Business Law Essays
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As highlighted by Jill Pool in the text ‘Case Book On Contract 4th Edition’, the hypothesis advocated by many is that the eidolon of consideration is enough; the intention to create legal relations is not sine qua non. This essay embodies such a theory, which is also postulated by Hepple in his article “Intention To […]
There is an esteemed international institution responsible for managing arbitration processes that deal with violations of policies or treaties. This organization supervises and carries out proceedings. Two types of arbitration procedures are typically utilized: ad hoc and institutional. Ad hoc arbitration involves parties organizing and coordinating their own proceedings, including selecting arbitrators, defining rules and […]
Franchise refers to the act of a major company granting its name to other businesses to manufacture and distribute its products or services. Benefits include: 1. The franchisor is obligated to offer training, support with management, equipment, and materials. 2. It provides a safer approach to commencing a business venture. Drawbacks include: 1. Franchisee: – […]
Default is defined as the unsuccessful act or the failure to carry through what has been officially and ethically agreed upon. Default is often associated with the failure of payment of debts associated with Bankss or other loaning and selling groups or companies. 2. Collateral on the other manus is the term used for something […]
The first class session discusses the constitutional right of a motorcycle driver to choose not to wear a helmet. As an individual who rides motorcycles, I believe that I have certain constitutional rights and privileges. These rights allow me to use my earned money to purchase a motorcycle for personal transportation and entertainment. It is […]
Definition It is any fraudulent, deceptive, or dishonest trade practice that is prohibited by statute, regulation, or Common Law. Unfair Trade Practice is to use various deceptive, fraudulent or unethical methods to obtain business. Unfair trade practices include misrepresentation, false advertising, tied selling and other acts that are declared unlawful by statute. It can also […]
On 10. 3. 2012, John advertised his car for sale at 50, 000 in the local newspaper. The advertisement is either an offer or an âinvitation to treatâ. An offer is required to form an agreement. Under Contracts Act 1950 offer is when one person indicated to another his willingness to do or refrain from […]
The case of Salomon v Salomon is important in company law as it established the concept of the corporate veil. This principle states that a company is distinct from its shareholders and officers, unless there are extraordinary circumstances like fraud or illegal activities that justify disregarding this separation. To summarize, a company has the ability […]
1. Able entered into an oral contract with Baker for the sale of Able’s car for $5,000. Later Baker breached that contract. Able wants to sue to enforce the contract. Under the Statute of Frauds, who is the “party to be charged” in this case? a. Able. b. Baker. c. Both Able and Baker. d. […]
The most common form of business formation in the United States is a sole proprietorship, in which the person who starts it is personally responsible for any debts owed by the business and agrees to contract terms on behalf of the business. The main advantage of a sole proprietorship is its simplicity in formation, as […]
1.How many truckloads of product are actually required to carry $10million of product? Show your calculations 0.028 Truckloads are required. This is derived from $10,000,000/$2.83 price per tablet, giving approximately 3,533,569 tablets. The dimensions of the truckload include 17 mx4.5 mx2.5 m= 191.25 m^3, or 191,250,000 cm^3. The volume each tablet takes up is 1.5 […]
To talk about the contract of agency, firstly the definitions of contract and agency are requited. According to Gloag (W.Green, 1929), ‘contract is an agreement which creates or is intended to create a legal obligation between the parties to it.’ And it’s a really important part in the business, commonly known as legal lynchpin of […]
The lighting system for Manila cemeteries on All Soulsâ Day in 1934 was managed by Matic with permission from Manila City. The agreed payment of P8,773 had to be secured by Luzon Surety Co. Quiogue was authorized by Matic to negotiate a contract with Mora Electric Co., Inc. for the materials and labor required for […]
Case 1 A Sydney tramway passenger was injured in a collision with another tram, which occurred after the driver collapsed at the controls. The plaintiff argued that the collision could have been avoided if the tramway authority had fitted the tram with a system known as âdead manâs handleâ, a system in use on Sydneyâs […]
Initially, Dickison orders 1000 widgets from International Widget at a cost of $5 per widget and requests a delivery timeframe of sixty days. However, after signing the contract, Dickison verbally asks International to expedite the delivery to thirty days. International agrees to this change. The question is whether this modification holds legal weight. Both parties […]
âMillie contracted to sell Frank 10,000 bushels of corn to be grown on Millie’s farm. Due to a drought during the growing season, Millie’s yield was much less than anticipated, and she could deliver only 250 bushels to Frank. Frank accepted the lesser amount but sued Millie for breach of contract. Can Millie defend successfully […]
International joint venture according to its definition is an enterprise which is formed as a result of the integration of the businesses of two companies. Businesses of one party are transferred to the Company and as consideration for such transfer; shares are issued by the Company and subscribed by that party. The other party subscribes […]
The company was established in 1892, with an investment of Rs. 295. [4] Initially, biscuits were manufactured in a small house in centralKolkata. Later, the enterprise was acquired by the Gupta brothers mainly Nalin Chandra Gupta, a renowned attorney,and operated under the name of “V. S. Brothers. ” In 1918, C. H. Holmes, an English […]
Courts will refuse to enforce a contract, which has come into existence whereby an individual has been induced to enter into it by means of pressure brought to bear upon them, so as to influence their own independent judgement. For quite some time the only tool the courts had to deal with these instances was […]
The common law doctrine of Frustration generally operates to discharge contractual obligations when, through no fault of either party, a supervening event occurs which renders performance of a contract physically, commercially or legally impossible, or where the obligations of the contract are radically different from those which were originally agreed. At first glance, it would […]
BUS 204 and placed the mixture on a chair within her reach. She took the poison and died several hours later. Mr. Roberts admitted placing he poison within her reach but denied having the required mental state for first-degree murder ecause he was responding to his wife’s request and was motivated by love and mercy. […]
In the lawsuit known as “Louis Vuitton Malletier v Dooney & Bourke Inc.”, Louis Vuitton alleges trademark infringement against Dooney & Bourke in relation to their multicolore handbag collection. Established by Louis Vuitton in 1854, Louis Vuitton Malletier is a celebrated French fashion house. Its LV monogram, featured on most of its products, contributes significantly […]
