THE INDIAN CONTRACT ACT‚ 1872 CONTRACT Section 2(h) defines a contract as “an agreement enforceable by law” Thus to make a contract there must be – (i) an agreement (ii) the agreement should be enforceable by law. All agreements are not enforceable by law and‚ therefore‚ all agreements are not contracts. Some agreements may be enforceable by law and others not. For example‚ an agreement to sell a radio set may be a contract‚ but an agreement to go to see a movie may
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Number: Identification card number : Group : Lecturer’s name: The issue in this case deals with invatition to treat ‚ offer ‚ counter-offer ‚ conditional acceptance and acceptance . It also deals with the elements of valid contract. General rule for a binding contract is an offer and an acceptance of the proposal. There must be effective communication to the proposer. It is very important to differeciate a proposal from an invitation to treat. Invitation to treat is a stage of negotiation and
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-Homeopathic remedies allow the body to heal itself without any harmful affects that might come from the use of conventional drugs -The history of homeopathy dates as far back as Hippocrates in the 5th century. It was also used by Egyptians. -Most people take medicine in strong doses so the drug will produce the opposite condition of what they have. -But Homeopathy works in the opposite way. -The doses are very diluted. -Many people like to use homeopathic remedies because they
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Question Martina owns two houses in Loughchester. In May‚ she entered into a contract with Loughchester University for it to rent the houses for the coming academic year for use as student accommodation. The University paid Martina £750 straight away‚ with the rent to be paid to Martina by the University monthly in arrears. Martina then engaged Roger Roofers Ltd to carry out repairs on the roofs of the houses‚ to be completed by 23 September‚ in time for the arrival of the students. She paid Roger
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Sem‚1 2014– 2015 CONTRACT OF WADIAH SECTION: 03 ABSTRACT As students of fiqh for Economist‚ we have gathered enough information through lectures‚ analysis in internet‚ books and hadith come into a conclusion that contract of wadiah is very important contract for Muslim. This is because of the fact that the market for Islamic banking
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plan 3 As-is assessment 4 Supply market research 5 Market forecasts 5 External and market analyses 6 Detailed supplier evaluation and research 7 Evaluate current and alternative strategies 8 Understand contract formation 8 Strategy and resource commitment 305 AU2789_book.fm Page 306 Tuesday‚ July 26‚ 2005 12:13 AM 306 Ⅲ Supply Market Intelligence Chapter/ Appendix Function Objective Tactical Step Strategic sourcing
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CONTRACTS OUTLINE Prof. Page – Contracts I – Fall 2011 |CONSIDERATION | - A legal contract only exists when there is an exchange – whether that’s a promise for a promise‚ performance for a promise‚ etc… this is called consideration. The promises/performance have to be influencing the other party to act/promise. *i.e. the ‘fuzzy coughdrop’ rule* i. RESTATEMENT
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Contract With America In the historic 1994 midterm elections‚ Republicans won a majority in Congress for the first time in forty years‚ partly on the appeal of a platform called the Contract with America. Put forward by House Republicans‚ this sweeping ten-point plan promised to reshape government. Its main theme was the decentralization of federal authority‚ deregulation‚ tax cuts‚ reform of social programs‚ increased power for states‚ a balanced federal budget were its chief ambitions. With
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of Frauds was satisfied by performance when Randy sent over the watches. First in order for a contract to be binding‚ all elements must be included. These elements include the offer‚ acceptance‚ and the consideration. Since this is a contract for goods it must clearly state that this contract is for the sale of goods. In order for the contract to be valid in accordance with UCC policy‚ it only requires that the quantity of goods being sold be identified in the contract. “Except as otherwise provided
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Hartly & The Auto Dealer What do you think about this situation? Should parties to a sales contract be able to rescind a contract because of mutual mistake of fact? Why or why not? Did either party act unethically in this case? Why or why not? What application does the UCC have here? Finally‚ in the overall context of contract law‚ are there any winners or losers when a contract is rescinded based on mutual mistake of fact? Why or why not? In my studies of the case‚ I read about
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