Essays on Business Law Page 4

Uncertain event ‘Contingent contract is to do or not to do anything, if an uncertain future event happens, it cannot be enforced by law unless and until that event has happened. ’ Illustration: ‘A’ makes a contract with ‘B’ to buy B’s car if A survives. Thus contract can’t be enforced until and unless ‘B’…

The issue here is whether the purchase agreement entered by Mr.. Echoing Fat and Mania is avoidable by virtue of Sec. 17(b)? In order for a contract to be executed properly, it must be done in favor of Sec. 10, 13 and 14. Sec. 10 prescribes that an agreement in a contract if it done…

There will be discussion about business structures and corporate business structures in this paper. There are three corporate structures that are general, chapter S, and Limited liability corporations. There are also tree business structures that are sole proprietorship, partnership, and corporation. Sole proprietorship is owned by one person and they have unlimited liability. They also…

Case Study: Implied Warranty Of Merchantability In the case of Keller v. Inland Metals All Weather Conditioning, Inc. , the question has come about asking if there was an express warranty given by the CEO of Inland Metals to the Kellers when they signed a contract. If in fact there was an express warranty then…

UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE Business Law I, BMGT 380 Midterm Examination This midterm examination is open book, open notes, but you are on the honor system not to seek assistance from anyone to complete this exam. There are 25 multiple choice questions worth 2 points each and 10 essay questions worth 5 points each,…

Introduction The franchise concern has been around a long clip ; in fact they go back every bit far as the 1850’s. The impression of selling off a concern or a portion of a concern in order to spread out into new countries normally came from the deficiency of investing financess from the concern proprietor….

This was due to not being able to meet the obligations of trading, Lesson opened on behalf of the Bank. Nicholas William Lesson, which is popularly called Nick Lesson have do dark transaction, which is actually outside its authority in 1992. Shortly, after he was allowed to trade derivatives at Barings Futures Singapore (BBS), a…

The primary concern pertains to corporate entity or personality. A company, as a separate legal entity from its members, has the ability to engage in contracts, possess property, initiate lawsuits, and be subject to lawsuits and taxes under its own name. The concept of corporate entity was established in the landmark case of Salomon v…

According to English Law, contracts are formed through a process involving an offer and acceptance. For a valid offer, it is necessary for the object for sale and all important contract terms to be clearly stated. The acceptance of the offer must indicate agreement to all the terms of the contract. Failure to do so…

In the absence of hedging program using financial instruments, how sensitive would Barrick earnings and cash flows be to gold price changes? For every 1% change in gold prices, how might its stock be affected? How could the firm manage its gold price exposure without the use of financial contracts? In 1992, American Barrick produced…