Answered: What are the 6 kinds of obligation…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

8.
WRITE AN ESSAY ABOUT THOUSAND WORDS what are the key areas in which contract law has evolved from tradition concept to addressing equitable solution or complex modern day transaction and structure? How are commercial enterprises are affected by these changes?
Define the term "remedies" in the context of business law.
Discuss the following question below: Is it always possible to implement an oral contract? Yes o No and Why?
Explain Invalidity Of Regulations That Erode The Legal Status Of Employees?
A 11:31 Ο 10 & 441) 2.2 K/s 50 SALE 同 QUESTION ONE (a) (b) Explain the main purpose of law in the society and explain whether society survive and prosper without it. (10 marks) On 1 September 2021, Tau, a shop owner in Maun, sent Orapa an offer letter to Gaborone to sell Orapa lo television sets for P10, 000 apiece. The offer stated: "The offer will remain open until 30 September." On September 10, Orapa, in a telephonic conversation. told Tau: "The price is too high; I do not accept your offer." Then, on 15 September, Orapa changed his mind and sent an email stating: "I accept your September 1 offer after Page 1 of 2 all." Tau replied: "Your acceptance is too late, since you already rejected the offer." In tumn, Orapa answered: "The acceptance is good, since you promised to keep your offer open until September 30," (i) Advise Tau. (5 marks) (ii) Assuming there is a contract, when and where is it considered to have been concluded? (5 marks) [Total 20 Marks] QUESTION TWO (a) (b) Briefly…
What are some legal situation in the movie entitled Rainmake (Matt Damon) ? Explain it by siting some laws (Obligation and Contract, Business Law or Special Law)
Red Cross insurance company provide 8 million Americans with health-care financing. They paid millions of dollars for care attributable to illnesses related to tobacco use. In 1998, to recover some of this money, they sued the tobacco companies alleging fraud. They claimed that since 1953 the defendants conspired to addict millions of Americans to cigarettes and other tobacco products by misrepresenting the safety of nicotine and its addictive properties. The defendants’ success caused lung, throat, and other cancers, as well as heart disease, stroke, emphysema, and other illnesses to members of Red Cross plans, which Red Cross was required to pay. At trial, the defendants asked the court to dismiss the case on the ground that the plaintiffs did not have standing to sue. Does Red Cross have standing in this case? © a. No, Red Cross does not have standing because their claim should be filed against the insured who chose to smoke and risked these illnesses. b.…
What is a contract, and what are the key elements that must be included to make a contract legally binding?
what is the functionalist view on zero hour contracts?
a reporting script about Article 1322 to article 1326 of Chapter 2 - Essential Requisites of Contracts ( A Philippine Business Law )
What is the legal definition of a contract, and what are the requirements for a contract to be enforceable?

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What are the 6 kinds of obligation under the civil code? Site an example or situation for each of the obligation.