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- 3. A contract is a written, spoken or tacit (understood) agreementbetween two or more people, which is intended to be enforceable bylaw. Name FIVE elements of a contract that you should include for yourbusiness.QUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…Question 1Amy and Bianca intended to form a company called Flexible Co Ltd to engage in trading. Before the company was incorporated, Amy and Bianca signed a lease agreement with Fix-a- deal Co Ltd in the name of Flexible to rent an office in Tsim Sha Tsui. Three months after Flexible’s incorporation, Amy met Cyril who mentioned that he had an office of about the same size to let at a much lower rent. Amy and Bianca went to see the premises and found it very suitable for their business. They wish to repudiate the existing lease and take up a new lease with Cyril.Advise Amy and Bianca. Question 2By reference to relevant section(s) of the Companies Ordinance, explain the effects of incorporation.
- Q.23. What are the essential elements of a valid contract?explain elaborately?19) The NRC (National Research Council) of Canada is sending out a request for proposal for a very large long-term research and development project. What contract type are they most likely to use? a) fixed price b) cost reimbursable c) time and materials d) unit price 20) Payments to the seller are made in accordance with the: a) project management plan b) procurement management plan c) communications management plan d) terms of the contractWhat is Letter of Intention (LOI). What is difference between LOI and Lease Agreement?
- Kindly explain the following for remedies for breach of contract 1.Damages 2.0rder of payment 3.Specific Performance 4.Injunction 5.RescissionQuestion ONE A.Explain FIVE of the main responsibilities of a contract manager B.Illustrate the difference between the two types of contract and when is it suitable to use either of them C.Briefly illustrate any five types of the project scope that a project may encounter. D.Explain the importance of record-keeping on projectsLandowners never have a duty to protect a trespasser because they are not legally on the property. Question 3 options: a) False b) True Which of the following duties would a business owner have to a business Invitee? Question 4 options: a) To warn of foreseeable dangers. b) Guard against dangers the owner knew of or should have known of. c) Remove hidden dangers to the Invitee. d) All of the above.
- Dicuss the benefits of Mangement principal?13. With a fixed value stock bid, the only the bidding company’s shareholders face market and operational risk between the deal announcement and completion date. True/False and WHYProvide 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…