‘‘Psychological contract’ is defined as the implied obligations of parties in the employment relationship.’ Rousseau (1995) A psychological contract measures employee performance‚ attitudes and the well being of employees. It has proved to be an important aspect of a work place. It looks at the seriousness of situations by both employers and employees by looking at the effect it has on worker behavioural patterns. The process of forming a psychological contract is simply
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definition of a contract? An agreement between two or more parties for the doing or not doing of something specified. Describe the various types of contracts. 1) Bilateral and Unilateral 2) Express and Implied 3) Executory and Executed What elements does a contract need to be enforceable? 1) Agreement 2) Legality 3) Consideration 4) Capacity What elements would constitute a discharge of a contract? 1) Material breach 2) Minor breach 3) Anticipatory breach 4) Mutual Rescission
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1 Graduate Diploma in Law Contract Law Examination Paper DATE: 16 June 2010 TIME: AM TIME ALLOWED: THREE HOURS INSTRUCTIONS TO CANDIDATES Where questions are sub-divided‚ candidates should not expect the sub-divisions necessarily to be of equal weight. Materials provided: GDL Statutory Extracts (which MUST be returned UNMARKED at the end of the examination). You must answer THREE questions out of SIX Continued Overleaf OA6544 1 © The College of Law 2010
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‘What is the psychological contract?’ Examine to what extent it is applicable in the 21st century. Name: Lin‚ Lina Linda Tutor’s name:Catherine Tsai Date:11/08/2011 Word count:963. Psychological Contract is an abstract contract that affects both employers and employees‚ a subtle contract without speaking or writing‚ contains assumptions and expectations from each party towards the other (Rousseau 1989). Compared to the past centuries‚ people tend to change jobs frequently and pay more
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Contracts Cyril made two contracts. The first was to have his house painted one month from the date of the written contract. The second was for his neighbor’s 1957 Ford Thunderbird. Each contract was definite and clear in all respects. As to the house painting‚ Cyril inquired with the painter as to when the work could begin. The painter explained that he was extremely busy and was not sure if he could fulfill the contract. Cyril flew into a rage and immediately hired someone else
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important amendment to be incorporated under sec 138 of the act. 4 . Discuss the essential elements of a valid contract. 5 . Write short notes on any three of the following. (a) “A stranger to the consideration can enforce the contract”. Explain the exceptions in the following. i- Supervening Impossibility ii- Novation (b)Anticipatory breach of Contract (c) A private company has only 2 shareholders who are also the directors with equal rights of management
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Contract Creation and Management Erica Ackerman University of Phoenix Online Business Law LAW 531 Laurie Wicker April 30‚ 2012 Contract Creation and Management Introduction A contract is a binding agreement between two or more mutual parties. When people enter into a contract‚ they must abide by every article of the contract or they are in danger of a lawsuit for breach of contract (Cheeseman‚ 2010). The author of this paper completed the contract creation and management simulation
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Contracts Essay 3 Issues Raised by Breach of Contract Breach of Contract A breach of contract occurs when a party’s duty to perform under a contract is absolute‚ and that party fails to perform. The duty can be absolute because it was not conditional in the first place; any conditions were either excused or fulfilled; or the duty was not discharged. According to the facts Bilda had an absolute duty to finish building the cabin by December 1‚ the agreed upon completion date. Since Bilda
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Question 1: Discuss the issues of contract law that arise. 1. The main legal issue in the case is whether the contract has been formed and Daphne is subjected to contract and obligated to pay £200 to Sonya for the TV. The law of contract regarding offer acceptance states that in order to form a contract‚ the acceptance must be unconditional (Black 2011) . Counter-offer is a response to an offer which‚ while not expressly rejecting the offer‚ seeks to qualify it by deleting some of the terms. The
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Running head: CONTRACT CREATION AND MANAGEMENT SIMULATION MEMO Contract Creation And Management Simulation Memo Nigel Summers BUS LAW/531 12/3/09 Toni Seller Abstract This paper is a memo stating the legal Issues and legal risks within the simulation. Suggest different strategies or factors to avoid these risks‚ minimize liabilities for managers‚ and suggest different alternative approaches to resolve the problems identified in the simulation and explaining which alternative approach would
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