the rule that an agreement that is commercial in character can amount to a binding contract c) Todd v Nicol [1957] SASR 72 (Supreme Court of Australia) d) Yes‚ Tim might be successful in court if it can be proven that Jack provided sufficient consideration in the form of a promise to lend Tim the $50‚000‚ and if clear evidence of intent to contract can be determined‚ as was determined in Todd v Nicol. Both parties provided consideration in that Jack promised to lend Tim the money‚ and Tim promised
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Please answer the questions posed at the end of each case study in essay form. Each essay will be judged on your capacity to present strong‚ logical discussions that support your conclusions. Case study 1 Members of Students for Fair Tuition (SFT) decide to protest rising tuition costs at Gigantic State University (GSU) by taking over Dunfee Hall‚ the location of GSU president Dalton Chandler’s office. As they storm into the reception area of Chandler’s office suite‚ shouting “Down with
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Co. v. CIR Facts: The National Coal Co.(NCC) was created by a special law and was enacted by virtue of Act 2705 in order to develop a coal industry. It was engaged in coal mining on reserved lands belonging to the government. The National Coal Co.(NCC) filed a case against the CIR for the recovery of sum of money it paid on protest as specific tax on 24‚089 tons of coals claiming exemption to tax pursuant to Sec. 14 and 15 of Act 2719. Issue: Whether or not NCC is a private corporation? Held:
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assets? If so‚ how‚ if not‚ why not? On the one hand‚ the circumstances of the sale make me less willing to buy. In particular‚ both Universal and the federal government think that American’s acquisition creates antitrust issues. If this is the case‚ American could use its market power to change the nature of the market and make Dixon’s new plant unprofitable by setting lower prices for sodium chlorate in its other plants. On the other hand‚ the circumstances make me more willing to buy the assets
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LAWS7023-Business and Corporate Law 1/2013 Week commencing: Monday‚ 20.05.13 Tutorial 4: Corporate Finance and Liability Note: Focus in this tutorial is on corporate contracting Problem Set 12: Read Chapter 23. 1. FWPL has traditionally transported its wine using a fleet of trucks that it owns. It is considering selling the fleet of trucks‚ which should sell for approximately $3 million. FWPL’s Board of Directors has not yet made a final decision to sell the trucks
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offers‚ immediately the car was sold to him. Having to hear that the car was already been sold‚ the plaintiffs wish to sue Defendant for breach of contract. This will depend on whether there is a valid contract formed in each respective case. Rules/Principle The law of contract: There must be a legally binding contract between two or more parties. On
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Case Lets ABC and co was partnership firm which had dealership of Scooters Company ltd‚ bought a second hand scooter from Mr. B. ABC and co reconditioned and repaired the scooter. And sold it to Mr. A for Rs 50‚000. ABC and co told Mr. A that the scooter is a new scooter. Is Mr. A a consumer? And does he have any remedy under consumer protection act Mr. Q was going abroad for a business trip for two months. He wanted to give a power of attorney to his friend. Hence Mr. Q sent the Power of
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BROKAW v. WINFIELD MT UNION COMMUNITY SCHOOL DISTRICT BUSINESS LAW 211 A tort is a civil wrong or injury other than breach of contract. A court will provide a solution or action for damages. Sometimes an individual may commit what is considered an assault. A situation involved this athletic event where the tort occurred during the course of play before the whistle has blown. This behavior may result in a penalty and a suspension‚ but it is not compensable by means of the civil liability way
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Respondent: Led to permanent injury. Interviewer: (81:13) But how did the actions of your friend and your play dad‚ that their actions led to you having permanent injury? Respondent: No. My play dad didn’t even… My friend‚ yes is… Yes‚ he is responsible for my injury. Interviewer: (81:36) What was it that… Let me just get this right. You’re saying it led to greater… Your friend’s actions led to you having a greater injury? Respondent: Mm-hmm (agreement). Interviewer: (81:49) What exactly did he do
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Case Study: The Corporation 1. In the mid 1800s the corporation emerged as a "legal person" by way of maneuvering in the legal system. For the next 100 years we saw the rise to dominance of the corporation. The corporation created unprecedented wealth but at what cost? The externalities of corporate operations are responsible for countless cases of illness‚ death‚ poverty‚ pollution‚ exploitation and lies. Voice your opinion on this. Who Is Responsible for regulating these Corporations?‚ The Government
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