needs. Acme Fireworks can choose between three entities: a partnership, corporation, and limited liability company (LLC). There are pros and cons for each of the different entities. When taking into account the current personal liability, if the contracts already in place are valid, employment needs to fulfill the large orders, and defining the different types of entities, my recommendation for Acme Fireworks would be to become a corporation. Just about everyone in the United States has some personal
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that it should be honored. Outlined in MONT CODE ANN § 28-2-1602: Montana Code - Section 28-2-1602: How written contract may be altered by parties: a contract in writing may be altered by a contract in writing or by an executed oral agreement. An oral agreement altering a written agreement is not an executed oral agreement within the statute authorizing modification of written contracts by an executed oral agreement unless its terms have been fully performed, and performance on one side is not sufficient
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reading Section Four of Chapter 19, summarize offer, acceptance and consideration with respect to the UCC. The author has condensed an enormous amount of material into these five pages. I want you to be able to understand and summarize these pages by focusing mainly on these pages for your assignment. 2. When does title pass? Please cite the UCC section and give an example. Development: 1. Offer. Discuss and answer question 19-5 on offers. In 1998, Johnson Controls, Inc. (JCI) began
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Case Analysis: Lancer Gallery Executive Summary We have recommendations for Lancer Gallery based on the acceptance and the rejection of the contract proposal from the mass-distribution store. The first recommendation is for Lancer Gallery to accept the contract’s conditions. We suggest that the company increase the production of the artifacts replicas. The second recommendation is that Lancer Gallery creates two separate divisions for the company. The first division will focus on replicas while
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complexities of a contract by describing it as an exchange relationship that is established orally or in written form that is made between two or more individuals, contains at least one promise, and is recognized as a legally binding agreement (Blum, 2011). The focus of this written assignment examines the elements that must exist for a contract agreement to be considered enforceable by law. The assignment will examine the following contractual elements including: (a) offers, (b) acceptance, (c) legal consideration
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[pic] BTEC Level 5 HND in Business Module Handbook Unit 5: Aspects of Contract and Negligence for Business Unit code: Y/601/0563 QCF level: 4 Credit value: 15 credits Module Tutor: Anila Mushtaq Contact Details: anila.mushtaq@yahoo.co.uk Preferred style of contact: In the first instance, if you have any queries regarding the teaching or assessment for this module, please ask question during the lecture. If you do not receive
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is whether there is any legal contract between Mr. Power and Ms. Square and if so, what is the legal remedies for Ms. Square. Law: Contract is an agreement between two or more parties including promises by each other which they intend to be legally enforceable. A legal contract must contain the three main parts that is, agreement and legal intention, consideration. Firstly, whether it is an agreement only if there is a valid offer followed by a valid acceptance and communicated to offeree, which
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The law of contract A contract is an agreement giving rise to obligations which are enforced or recognized by law. A contract is a legally binding agreement which is enforceable in law. Formality: the law imposes no requirements regarding the form that a contract takes. Generally, a contract made orally is just as valid in law as written contract signed by both parties. 如果there is some good reason for doing so, 这时候law 就会impose requirements. 三种不同的requirements： 1. required to be made by deed (deed
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Article 1 (1) This Convention applies to contracts of sale of goods between parties whose places of business are in different States: (a) when the States are Contracting States; or (b) when the rules of private international law lead to the application of the law of a Contracting State. (2) The fact that the parties have their places of business in different States is to be disregarded whenever this fact does not appear either from the contract or from any dealings between, or from information
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General instructions for assignments Assignments The assignments are substantial exercises that you will be asked to complete at the end of a unit or section. They provide an opportunity for you to try out the knowledge and skills that you should have acquired at that stage. Each assignment should be between 3 and 5 pages or 1200 to 1500 words in length. If you have any questions or concerns about the length of your assignment contact your tutor before submitting it. Assignments should be submitted
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