The issue is whether the transfer of house is acceptable and valid under Sec 26 of CA 1950. The law applicable are Sec 26 of CA has stated that agreement made without consideration is void. According to Sec 2(d) of CA, consideration is an act …
Explain the reasons for the adoption of a new calendar in revolutionary France and analyze reactions to it in the period 1789 to 1806. The adoption of the revolutionary calendar to replace the Gregorian calendar took place on November 24, 1793 by the National Convention. …
REMEDIES • method by which an injured party enforces a right or corrects a loss. It will depend on the nature of breach and the result will be differ between parties. The remedies available for breach of contract are: 1) RESCISSION • An equitable remedy …
TUTORIAL 2 1. Ali and Abu were neighbours. Ali had to go to Singapore for a business seminar. Before he left, he told Abu “Please look after my house”. After two weeks of being away, Ali’s house caught fire and Abu could only save a …
* Under 2005 The Certificate Of Practical J.C.T. Completion has far making effects upon the rights and duties of all concerned within the contract these include the beginning of the defects liability period which normally lasts for 6 months.Possession of the site returns to the …
Recently, Danny Davidson sold a family home to his friends Paul and Priscilla Peterson whereby entering into a $250,000 verbal agreement for the purchase of new home. However, Danny neglected to tell Paul and Priscilla about Ned the neighbor and the emerging dispute pertaining to …
According to the movie, Ben Carson grew up from the poor family with his mother is non-education. She is only a maid in the rich man’s house. One day during cleaning his house, Ben’s mother learned that reading a book is better than spending the …
Introduction In Malaysia, the Income Tax Act 1967 Section 3 sets the scope of income tax provided that income accrued in or derived from Malaysia would be tax. However, S3B of the Act specifically provides that income derived by an offshore company in respect of …
Overview of Procurement Procurement is the acquisition of goods, works and services at the best total cost of ownership, in the right quality and quantity and at the right time. It also involves the acquisition of goods and services at the right place and from …
Offer ( Topic 3) Is a proposal the acceptance of which establishes the existence of an agreement. It shows a promissory intent. In other words, it is a promise to do or refrain from doing something. – Usually upon condition that the other party agrees …
EROSION OF CONSENSUS AD IDEM This work is to discuss about the erosion of “consensus ad idem” or called as “meeting of the minds”, to get to know about this we have to know about “Contract” where in which the “consensus ad idem” plays a …
Introduction Doing or expanding business in Asia nowadays has become a popular trend from companies around the world, many big firms based on Europe and United States of America recently has opened a branch in Asia in order to reach the Asia Market. The main …
Who is Hamer in Hamer v sidway? Hamer is the side of a nephew who filed a lawsuit against his uncle in the amount of $ 5,000 for failure to fulfill the contract. What rule of contract law did the court apply to the facts …
Question 1 Distinguish between a negotiable and nonnegotiable instrument. Be explicit. Negotiable instruments such as contracts are usually commercial in nature. These forms of negotiable instruments have requirements which abide with the provisions of the revised Article 3 of the Uniform Commercial Code (UCC). Under …
Labor and Employment Law Synthesis Paper Honglei Qin HMD 259-2005 11/14/2012 Labor and Employment Law This law is the one capable of explaining the economic motivation, background and implication of employment and labor regulation so as to help the policymakers, researchers and advocates express their …
In this case study, Patina is the seller and Luca is the buyer under an FOB (Free on Board) agreement. General picture of a FOB contract can be congregated from the case of Wimble & Sons v Rosenberg & Sons which describes it as a …
Executive Summary BAT is a technology that sells financial software to individuals and organizations. BAT’s success had attracted a number of competitors. BAT differentiated itself by committing to free tech support for the life of the product. BAT started its call center operations in 1987 …
Management Test Questions & Suggested Solutions by L. Muralidharan, FCA, Grad. CWA Question 1 Bharata Ltd is considering proposals for design changes in one of a range of soft toys. The proposals are as follows: Eliminate some of the decorative stitching from the toy. Use …
Based on a long common law history and once an important measure in sales contracts, s.13 Sale of Goods Act 1979 has now become unnecessary and irrelevant.’ Introduction Section 13 of the Sale of Goods Act 1979 was previously considered an important measure in sales …
Therefore, if the contract between the distributor and Bolivia is “FOB Shipping Point”, then Bolivia should recognize the revenue once the truck left its manufacturing facility in Manitoba, Canada. Under “FOB Destination” contract structure: Since “FOB Destination” contract requires the seller to be responsible for …
Introduction Airbus is an aircraft industrializing subsidiary of European Air Space Company. It is situated in France with considerable action across Europe. It is one of the companies that manufacture approximately half of the total production of the world’s jet airliners. It started as association …
Background of the Case 1976 Former Japanese Prime Minister Kakuei Tanaka was arrested on charges of taking bribes amounting to $1. 8 Million Dollars from Lockheed Aircraft Company. Tanaka’s secretary and several other government officials were arrested together with former Prime Minister Tanaka. Takeo Miki …
1. Whether petitioner is doing or transacting business in the Philippines in contemplation of the law and established jurisprudence; 2. Whether respondent is estopped from invoking the defense that petitioner has no legal capacity to sue in the Philippines; Facts: Petitioner Cargill, Inc. (petitioner) is …
The doctrine of judicial precedent is based on the principle of stare decisis which means ‘to stand by what has been decided’. It is a common law principle whereby judges are bound to follow previous decisions in cases where the material facts are sufficiently similar …
Introduction Contract law is primarily concerned with the enforcement of promises and is regulated largely by the common law. In order for any contract to be binding between the parties, there must be an intention to create legal relations as shown in the case of …
The Law of Partnerships:Scott Osborne The applicable law: Partnership Act 1892 (NSW) The relevant law is contained in the Partnership Act (PA) of each of the jurisdictions. All are based on the PA (1890) UK Act. The contractual nature of Partnerships Partnerships are essentially contractual. …
Case Analysis Puran Lal Sah versus State of UP Submitted by – Aseem Agarwal (12PGPIM04) Nitin Gupta (12PGPIM21) Rahul Jain (12PGPIM24) Saumitra Das (12PGPIM28) Nishant Shah (12PGPIM29) Supreme Court of India Puran Lal Sah vs State Of U. P on 21 January, 1971 Equivalent citations: …
Government Intervention at Boeing and Airbus Towards the beginning of aircraft manufacturing, Boeing and McDonnell Douglas stood as the leading aircraft manufacturers on a global scale. Working alongside the U. S. Department of Defense, Boeing received multiple contracts aiding the industry with tax breaks and …
Case 1 Feed R&D or Farm It Out? The predicament that RLK Media is facing is losing their market share in the products that they manufacture and sell, without a new product to offer its customers and with the very competitive pace that the other …
Conflict on a Trading Floor The case describes the ethical dilemma occurred in FirstAmerica Bank. The sales department of the bank was preparing a 700 mln. USD loan contract for one of the bank’s former client: Poseidon Cruise Lines. Poseidon intended to order a large …
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
Save time and let our verified experts help you.
Hire writer
