CONTRACT LAW- EXAM NOTES What is a contract? An oral or written agreement between two or more parties which is enforceable by law. This agreement ‘will be legally binding if certain criteria are met – briefly‚ they require that there be an agreement (comprising an offer and acceptance)‚ consideration‚ intention to create legal relations‚ compliance with any formalities required by law and that the parties have the legal capacity to contract’1 What is the purpose of contract law
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_________________ 1. Article 2 of the UCC mandates that the parties to a sales contract state in specific and unambiguous language the exact terms of the contract. Otherwise‚ courts will declare the contract unenforceable. True False 2. Law of sale of goods codified in the Art.2 of the UCC is modified to accommodate current practices of the merchants. True False 3. In mixed goods-services situations‚ courts determine whether the contract is for the sale of goods by determining
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FORMATION OF A COMPANY I. Promotion : Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company. The promoters enter into preliminary contracts with vendors and make arrangements for the preparation‚ advertisement and the circulation of prospectus
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The intent of this experiment is to demonstrate the formations of the world oceans and why they are salty. I hope to learn more about the formations of the world oceans and what causes the oceans to be salty. Based on my research‚ I know that if salty water was put on black paper and left outside in the sun‚ the water would evaporate but the salt crystals would stay. The salt would not evaporate because it is a solid. Knowing this I formed a hypothesis‚ being‚ if salty water was poured on black paper
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CONTRACTS CONTRACT a meeting of minds between 2 persons whereby one binds himself‚ with respect to the other‚ to give something or to render some service (ARTICLE 1305) GENERAL PROVISIONS (Arts. 1305-1317) Distinguish an ordinary Contract: a.) from a Contract of marriage b.) from an obligation c.) from an imperfect promise d.) from a pact e.) from a stipulation a.) from a Contract of marriage ORDINARY CONTRACT 1. The parties may be 2 or more persons of same or different genders
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Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
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then another scientists proves it wrong. I believe that the moon was formed from the big impact. The first theory is the co-formation theory. The co-formation theory also know as the condensation theory‚ says that the moon was formed at the same time as the earth. The theory states that the solar system was formed out of the solar nebula. The co formation theory explains why the moon appears to be in the location it is in. The weakness of this theory is because if the moon and the earth were condensed
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CORPORATE ENVIRONMENT Unit 1 FORMATION OF COMPANY Promotion of Company – Promotion – Incorporation – Capital Subscription and Certificate of Commencement of Business. Memorandum of Association – Definition – Clauses. Articles of Association – Definition – Contents – Distinction between Memorandum of Association and Articles of Association – Alteration of Memorandum of Association and Articles of Association. Prospectus – Meaning – Contents – Statement in Lieu of Prospectus. INTRODUCTION
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A typical strategic alliance formation process involves these steps: • Strategy Development: Strategy development involves studying the alliance’s feasibility‚ objectives and rationale‚ focusing on the major issues and challenges and development of resource strategies for production‚ technology‚ and people. It requires aligning alliance objectives with the overall corporate strategy. • Partner Assessment: Partner assessment involves analyzing a potential partner’s strengths and weaknesses‚ creating
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Basic Books‚ 1999) * "Derivational morphology studies the principles governing the construction of new words‚ without reference to the specific grammatical role a word might play in a sentence. In the formation of drinkable from drink‚ or disinfect from infect‚ for example‚ we see the formation of new words‚ each with its own grammatical properties." (David Crystal‚ How Language Works. Overlook Press‚ 2005) * "Derivational prefixes do not normally alter the word class of the base word; that
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