Law and Corporate Managers – Prof. Larry Franklin Question Two A. (i) For refusal In order to honor the LC‚ the Seller has to comply exactly with the terms of the letter of credit. There are numerous typo errors in the LC and misspellings of the destination port and the Seller name‚ hence only a waiver of the discrepancies from JFTC will enable Bank of China to pay the Seller. As long as the waiver is not received‚ the BOC cannot make any payments. BOC has to state why it is not going to
Premium Contract Corporation Types of business entity
Introduction to Business Law Assignment- 20% Lecturer: Arthur Hoyle Tutor: Rosa Raco- Tues 4.30-5.30pm LEGAL ADVICE Subject University of Canberra – Breach of Contract and Damages matter You have sought my advice as to you rights under the original contact between your company‚ Peerless Computers and the University of Canberra‚ which you consider that the University has breached. Your company has requested advice as to whether a term such as delay by a third party can be successfully
Premium Contract Sale of Goods Act 1979
Stephanie Van Horn Case 11-4 Dorris Reed‚ the plaintiff‚ purchased a home from Robert King. Robert King and his real estate agent did not tell Dorris Reed that a woman and her four children were murdered 10 years ago‚ because the murder would affect the value of the home. Dorris Reed‚ however‚ did find out about the murder from a neighbor and sued Robert King and his real estate agent for rescission and damages. Dorris Reed paid $76‚000 for the home but the value of the house‚ once the murder
Premium Contract
There are four main elements that must be in a contract to deem it valid. The first of which is an offer. The offer is the initial start to any interaction from one or more parties intending to enter into a contract. An offer is defined as‚ the price at which an individual is willing to sell a security or commodity. This is the opposite of bid‚ which is the price at which an individual is willing to buy a security. An offer is the same as an Ask. The person to make the offer or have something
Premium Contract
Unit 4222-265 OUTCOME 1. 1. Bacteria are a single cell micro-organism that can only be seen from under a microscope. It survives off the nutrients from its surroundings. Viruses are disease producing agents far smaller than bacteria. They are enclosed in a protein coating which makes them more difficult to destroy. The basic unit of Fungi is a hypha which is a hollow tube. The hypha threads spread out over and into the food material making a visible mesh or mycelium. Some fungi form together
Premium Bacteria Immune system
Problem 1 a) Can Tim sue his father Jack on the basis that the parties intended to contract‚ and that sufficient consideration was applied? b) The relevant rules are every simple contract must be supported by consideration‚ a promise to fulfil the terms of a contract is not always good consideration‚ and 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
Premium Contract
Case Study Case 1 A Sydney tramway passenger was injured in a collision with another tram‚ which occurred after the driver collapsed at the controls. The plaintiff argued that the collision could have been avoided if the tramway authority had fitted the tram with a system known as ‘dead man’s handle’‚ a system in use on Sydney’s trains. This would have stopped the tram and avoided the accident. The device had been rejected by the tramway authorities because it was felt that it could cause drivers
Premium Tort law Tram accident Accident
Chapter 12 Legal Value * Promise to do something that one has no PRIOR legal duty to do. * A performance of an action that one is not obligated to do * Refraining from an action that one has a legal right to do (forbearance) Rescission- the opposite of forming a contract‚ and bring the parties to the positions they occupied before the contract was made Past consideration- no consideration or a promise to give another something of value in return for goods or services rendered and
Premium Law Contract Contract law
Week 5 Final Paper Betty Poppins Bus 311 Instructor Brandy Krectzburg 7/01/13 Business Contracts: Protocol‚ Laws & Ethicality There are various kinds of contracts which arise within our business world today; contracts are an essential component to business livelihood. Although a contract is an agreement‚ not all agreements are valid contractual obligations. In order for any contract to be an official and legally binding agreement‚ there are essential requirements which must
Premium Contract
Philosopher Chair‚ Department of Philosophy University of San Carlos‚ Cebu City Conference Speaker‚ SMMRS Auditorium November 19‚ 2010. 9:00am “PILOSOPIYANG PINOY: USO PA BA? (THE RELEVANCE OF FILIPINO PHILOSOPHY IN SOCIAL RENEWAL) When I accepted your invitation for me to speak at your annual Regional Philosophy Gathering‚ what attracted me mainly was the intriguing theme of your celebration: “Pilosopiyang Pinoy: Uso pa ba?” Uso pa ba ang Pilosopiyang Pinoy? Actually‚ my suspicion
Premium Philosophy