Case Scenario: Big Time Toymaker 1. At what point, if ever, did the parties have a contract? Big Time Toymaker (BTT) granted Chou an agreement to a option contract. BTT pays Chou $25K to keep exclusive negotiation rights for a 90-day period. Therefore, BTT purchased the rights to negotiate a distribution agreement for Chou’s invention (a board game). The agreement stipulated that at the end of the 90-day period, if the parties could not come to terms on a distribution deal. Chou would be free to
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Trial Period in France The trial period allows the employer to evaluate the skills of the employee in his new position, notably regarding to his experience, the trial period has a double objective: For the employer: the supervisor carefully considers whether the employee is able to meet the standards and expectations of the job For the employee: Make sure that the job fit with his expectation and that it in his area of expertise. It’s therefore the first step of the contract of employment
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demonstrate that, in the absence of any regulation, this industry’s production will result in allocative inefficiency in the use of society’s resources. Externalities is cost or benefit from production or consumption of commodity that flow to external parties but not taken into account by market (Bajada, 2012). The impact of externalities is the distortion in allocation of resources. Externalities will cause individual to pursuit based on their self-interest. Hence, it will cause commodity not produced
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of the economics activity. Externalities occurs in a situation where the buyer and seller do not take into consideration the effect of their action on third party or where there is a spillover effect on production process, externalities also occur when the right to use of environment is in dispute which means there is a need for property right. Which is the law created for firms, individuals for the use of a resource. Whenever there is an externalities and inefficient allocation of resource by private
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stamp act congress(new york) came up with no taxation without representations inspired from Daniel Delaney “considerations” - b. The colonists justified their rebellion against the government based on the philosophy of John Lock, in which he wrote that the creation of government was formed in order to protect the natural rights granted to each human of life, liberty, and property. He therefore claimed that if the government violates these rights, the citizens have the right to revolt and claim
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real property. Estates can be classified under several general headings: 1. Estate to use: ownership obtained by deed, will or possession. Ownership was often held for a future buyer and was often used to avoid a dower right. 2. Fee Simple: highest estate or absolute right in real property – essentially absolute ownership. Can be created where it terminates under certain conditions. For example: Fee Tail – a historical fee that restricts the inheritability of land to a limited class of heirs
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Hitler spoke these words in 1920, soon after becoming leader of the newly named National Socialist German Workers' Party, commonly known as the Nazi Party. There are many contributing factors, which lead to Hitler's gain in power over the next thirteen years. The recent history of post-war Germany, and the events that would follow were of perfect conditions for the rise of an extremist party such as the Nazis. World War One had left Germany in defeat. Germany was put under immense pressure by the treaty
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what extent the inclusion of innocent, unaware third-parties in such surveillance determine whether it is legal? Employee Expectation of Privacy in the Workplace With the challenging economy, employers are finding new ways to protect their assets and increase employee performance. Whether it is through surveillance or monitoring internet usage, companies are trying to protecting what is rightfully theirs. In many companies employees privacy rights are granted by regulations and specific laws. There
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under heavy pressure from forces of modernization generated in a large part by the sustained contact with the West that began in the middle of the nineteenth century. The Western incursion, not only refined China militarily but brought in its course new ideas- nationalism, science and technology, and innovations in politics, philosophy, and art. Chinese leaders have sought to preserve the nation’s cultural uniqueness by promoting specifically Chinese blends of tradition and modernity. China has undergone
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disappointments, and internal disagreements, throughout its history, the right to vote given, then taken away, many times before it became enshrined in the United States Constitution. Through ratification by 36 states of the Nineteenth Amendment in 1920, women finally had the same rights as men, the right to be considered citizens and vote, the right to be considered equal to men. This struggle for equality and voting rights we discuss in this paper. Women’s Suffrage Movement Women’s Suffrage in
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