Essays on Business Law

Spot deferred contracts
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Pages • 3
Introduction This is like a forward contract with rollover option (find detailed description in chapter. By following this strategy ABX was able to profit from increases in the price of gold and at the same time set a minimum price of gold to protect them if the gold price would fall. Figure 8 depicts roughly the contango for varying rollover dates. Principal characteristics of spot deferred contracts Spot deferred contract Spot deferred contract (SDC) is a forward contract with multiple…...
Business LawContractFinanceGoldPrice
Words • 107
Pages • 1
Incoterms Definition: The purpose of incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade (UNECE 20002 p3). They outline the obligations of the main parties to the contract of sale, the seller and buyer. These terms, currently thirteen, are devised and published by the International Chamber of Commerce and the first version was done in 1936 (ICC 2000). They are as follows:- EXW (Ex-Works...named place): Carriage arranged…...
Business LawOtherTrade
Foundations of business law
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Pages • 6
In this situation there was a duty of care for the defendant, who is the bank, to provide to the plaintiff, who is the old man, as the defendant was In a position to see that water had come Into the building and the floor was wet. This wet floor would have greatly increased the chance of someone slipping over and causing injury. They would have known that failure to properly warn customers who both enter and leave the building…...
BusinessBusiness Law
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Challenges of Franchising and Licencing in International Business
Words • 1140
Pages • 5
1. Introduction In this report, we will present the challenges of franchising and licensing in international business. We will start by defining franchising and licensing and explaining few essential issues related to them. After that, we will go into the different challenges and issues that companies will face with different solutions. 2. The Definition of Franchising and Licencing Licencing and franchising are actually different variants of the same course of action. This course of action could be generally named as…...
Business LawFranchisingInternational Business
Business Law and Corporate Ethics
Words • 1089
Pages • 5
If Letisha does not pay and Sudson sues her for breach of contract, what legal arguments could be raised in Letisha’s defense against the enforcement of the automatic renewal clause? Explain. Let us get a brief understanding of what the automatic renewal clause definition is, “An automatic renewal clause allows an agreement to continue for a defined period if the existing agreement isn't renegotiated within a specified time measured from the expiration of the current contract. The term of renewal…...
Business EthicsBusiness Law
Business law essay
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Pages • 1
1. Lorraine paid for her shipment using a certified check. The difference between a regular check and a certified check is as follows: a regular check is a guarantee from the check writer that there are enough funds in the account to cover the check. On the other hand, a certified check is a promise from the bank that there are enough funds to cover the check. Most banks take the money directly out of the customer’s account in order…...
BusinessBusiness Law
Business Law
Words • 2160
Pages • 9
Whilst upgrading its computer centre, the University of Canberra invited tenders from all the leading computer manufacturers. From these it selected Peerless Computers, as it employed several former UC staff and offered greater price reductions, in comparison to the major firms. A contract was entered into between them, which stipulated that the delivery was to be made a week before the commencement of the next semester. It was communicated to Peerless that these computers were indispensable for the timetable regarding…...
BusinessBusiness Law
An Agreement Not Enforceable By Law Is Said To Be Void
Words • 9351
Pages • 38
BUSINESS LAW. I SEM MBA ONE MRKS QUESTIONS: 1. What is void agreement Void means having no legal value and agreement means Arrangement, promise or contract made with somebody. So void agreement means an agreement that has no legal value. “An agreement not enforceable by law is said to be void”. [Sec 2(g)] A void agreement has no legal effect. An agreement which does not satisfy the essential elements of contract is void. Void contract confers no rights on any…...
AgreementBusiness LawContractLaw
Acts and Law of Trade Marks
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Pages • 11
A trade mark can be defined as a sign, symbol, mark, indication used in relation to goods, services in the course of trade distinguishing the goods of one enterprise . Section 2 of the Trade Marks Act also defines a 'mark" and "trade mark." In Kellogg Co vs Cairns Foods Ltd the court stated that for a mark to be a trade mark, it must be used, in relation to goods or services for two purposes: to indicate a trade…...
Business LawLawTrademark
Business laws and business ethics
Words • 930
Pages • 4
When one is establishing a business, it is important to understand the business law. Through the knowledge of business laws, is able to run the business without hindrances that may result from ignorance. Law brings numerous benefits in the business environment. For instance, law aids one to understand how different kinds of business entities are run (Latimer, 2012). Law helps one in understanding how each of the business operates, its structures as well as its legal requirements. Legal personnel also…...
Business EthicsBusiness Law
Salomon vs Salomon Case Study
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Abstract Aaron Salomon was a successful leather merchant who specialized in manufacturing leather boots. For many years he ran his business as a sole trader. By 1892, his sons had become interested in taking part in the business. Salomon decided to incorporate his business as a Limited Company, Salomon & Co. Ltd.At the time the legal requirement for incorporation was that at least seven persons subscribe as members of the company i.e. as shareholders. Mr. Salomon himself was managing director.…...
Business LawCase StudyCorporate WorldJustice
Trademark as an Intellectual Property
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Pages • 11
A brief introduction A Trademark Act is commonly implemented with the intention to safeguard businesses' identity or logo so as to prevent other businesses from posing, and therefore, confusing the public as to the integrity of the services or goods of said business. Trademarks are also commonly stated to be a logo or sign a business uses to distinguish its goods or services from others in the same industry. A mark of certification(like healthier choice, or Hala mark) is also…...
Business LawPropertyTrademark
Overview of Discovery and Settlement due to Business Law
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Other forms include negotiation and mediation. It is up to management to determine which form of litigation is appropriate for the organization. “The paperwork that is filed with the court to initiate and respond to a lawsuit is referred to as the pleadings” (Cheeseman, 2010). The process of the pleadings is the complaints, the answer, the cross-complaint, and the reply. All lawsuits start with a complaint. The answer must be filed by the defendant. In some cases, the defendant can…...
BusinessBusiness LawJusticeLawMy Favourite Tv Channel Discovery
Business Law Cases
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Pages • 4
The case presented here falls under the doctrine of Contract Act, 1872 and especially under the provisions regarding breach and remedies for breach of a contract. When the rights and responsibilities arising out of a contract are extinguished, the contract is said to be dissolved or terminated. A contract may be dissolved in any of the following ways: 1. By Agreement: A contract can be terminated by an agreement between the same parties who entered into the contract with mutual…...
BusinessBusiness Law
Formation of a Company
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Refers to the entire process by which a company is brought into existence. It starts with the conceptualisation of the birth a a company and determination of the purpose for which it is to be formed. The persons who conceive the company and invest the initial funds are known as the promoters of the company. The promoters enter into preliminary contracts with vendors and make arrangements for the preparation, advertisement and the circulation of prospectus and placement of capital. However,…...
Business LawCompanyLaw
Business Law, the Laws Applied in This Case Study
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Pages • 7
Introduction Funster had suffered three forms of losses in this factual matrix, namely the broken ribs, the damaged iPhone and the torn T-shirt. Prima facie, Magic Studios is liable for the negligent damage caused to Funster. Therefore, whether Magic Studios should bear liability for the damage hinges upon whether they can successfully rely upon the exclusion clause set out in the ticket. The approach taken by the courts on determining the applicability of the exclusion clause is neatly set out…...
BusinessBusiness LawCase Study
Aspects of contract and business law
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Identify the legal criteria for offer and acceptance in a valid contract A contract is defined as a legally binding agreement and are very important in business. This is because: * it is risky to enter into a business arrangement without some form of contract * this is because, in the event of something not going as planned, a business contract is your safety net * without a business contract that stipulates the procedures, policies and expectations of the concerned…...
BusinessBusiness Law
Analysis of Legal Issues According to Business Law
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Pages • 10
Question 1(a) The legal issue and problem in this question is whether Micky has a contract with Ureach Mobile Co. Section 11 of Contracts Act 1950 provides who are competent to contract, that is those who are of the age of majority according to the law to which she is subject, have sound mind, and not disqualified from contracting by any law to which he is subject (KrishnanL, RajooL, & VergisA. C,2009). On the other hand, the Age of Majority…...
BusinessBusiness Law
?Continuing Case: Cory and Tisha Dumont
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Pages • 11
Using the earnings multiple approach would result in the following life insurance calculations for Cory and Tisha. Cory’s needs= $38,000 x (1 – 0.22) x 12.46 = $369,314 Tisha's needs= $46,000 x (1 – 0.22) x 12.46 = $447,065 Cory currently has $76,000 (2 x $38,000) of term life insurance through his employer. Consequently, Cory should consider purchasing approximately $293,000 of additional life insurance coverage. Tisha has $69,000 of term insurance through her employer, as well as a whole life…...
Business LawFinanceInsuranceMoney
Limited Liability Partnership (LLP)
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Pages • 3
Fred and Ginger are general partners in a business. They decide to purchase a building for the partnership. Ginger will put up the money for the building, and Fred will complete the remodeling. While inspecting the building, Fred is informed that the building is packed full of asbestos. He fails to tell Ginger of the presence of the substance. They buy the building and go into business. During the remodeling of the building, people from the neighborhood begin complaining about…...
BusinessBusiness LawCorporationLawSquirrel
Business Law and Charges Ace for The Equality
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A relationship in a business looks like an individual association. Both business and individual associations include: Three Kindergarten Nearest allies' to be explicit Tom, Dick and harry now being adult decided to acquire some certified money. In their social event, Tom is the business mind, Dick is the mechanical one and Harry is the imaginative one. Scarcely some other information given is according to the accompanying: Dick's movement young lady: DOROTHY (Dick's pupil) Harry's significant other: HELEN (Arrangements and advancing)…...
BusinessBusiness LawEquality
Business law conditional acceptance
Words • 1410
Pages • 6
Forming a contract there must be six essential elements which are acceptance, consideration, intention to be legally binding, capacity of the contract and finally legality of the promises.1To archive an agreement between the offeror and offeree there is a formula whereby offer+ acceptance=agreement.2An offer has to be created firstly. An offer means the indication by one person to another of his willingness to enter a contract with the other person on curtain terms.3An offer can either be written or oral…...
AcceptanceBusinessBusiness Law
Business law case study
Words • 1665
Pages • 7
This essay will discuss the Case study by firstly identifying four elements of contract, then justifying duties of Mr. Martin with applying the principles of pre-existing contractual duties. Finally a discussion about part payment of debt and promissory estoppel will be explained. Likewise, this essay will evaluate the knowledge of common law and agency relationship. QUESTION 1 a) Four essential elements of a contract should be Offer, Acceptance, Intention to create legal relations and Consideration. Firstly, offer, according to Adams(2012),…...
BusinessBusiness LawCase Study
Business Law. Specific Performance
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Business Law: Unit 6 Assignment 1 Specific Performance In the realm of contract law there are many ways of addressing breach of contract. The purpose of this paper is to analyze four separate scenarios and decide if the remedy of specific performance would be applicable to any of them. Specific performance is, “An extraordinary equitable remedy that compels a party to execute a contract according to the precise terms agreed upon or to execute it substantially so that, under the…...
BusinessBusiness Law
Business Law Assignment
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Pages • 2
The main point for consideration in this situation is whether the initial agreement between Packard and Hewlett constitutes as a contract that has a legal relationship, and if so, is Hewlett within his rights to void the established contract and sell the laptop to the offeror with a higher price. The General Principle of Law here would imply here that Hewlett and Packard, are in a contract due to consensus ad idem, in that a meeting of minds must be…...
BusinessBusiness Law
Essay on A Case in a Business Law Sphere
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Pages • 2
Signal Sets Company contracts to deliver one hundred 52-inch plasma high-definition television sets to a new retail customer, Tuner TV Store, on May 1, with payment to be made on delivery. Signal tenders delivery in its own truck. Tuner's manager notices that some of the cartons have scrape marks. Tuner's owner phones Signal's office and asks whether the sets might have been damaged as they were being loaded. Signal assures Tuner that the sets are in perfect condition. Tuner tenders…...
BusinessBusiness LawTruck
Performing Acts in Business Law
Words • 5978
Pages • 24
The law of contract is about the enforcement of promises where the basic law, governs and relates to most aspects of human life. Contracts provide the means for individuals and businesses to sell or transfer property, services and other rights. Although the law of contract is about the enforcement of promises but not all promises are enforced by courts and to enforce a set of promises, or an agreement, courts look for the presence of certain elements; In other words contract…...
AgreementBusinessBusiness Law
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