(A)Explain the ways in which the contract of agency may be constituted. To talk about the contract of agency‚ firstly the definitions of contract and agency are requited. According to Gloag (W.Green‚ 1929)‚ ’contract is an agreement which creates or is intended to create a legal obligation between the parties to it. ’ And it ’s a really important part in the business‚ commonly known as legal lynchpin of business activities such as provision goods and services (Gordon‚ G. 2011). Meanwhile‚ same
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Explain why the government might choose to grant a subsidy to producers of wheat. A subsidy is an amount of money paid by the government to a firm. There are many reasons why the government might choose to subsidize producers of wheat. In many countries‚ wheat is considered to be an essential good. The government would therefore hope for consumption of wheat to increase‚ which can be achieved through lower prices. If a subsidy is granted to producers of wheat‚ their costs of production will
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Suspicion of child abuse Task 1: P3: There are several risk factors which might lead to suspicion of child maltreatment or abuse. Professionals can understand better the risk factors being experienced by the children especially when working with them and their families. Physical factors – physical factors include physical abuse‚ sexual abuse and neglect. This is when people harm a child by any physical actions including kicking‚ hitting‚ slapping‚ shaking‚ burning‚ pinching‚ choking‚ biting‚ shoving
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CONTRACT – DISCHARGE (Pg 161) Discharge refers to a termination of a contract. After a contract is discharged‚ the parties are relieved of their obligations under the contract. There are four ways Performance‚ Breach‚ Agreement and Frustration. Performance Performance – discharging a contract by performing all obligations as stipulated in the contract. Precise Performance Cutter v Powell (1795) The court held that payment was conditional upon the completion of the voyage; payment even
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Explain the common remedies that a party to a contract may claim under the law of contract. Various remedies exist in contract law. These include: Damages Damages in contract law are a legal remedy available for breach of contract. Damages are an award of money to compensate the innocent party. The primary purpose of damages in contract law is to place the injured party in the position they would have been in had the contract been performed. Parties to a contract may legitimately agree the
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Section 73 in The Indian Contract Act‚ 1872 73. Compensation for loss or damage caused by breach of contract.- When a contract has been broken‚ the party who suffers by such breach is entitled to receive‚ from the party who has broken the contract‚ compensation for any loss or damage caused to him thereby‚ which naturally arose in the usual course of things from such breach‚ or which the parties knew‚ when they made the contract‚ to be likely to result from the breach of it. Such compensation is
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P3 Draft -Factors which lead to abusive situations Certain groups of people appear to be more vulnerable and susceptible of abuse compared to others. The individuals may suffer from mental health problems or may have physical or learning disabilities‚ the older population tend to be more at risk of abuse as the elderly are weak and frail and cannot often defend themselves especially those with dementia. Any group of individuals who tends to be more at risk of abuse tend and just abide with the abuser
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PART A Sita is able to claim personal injury damages under an action in tort for negligence. The principle of these damages is restituo in inegrum‚ which is based on the principle restoring the plaintiff to the position they were in before the tort took place (Sharman)1. These damages are presented on a once and for all basis as a lump sum with the date of assessment being that of the date of trial. 1. Economic Loss Economic loss is under Divison 2 of the Civil Liability Act2 (CLA). Under
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Types of Remedies: Compensatory - A money award equivalent to the actual value of injuries or damages sustained by the aggrieved party. When a contract has been breached‚ the court orders the party that breached to pay the amount of direct losses done to innocent party. Consequential - Special damges that compensate for a loss that is not direct or immediate (for example‚ lost profits0. The special damages must have been reasonably foreseeable at the time the breach or injury occurred
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ACG 6315 1.For which of the following products would job order costing be least likely to be used? Textbook printing Newsprint paper Manufacturing Mortgage loan processing Residential building 2.Which of the following costs are treated as part of the cost of product? Wages of plant security guards Insurance on the plant building and equipment All of the above are product costs Depreciation on the kitchen sink in the plant cafeteria 3. If a cost is identical under each alternative
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