Forward contract

asking if we (Acme Fireworks) could produce multiple firework displays on a regular basis and that he had already made an offer that they both mutually agreed upon. An offer must contain an unequivocal (clear, unambiguous) promise to enter into a contract, must have reasonably certain terms, and must be communicated by the promisor (the person making the promise) to the promisee (the person to whom the promise is made) (Rogers,…

Introduction G.S Adam Junior and Bruce B. Bickham met on the 23rd day of January 1974 and struck a deal for Bickham to transact all his businesses with the bank while in return the bank was to; a) Immediately stop charging service charges on Bickham’s demand deposit accounts effective January 24th 1974 b) Lend money to Bickham and his corporations at the rate of 7.5 percent per annum c) Give Bickham and his corporations loans of a maximum of $500,000.00 d) Grant Mr. Bickham a ten year loan…

Ashley on behalf of Gridiron Association (GA), if there is a binding contract between the two parties. There are essential elements which must be satisfied for a binding contract to exist including agreement, consideration and intention to create legal relations. Agreement Offer and acceptance analysis may be used to show agreement. An offer is a statement of intention by one party to be bound by certain terms of the contract without further negotiation. Whether a statement is an offer is…

Situation (a) 1. In this case, Brock Lesnar as a member of the audit team has a borrowing guaranteed by the audit client - Richardson which is not a bank or similar institution, then according to APES 110. 290.120, a self-interest threat is created. In accordance with APES 110.290.120, if a member of the audit team accepted a loan which is guaranteed by an audit client that is not a bank or similar institution, the self-interest threat to independence would be so significant that no safeguards…

Internal Environment Analysis of MAHINDRA & MAHINDRA By Sonali Gupta Section B PGP30107 Declaration I, Sonali Gupta, do hereby declare that the report is my individual effort and that no part of the report is copied from published/unpublished sources without proper citation. Table of Contents 1. EXECUTIVE SUMMARY 3 2. INTRODUCTION 3 3. VISION AND MISSION 3 4. VALUE SYSTEM 5 5. BUSINESS POLICIES AND PRACTICES OF MAHINDRA 6 6. MANAGEMENT STRUCTURE AND NATURE 7 7. HUMAN RESOURCE AT…

Issue 1: Duty of Care The first issue involved in Michelle and Rebecca case is, did Michelle the defendant owe the plaintiff Rebecca duty of care under law of tort when Michelle offered Rebecca a ride home when she was drunk. Duty of care is referred to the legal responsibility which is compulsory to any individual that requires the reasonable care when performing any act that could direct or indirectly harm others. An essential element of duty of care is foreseeability. Rule 1 In relation…

Chinese Fireworks Industry The purpose of this analysis is to provide Jerry Yu with a recommendation on weather or not he should take his family up on their offer to invest in the village’s fireworks factory. The aim will be to conduct a Porter’s Five Forces analysis in order to determine the attractiveness of the industry. In addition, I will conclude weather this industry is in fact a “sunset” industry that is unlikely to return on Mr Yu’s investment in the long term. There is a vast threat…

1.0 Introduction: To describe the Merida v MacGuffin case we have understand what is negligence and how negligence involve in Merida v MacGuffin case. There is no precise statute that rules the law of negligence in Malaysia, therefore In West Malaysia apply the common law of England and the laws of equity as directed in England in 1956. In Sabah, and Sarawak, apply the common law of England and the rules of equity, together with statues of general application, as run or…

d. DHN Food Distributors Ltd. ran a grocery business using the premises of a subsidiary company which was formed to buy a piece of land. The subsidiary company did not have a business of its own and was wholly owned by the parent company, DHN Food Distributors Ltd. Tower Hamlets London Borough Council compusory obtained the subsidiary company’s premises to buld houes causing DHN Food Distributors Ltd. needed to wind up. The subsidiary company was paid for the premises, however Tower…

In order for someone to be found negligent the defendant must have owed the claimant a duty of care, failed to perform their duties and failed to fulfil their responsibilities, and damages must be incurred from this breach. Donoghue and Stevenson established the first duty of care by setting up the neighbour principle, the neighbour principle highlights that anyone who is solely affected by your omissions or acts is owed a doc (Duty of Care) by you. In this case Mrs Donoghue drank part of a…