Essays on Executory

One of the variations of arbitrations can be considered from the aspect of executory and ad-hoc arbitration. The difference between the executory and ad-hoc arbitration is that in an executory arbitration, the arbitration is agreed upon or set prior to any dispute arising whereas, in the case of the ad-hoc arbitration, arbitration is agreed upon after a dispute arises. Executory arbitration is best suited for situations where parties go into a contract together. Ad-hoc is best suited in cases where disputes are not likely anticipated or where the dispute arises where parties have no form of immediate dispute resolution ...

Contracts make business matters more predictable and are integral to day-to-day business and personal life. Understanding how contracts are formed, the rules of contract law, and remedies the law has created to address harm that can result when formal contract rules do not apply, enables us to have greater control over our lives. Contract law has been shaped by judicial decisions. Judicial restraint makes the law less flexible, but more predictable. Judicial activism makes the law more flexible, but less predictable (YouTube.com).

People make promises every day. The law will enforce some but not others. Why is this? What ...

Introduction

A lease is a lawful document, which outlines the stipulations under which a certain party agrees to rent the property from the other party. Therefore, a lease is a contractual agreement that calls the lessee (the renter) to pay the lessor (the property owner) for the use of an asset. Both the US-GAAP and International Accounting Standards (IAS) affect the regulations for leasing contracts balancing process. IAS 17.3 defines it as an agreement, which expresses the right to use plant, equipment, or property, typically for a specific period, in exchange for the cash payments. The lawful property possessor is the lessor whereas the renter ...

Introduction

The law of contract that establishes the operating provisions of a contract is a facilitative law rather than a mandatory law. In that vein, contracts are entered into by parties through mutual agreement and consent. The parties are given the opportunity to set their own conditions and terms and reach an agreement that is binding and enforceable by a court of competent jurisdiction.

Objectives of this research

The objectives of this research are to: - Examine elements of a valid contract. - Provide a comprehensive and critical examination of some of the cases already head in the Supreme Court and which are related to business law. ...

Introduction

A lease is a common financing instrument used by companies in different industries. There is the purchasing option however the leasing option is better as it has more advantages. In this paper, I will show the benefits of a lease agreement and why it is preferable to the purchasing option.

Lease Agreements

The Financial Accounting Standards Board describes a lease as an agreement for the lessee to use the asset of the lessor for a specified period of time. It is the right to use another company’s plant, property and equipment. It is an agreement where the business owner pays an amount of money ...