unknowingly enter into series of contracts. This may be in the form of purchasing an article from a shop or by purchasing a railway ticket or by numerous ways. In modern societies‚ because of increasing complexity‚ there has been a practice of concluding contracts in standard form. One such instance of a standard form of contract is contract of insurance. Thus‚ standard form of contracts are those kinds of contracts were parties do not sit together to bargain the terms of the contract. One problem that is likely
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CONTRACT MANAGEMENT PLAN CONTRACT FOR ARCHITECTURAL ENGINEERING‚ ENGINEERING CONSULTING‚ TECHNICAL SUPPORT‚ AND PROFESSIONAL SERVICES CONTRACT NUMBER DATE COMPANT CONTRACTOR NAME/TITLE/COMPANY/DATE NAME/TITLE/CONTRACTOR/DATE TABLE OF CONTENTS 1. Purpose of Plan……………………………………………………………………………………………………….4 2. Contract Background……………………………………………………………………………………………….4 3. Contract Identification…………………………………………………………………………………………….4 3.1 Parties………………………………………………………………………………………………………………
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related good. This elasticity helps managers ascertain how much its demand will rise or fall due to a change in the price of another firm’s product. The cross-price elasticity of demand between goods X and Y‚ denoted is mathematically defined as For instance‚ if the cross-price elasticity of demand between Corel WordPerfect and Microsoft Word word processing software is 3‚ a 10 percent hike in the price of Word will increase the demand for WordPerfect by 30 percent‚ since 30%/10% = 3. This
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Breach of Contract & Remedies 1 Breach of contract Nature of breach A breach of contract occurs where a party to a contract fails to perform‚ precisely and exactly‚ his obligations under the contract. This can take various forms for example‚ the failure to supply goods or perform a service as agreed. Breach of contract may be either actual or anticipatory. Actual breach occurs where one party refuses to form his side of the bargain on the due date or performs incompletely. For example: Poussard
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AGREEMENT AND CONTRACT 1. Introduction Dear students‚ welcome to the lecture series on Business Regulatory Frame Work. Today we are going to discuss the Indian Contract Act 1872. Before I start my discussion on the contract‚ I would like to make you aware that the Indian Contract Act 1872 came enforced on the 1st day of the September 1872. It is applicable to whole of the country except the State Jammu & Kashmir. The course related to the law is designed to impart the knowledge to the student
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Contract This agreement is drawn up and signed in Dubai‚ UAE on the 25 th of April 2012‚ by and between 1. Jetta Pharmaceuticals Ltd.‚ producer of special medicaments for improving the immune system‚ based in Kuala Lumpur‚ Malaysia‚ represented in this matter by its sales director Mr. L. Dziel‚ hereinafter referred as „seller” and 2. Vegan Perfumes‚ sole producer of SKY® perfumes‚ based in 19 Royce Avenue‚ Nottingham‚ United Kingdom‚ represented in this matter by its sales manager Ms. Sara Zydorczak
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Chapter 18: Remedies for Breach of Contract Election to discharge: self-help remedy Types of Judicial Remedies • Common law remedy of damages • Common law remedy of an action for a fixed sum • Equitable remedy of specific performance • Equitable remedy of injunction Limitation Act • Judicial remedies may be barred by lapse of time due to LA • S 6 LA: no action against breach of contract after 6 years have passed (unless party unaware of breach) • LA does not apply to any legal action rooted
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Organizational and Industry Analysis Report Resources Organizational and Industry Analysis Report Scoring Guide. MBA6024 Course Alignment Map. Writing Feedback Tool. Industry and Company Information. Evaluating Source Quality. Activity Context This assessment measures your progress in acquiring the skills to master the following course competencies: Analyze organizations and competitive environments using theories and models of strategy. Critically evaluate information from core business
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OBLIGATIONS AND CONTRACTS REVIEWER TITLE I – OBLIGATIONS CHAPTER 1 GENERAL PROVISIONS 1156. An obligation is a juridical necessity to give‚ to do‚ or not to do. JURIDICAL NECESSITY – juridical tie; connotes that in case of noncompliance‚ there will be legal sanctions. - An obligation is nothing more than the duty of a person (obligor) to satisfy a specific demandable claim of another person (obligee) which‚ if breached‚ is enforceable in court. - A contract necessarily gives rise to an obligation
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THE SOCIAL CONTRACT THEORY The idea of the social contract goes back‚ to Thomas Hobbes; John Locke‚ Jean-Jacques Rousseau‚ and Immanuel Kant developed it in different ways. After Kant the idea largely fell into disrepute until John Rawls resurrected it. It is now at the heart of the work of a number of moral and political philosophers. The purpose of this paper is to compare and contract the social contract theorists and their views on the origin of state. THOMAS HOBBES: (1588-1679) Background:
Free Political philosophy Social contract State of nature