Contract Essay Examples

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Contract Essay

350 words - 2 pages Contracts: A contract is an agreement that creates obligations that are enforceable by the law. A contract can either be written or spoken. There are elements to a contract that make it valid and binding. This is defined as a clear manifestation of willingness to enter an agreement made by another person with full understanding that their assent to the bargain is an invitation and is concluded. As to whether there was an offer in this case, yes there is an offer. When the salesman offered the buyers time for a test drive and they finally chose and agreed to buy the blue car it was a clear offer. Acceptance. This basically means that the terms of the offer have been clearly understood and VIEW DOCUMENT
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Frustrated Contract - Contract Law Essay

937 words - 4 pages Critically evaluate the doctrine of frustration as a method of contractual discharge and consider whether it has a role to play in the modern law of contract. A contract may be discharged in the following ways; frustration, performance and breach. The doctrine of frustration covers situations where a contract is impossible to perform (for example; personal incapacity or supervening illegality). When a contract is frustrated it is automatically discharged at that moment. Although in these events a contract is not always frustrated, the event must not be the fault of either party or foreseeable. The Paradine v Jane (1647) rule, was before the doctrine of frustration, where there used to be VIEW DOCUMENT
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Valid Contract Essay

1025 words - 5 pages Course: Name Valid Contract Yours Name Professor’s Name [optional] University Elements for a Valid Contract to exist A valid contract does not need to be legally valid, it can be written in simple English and fulfill the needs of all the parties involved in that contract. Although, a contract may not be legal but it should be a written contract so that future issues can be settled on the basis of the written agreement signed by the parties (Rousseau, 1993). For a contract to be legally valid, it is necessary that all the parties that are in contract must be in agreement, i.e. one of the parties should offer and the other should accept the offer. Secondly, there must be exchange VIEW DOCUMENT
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Contract Law Essay

531 words - 3 pages contract is the agreement entered into by two or more persons with the intention of creating a legal obligation or obligations. The validity of the contract of this nature can be ascertained by looking around the terms of the contract and the extent to which they are binding on the individual parties, the actual interpretation of the nature of the contract, whether it was a contract of sale or of exchange and the relative interpretations of similar cases in relent cases, law journals and statutes. From a general point of perspective, the contract can be regarded as valid since the agreement was verbally made and confirmed by the writing down of the general terms sealed by signatures of the VIEW DOCUMENT
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Contract Creation Essay

1021 words - 5 pages Contract Creation and Management Memo Span Systems is based in California and is a custom e-banking software development company that has entered into a $ 6million contract with Citizen Schwartz (C-S) to develop new banking software. A contract is defined as a promise for which the law gives a remedy. All parties must agree and understand the terms and conditions before a contract is signed. The companies are eight months into the contract and have experience poor performance, organizational changes, poor communication and reporting and lack of project structure. All of the previous listed items have the possibility of resulting in a breach of contract. This memo examines the legal risks VIEW DOCUMENT
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Contract Creation Essay

1282 words - 6 pages Running head: CONTRACT CREATION Contract Creation December 7, 2009 Christine Stevenson University of Phoenix Business Law LAW/531 Miriam Gold Contract Creation University of Phoenix’s Contract Creation and Management Simulation (2009) demonstrate a conflict between Span System, a software-developing business and Citizen-Schwartz AG (C-S), a German bank. Span and C-S’s conflict is over the companies differences on the quality and dates received of deliverables. In the past few months C-S’s deliveries have been late and the qualities have been inadequate with substantial bugs in the testing phase. C-S cannot afford to have delays, C-S is concerned that Span is VIEW DOCUMENT
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Psychological Contract Essay

2465 words - 10 pages Contents 1.0 Introduction 3 2.0 Importance of The Psychological Contract 3 3.0 Changes 5 4.0 Commitment 6 5.0 Violations 6 6.0 Conclusion 7 7.0 Bibliography 8 Discuss The Meaning of the term Psychological Contract and Consider Whether the Concept is Important for Organisations Today 1.0 Introduction This paper examines the psychological contract and the interchanging relationship between the employee and the organisation. The researcher will discuss the “old” and the “new” psychological contract, along with the importance of the contract itself using the literature of experts in this VIEW DOCUMENT
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Contract Laws Essay

998 words - 4 pages Peter (CEO of ACME Corporation) called Dave and asked him if he would move barrels of toxic waste from Indiana to Ohio and in return for his services he would receive five-thousand dollars. He then tells Dave that a contract would be arriving in the mail and the offer is open for seven days. The contract that Peter has sent to Dave is a unilateral contract (promise for an act) (Clarkson, Miller & Cross, 2012). Peter has made an offer to Dave. Dave can accept the offer by signing and returning the contract to Peter when it arrives. When Dave receives the contract he signs it and mails it back to Peter. The signing of the contract by Dave has put Peter and Dave into an agreement that is VIEW DOCUMENT
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Contract Analysis

1441 words - 6 pages Legal Contract Analysis Legal Issues in Business BUSI 561 Liberty University Should business with Marshall Peterson be continued? Does the contract remain valid, if a minor signed it? Was the contract generated under an implied covenant of good faith and fair dealing? As defined by the Legal Information Institute of Cornell University Law School (n.d.), a contract is an agreement creating obligations enforceable by law and has the basic elements of mutual assent, consideration, capacity, and legality. This case involves a contract validity dispute between two companies. Marshall Peterson, the buyer, wants the signed contract, unknown to the owner VIEW DOCUMENT
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Sales Contract Essay

2265 words - 10 pages ISLAMIC SALES CONTRACT MDM NOORDINA BINTI AB.AZIZ Definition of Contract Sale Literally: to conjunct, to tie, to knot, to contract and etc. Means: ‘Aqd is a contract between to parties on a particular subject matter which is to be concluded upon offer( Ijab) and acceptance (Qabul) of the parties. “O you who believe! Fulfill contractual obligation” (Al-Maidah verse 1) • Bay’’ refers both to the activities of buying & selling- derived from the term ba’ (for arm) because one extends one’s arm to give or to take. • Means: Exchanging property for property, property for money or money for property upon mutual consent among the contracting parties. - Al-Baqarah 175 -Al VIEW DOCUMENT
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Contract Law

3702 words - 15 pages Contents Question 1 | Pages | Contact Documents | 1 | Execution of the Contract | 1 | Requirement of Writing | 1 | Domestic Building Contracts | 2 | Variations | 2 | Question 2 | | How a Court Interprets Ambiguities and Inconsistencies | 2 & 3 | Definitions of Key Words | 3 | Order of Precedence | 3 | The Parol Evidence Rule | 3 | “Maxims” of Construction | 3 & 4 | Relevant Clauses | 4 | Rectification of Contracts | 4 | Criteria for Rectification | 4 | Question 3 | | Void for uncertainty | 5 | lump sum payment | 5 & 6 | Fixed date for completion | 6 | Stipulating a liquated damages amount | 6 | The prevention VIEW DOCUMENT
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Islamic Contract

1067 words - 5 pages Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • ‫ – و‬unilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (‫ر‬ Contingent promise ‫ا س )رد ا‬ ‫ز‬ ‫ن ز‬ ‫ا‬ ‫إذ ا‬ 2. Muwaa‘ada – ‫ا ة‬ • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract, which is impermissible Not allowed and non–enforceable according to majority (AAOIFI, IFA and others) Some Hanafi/subcontinent scholars allow it provided no other prohibition (excessive gharar or VIEW DOCUMENT
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Contract Negotiation

1422 words - 6 pages Contract Negotiation Memorandum Greg White Law/531 April 25, 2011 Pamelya Herndon To: Kevin Grant Project Director CC: Harold Smith Legal Counsel From: Greg White Project manager Subject: Negotiation of contractual considerations with Citizen-Schwarz AG In consideration of the communication from Leon Ther and his request to rescind the current contract I am writing this memorandum. The intent of this memorandum is to identify potential opportunities within existing clauses of the contract that would serve as starting points of negotiation to avoid litigation. The selected clauses will promote leverage for Span in the negotiation process as we offer plausible actions to VIEW DOCUMENT
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Contract Law

1662 words - 7 pages CONTRACT LAW A contract is “a promise, or set of promises, for breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty.”2 It is a mutually binding agreement. In order to form a contract there must be mutual assent such as a valid offer and acceptance between parties. The parties must have the legal capacity to enter a contract, and adequate consideration must exist. Furthermore, the subject matter of the contract must be legal. The general rule is that minors and insane persons cannot enter contracts. There are also occasions when intoxicated persons do not have the legal capacity to enter contracts. Consideration is defined as VIEW DOCUMENT
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Contract Law - 1074 words

1074 words - 5 pages The existence of contract law is to prevent any sort of illegal behaviour, injustice and to clarify any confusion or misunderstanding amongst the offerror and the offeree. Everybody in this world is an offeree as we all purchase goods and services to meet our personal needs and if our expectations are not met, there is a problem which is why the contract is created for both parties to follow. However, if either of them fails to do so, then they are in breach of contract and the aggrieved party has legal rights that they can try and enforce. A contract is formed when there is an offer or acceptance. In this assignment I have been given a case to resolve and advise the parties whether they VIEW DOCUMENT
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Contract Manufacturing

1314 words - 6 pages Contract Manufacturing/ Outsourcing of production facilities Contract Manufacturing/ Outsourcing of production facilities 419, TFEMR, XLRI, Circuit House Area, Jamshedpur 9901478733 [Type the fax number] 5/17/2015 419, TFEMR, XLRI, Circuit House Area, Jamshedpur 9901478733 [Type the fax number] 5/17/2015 Siddharth Joglekar An assessment of the advantages, risks, challenges associated with the field of contract manufacturing and the steps to tackle them Siddharth Joglekar An assessment of the advantages, risks, challenges associated with the field of contract manufacturing and the steps to tackle them With the proliferation of globalization, most of the top producers VIEW DOCUMENT
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Contract Law - 1324 words

1324 words - 6 pages (D2) Evaluate the statutory protection given to a consumer in their dealings with a business and the remedies available. In this assignment I will explain how well do the remedies and Acts set by the government protect the consumers and resolve a problem in case of breach of contract. I will also explain the features of the courts process; Woolf reforms, track system, small claims court, county court and time limits- stating the strengths and weaknesses of each. The remedies available, protect the consumers quite well in the event of breach of contract as the injured party is able to claim for damages and gain some form of compensation for the loss of the contract; this is an VIEW DOCUMENT
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Contract Farming

5382 words - 22 pages Chapter 1 Advantages and problems of contract farming 8 Advantages and problems of contract farming Contract farming has significant benefits for both the farmers and sponsors (investors). However, with these advantages also come problems. This chapter considers both advantages and problems from the standpoint of farmer and sponsor. FARMERS Advantages for farmers Ú Ú Ú Ú Ú Inputs and production services are often supplied by the sponsor This is usually done on credit through advances from the sponsor Contract farming often introduces new technology and also enables farmers to learn new skills Farmers’ price risk is often reduced as many contracts specify prices in VIEW DOCUMENT
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Lease Contract

2205 words - 9 pages CONTRACT OF LEASE CONTRACT OF LEASE KNOWN ALL MEN BY THESE PRESENTS: BATANGAS STATE UNIVERSITY (BSU) is an institutions of higher learning of Republic of the Philippines, situated in Batangas City and Represented by the partners herein after the lessor, And The LESEE DIL Manuacturing Company, a partnership duly organized and existing under and by the virtue of the laws of the Philippines, with its principal place of business at Balagtas, Batangas City. WITHNESSETH The LESSEE desires to lease from the LESSOR and the latter agrees to lease a space in a building located in Balagtas, Batangas City. NOW THEREFORE considering the foregoing premises the LESSOR and VIEW DOCUMENT
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Law-Contract

2477 words - 10 pages following reply to S: - “I like your offer but due to my present financial position will you accept a payment of $100 per month over a year?” This letter reached S on the morning of 4th June. That afternoon (4 June), P also changed his mind. At 3pm he posted the following letter to s: - “forget my last letter. I accept your offer and can pay immediately I receive the car. An hour after posting that letter, P received S’s second letter and S received P’s second letter the following morning. a) Is there a contract between S and P? If there is no contract then explains why there is no contract and if there’s a contract then explain why there’s a contract? ( 35marks) b) Explain the law in VIEW DOCUMENT
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Broke Contract

579 words - 3 pages CASE: THE BROKEN EMPLYMENT CONTRACTION OVERVIEW: The case be form of EcoCare, a large health insurance company located in Michigan. The company hired Arthur Wayne five years ago as an Assistant to Treasurer by interviewing with Sara Bell, Ecocare’s Treasurer. Then Wayne was asked to “immediately resign” because of “continued personality conflicts;” in addition, when he had meeting with Bell and Vice President, George Findlay, Wayne was not able to provide the solid answer. After Wayne’s termination, he requested a review by the President, and Chairperson. He believed he was wrongfully discharged for some reasons: one reason, he believed he had an employment contract, and other he VIEW DOCUMENT
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Team Contract

1663 words - 7 pages TEAM CONTRACT: ___________________________(Group Number) Objective: To develop the roles and responsibilities of individuals and the team to support the management of your team throughout the semester. Background: Your team will be responsible for completing a team project this semester which requires developing and doing a major fundraising event along with 2 presentations and a final report. Each student will be entering in a performance contract with your team members. This document outlines this contract and provides a means for managing your team performance. To develop this team contract team members will need to negotiate team expectations by developing a shared VIEW DOCUMENT
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Contract Law - 2762 words

2762 words - 12 pages 1.0 Introduction Question stated that Billy saw a GEZZ watch and want to buy it. He walks in the shop and asked the shop owner is the watch made in Switzerland. The shop owner not sure but due to he wanted to sell the watch and told Billy it is made in Switzerland. Billy bought the watch and went home. He realized that the watch was actually made in China and he went back to the shop and wants a refund from the shop owner. However, the shop owner refused to pay back Billy. In this case it would be a voidable contract because the law allows that party to withdraw from the agreement if there is misrepresentation or fraud occurs in the contract. For example, Billy wanted to a refund VIEW DOCUMENT
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Sample Contract

2040 words - 9 pages sentence or paragraph. It does not including removing nearly all the text from a page and replacing it with new text. If the client or an agent other than The Foundation4U attempts updating the client's pages, time to repair webpages will be assessed at the hourly rate, and is not included as part of the updating time. The six-month maintenance period commences upon the date the client signs this contract. Changes requested by the client beyond those limits will be billed at the hourly rate of $ _________. This rate shall also govern additional work authorized beyond the maximums specified above for such services as general Internet orientation education, marketing consulting, webpage VIEW DOCUMENT
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Team Contract

579 words - 3 pages BUSN460 Team Contract (Mighty Mouth Consulting) Successful teams begin with guidelines that help to manage their work. For this class you and your teammates will need to create a set of rules called a Team Contract. As a team, complete all the sections listed below to build your Team Contract. Section I: Team Member Skill Inventory Each team member must complete this section. Name | Strengths/Contributions | Not so strong areas | Patricia | Project Management, HR related issues, Account Management, and Client Resolution. | Financial Analysis | Chris | Leadership, Coping with Deadlines, and Writing Skills. | Listening to others ideas | Rick | Leadership Skills, Training VIEW DOCUMENT
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Lease Contract

1725 words - 7 pages CONTRACT OF LEASE KNOW ALL MEN BY THESE PRESENTS: This Contract of Lease is entered into at Davao City , Philippines, this _______day of ______________200_ by and between: _______________ , _________Citizen, of legal age, with postal address at _______________________________________ , hereinafter referred to as the “LESSOR”. -and- MR./MRS__________________________________________________with address at __________________PASSPORT NO.:______________________hereinafter referred to as the “LESSEE”, WITNESSETH: THAT WHEREAS, the LESSOR is the registered, legal, absolute owner of ___________________________________ (2 Bedrooms-Fully Furnished) w VIEW DOCUMENT
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Sat2 Contract

1117 words - 5 pages TEAM CONTRACT Team Name: Team G 1. Identify a role for each team member. How will this structure allow the team to be more effective? The first two roles must be filled. Other roles could include facilitator, team members, note taker, timekeeper, and reviewer/publisher. (Note: There must be a team leader as well as someone designated to compile (a compiler) the handbook in addition to the remaining roles listed above.) Role | Team Member Name | How will this structure allow the team to be more effective? | Team Leader | Stacie Powell | Set-ups up conference calls, keeps group organized | Handbook Compiler | Ninfa Crews | Organizes the entire paper to ensure fluidity VIEW DOCUMENT
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Team Contract

684 words - 3 pages Team Contract - MGMT 485 The contract is an agreement between team members that will provide direction, focus team activities and can help prevent unnecessary conflict. At a minimum, include the information below in your contract. 1-2. Team Name and Logo – does not need to be decided right away. Get a sense of who you are while working together. Both should symbolically represent (in a positive manner) the culture of your team as it emerged this semester. 3. Team Mission - start with: “Our mission is to…” add a general description of your task, mention your customer, include some adjectives. Ex: Our mission is to develop a best-in-class xx for the xx team. 4. Goals - Goals VIEW DOCUMENT
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Team Contract - 1093 words

1093 words - 5 pages BUSN460 Team Contract Successful teams begin with guidelines that help to manage their work. For this class you and your teammates will need to create a set of rules called a Team Contract. As a team, complete all the sections listed below to build your Team Contract. Team name: Team C members: Jordan Bergum Sergey Bondar Stephanie Hayes Dewayne Henderson Rebecca Pomeroy Dgungu Wasswa Angela Yanez Section I: Team Member Skill Inventory Each team member must complete this section. Name | Strengths/Contributions | Not so strong areas | Jordan Bergum | Design, layouts, and crafty sort of things | Coding | Sergey Bondar | PowerPoint/essays/researching | Coding | Stephanie Hayes VIEW DOCUMENT
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Photography Contract

814 words - 4 pages assignment and/or contract work on a case-by-case basis. The STUDIO is under no obligation or guarantee for any minimum number of contracts or hours. All work performed by the Contractor for the STUDIO at all times shall be governed by the covenants of this Agreement. Nothing in this Agreement shall be construed as creating an employer-employee relationship, as a future employment or engagement guarantee, or as a limitation upon the STUDIO’s sole discretion to terminate this Agreement at any time without cause. CONTRACTOR further agrees to be responsible for all of CONTRACTOR’s taxes, withholding, Social Security, insurance, and all other benefits. Exclusivity: The CONTRACTOR understands VIEW DOCUMENT
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Purchase Contract

899 words - 4 pages contract or any part thereof, or make any agreement with any person/company for the execution of any portion of the supply. In this regard consent by THE PURCHASER will not relieve THE SUPPLIER from full and entire responsibility for this Agreement. 13.That THE SUPPLIER shall indemnify THE PURCHASER in respect of all claims, damages, compensation or expenses payable in consequence of any injury or accident caused by them ie. THE SUPPLIER. 14.That the custom duty, VAT or other Taxes and cost of transportation, or any other incidental charges, if required in connection of the delivery of goods shall be borne by THE SUPPLIER. 15.That the Payment shall be made by THE PURCHASER from VIEW DOCUMENT
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Contract Creation And Management

963 words - 4 pages Contract Creation and Management Assignment Paper George Van Hoosier LAW 531 June 26, 2012 Dr. Beverly Spencer Contract Creation and Management The scenario presented is on contractual conflicts. In summary, a software development company and a hotel company entered into a business partnership to develop an electronic reservation system for the hotel company. The groundwork of the plan changed and obfuscated what was expected by both parties. These changes were not communicated well enough, both internally and externally, to accommodate these changes (University of Phoenix, 2002). This case presented how a contract between parties was prepared, but what was required was VIEW DOCUMENT
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Law Contract Case Study

1007 words - 5 pages Case 1 Issue This problem addresses the issue of agreement, whether there is a valid contract or the offer may be terminated. In order to the contract being valid and enforceable, there is a need for the conduct of an offer and an acceptance. Rule For an offer to be valid, it contains some rules, including lapse of time. When an offer is made, it does not last forever. An offer stated to open for a specific period, lapse if the there is no acceptance within that time. If there is no set time for acceptance is stipulated in the offer, the implication of lapse will be exercised after a reasonable time, depending on the facts and circumstances in each case. (see Ballas v Theophilos (No2 VIEW DOCUMENT
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Law of Contract

877 words - 4 pages A) Law of contract An agreement enforceable in law, a contract, needs to fulfill 4 elements: offer, acceptance, consideration and intention to be valid. It legally binds parties to act in accordance to the verbal or written terms stated in the contract. If there is a breach of contract, the innocent party can sue for damages or demand for specific performance to be done. a) Applicable law There are three categories of terms of contract: conditions, warranties and innominate terms. Classifications of these terms are imperative as consequence faced will vary from termination of contract and/or paying for damages. Condition terms are the fundamental terms of a contract, going to the VIEW DOCUMENT
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Contract Creation and Management

1240 words - 5 pages Ashanti Jai Law/531 March 1, 2010 Memo To: Span System Management From: Ashanti Jai Date: March 1, 2010 Subject: Contract Creation and Management Management: You all maybe aware by now that we are facing a few legal issues in regards to our contract with Citizens-Schwarz AG. The contract was not clear among both parties, and the final contract was shrouded in ambiguities. Clarity is most important when developing contracts, and is the hallmark of successful contracts. Careful review of a contract before signoff is vital to a successful business partnership. [ (University of Phoenix) ] One of C-S’s most influential negotiators Leon Ther, threatened the validity of our VIEW DOCUMENT
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Basics of a Contract

1145 words - 5 pages A contract is an agreement that is enforceable by law. Modern business could not exist without such contracts. Most business transactions involve commitments to furnish goods, services, or real property; these commitments are usually in the form of contracts. Use of the contract in business affairs ensures, to some extent, the performance of an agreement, for a party that breaks a contract may be sued in court for the damages caused by the breach. Sometimes, however, a party that breaks a contract may be persuaded to make an out-of-court settlement, therefore saving the expense of legal proceedings. This paper is intended to explain the parts of a contract. A contract arises when an offer VIEW DOCUMENT
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Contract Creation and Management

879 words - 4 pages Contract Creation and Management Tyreka Banks BL/531 September 30, 2010 Brona E. Pinnolis Contract Creation and Management To: Board of Directors From: Tyreka Banks Subject: Contract Creation and Management Stimulation Date: September 27, 2010 Contract and Creation Management Most managers have to make difficult decisions within their companies daily. Each manager takes great deal of risks when making decisions for their companies. The reasoning for this memo today is to discuss the issue Citizen-Schwartz and Span are dealing with throughout the stimulation and how each company took risks with making certain decisions. The memo will also show how both companies could VIEW DOCUMENT
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Formation of Contract Questions

976 words - 4 pages 1. Formation of the contract Offer and Acceptance * “The law’s treatment of advertisements and the displays of goods in shops reflect ideas of freedom of contract as well as common sense in commerce.” Discuss. Postal Rule * “The postal rule may have been justified by the forms of communication at the time the rule was articulated but its continued use is akin to ‘flogging a dead horse.'’’ Discuss. * “The postal rule may seem anachronistic, yet although it does reflect the age in which it came into being, it remains applicable in the age of electronic communications.” Discuss. * “The postal rule may have been the correct rule to apply to the acceptance of an offer at the VIEW DOCUMENT
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Creation of a Contract

2476 words - 10 pages Contract Risk and Opportunities David Ortiz University of Phoenix LAW531 Tuesday, May 8, 2012 Prof. Lirio Bernal-Sanchez Contract Risk and Opportunities This report will serve as a review of the legal risks and opportunities that are present at the moment of a business formalize contracts. The report is based in a contract simulation of Info Build a software company and Majestic Hotels to establish an electronic reservation system. A contract is an agreement that is enforceable VIEW DOCUMENT
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Elements to a Contract

1120 words - 5 pages Elements of a Contract Business 670 Legal Environment Instructor:  January 21, 2013 Abstract This paper is a brief analysis of the elements of a contract using a hypothetical of an employment contract. Elements of a Contract The issue of whether or not a contract may be enforceable where an employee is hired under a two-year employment contract with Fabulous Hotel and the term is up with a clause in the original signed contract to prevent the employee being hired to the same position, a chef, within the same metropolitan area for two years after their employ with Fabulous Hotel. In order VIEW DOCUMENT
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Elements of a Contract

1305 words - 6 pages |Elements of a Contract | | | |Apple’s Contract | | | |11/18/2012 | | | |Iisha Nelson VIEW DOCUMENT
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Contract Creation and Management

1485 words - 6 pages Contract Creation and Management Jim Long University of Phoenix LAW 531 Elizabeth McVicker July 06, 2011 Contract Creation and Management Contracts are signed every day. There are contracts between two companies looking to achieve a mutually beneficial business goal. There are contracts signed between a client and an entity that will perform a service for that client. We sign contracts when we buy cars, lease equipment and get a new cell phone. So what happens when one of the entities in the agreement does not feel like the other side is holding up their end of the bargain? In this paper, a situation will be discussed where that exact scenario takes place. First, the VIEW DOCUMENT
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Contract Risk and Opportunities

732 words - 3 pages Span’s Systems vs. Citizen-Schwartz This simulation begins in the middle of a big dispute between software-developing company, Span Systems and one of its customers Citizen-Schwartz. The contract was made between two parties, where one represents the company that designs software and another part which requires the software. These are the employees of this conflict, we have Kevin Grant, Director-Projects, Span Systems, is responsible for monitoring the performance of employees. Harold Smith, Span transactional attorney, plays an important role in the implementation of this project. Then Leon, one of the most powerful businessmen in CS. Span and Citizen have entered into a contract which VIEW DOCUMENT
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Law of Contract

3717 words - 15 pages QUESTION 1 IF ONE OR BOTH PARTIES ENTER INTO A CONTRACT UNDER SOME MISUNDERSTANDING OR MISTAKEN ASSUMPTION, IN WHAT CIRCUMSTANCES WILL THE COURT INTERVENE TO HOLD THE CONTRACT VOID AND UNENFORCEABLE ON THE GROUNDS OF MISTAKE? In contract law, a mistake is an erroneous belief made by parties when contracting. Mistakes are not generally enforceable at the law court and are often treated as void or voidable. Mistakes are generally irrelevant, but exception to this places great emphasis on operative mistake which includes common mistake, mutual mistake and unilateral mistake. Mistakes or misunderstanding may render a contract void when the following are presents; * Mistake of the law; When VIEW DOCUMENT
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Win the Contract

895 words - 4 pages Win the Contract Business 330 Professor Bridges May 27, 2016 Imagine your small business produces very small remote control aircraft capable of long sustained flights. You are ready to expand your business by competing for Department of Defense (DoD) contracts. You wish to bid on a contract that will be worth over $600,000 to your expanding company. Select the simplified acquisition method that fits your company the most, and then provide a rationale for your selection. Note: Remember you are a small business that will have a massive expansion if you win this contract. Far Part 13, Simplified Acquisition Procedures, identifies the policies and procedures for the acquisition VIEW DOCUMENT
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Vampire Human Contract

440 words - 2 pages Jeff Cunningham BUL3130_CMB 14 Assignment 4 3 October 2014 Vampire-human contracts for the purchase and sale of blood I proposed the creation of legalized “blood markets” to allow us humans to transfer our property rights in our blood to vampires on a consensual and contractual basis. If both parties benefit, and their is voluntary consent the human-vampire contract should be enforced. It turns an act that was once in the shadows, a sign of duress, into now a legal exercise that has joint cooperation with a beneficial voluntary trade. Their is mutual assent for both parties, the Offeror, the human and the Offeree, being the vampire. When both parties benefit I don’t believe VIEW DOCUMENT
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Formation of a Contract

2736 words - 11 pages FORMATION OF A CONTRACT Contract: a promise or set of promises which the law will enforce 6 elements of a valid contract: 1) intention to create legal relations 2) agreement 3) consideration 4) legal capacity 5) genuine consent 6) legality of objects bilateral contract: a promise for a promise unilateral contract: a promise to be accepted by the performing of an act Must a contract be in writing? Generally no (with the exception of specific classes which must be in writing or they will be void, and other specific classes which should be evidenced in writing under the Statute of Frauds or else they will not be enforceable) A “freeâ VIEW DOCUMENT
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Contract Of Agency

7591 words - 31 pages CONTRACT OF AGENCY The general law of contracts is embodied in the Contract Act, 1872. The law of agency being a branch of the law of contracts, the same is incorporated in the said Act by giving it a full chapter on the subject. Thus sections 182 to 238 of the Contract Act, 1872 deal with the subject of Agency. Special enactments are also there and where a provision of a special Act is in conflict with the provision of the general Act, the former shall prevail unless the special law itself states otherwise. The wisdom behind this principle is to maintain consistency in law and to oust any ambiguity or confusion concerning any subject. PARTIES TO THE CONTRACT OF AGENCY AGENT AND VIEW DOCUMENT
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The Law Of Contract

1209 words - 5 pages Introduction The law of contract A contract intends to formalize an agreement between two or more parties, in relation to a particular subject. Contracts can cover an extremely broad range of matters, including the sale of goods or real property, the terms of employment or of an independent contractor relationship, the settlement of a dispute, and ownership of intellectual property developed as part of a work for hire. Intention to create legal relations | | | plus | | | Agreement | | (i) Offer | | | plus | | | (ii) Acceptance | plus | | | Consideration (informal contracts) | | | Body Advise Sanjeev regarding the advertisement Sanjeev made an offer in the VIEW DOCUMENT
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Self Management Contract

532 words - 3 pages Self-Management Behavioral Contract I, , hereby agree to the following Management Behavior Contact, designed by myself to encourage the positive behavior for myself, and to encourage self-motivation techniques. This contract will provide the following: • A specific goal that I will need to meet • A plan for change that is self-directing • Target behaviors • Monitoring my goal • A time frame in which the goal should be met Once I start my progress to meet my goal, I will then discuss both the internal and external consequences for actions if I do not meet my goal, and the rewards for when I do meet my goals. I will remain dedicated and with a self-positive attitude in attaining my VIEW DOCUMENT
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