Contract

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    Defense Contracts

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    What are the three major factors which impact how a defense contract is chosen? Where do these three factors come together in a final decision and why is the defense market so unique and expensive? Are some weapons systems not able to apply to this process? Why not? A defense contract is chosen based on cost, performance, and schedule. These come together to deliver a high-performance weapon that’s on time, but has cost overruns; to meet the schedule and cost targets, but forgoing the cutting-edge technology; or producing a high-performance weapons at a reasonable cost, but years of slow work. When it comes to developing and producing advanced weapons systems, it is very expensive. There are systematic flaws, most involve trade-offs. There is mo way that every problem can be fixed. The defense market is so unique and expensive because they supply the tool, weapon, etc. to the government and such exactly how they asked for it. In retail, that cannot be found. I’d assume that not all weapons can fit the requirements that they want simply because technology is…

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    Howard is a tough one. First of all, Kathryn’s uncle Howard promised her $10,000 if she graduated from Cowley County Community College with a 3.0 GPA minimum and then backed out and told her he only said it to motivate her to make it through college. Kathryn did graduate from Cowley County Community College and she also managed to graduate with a GPA higher than what he said she needed to have in order to get the $10,000. I believe that in this situation Kathryn’s uncle Howards promise to pay…

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    This contract is a bilateral contract, according to Bilateral Contract (n.d.); “a bilateral contract contains a promise by each party to fulfill certain obligations to complete the deal” (Bilateral Contract, n.d.). This contract will talk about the six elements of contract formation, factors/restrictions of this contract, and the ethical issues of this contract. Six Elements of Contract Formation According to Elements of a Contract (n.d.), there are six elements of contract formation. They are:…

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    Lease Contract

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    you find … that there was no oral agreement to reduce a portion of the rent or that the rent is not a valid contract, then you must find that Dr. Kennerly’s rent obligation was not reduced.” D-2. 10. As to the paragraphs of P-11, Kennerly agreed to the interrogatories: As to ¶ 1 Court: … P-11. You all are stipulating that Biloxi HMA and Dr. Kennerly entered into a lease contract for the lease of the medical office building; correct? Mr. Barber: Yes. Court: Yes? So I can just check yes…

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    Minors Signing Contracts

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    One can agree that it is legal for 17 year-old teenagers to sign a contract, though it will not be enforceable unless one has parental agreement. The real question becomes how to distinguish one of validity and voidability. In regards to validity, depending on the age of the child, the signed contract can be invalid because of the age and or consent. Nonetheless, the important point in minors signing contracts is the voidability of the instrument. For the minor has the right to enforce a…

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    Two-Sided Contract

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    guarantee to play out a coveted demonstration or a guarantee to avoid doing a demonstration that one is legitimately qualified for do. In a two-sided contract—an understanding by which both sides trade common guarantees—every guarantee is viewed as adequate thought for the other. In a one-sided contract, an understanding by which one gathering makes a guarantee in return for the other 's execution, the execution is thought for the guarantee, while the guarantee is thought for the execution.…

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    Australian Contract Law

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    opportunity. The interactions we encounter in the market depends on voluntary agreements between the parties, which can never become binding without a legal contract. Because contracts are at the heart of a democratic free-market economy, it is unsurprising that contractual freedom has taken a vital role in defining the term of contract law. The origin of the Australian contract law can be traced back to the development of the English common law and was brought and introduced to Australia…

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    Offer Contract Law

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    different price or terms. You can then decide whether to accept the counteroffer or continue negotiations with another offer. When an offer is made that both parties find satisfactory, the offer will be accepted and you will move forward towards closing. Contracts often become legally binding once an offer is accepted but, real estate contract law does vary somewhat by location so it may be wise to research the basic legalities of this process. The due diligence period may begin once the offer…

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    Contract Law

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    A court will likely find that Rhapsody did not breach a contract. HyunA contacted Rhapsody, the famous American choreographer, by email in an attempt to solicit her services. HyunA specifically asks, “Can I get 5 hours of popping lessons with you for $5000 on Wednesday”? Rhapsody responds to HyunA’s email stating, “I’m busy on Wednesday, but we can do it on Thursday. Deal.” Thursday arrives and HyunA shows up to Rhapsody’s studio, but she is not there. HyunA then contacts Rhapsody questioning…

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    Shrek Contract Law

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    Identify the main contract in the movie. The main contract in this movie is called Ogre for a day. The main purpose is to allow Shrek to feel like a real ogre, and to be feared by villagers again for one day. He must exchange one unspecified day of his life to Rumpelstiltskin in return. Identify the six elements of a contract as outlined in class (in your own words!) /6 Offer - a proposal made from one party to another Acceptance- acceptance of an offer to make a legally binding…

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