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Contract Essays


The government’s promise for the sponsorship

The courts presume that the vague or illusory promises are not seen as a valid contract. In the case of Placer Development Ltd v Commonwealth, the Commonwealth government sponsored an unspecific amount for Placer Development to import timber into Australia.

Enterprise Resource Planning

KEY WORDS: – (RC) Rate contract, (ERP) Enterprise Resource Planning, (ICE) Information Consolidation for Efficiency, (OEM) original equipment manufacturers, (EPC) executive purchase committee, (MM) materials management, (PR) Purchase Requisition, (PO) Purchase Order, (LOI) Letter of Intent, (EMD) Earnest Money Deposit,

Invitation to Treat

The advertisement offered by the company is an invitation to treat. Invitation to treat is a preliminary communication between the parties at the stage of negotiation. It is an attempt to induce a proposal or offer. This advertisement of the

Minors' Capacity to Contract

One of the elements constituting a valid contract is that the parties entering the contract are those who have the competency to contract. This is based on section 10 (1) of the Contract Act 1950 which states: “All agreements are

Alternative Dispute Resolution

This report will discuss the different processed for Alternative Dispute Resolution (ADR) and the advantages and disadvantages of each type. Types of ADR Negotiation This form of ADR is give and take. The parties involved engage in discussions in order

Promissory Estoppel Law

* Estoppel: situation where a person is precluded from saying something – namely the denial that a promise has been made. Protects person from the injurious consequence of reliance. * For example : creditor agrees to accept lesser sum in

Insurance and Risk Management IIA Assignment

Mr. X and Mr.B are involved in a motor accident. Both parties believe that the other is at fault for the accident occurring. Mr.B believes that Mr.X is responsible for the damage to his motor vehicle and Mr.X believes that

Sponsorships, Contracts and Right of first Refusal

Legal and regulatory updates The lessons learned from football: Sponsorships, contracts and ‘right of first refusal’ Ronald R. Urbach Received (in revised form): 8th August, 2008 Davis & Gilbert LLP, 1740 Broadway, New York NY 10019, USA; Tel: 1 (212)

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