FIR202 Assignment #3

H4. In this question explain wrong options also and explain all step with details

COURSE: DIPLOMA IN ACCOUNTING   SUBJECT: BUSINESS & COMPANY LAW   I NEED ANSWER FOR ALL

Advanced) In some countries, there are restrictions on the length of a contract to rent an apartment. Suppose the restriction is that contracts must last for five years. In response, some people sign private agreements to rent for shorter durations, such as a year. What are the problems that might arise from signing these private agreements? What happens if there is a dispute? What role might reputations play in the enforcement of these private agreements?  

1. Provide a bibliography for the following citations below.   a. CONTRACTS: BASIC PRINCIPLES. (n.d.).       https://www.shsu.edu/klett/CONTRACTS%20BASIC%20PRINCIPLES%20ch%2010%20new.htm  b. Martella, M. H., Esq. (n.d.). ELEMENTS OF A CONTRACT | Law 101: Fundamentals of the Law. https://courses.lumenlearning.com/suny-monroe-law101/chapter/elements-of-a-contract/ c. Boots v royal pharmaceutical society. (n.d.). https://groupecomes.com/amadeus-broadway-goaaxfw/boots-v-royal-pharmaceutical-society-2f0a8f

The Hotels’ Management Contracts are considered as one of the moat important contracts in the hotels’ industry.    Explain this type of contracts?

Pls help ASAP

With reference to contract law define the following: a) offer b)acceptance c) consideration  d) intention to be legally bound  e) capacity

State whether the following contracts are considered leases under PFRS 16. Why or why not? 1. Customer enters into a contract with an aircraft owner (supplier) for the use of an explicitly specified aircraft for a two year-period. The contract details the interior and exterior specifications for the aircraft. 2. Customer enters into a contract with a manufacturer (supplier) to purchase a particular type, quality and quantity of shirts for a three-year period.

A quasi contract:   Question 3 options:   A)  is a fictional contract.   B)  may be considered an obligation imposed by law where there has been no express agreement.   C)  is based upon equitable principles.   D)  None of the selections are true.   E)  All of the selections are true.

0 1) John emailed Jane enquiring if she is willing to sell her prized breeding dog Max to him. John is currently seeking to boost his stock of breeding dogs and knows the quality of breeding dogs that Jane currently has. He pointed out in his email to Jane, that if she agrees, for her to email to him the price she is willing to sell Max for. Jane subsequently emailed John and stated, "The lowest price she is willing to accept for any of her dog Max is $10,000". John replied immediately that he agreed to buy Max for the $10,000. The next day John visited Jane with the $10,000 and to collect his dog. However, Jane refused to give him Max. John thereafter took legal action against Jane, because he was of the view that he had a valid agreement for the purchase of Max. Advised Jane on whether or not a valid agreement existed between John and her.

A contract which was required to be in writing in order to be enforceable, was made orally instead.  If both parties have completed its terms, what is TRUE about the contract?     Question 9 options:   A)  The contract was illegal from the beginning and remains illegal even though there was full performance   B)  The contract may be avoided by either party even though there was full performance   C)  The contract will be set aside by the action of the courts   D)  Since the contract has already been fully performed, a writing is not necessary.

OPM 301 Case 5 (HAND-Written, Individual submission) CASE 5A: Using Drones as SCM logistic channel Using drones to drop off packages could be great for buyers who might want to get certain items as fast as humanly possible. Back in 2013, when Amazon revealed plans to begin delivering packages via flying drones through Prime Air, some seemed skeptical about the reality of deploying such a system. Recently, Amazon doubled down on those claims by releasing information on one of its new drones in action, and it is seriously impressive. A new video presented by former Top Gear host Jeremy Clarkson (who is working on a show for Amazon) takes us through the entire process, from ordering, to warehouse launch, to delivery. The new drone looks a lot different from the one Amazon showed us a couple of years ago. This one has a more commercial and streamlined look, and instead of showing the package hanging in open air, the new drone hides the item in a square compartment. Just Google "Amazon…

1) There are two types of relationships, name them? And give some examples?    2) All contracts should be made in writing (True or False) (Justify with example or explanation)

In a word document start the first six sections of your bargaining agreement as indicated below: Preamble Article 1 – Definitions Article 2 – Parties, Recognition and Representation Article 3 – Management Rights Article 4 – Employee Rights Article 5 – General Employment Policies & Conditions Refer to Pacific County Bargaining Agreement: Do not copy and paste please thoughtful in defining each section of your agreement. Include a title page with the name of your company and the name of the bargaining unit that is represented. Additionally start a table of contents. The paper should contain one (1) inch margins on all sides, page numbers in the bottom left corners. All paragraph sections are to be double spaced, justified and all headers should be centered and bolded. Each section should be on a separate page. Please be original and please have fun!

Q.1.4 Parties who wish to enter into a legally binding contract must have the necessary legal capacity to enter into a contract, otherwise the contract will not be valid. Q.1.4.1 Explain the difference between contractual capacity and legal (2) сарacity. Q.1.4.2 Explain whether it is possible for a legal subject to possess one of the (3) above forms of capacity without the other and justify your answer.

Please solve this question.?

Provide reaction on discussion below if you agree or disgaree: Whether the limitation of liability in ADT's service contract with Melodee Lane Lingerie Co. is valid would depend on the specific terms and enforceability of that contract. Contractual limitations of liability are generally upheld if they meet certain legal criteria. However, the enforceability of such limitations can vary based on jurisdiction and the nature of the contract. Here are some factors to consider. Clear and Unambiguous Terms: For a limitation of liability clause to be valid, it should be clear and unambiguous in its language. It should not be buried in fine print or hidden within the contract. Bargaining Power: Courts may scrutinize such clauses more closely if there is a significant disparity in bargaining power between the parties. If one party had little or no opportunity to negotiate the terms, it may be viewed less favorably. Public Policy: Courts may refuse to enforce limitations on…

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a) List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement.b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.

Give an example of a contract that is illegal in Florida but legal in some other states in the United States.

Considering that you are working as a member of a construction project team of a big mall in Muscat. Your company is responsible for the site construction process of the mall. As the owner [client] of this construction project is out of the country most of the time, the client specified the requirements to the contractor, and the client would like to give the total responsibility to the contractor without any involvement in the design, manufacturing, and construction of the project. The contract strategy describes that the contractor is responsible for all of the work required. Therefore, the contractor should design, procure all parts and materials, assemble, and construct the project and handover the project to the client for operation afterward.Before the start of the work, an agreement shall be made between the client and the contractor mentioning the total cost of the project, duration and special conditions. The contractor must strictly follow mutually agreed standard form of…

3.5 Name the TWO parties to a contract.

From the information provided state which form of contract (simple or formal) is required for the following cases: a) A court judgement to perform a community service order b) An agreement to build a pool worth $45,000 c) A promise to make a gift of $50,000 d) An agreement to build a house in 18 months’ time e) A hire purchase agreement for household furniture

1. The kickback is a form of fraud often associated with purchasing. Most organizations expect their purchasing agents to select the vendor that provides the best products at the lowest price. To influence the purchasing agent in his or her decision, vendors may grant the agent financial favors (cash, presents, football tickets, and so on). This activity can result in orders being placed with vendors that supply inferior products or charge excessive prices. Required: Describe the controls that an organization can employ to deal with kickbacks. Classify each control as either preventive, detective, or corrective.    2. A recent survey of institutional investors reveals that most of them want corporate boards to be composed of at least 75 percent independent directors. Required: Write an essay explaining why director independence has become such a high-profile issue and one of great importance.

6. From taking care of risk perspective what should be done if the Impact of risk is high and likelihood of risk is low? A. Terminate B. Transfer C. Take more D. Communi cate 7. From taking care of risk perspective what should be done if the Impact of risk is low and likelihood of risk is low? A. Terminate B. Transfer С. Тake more D. Communi cate 8. The National Audit Office's report, Supporting Innovation: Managing Risk in Government Departments, mentions the risks that are most commonly identified by dep choice possible) A. Operational risk nt: financial risk, project risk, reputation-risks to and . (multiple ....... В. Market risk C. Missing an D. Complianc e risk opportunity risk

Question 4 a) With reference to contract law, identify and explain the elements that need to be present to form a valid contract? b) Under what circumstances can an offer come to an end? Discuss using case law.