1. Facts Ford Credit (“FC”) is a subsidiary of Ford Motor (“FM”). Its’ activity enables it to finance operations in which FM takes part, but also other operations of same nature but without FM being involved. There is no restraining agreement with regard to this …
Charlie is going to rescind the contract. He demands return of his money and compensation for the loss of commission on several high profile sales of his business. He wants to rescind the contract because the package of software recommend by Carmine was obsolete, despite …
The process of labor-management bargaining has evolved since its beginning in the early years of labor negotiations. Since the parties involved in collective bargaining are negotiating a formal contract that both are to be bound by, there are many stresses and tensions that permeate the …
Case Brief:W. O. LUCY AND J. C. LUCY v. A. H. ZEHMER AND IDA S. ZEHMERFacts of the Case:After several drinks, Zehmer (D) wrote and signed a contract in which he agreed to sell his farm to Lucy (P) for $50,000. Zehmer insisted that he …
The recent news release last December 24, 2008 posted on the United States Federal Trade Commission (FTC) site is about how FTC settled the price-fixing charges against two separate doctors’ groups: one in Modesto, California and another in Boulder, Colorado. The multi-specialty IPAs Independent Practice …
To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC, under a written five-year lease. Your goal is to put the game on the market within two years. Several …
Topic: Law of agency Summary of Facts: Company Star Boat employed Tom as the manager for marketing and sales department. Being an agent for Star Boat, Tom frequently concluded contracts with a number of suppliers for acquiring certain parts to manufacture boats. Smooth Sailing was …
Types of Contracts The risk shared between the buyer and seller is determined by the contract type. Although the firm-fixedprice type of contractual arrangement is typically the preferred type which is encouraged and often demanded by most organizations, there are times when another contract form …
Introduction Income statements are of crucial importance to users of financial statements, particularly investors. It is vital that revenues are properly recognized when preparing income statements to give a fair view of profitability of the associated company/firm. Thus investors are not misled while making decisions …
This article was co-written with David Pang, Associate, Bracewell LLC, Dubai.Small print: so often either unread, or misapplied. This is particularly true when it comes to dispute resolution provisions in contractual relationships.It is vital for any business providing services or goods that it has in …
The Hoover Motor Express Company delivered a written offer to purchase certain real estate to the Clements Paper Company on November 19, 1949. Williams, who is a vice president at Clements, had been authorized in December to accept Hoover’s offer, yet he did not contact …
There is common rationale for cultivating a common ground for economic interaction between the Russian federation and European and the Global Community which can serve as roadmap. This has been reflected in the outcome of the “Russia-EU Moscow Summit in May 2005” (Pankov, 2007) which …
Introduction Charlotte Ann Ltd (CA) has two directors (A and B) both of whom are now seeking advice on several different issues in relation to CA, as well as a wholly-owned subsidiary CA Finance which is going into insolvency. Firstly, and prior to identifying key …
Introduction It can happen that sometimes you have a personal dispute with a family member, friend or neighbour, or a legal dispute involving business. There are three main ways as alternatives to going to court to resolve a dispute in China: negotiation, mediation and arbitration, …
The Appellant humbly submits this memorandum for one appeal filed before this Honorable Court.. It sets forth the facts and the laws on which the claims are based. Statement of Jurisdiction of the Respondent The Respondent humbly submits this memorandum in response to the appeal …
This type of entity will provide the control of a sole proprietorship while placing liability on the business rather than the individual. Fireworks have the potential to be dangerous, causing serious damage to both people ND property. The potential for liability associated with the use …
There are many definitions of the term “contract”. Usually, contract is defined as any agreement between two or more parties i. e. organizations, businesses, government agencies or individuals with the purpose to exchange something of value. Generally, contracts are presented in written form or seldom …
The construction industry is apparently one of the major sectors of Hong Kong construction economy, and as Kenneth and Sai (2006) noted, buildings, the result of construction industry’s activities, are part of the built environment in which several human activities occur. (more…)
Policy In the consulting industry, ethics play a very important role. Ethics are the baseline for every business decision that is made. For this reason, all employees of the AJ Consulting firm are required to adhere to our strict ethics policy. AJ Consulting’s ethics policy …
Table of Contents Assignment #1: e-Discovery Project Procurement Management2 Introduction2 Plan e-Discovery Procurements3 Conduct e-Discovery Procurements5 Administer e-Discovery Procurements6 Close e-Discovery Procurements8 Conclusion9 References10 Assignment #1: e-Discovery Project Procurement Management Introduction Most projects of whichever size or significance cannot be completed using 100% in-sourced resources. …
Introduction An expert system can be considered to have two major components. First, there is its knowledge base. This is the portion of the system that contains specialized knowledge and expertise about its domain of application. In commercial law, liability is a form of business …
Executive Summary In order to fully understand the dichotomy of this case there must first be an anlysis of the salient points. This case of international trade law applies to transactions for goods or services that cross national boundries. Parties stated herein were affected by …
Discuss how the Music Business is a system comprised of principle subsystems. There are several key components to the success of an artist in the music business. These components support one another, and enable each to complete tasks that are designed to further the marketability …
Indian Contract Act 1872 The law relating to contracts in India is contained in Indian Contract Act, 1872. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to the All the States of India except the State of Jammu …
This paper discusses the organizational structure of International Brotherhood of Teamsters which is designed and implemented by the top executives for proper implementation and standard functioning of its various unions that are established everywhere now-a-days. The effectiveness of organizational structure with respect to its union …
Introduction As per this scenario own vessel was on a voyage charter,if on a voyage charter the ship owner provides the charter party with details of ship particulars,capacity and Registry. The ship shall proceed with reasonable dispatch.Vessel shall proceed with Reasonable dispatch,after this the owner …
Few agencies make their agency-level statistics available, so the data is lacking to track trends and draw conclusions concerning agency protest handling. (Nacke & Ralston 2011) The Unites States Government Accountability Office (GAO) is another protest agency that provides a venue for companies to protest …
The history of the grievance process in American history is a lengthy one as it saw its initial origins in the very first labor movements of the 19th century. The growth of organized labor continued for many decades seeing a great deal of its power …
Thomas Baker and others bought new homes from Osborne Development Corp. The new homeowners later filed a complaint against Osborne Development Corp. for multiple construction defects in the houses they purchased. The complaint alleged causes of action for strict liability, and other breaches of contract, …
Introduction: Lean synchronization is an emerging practice that seeks to streamline the ‘flow of products and services in order to eliminate waste. The aim of this paper is to identify the strategic operational issues in relation to A&B Partners (a law firm referred to as …
Ratification
Ratifying a contract is the act of approving the terms and conditions that are being spelled out in the document. For example, if you go on vacation and provide permission to an employee to sign a contract on your behalf, you may be then asked to ratify it.
Assignment
An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants the assignee to step into his shoes and assume all of his contractual obligations and rights.
Contract law cases
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