Free Essays on Consideration to Get Inspired & Learn by Example

Consideration is factored as one of the core elements of a valid contract. The parties that enter into an agreement recognized as lawful must outline either party’s commitment in the form of service, monetary value or a promise to refrain to a particular action. By definition, consideration refers to the benefit that contractual parties expect from each other at the end of the contractual period (Eisenberg 1754). Consideration form the basis of a binding agreement since the involved parties must settle on a common ground that serves the essence of their relationship. In case the parties fail to Continue reading...

The Name of the Class

The Name of the School
The City and State
Contract Law
In order to advice Olivia, it is necessary to define consideration in a contract, part payment of a debt and the doctrine of promissory estoppels. A consideration in the law of contracts refers to an item that has value that one party promises another in a legally binding agreement. It must be something of value and not necessary money. Therefore, a consideration refers to where one valuable thing is exchanged for another; it can be in the form of benefit, profit, interest, or right given to one party Continue reading...

Introduction

The law of contracts is one of the fundamental concepts on which the doctrine of civil law has built on from the historical law records of the laws of the different lands in civilization. In particular, the law of personal contracts has been one of the most defined and controversial sections of civil law as per the directions of the doctrine of promissory estoppels revealed in Thomas v. Thomas [1842] 2 QB 85.
In particular, the doctrine of promissory estoppels provides for the description of a relationship between two parties. Evidently recording from the text by Calleros (2013), the Continue reading...

Contracts are regulated under two bodies of law, namely the common law or contracts and the Uniform Commercial Code (UCC). Accordingly, the first step in analyzing a contract is to determine which law applies. The common law refers to the judge made case law that has developed over time. The common law generally applied to contracts for services, real property, employment and intangible assets (Blum, 2013). On the other hand, the UCC refers to the standardized and continuously updated regulations of commerce that were drafted and promulgated by the American Law Institute to serve as a model for courts Continue reading...

Business Law Australia

Business Law Australia
The doctrine of Promissory Estoppel is a doctrine, which a court use to prevent a litigant from taking an action that the litigant is normally entitled in order prevent an inequitable result (Turner & Trone, 2013). Estoppel is used when a party that reasonably relied on promises of another party is hurt because that other party felt to keep the promise. For example, it stops a person from asserting or denying anything to the converse of that which had been established to be the truth in the contemplation of law. Estoppel is a law of evidence. It Continue reading...

The issue of the creation and breakdown of relationships has been under study for a long period. Due to the changes in the society, people have had different perceptions about these two issues, but the agreement is that the two concepts have a sense of dynamics that cannot be generalized. People often come to the decision of either entering into a relationship or breaking down one after a process of rational consideration. This consideration essentially involves weighing the rewards obtained from being in that relationship and the costs that are incurred after entering the relationship. When the costs outweigh Continue reading...

Simplifying the Accounting for Revenue Recognition by FASB 2

I. Background 2
II. Scope of standard 7
III. Next steps and implications for practice 8
IV. Conclusion 10

References: 12

Simplifying the Accounting for Revenue Recognition by FASB
I. Background
The elaboration of a new standard simplifying revenue recognition was one of the highest priorities of the joint IASB-FASB convergence project. The purpose of the project was defined as eliminating a range of differences between International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Principles (U.S. GAAP). The project was initiated in 2002 on the basis of the International Accounting Standards Board (IASB) and the Financial Accounting Standards Continue reading...

Conflicts, harassment and bullying represent phenomena, capable of destroying functioning of any organization (Falconer, 2014, p.5). Thus, development of strategies to deal with conflicts at the workplace is a necessary part of managerial activities, aimed at ensuring stability of organizational functioning. For the purposes of this assignment, a well-known employment-related conflict between the Hollister store (Abercrombie&Fitch) and one of the employees will be considered. The official website of the Hollister Store is http://www.hollisterco.com/shop/uk?DM_PersistentCookieCreated=true. Hollister Store is an American enterprise owned by Abercrombie&Fitch, focusing on selling clothes for guys and girls. In 2009, Ms. Umme-Hani Khan filed a court claim Continue reading...

Introduction

Fluid mechanics involves the application of the principles of forces and motions to liquids and gases (fluids).Based on the laws of motions we have two distinct categories of fluid mechanics which are hydrostatics and fluid dynamics. In hydrostatics the study involves the characteristics of the fluid at rest and the resultant pressure exerted by a body that is introduced into the fluid by immersion. Numerical models form a very integral part in dam construction modeling and design. Concrete dams rely mainly on their weight for stability and are categorized as gravity dams. The most common material used in Continue reading...

Executive Summary

Purpose and Topic
This report has been developed to cover the various possible methods and techniques to be used for training organizational managers on the effective methods of handling human attitudes. The methods that will be covered, in this case, involves the basic information delivered methods and are active training, non-active training and combination training method.

Training basics

The report will start with the objectives and the goals like in any training programs to establish the direction of the program. The objectives are desired on the needs of the managers to be able to handle the human resources (employees) and hence Continue reading...