legal doctrine of consideration asserts that for a contract to be valid, something of value must be exchanged. In other words, there must be a change in the state of both parties (Stim 2017). A good example of this is the purchase of a car. The sell Continue Reading...
Contracts and Performance-Based Acquisition A contract is a planned and legal agreement made between two or more parties with intent. It could be oral or written and may involve business individuals, employers and employees, or tenants and land lor Continue Reading...
Contract Law For most of us living in Western societies contracts pervade most of our waking hours, yet how often do we really think about the countless transactions that we engage in every day? Buying a cappuccino at the corner Starbucks, streaming Continue Reading...
Contracts, Contract Law, And Society Contract Law Contracts are legally-binding agreements between two or more self-regulating parties for the purpose of furthering their commercial goals (Eisenberg, 1994). The elements of contracts, together with Continue Reading...
Misrepresentation in a Contract First, we must define misrepresentation and what it means under British law. Misrepresentation is a concept in contract law. This means a false statement presented as fact as made by one party to another party. This h Continue Reading...
On the strength of this, the university can argue that it has fully upheld its responsibilities and the terms of the legally binding contract it has signed with Ms Edwards, with full disclosure and with full knowledge by both parties. Ms Edwards, o Continue Reading...
Contract Several elements determine the enforceability and validity of a contract. Similarly, several elements can cancel an agreement between two or more parties and/or void a contract. To determine what makes a contract enforceable, and how to le Continue Reading...
contract is a legally enforceable promise that allows commerce to flow smoothly throughout society. Without contracts, businesses and consumers would be embroiled in constant disputes with potential for fraud and frequent misunderstandings but the f Continue Reading...
Contract Elements of a Contract The Contract: Overview Fabulous Hotel has engaged my services as an employee (my position being that if head chef) under an employment contract that spans two years. Two years down the line, another hotel could be Continue Reading...
parties have a contract? The parties had a contract from the moment they agreed to the deal verbally. This is easy to prove, as X received an email from them stating their acceptance of the terms and conditions. In it, they agreed with the fax he s Continue Reading...
Minimum provisions also include the estimated time frame for construction and completion of a project, description of the work necessary to complete the project, the exact dollar amount of payment including taxes involved, as well as any necessary d Continue Reading...
" Further, it is held that "a material misrepresentation in the certifications (bid) generally provides a basis for rejection of the proposal or reevaluation of the award decision." Thus, it can be said that if a challenge shows a material misreprese Continue Reading...
ContractIntroductionUnderstanding the structural aspect of your client is essential to ensure that any contract is compliant and enforceable. This includes having knowledge of the client\\\'s objectives, the ground rules they have set out and how the Continue Reading...
Victor and Hugo both knowingly entered into a contract to split the proceeds from a felonious action, the contract is not enforceable. In this situation, Victor can even keep the ten percent that he has now offered to pay Hugo instead of the origina Continue Reading...
C.C. -- Article 2 -- Sales, 2005). In this case since the first lot was defective the buyer is going to claim that they have the right to refuse both lots. The seller will claim that they buyer should not be capable to refuse the second lot since it Continue Reading...
Contracts Law: Disney World Jurassic Park Amusement Ride The first question at issue in this study has to do with the termination of an employee for poor sales performance who entered into a non-compete agreement with the company, specifically that Continue Reading...
Contract dispute resolution is significant because there is always a chance there will be a problem with a contract at some point while it is in effect. At that time, there are both administrative and judicial processes that are available for disputi Continue Reading...
Contracts and Fraud Contracts are one of the cornerstones of our modern legal system. They are necessary to conduct reliable economic transactions between individuals. When people make a formal agreement such as buying a car they must be assured tha Continue Reading...
Contract Law In modern society, contracts have become an integral part of determining who is responsible for performing various actions in an agreement. It spells out the terms, conditions and how each party must behave in order for it to be enforce Continue Reading...
Accessed online from: http://www.nytimes.com/2011/10/18/business/airlines-focus-rewards-on-those-who-pay-more.html?_r=1&pagewanted=print Recently, American commercial airlines have begun changing their frequent flyer programs to defray some of Continue Reading...
Contract Dispute Contract is a mutual agreement between at least two persons or parties, aimed at achieving a certain business goal. A contract can be oral or written, although, over the years, written contract has been preferred due to disputes tha Continue Reading...
Contracts (except for those of high paid professional athletes who believe that they do not have to be held to such trivialities) are documents that require events to take place at the behest of each participant. When the participants are buyers and Continue Reading...
Contract is a legal document where two or more parties jointly agree that there will be a trade of goods and/or services through a unilateral or a bilateral exchange. An effective contract will be made up of six major elements that specify how goods Continue Reading...
Contract Disputes Your Right to Protest and Dispute a Government Decision Regarding a Contract There are three ways to protest a government decision regarding a contract, claims Daniels (n.d). Those three ways include filing a formal complaint with Continue Reading...
Contracts The author of this response is asked to answer to three high-level scenarios, with a few sub-scenarios and questions thrown in. The first one regards a "fine dining" restaurant, the second speaks of distant deal making and the third refers Continue Reading...
Contracts Law Case Study- Contracts Law There were two offers. There is an offer is a meeting of the minds can be reached by the recipient of the offer accepting the terms of the offer. The first offer was by Galaxy Computer store and consisted of Continue Reading...
Contract Law In the presented scenario, Brian had been negotiating with Amy for several days without reaching agreement. They finally reached a compromise and agreed that the transaction would proceed. However, it appears as though there was a commu Continue Reading...
Thus, "Preserving the relationship with a business partner may be worth far more in the long run that the potential cost of trying to prove that your position on a contract clause is legally sustainable today," (University of Phoenix). This strategy Continue Reading...
Contract Law The author of this response is asked to offer a response to a few major questions. First, the author is to explain the purpose and importance of Mitchell v. Finney Lock Seeds as it relates to contract law. The author is asked to relate Continue Reading...
Some of the contracts which minors can't disaffirm include education loan contracts, insurance (health and life) contracts, armed forces enlistment contracts etc. Further, in some states, if a minor who seems (in terms of appearance) to be of majori Continue Reading...
Contracts The Seattle man who in 1999 attempted to cash in points from a soft drink maker for a Harrier jet had his court case rejected because the advertisement concerning the jet was not considered to be a valid contract to which the company was b Continue Reading...
Contract law lies at the center of our legal system and serves as the basis of our whole society. Our society relies on free exchange in the marketplace at every stage. Contract law is what makes this probable. Exchanges in the marketplace always rel Continue Reading...
Kidnapping, extortion and detention are real dangers for businesses that operate both overseas and in domestic markets. Top management of these firms often overlooks these things by saying that it will never happen to us. They seem to not understan Continue Reading...
The presiding judge disagreed with them and "commented that if reverse engineering was possible, then they should reverse engineer the alleged infringement to obtain evidence of infringement." 6. Analogies The situation assumed in the first sectio Continue Reading...
However, it must be noted that the doctrine of consideration has changed and therefore seems to have fixed many of its most impractical elements, or at least that is what has been argued. One example of a change is the fact that in regards to consid Continue Reading...
Because promises are usually kept, it is usually reasonable to rely on a promise, and promises are usually relied upon. (p. 1) Despite its centrality to the human condition, the social practice of promising remains primitive and incomplete in compa Continue Reading...
All other issues are derived from this rule. Many of the modern contracts have express conditions, which are explicit contractual provisions that the parties need to abide by. The related elements that this incurs are detailed in the subchapter refe Continue Reading...
Ace CompanyExecutive summaryThis research is to depict the relationship between the organization's lending loan and the financial performance of Ace Company. The study uses Ace Company as their case study approach using their qualitative and quantita Continue Reading...
Contract Analysis Analyzing a Construction Contract The contract chosen for analysis in this study is a construction contract. This contract would be used for example in the construction of an office building. The parties involved in this contract Continue Reading...
