PART A – Four Step Process (20 marks) Question (a) 10 marks The legal issue in question was the elements of agreement that are required for the formation of a legal contract. The elements of an agreement that are required for the formation of a legal contract is that it should consist of both offer and acceptance. This being said‚ there are principles that constitute an offer and acceptance. An offer consists of the element of promissory. This means that there must be an undertaking or promise
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The Four Step Control Process CM 220: College Composition II Professor John E Ribar‚ MA‚ M.Phil October 30‚ 2012 How can Lei apply the four step control process? In order for Lei to correctly implement the four step control process she will have to have an extensive handbook. She may think of looking into what other companies list in their handbook just to get an idea. Then after going over what she needs she should go back and look over it. All rules need to be stated even if they sound
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Question 1 Step 1 The legal issue is whether the element of agreement can be established to form a contract between Jordan and Will. Step 2 Making a contract requires three elements‚ which are agreement‚ intention to be legally bound and consideration (Do and Duperouzel‚ 2014). However‚ the element of agreement will be discussed here. An agreement is a meeting of the minds of both parties in which they comprehend what essential terms for the contract are. It is made of offer and acceptance. Offer
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4. Four steps for business analysis are discussed in the chapter (strategy analysis‚ accounting analysis‚ financial analysis‚ and prospective analysis). As a financial analysts‚ explain why each of these steps is a critical part of your job and how they relate to one another? Answers: a. Business Strategy Analysis This analysis is help managers to identify key profit driver and strategy risk. Business strategy analysis includes analyzing a firm’s strategy and its strategy in order to create
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Email 7E3A1662@student.curtin.edu.my Unit name Business Law 100 Unit code 11011 Assignment title Assignment Two Date submitted 5 MAY 2014 Student‟s comment to tutor Mr. Ariffin is a good lecturer. He assists us when we have any problem. Marker’s comments Recorded mark Marker Comments Question 1: Using the four step process‚ discuss the element of agreement required for the formation of a legally binding contract between James and Mark. Step 1: The legal issue is the element of agreement
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Question a) Step One The principle of law is that for a valid contract to be formed there must be an agreement reached by both parties. Step Two There are three main elements for the formation of a legally binding contract‚ intention‚ agreement and consideration. The requirement that requires discussion here is the existence of an agreement by the parties to enter into a legally binding contract. An agreement means a consensus on at least those essential terms needed for a workable transaction
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First process is problem recognition in which someone in the company recognizes a problem or need that can be met by acquiring a good or service. It can result from internal (a machine break down and need new parts) and external stimuli (buyer receive a call from a salesperson who offers a better machine or a lower price). Next stage is general need description in which a buyer describes the general characteristics and quantity of a needed item. An example‚ for complex items‚ the buyer needs to work
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Four Steps for Control Control is vital for good health in any company. Lack of properly implemented control systems leads to internal problems and “frequently cause irreparable damage to organizations” (Batman & Snell‚ 2011‚ pp. 296). According to the Sandwich Blitz scenario‚ Lei has discovered that a team supervisor had allowed an associate to report hours not actually worked‚ thus receiving pay for time not yet earned. This act is considered time theft‚ and any type of theft should face
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Business Law I | Anheuser-Busch: Drink Responsibly | | Tim Burkhart 8/18/2011 | When Eberhard Anheuser purchased a brewery that was going bankrupt‚ he could never have imagined that it would one day grow into the largest brewing company in the world. In 1869‚ Mr. Anheuser’s son-in-law‚ Adolphus Busch became a partner in the business and immediately started touring Europe studying brewing methods and focused on the success of a popular style known as Bohemian lager (Anheuser-Busch
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June 29‚ McGurn requested a termination clause that would remain in force as long as he worked for Bell. However‚ he also said to Donald Bell that he would consider one that was limited to the first twenty-four months of his employment. According to McGurn‚ Donald Bell replied that a twenty-four
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