Let me start by briefly stating what the case is all about. In the case, Hussein, an owner of an apparently very attractive car, has been offered 4000 USD by Interjeet in exchange of his car. In other words, Interjeet wanted to buy Hussein’s car. Considering the average prices of automotive vehicles today, it would seem that 4000 USD is a steeply low price. As expected, Hussein did not give any word about Interjeet’s offer and has kept himself mum. He thought and felt that his car is worth more than what Interjeet has offered. Hussein did not ...
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In the present case, Capability Ltd has given a document which was titled as ‘Memorandum of Terms’ and at the back of this document; two clauses have been inserted by a rubber stamp. Therefore the first clause states that the company is not responsible for any personal injury that may be suffered by the customer by performing the contract. In the same way, according to the second clause, the liability of the company for any damage that may be suffered by the home of the customer is limited to the sum of 500 pounds and at the same time it also ...
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Liberalism is a political thinking whose ideology is founded on equality and liberty. Liberals are popular for their support of civil rights, press freedom, fair and free elections free trade as well as religious freedom and private property. Liberalism was not a divergent political movement until the 17th century with the endorsement of John Locke. On the other, hand, classical republicanism is a republicanism ideology which was developed in the Renaissance period. It is also known as civil humanism and is based on three main concepts. These are civic virtue, civil society and mixed government. One of the first philosophers to introduce ...
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1a.) The four main components of a contract are: offer, acceptance, consideration and intention of legal consequences. The offer is considered complete if it states in definite terms of the agreement and it must be communicated to the offeree. The offer should not only include any estimation, manifestations of interest, requests for proposals or letters of intent. The offer is different from an invitation to treat such as advertisements and shop displays where the invitation to treat is inviting an offer to be made (Richards, 2009). In this given case, the offer was made through an advertisement in several newspapers ...
20-8: A Question of Ethics New Orleans Paddlewheels, Inc. (NOP), is a Louisiana corporation formed in 1982, when James Smith, Sr., and Warren Reuther were its only shareholders, with each holding 50 percent of the stock. NOP is part of a sprawling enterprise of tourism and hospitality companies in New Orleans. The positions on the board of each company were split equally between the Smith and Reuther families. At Smith’s request, his son James Smith, Jr. (JES), became involved in the businesses. In 1999, NOP’s board elected JES as president, in charge of day-to-day operations, and Reuther as chief ...
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