Contract Essays

State the issue at hand. (Typically this is merely the question you are asked at the end of the case.) How to account for the funding of the R&D and royalty payments State the fact pattern. BRIEFLY present the relevant facts. (Bullet points can be very useful here.) (This can be a challenge, given that […]

What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? Well the to answer the first part of the question I would say that infrastructure is one of the big issues in Saudi Arabia. Most of the towns they have are as old and outdated. Also […]

Basically, the gentlemen’s agreement pertains to the informal accord between two or among several parties (Hobson). It can be made either through oral or written means. It is also a fact that a gentlemen’s agreement is not really an accord that is bounded by laws or other legal means. It is fundamentally rests and relies […]

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 […]

Contract costing is a form of specific order costing, often utilized for construction projects like civil engineering works. In this method, each contract is treated as an independent unit of cost, and a separate account is maintained for each individual contract. The characteristics of contract costing are outlined below: The materials for a contract are […]

Consideration is essential to the formation of any contract made without deed. It distinguishes a bargain or contract from a gift. Lush J in the case of Currie v Misa (1875) referred consideration consist of a benefit to the promisor or a detriment to the promisee as: “Some right, interest, profit or benefit accruing to […]

Before we can delve into the question of the Contract Right of Third Parties Act 1999 we must first discuss the ideology of Privity in contract law. This is something that has been prevalent for many years and is a highly controversial doctrine. In this essay I shall discuss the changes bought forward by the […]

Schwalbe (2012) states that projects account for approximately 25% of the gross domestic product in both the United States and worldwide. However, there are various obstacles and issues that hinder the successful execution of projects. The Orion Shield Project is a perfect example as it encountered challenges in multiple areas including technical, ethical, legal, contractual, […]

Peng & Lau, an accounting firm, purchased a laptop computer from Ace Computers Ltd for $5,000. The laptop will be used by Peng & Lau’s auditing staff at clients’ locations. As per the contract, any defects in the computer will only be covered by Ace Computers up to the cost of repairing those specific issues. […]

The Consumer Protection Act 1999 (CPA) is an act with the objective to protect the consumers’ right which came into force in Malaysia on 15th November 1999. Basically, the provisions of this act cover areas not covered by other existing laws. This act provides simple and inexpensive redressal to the consumer’s grievances and relief of […]

The text below analyzes the effects of legal, safety, and regulatory requirements on the human resource process at work. It explores how litigation has replaced common sense and compassion in decision-making. The discussion specifically revolves around various employee regulations including the Civil Rights Act of 1964’s Title VII, statutory rights, Equal Employment Opportunity Commission (EEOC), […]

The lighting system for Manila cemeteries on All Souls’ 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 […]

Scenario 1 In this scenario, the Mayor of a big city was given a free membership to an exclusive golf club by people who have secured many contracts with the city. Furthermore, the Mayor also received gifts from organizations that haven’t done business with the City yet but might in the future. These presents ranged […]

Under common law, ultra vires describes acts attempted by a corporation that are beyond the scope of powers granted by the corporation’s objects clause. Company may only enter into transactions to the extent that it is permitted to do so by its objects clause which is specified in its Memorandum of Association. Any action not […]

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 […]

Introduction Contract is a customary of procedures guiding the relationship, content and validity of an agreement between two or more people (such individuals, businesses or other association) concerning the sale of goods, provision of services or interchange of interests or ownership. The elements of contract which are the offer and acceptance needed to be fulfilled. […]

This case study represents loyalty and integrity issue beyond fixed or variable prices. Scott, the salesman at Standard Machines has made a bid based upon the fix price established by his company at $429K. In this case, the company of Occidental Aerospace is taking bid from companies to earn the rights to their contract. Since […]

Facts: Private respondents Aladin Simundac and Miguel Oliven filed a complaint for specific performance against petitioner, Natalia Carpena Opulencia on the ground that the latter executed in their favor a ‘contract to sell’ of lot 2125. The defendant, despite demands, failed to comply with her obligations under the contract. The defendant averred that the property […]

Need to set out abroad to catch a better employment? You do not need to worry because there are agencies that are offering a ‘fly now, pay later’ campaign program. However, be careful and avoid illegal recruiters, you might be one of those victims out there. Why illegal recruitment still exists despite the prohibitions of […]

“Millie 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 […]

Contractualization has become the main form of labor in many Philippine businesses, a good reason why there are hardly any labor unions in the country or why most workers are not organized in the new millenium. Contractual workers cannot afford to join unions because they are at the mercy of their employers. Many laws protecting […]

Boeing offers customised training programs to meet the needs of its employees. These encompass the Learning Training and Development, Employee Health and Safety, Quality through Training Program, and a program known as Learning Together. The objective of this Learning Together program is to encourage the educational advancement of its staff by introducing a tuition reimbursement […]