Forward contract

13. INSPECTION OF PREMISES. Lessor and Lessor's agents shall have the right at all reasonable times during the term of this Agreement and any renewal thereof to enter the Premises for the purpose of inspecting the Premises and all buildings and improvements thereon. And for the purposes of making any repairs, additions or alterations as may be deemed appropriate by Lessor for the preservation of the Premises or the building. Lessor and its agents shall further have the right to exhibit the…

this order, Lisa and department heads will have to address profitability issues and will have to decide how to proceed to fill this order that will benefit our company needs, while still achieving profits for our company. If we agree to accept the contract from the 100,000 Alpha model units Clear Hear would be manufacturing each phone at a loss of $6 per units which I feel would be a bad business decision. A key contributor to our decision lies among our Clear Hear statement of values which…

Amy entered into a contract to rent to own a home theater setup and later while window shopping she found the same system to buy for $1000. After unsuccessfully trying to cancel her contract with High Note, she alleges that the contract is unconscionable because it calls for a sales price several times greater than the prevailing market price of the Alpo XL2. Unconscionable contract simply means one party of the contract benefits substantially over the other one (Cheeseman H. R., 2012, pp.…

In a study done by the Kauffman Foundation in 2014, they found that 25.8% of people over the age of 55 are new entrepreneurs – a huge leap in comparison to the 14.8% of people in this same category starting business in 1996. Proving once again age is nothing but a number – even more so when it comes to entrepreneurship. But what about the entrepreneurs on the opposite end of the spectrum, can you be too young to start a business? The 40 impressive kids – and millionaires- on INC list of…

A human resources policy manual, also colloquially known as an “employee handbook,” is a document which sets the tone for the company’s overall employee relationship philosophy. This document informs employees of the policies and procedures of the company who has hired them and some of their rights and responsibilities to this company (Gomez-Mejia, Balkin, & Cardy, 2016; Guerin & DelPo, 2005; Lawson, 1998). There is no particular law that requires an employer to publish a policy manual. That…

Joseph Devine’s article, “The Dangers of Texting and Driving” gives a thorough and clear explanation of the dangers of distracted driving. The author interviewed policemen and scientists who have conducted experiments and seen first hand the carnage that can be created from simply looking down at your phone. He presents a serious tone from the get go by starting his argument with the line, “Now, texting constantly while in the presence of other people is no longer rude and annoying but even…

Contracts are an integral part of society, having strong legal contractual principles gives confidence to consumers, investors and anyone who wishes to enter into a contract. Entering in a contract shows that in a primitive way that two parties are on the same page, however it is noted that a high proportion of litigation does actually stem from misunderstood contract (Duxbury (2011)).In this scenario Gary believes he has a valid contract with Mike and is disappointed to learn that Mike has sold…

behavior. (Robertson, 2002). I’ll use reliable references, case law examples and legislation to support my work and provide you with legitimate research. I’ll be talking about the three events that’ve occurred at the Grove Theatre in Salford. In Contract Law I’ll be talking about the variance between an offer and invitation to treat, and the variance between condition and warranty. In Tort Law I’ll be talking about vicarious liability and seeing if this applies to Wicked Theatres Group Ltd.…

Contract will not stand, unless the parties intend to enter into a legal relationship and be legally bound by it. For example Wakeling v Ripley [1951] 51 SR (NSW) 183, Mr Ripley promised to transfer his properties to his sister and her spouse after he died and would provide accommodation there until then. After one year, the parties quarrelled, Mr Ripley sold his house and changed his will. Mr and Mrs Wakeling sued for breach of contract. The court ruled that in the circumstances…

The legal position of both parties are dependent on whether or not a contract is formed. In this case it must be examined if both Ellie and Hasla had an intention to form legal relations with each other. The intention to create legal relations is defined merely as two or more parties who agree to be bound by the law in an agreement. This doctrine must be differentiated between commercial agreements – where an intention is generally presumed – and social agreements, where courts have agreed are…