for $490 would take delivery 7 days later. HERE THERE IS AN OFFER AND ACCEPTANCE... AGREEMENT IS PRESENT... IS THERE CONSIDERATION? YES‚ EXECUTORY. THERE IS AN EXCHANGE OF PROMISES... A BENEFIT FOR BOTH PARTIES – THERE IS ALSO INTENTION AS IT IS A COMMERCIAL AGREEMENT – EDWARTD V SKYWAYS - When Dim came to pay and collect the oven 7 days later‚ Siti refused to hand over the oven telling hthat the price was now $550. Dim called Siti a cheat and wants to sue her. SITI IS IN BREACH OF CONTRACT Advise
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Commercial Life in Pompeii and Herculaneum Historians have debated the nature of Pompeian economy – whether it was based on agriculture or trade. Some see the Roman empire in modern terms as one vast single market where demand drove up prices and productivity stimulated trade to a never before seen level (residue of pollution can be found in Greenland’s ice-cap and the many ship wrecks indicating the large volume of sea borne traffic). Other historians see Roman economy as ‘primitive’ based primarily
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Commercial Law Questions 1 What is meant by the terms "void" and "Voidable"- give examples quoting relevant case law. Void = is where there is no contract and never did exist in the first place‚ and a third party has no rights at all under a void contract. Case law: J Loudon & Co v Elder’s Curator Bonis. Voidable = is where a contract is valid until the court sets it aside‚ and a third party has good title if contracted before the contract being set aside or reduced by the courts. (The timing
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EFFECTIVENESS OF COMMERCIAL ANTACIDS INTRODUCTION pH is a measure of the acidity or basicity of an aqueous solution. Pure water is said to be neutral‚ with a pH close to 7.0 at 25 °C (77 °F). Solutions with a pH less than 7 are said to be acidic and solutions with a pH greater than 7 are basic or alkaline. An antacid is a substance which neutralizes stomach acidity. Antacids perform a neutralization reaction‚ increasing the pH to reduce acidity in the stomach. When gastric hydrochloric acid reaches
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BE1282 Commercial Management Coursework Title: Commercial Management Paper 1 Module Tutor: Dr. Victor Samwinga Word Declaration: 3267 Produced by: Student Number: 11025059 CONTENTS 1.0 EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . 3 & 4 2.0 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 3.0 EVALUATION OF THE SELECTED PROCUREMENT METHOD TO DETERMINE SUITABILITY . . . . . . . . . . . . 6
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Capital adequacy ratio (CAR) also called Capital to Risk (Weighted) Assets Ratio (CRAR)[1]‚ is a ratio of a bank’s capital to its risk. National regulators track a bank’s CAR to ensure that it can absorb a reasonable amount of loss [2] and are complying with their statutory Capital requirements. Capital (Finance) In a fundamental sense‚ capital consists of anything that can enhance a person’s power to perform economically useful work. A stone or an arrow is a capital for a caveman who can
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Question 1 Identify the various sources of Malaysian Law Written Law The sources of law consist of written law and unwritten law.In written law‚it have federal constitution‚state constitution‚legislation and subsidiary legislation. Federal Constitution Malaysia is a federation of 13 states with a written federal constitution . Article 4 of the federal constitution of Malaysia provides that the federal constitution is the supreme law of the country . The constitution is a unique expression of
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Commercial and Investment Banking Name: Course: Instructor’s Name: Date: Q 1. GENERAL PRINCIPLES OF BANK MANAGEMENT The general principles of bank management include; Liquidity management- involves maintaining asset that can be easily converted into cash. The cash serves the purpose of depositor withdrawal either from checking or savings account or checks written by the depositor to other banks. Liquidity management make sure cash is available upon
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Chinese Commercial Law (MLM 703) Trimester 3‚ 2008 ..... Assignment 1 Table Content: | | |tABLE OF cONTENT………………………………..…....……........………2 | |aBBRIVIATIONS USED IN sTUDY..……………………………….......... 3 | |eXECUTIVE
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Contracts (C3‚ pg 58) |Nature of contract |- Legal relationship consisting of the right and promises constituting an agreement between the parties that give each party a legal | | |duty to the other and also the right to seek for breach of those duties | | |- Consensus ad idem (meeting of minds); what the parties agree on must be clear and unambiguous and parties must be ad idem. |
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