included contracts of utmost good faith‚ statement which are only partially true or distort the truth‚ and the statement which are true at the time of making but change before the contract is entered into. There must be a false statement of fact or law as oppose to opinion or estimate of future events in the case of Bisset v Wilkinson3. At the same time the representation must be untrue. And the person making the representation must know that it is false‚ or not believe in its truth‚ or be recklessly
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promise constitute consideration? For a promise to constitute consideration‚ the promise must impose an obligation on the person making it. 2. May a promise that is conditional constitute consideration? Yes‚ such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit bargains. 5. Is there consideration when a secured note
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------------------------------------------------- Prepared for: ------------------------------------------------- Mr John M. Andre (Lecturer) ------------------------------------------------- Unit 5: Aspects of Contract and Negligence for Business ------------------------------------------------- Banking Academy‚ Hanoi ------------------------------------------------- Submission Date: 19th November 2012 ------------------------------------------------- No of words: 3100 words -------------------------------------------------
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2010 Business Law Revision Booklet The Business Law final exam is 3 hours with 10 minutes of reading time. HOW TO ANSWER CASE STUDY QUESTIONS When answering this question student’s need to follow the format of: i) state the issue ii) state the law-this includes relevant legislation and cases iii) apply the law to the facts iv) state the conclusion Key words used in questions: Explain – students need to provide
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ALGAPPA UNIVERSITY KARAIKUDI – 630 003 TAMILNADU DIRECTORATE OF DISTANCE EDUCATION B B A (II YEAR) PAPER 2.4 BUSINESS LAW Paper 2.2 Commercial Law : Business Law Indian Contract Act 1872 : Meaning and essentials of a valid contract Formation of contract – Performance of contract – Termination and discharge of contract – Remedies for breach of contract – Quast contract Special Contracts : Indemnity of guarantee – Bailment – Agency Sale of Goods Act
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Business Law Name: Course: Instructor: Date: Business Law Legal Issue Both parties entered into a legally binding contract. The legal issue is a breach of contract. For a contract to be legitimate‚ it must have the following three elements; an offer must be made; there must be acceptance‚ and finally there must be consideration. Facts: The defendant entered into a legal agreement with the plaintiffs‚ Jackson Boris and Klara Koop. The defendant made an offer
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Assignment on University of Dhaka Laws Affecting Business Date: Tuesday‚ 28 May 2013 Submitted to: Prof. Dr. Abu Hossain Siddique Professor‚ Department of International Business University of Dhaka Submitted By: Rabiul Hasan Roll no. 256 6th Batch‚ Department of International Business University of Dhaka Executive Summery Business must operate within the boundaries of laws and government regulations. Laws have been developed not only to protect consumers but also to preserve
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Addressing International Legal and Ethical Issues Contemporary Business Law/LAW 421 Monday‚ 18 February 2013 The issues involved in resolving legal disputes in international Transactions are the changes that are mad to international laws and regulations. The largest focus is the minimum wages. What is most discussed is China has a cheap labor force compared to America. This increases the profits for the company who outsources to cheaper labor cost. If the China manufacturing do not meet
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Issue 6. 1. Title: Consideration 2. Textbook reference: Chapter 12 3. Possible search terms: Consideration‚ past consideration‚ option-to-cancel‚ accord‚ satisfaction‚ release‚ promissory estoppel 4. Here is the situation: Andrea‚ the president of Standard Corporation‚ announces to Standard employees‚ “If you work hard‚ and profits remain high‚ you’ll get a bonus‚ if management thinks it’s warranted.” Profits remain high‚ but no bonus is paid. If the employees sue‚ would a court enforce the
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Vietnam National University – HCMC International University SCHOOL OF BUSINESS ADMINISTRATION COURSE SYLLABUS1 BA167IU Introduction to Vietnamese Legal System Note: The outline with specific venue and time‚ and updated learning materials for the current semester will be provided to the enrolled students by the lecturer 1. COURSE STAFF Lecturer: LLM Ta Diu Thuong Room: L108 Telephone: 0822114034 E-mail: tdthuong@hcmiu.edu.vn Consultation
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