Economic Perspectives‚ Vol. 16‚ No. 3 (Summer‚ 2002)‚ pp. 171-195 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/3216956 Accessed: 21-04-2015 06:39 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars‚ researchers‚ and students discover‚ use‚ and build upon a wide range of content in a trusted digital archive
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did not provide any consideration. It is because the plaintiff ’s contractual right for the whole sum of rent in 1940-5 was destroyed by agreeing to accept the reduced rent in the wartime. By the Doctrine of Promissory Estoppel‚ the plaintiff was estopped from getting the full rent in wartime‚ so he could only recover the rent after wartime. Referring to this case‚ it shows that in the case of Ernie and Richard‚ Ernie has no contractual rights to claim the remaining money. There is another similar
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associated based on the scenario. Legal Encounter 1 Cheeseman outlines that employment is subject to the common law of contracts (2010). Pat entered into an agreement with NewCorp for employment; acting on the premise that NewCorp would uphold all terms of the employment agreement‚ made major personal and financial changes to be available for employment at the assigned duty location. Although Pat signed a document acknowledging his understanding that NewCorp had the freedom to discharge at will—Pats
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happiness to families. Unfortunately‚ at the same time many of these new reproductive techniques may bring about ethical considerations and debates‚ causing pain and legal arguments. All of these ethical considerations warrant governmental and contractual regulation as a way of guidance in handling these situations. The ethical considerations and debates that surround many of these new reproductive techniques are solely concerned mainly with Surrogacy and In-Vitro Fertilization. Although some
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Recruitment and Selection Task 3 Denise Chilton 3.1 How to establish the induction needs of new staf All employees need an induction and the quality of the induction process greatly affects both the employee and the company. Poor inductions result in unhappy‚ unsettled staff leading to resignations and dismissals and ultimately more time spent on recruitment‚ selection and inductions. Within the first few days the induction process is to be put in place. The new employee will be given a plan
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Introduction An open and competitive procurement procedure begins with the promoter’s description of its requirements and an invitation to suppliers to indicate their interest in the contract and their professional capacity to fulfil it. The promoter then identifies potential suppliers and invites them to submit bids. After the bidding phase‚ most procurement systems require a public declaration of the competitors’ names and their bid prices and‚ ultimately‚ of the successful bidder. There is
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legal matters raised: 1 2 1. 2. 3. 2 Are these words considered to have contractual effect? Were the damages that resulted from the breach covered by these words? Would Vincent be bound had the clause been misrepresented by Claude‟s salesman? Background: What is an exclusion clause 3 From a legal perspective‚ the words on the receipt and sign are referred to as an exclusion clause - a contractual term which attempts to limit or exclude liability of the person inserting it into the
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UCTA and SGA ! Is everything in a contract a term?! ! Trader’s puffy - typical exaggerating advert statements.! Representations - a statement of the fault that persuades the other party to enter into the contract. ! The court takes into account four factors in deciding whether a stamens is part of the terms or just presentation. ! 1. The parole rule: written contracts - only the terms included in the written contract document are terms; any verbal statements will be representations.
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and Agency Costs." Stanford Law Review 38 (January): 271-301. Fama‚ E. F. and M. C. Jensen. (1983). "Separation of Ownership and Control." Journal of Law and Economics 26(June): 301-26. Fudenberg‚ D. and B. Holmstrom and P. Milgrom. (1990). "Short-Term Contracts and LongTerm Agency Relationships." Journal of Economic Theory 51 (June): 1-31. Galanter‚ M. (1981). “Justice in Many Rooms and Courts‚ Private Ordering and Indigenous Law.” Journal of Legal Pluralism 19: 1-47. Grossman‚ Sanford J. and O
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in the following ways: 1. by performance 2. by agreement 3. by frustration 4. by breach Each one of these methods of discharge will be considered. Discharge by performance The contract comes to an end when both parties perform their contractual obligations. Performance must substantially correspond with what the parties agreed allowing for minor or trivial defaults. Discharge by agreement The parties themselves can agree to end the contract‚ form a new contract or vary the original
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