Standard form contract

When the controversial topic of the TPP, or Trans Pacific Partnership come up, there is argument about whether or not it is worth it. The entire document is basically impenetrable, from the length to the language. But without reading it, it may be possible to see the effects of it, just by looking at past trade agreements, NAFTA in particular. The TPP is filled with issues, many of which are being overlooked. When it comes to problems, the TPP is full of them, whether they are based on what is…

Enhanced discussion on this broad legal matter would be much appropriate if we were to define the term legal pluralism and rules of law in their respective connotations. Legal pluralism refers to a situation where at least two legal orders assert jurisdiction over the same geographical space and persons within that space; and a legal order is defined as a set of rules and practices that are oriented towards ordering relations between persons with its own source of authority. On the other hand,…

necessary to understand what “civil wrong and criminal wrong” is, so we can have a better climate to discuss what is at stake. Civil wrong is “An action with a tort, an act against another person or their property, and, a breach of the terms of a contract”. (The law dictionary). On the other hand, a criminal wrong is the breaking of rules or laws for which some governing authority can ultimately prescribe a conviction. That being said, society would address liability for civil wrong separately…

Objectives: What is a risk? What is Absolute and relative risks? Absolute versus relative risk Relative risk tells you nothing about actual risk Keeping a sense of proportion about risk What is risk? Simply put, the ‘risk’ of something happening is its chance of taking place. Absolute and relative risks? Absolute risk of a disease is your risk of developing the disease over a time period. We all have absolute risks of developing various diseases such as heart disease, cancer, stroke, etc. The…

Importance of Standard Default Clause All government contracts contain provisions that protect the interest of the government and the contractor. The provisions in a contract indicate the requirements, conditions, and the obligations for all who are involved in the contract. Provisions suggest the contractor is to conduct business during the period of a contract. Interfacing with the government is also included in the provisions. Contractors who are new to government contracting and do not…

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:…

comfortable and does not have any anxiety about the task they have. I do believe that next term, I can do much better What I have learned, by being the team leader is that I need to take charge and put my foot down. That I need to be more open to other forms of communications to prevent what transpired this term, from happening in future…

The American Dream of home ownership was no doubt sucker punched during the Great Recession and became what many wished was a nightmare they could wake from. Deep emotional scars pierced many of all ages who had lost their homes during the housing crisis. As a result, visions were blurred as they wondered whether they would ever be able to own their own home again. People who were fortunate enough to maintain their mortgages saw their home values decline. Trust in our economy was compromised in…

essentially a down payment to the owner of the house. After the contract has expired and the seller and buyer are in agreement, the house can be…

Money and wealth has badly influenced an undergoing change in our society for 21st century Americans today. We all want money and love spending money even more on food, clothes, technology, vehicles, and etc. There should be certain limit in “wanting more money”. Although money is amazing to possess, it is starting to affect people especially in the sports industry with player’s always wanting more money every year. On the other hand we have soldier in the Navy, Army, Marines, and Air Force all…