contract who is of age of majority according to law to which he is subject‚ and who is of sound mind‚ and is not disqualified from contracting by any law to which he is subject.” It means that the following three categories of persons are not competent to contract. 1. A person who has not attained the age of majority‚ i.e.‚ one who is minor. 2. A person who is of unsound mind 3. A person who has been disqualified from contracting by some law. Although the above mentioned categories of
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Applied Business Law – 27 Individual Work 1 Jessica Gaskins You are an employee at a nice paper mill and want to impress the boss by burning the midnight oil (but not too close to the wood pulp). For four consecutive weeks‚ you work forty-five‚ forty-two‚ thirty-nine‚ and thirty-one hours. If you are a nonexempt employee covered by the Fair Labor Standards Act‚ how many hours of overtime pay‚ if any‚ would you be entitled to? What would be the rate? The Fair Labor Standards Act of 1938 is
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Business Law and Ethics Review Notes Lecture 1 Profit affect business decisions‚ but do we really have a free market to conduct our business in? BUSINESS DECISIONS Internal Forces Type of Business Structure Ethics CSR Corporate Governance External (Legal) Forces Contract Law Agency Tort Law Consumer Law External (Structural) Forces Legal System Dispute Resolution Regulation Ethics: Concerned with how we should behave‚ and involves theories that describe the ‘right’ way to make
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CHOICE QUESTIONS Use the following information for questions 1-4: Seasons Construction is constructing an office building under contract for Cannon Company. The contract calls for progress billings and payments of $1‚240‚000 each quarter. The total contract price is $14‚880‚000 and Seasons estimates total costs of $14‚200‚000. Seasons estimates that the building will take 3 years to complete‚ and commences construction on January 2‚ 2014. 1. At December 31‚ 2014‚ Seasons estimates that it is 30% complete
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DOWNLOAD http://www.supportonlineexam.com 1) Which of the following is a distinguishing feature of a common law legal system? A. An appeal process B. The making of law by the judges and the following of precedent C. The sole source of law is a comprehensive civil code D. Requiring guilt be proven beyond a reasonable doubt 2) Which of the following is true about litigatingcommercial disputes? A. A few states have established specialized trial courts for commercial disputes. B. Businesses generally
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Northwest Brands‚ Inc.‚ is a small business incorporated in Minnesota. It’s one class of stock is owned by twelve members of a single family. Ordinarily‚ corporate income is taxed at the corporate and shareholder levels. Is there a way for Northwest Brands to avoid this double-income taxation? Explain your answer. I believe so‚ the Northwest Brands can stay clear from double-income taxation by electing to be treated as an S corporation
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1- Contract law provide rules to determine which contract terms will be enforced and which promises must be kept. True or False 2- A is an assertion that something either will or will not happen in the future. A: 3- A contract needs two requirement and Agreement is required to form a contract‚ regardless of whether it is formed in the traditional A: 4- which is generally defined
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1. Which of the following is not a subject in an access control scenario? b. Information 2. Which of the following are the elements of a well-defined access control system? d. Policy‚ procedure‚ and tool 3. Which of the following statements best define the purpose of access control? a. Regulating interaction between a subject and an object 4. Which of the following components can be used to measure the confidence in any authentication system? d. Type of correlation and the number of authentication
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of Law Sakiya Patton Contemporary Business Law LAW/421 Majid Safaie‚ Esq. July 2‚ 2014 Role and Functions of Law In this essay the student will define the functions and role of law in business and in society in reference to the case brief Cipollone v. Liggett Group‚ Inc.‚ et al. Also‚ the student will discuss the functions and role of law in her present job. Last the student will provide the conclusion followed by the list of references. Functions and Role of Law Defined
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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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