration‚ called the price’ This contract contains two conditions‚ Both ‘sale’ and ‘agreement to sell‚ the seller can transfer
Premium Contract Tort
A Supplier Partnering Agreement at the University of Las Vegas Introduction The supplier partnering agreement at the University of Las Vegas case reflects the initiative of the Nevada Office Supply Company (NOSC) to become the sole supplier of office goods‚ not only to the University‚ but also to all state institutions involved in education. NOSC already is a major supplier to these institutions with approximately 50% of the business‚ and has provided competitive prices‚ good quality and
Premium Standard Oil Nevada Cartel
The importance of the Good Friday Agreement Introduction: The Irish Island has for centuries been characterized by a conflict between the British and the Irish‚ and has political‚ economical and religious roots. After Ireland became independent in the early 19th century‚ the battles continued in Northern Ireland‚ who was left under British rules. Irish Catholics in Northern Ireland who had been discriminated for a long time by British Protestants started using weapons and violence exploded. In
Premium Northern Ireland Belfast Ireland
Drafting Stock Purchase Agreement Professor Alan Shaw Stock Purchase Agreement Stock Purchase Agreement‚ dated December 6‚ 2011‚ between Supersonic Business Ventures‚ Inc.‚ a Delaware corporation‚ (“SBV”)‚ Delilah Wings Corp.‚ a Delaware corporation‚ (“DWC”) and Sam Samson (“Samson”)‚ (collectively the “Sellers”)‚ and Fly-by-Night Aviation‚ Inc.‚ a New York corporation (“Aviation”). Recitals: (A) After the Closing‚ Aviation intends to enter into a one year contract with Roundhead Industries
Premium Corporation Sales Asset
Adoption has many effects on families; identity formation is one the most important stages that a child has to form during the ages of adolescence. It is a lifelong process but it is mainly formed between the ages of 13 to 18. Forming an identity can be very difficult for an adopted child because leaving all the struggles that they will be already facing‚ the formation of identity will add another conflict in their lives. Parents can help adopted children by establishing a sense of identity and by
Premium Adoption