Consideration is a concept of legal value that is in connection with contracts. If the contract is be valid , legally binding must be exchange . If only the one of the party is offers consideration, the agreement isn’t legally a binding contract. When making a contracts ,consideration can be anything of value that promise to another. In its traditional form, considerations is a requirement that in order of parties to be able to keep a promise, they must have given something for each...
Groundwater is a natural resource that is vital for human existence. Globally, over 2 billion people depend solely on groundwater and in Asia groundwater sustains over 1.2 billion people (Tashaar et al. 2007). In India the reliance on groundwater has dramatically increased since the 1950s which in turn has had adverse effects on the quality and quantity of groundwater availability. The causes of the current groundwater problems in India are numerous. Some of the main reasons include...
Shipping law governs the relations and risks and liabilities borne by two main parties: The carriers of goods, those who are responsible for the transportation of those goods, and the shippers who pay the carriers to have their goods transported. The statement by Chuah provides that a carrier is under an absolute duty to shippers to ensure that a ship is in a seaworthy condition. Such a duty is said to apply up until the ship set sail, but ends at the sailing of the ship. This implies that any...
INTRODUCTION TO THE PROJECT This project has been written to evaluate the Human Resource Planning of an organization and how does it contribute in achieving an organization’s goals. The project critically looks at the various policies which are made to create an environment of growth and development. The evaluation considers three important areas of human resource planning:1.    Recruitment & selection planning2.   Training & development policy.3.   Staff motivation &...
The plaintiffs were contractors to the defendants under a contract in the JCT Standard Form, 1980 Private edition with Quantities. The date for completion was 28th February 1986 with liquidated damages of £700 per week. The plaintiffs did not complete the works by the completion date but were granted an extension of time on 9th March 1986 until 25th March 1986. On that day the Architect issued a certificate pursuant to clause 24.1 and on the 3rd April 1986 the defendants informed the plaintiffs...
The statement made by a party to a contract, that a thing relating to it is in fact in a particular way, when he knows it is not so. It means a false statement of fact made by one party to another party, which has the effect of inducing that party into the contract. A misrepresentation allows for a remedy of recession and sometimes damages depending on the case and type of misrepresentation.Misrepresentation can either be by words or by conduct, but not everything that has been said or have...
Did Andersons and Humphrey intend to create an enforceable contract?The law requires that the parties to the contract have to create a relationship with a legal consequence, a binding agreement between two or more persons especially one enforceable by law or the courts.Contract is a legally binding contract between parties, and gain rights and performance burdens and obligations in respect of agreement. (Gerbic & Miller, 2010, p. 134)There are three steps to address the intention:Assuming...
According to Arjunan, personal liability is imposed under section 36 of the act. Under this provision, if the membership falls below the statutory minimum of two. Any member who knowingly carries on business for more than six months is personally liable for all debts of the company incurred after the six months. Under section 121 (2), any person who is an officer of a company was liable to the holder of the bill or other negotiable instrument if he signs, issues or authorizes to be signed on...
Let me start with some facts about water. As probably everybody knows water is one of the most important sources that we have on our planet and we need for our life. For example an adult's body consist of 70% of water and also around 70% of the earth surface is covered by water (“20 Interesting,” n.d.). From all the water on the earth, 97% of it is salty and most of the left 3% is held in ice or glaciers. From those 3% less then 1% is considered to be a freshwater, which is...
1.0.1 INTRODUCTION: A contract may be defined as an agreement between two or more parties that is binding in law. This means that the agreement generates rights and obligations that may be enforced in the courts. The normal method of enforcement is an action for damages for breach of contract, although in some cases the court may compel performance by the party in default[1]. 1.0.2 THE CLASSICAL THEORY OF FREEDOM OF CONTRACT Many of the principles of English contract law were developed in the...