different contracts in place. In the text it describes a contract as “a promise or set of promises enforceable by law” (Melvin‚ 2014)‚ these contracts can be oral or written. The first contract in place is a bilateral contract‚ this contract is clearly defined in the practice theory when Big Time Toymakers offers Chou $25‚000 in exchange for “exclusive negation for a 90-day period" (Melvin‚ 2014‚ p.155) to which Chou accepted. The second part
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LAW/421 January 15‚ 2015 Robert Casey Introduction In law‚ contracts tend to be the most studied area for business majors. It is essential part of business that business owners‚ managers and entrepreneurs deal with on a day-to-day basis. According to Melvin (2011)‚ a contract is a promise or set of promises enforceable by law. So a promise made between parties that can yield consequences is nothing to play with. The potentially harmful results of these consequences is a reason enough to ask how do contracts
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Upon first glance at the Guzman hall I was filled with anxiety as well as excitement as to what was to come. Prior to this semester I had not listened to any jazz music and I was unaware of any artists or songs. Therefore going to a jazz concert was a rare experience that I now cherish. When I first entered the hall I was greeted by a group of musicians called ‘The Stamps Jazz Quintet’‚ there were 4 musicians at the front of the hall and they were taking place. The musicians included Sam Hart who
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References: Mark Udall. (n.d.). BrainyQuote.com. Retrieved on December 13‚ 2013‚ from BrainyQuote.com Web site: http://www.brainyquote.com/quotes/quotes/m/markudall505416.html Montgomery‚ Ala.‚ Breaks Ground on Material Recovery Facility. (2013‚ July 19). Retrieved from
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allow the executive branch‚ and other independent government agencies to use their power and authority over businesses and society. Administrative agencies are in charge to carry out and apply the law of statutes and the Constitution. According to Melvin (2011)‚ “these agencies are empowered to administer the details of federal statutes and have broad powers to impose regulations‚ make policy‚ and enforce the law in their designated area of jurisdiction.” ("Chapter 1‚ Administrative Law"). An example
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probability of earning $20; ● Melvin’s Bank has a one-third probability of losing $40. A. In a scenario where Melvin has $20 in capital‚ the following list contains the possible costs and benefits of the bet for Melvin and the deposit insurance fund. ● Risk of falling into debt (negative $20) is a detriment ● Chance of making $20 is a benefit (will be $40 total) Because of these costs‚ Melvin is unlikely to make the bet. On average‚ they will be even. However‚ the risk of debt makes it not worthwhile
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on TV currently Main body： In the UPS organization，employees are grouping based on technical and professional knowledge。The advantages of the functional organization means employees can get better growth prospects and promotion opportunities。(Melvin‚ M 2010)That is why employees are satisfied and UPS has a retention rate of more than 90%.。For one thing，UPS try to satisfy the individual needs to retain talent。For another，employees can objectively work by themselves。Executives also can come from
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References: Dictionary.com. (2014). Retrieved from http://dictionary.reference.com/browse/law Melvin‚ S. P. (2011). The legal environment of business A managerial approack. Retrieved from The University of Phoenix eBook Collection database.
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criminal‚ civil‚ common‚ and statutory laws while also providing an example. Last we will also cover what the United States Constitutional provisions most affect the rights of businesses and organizations. Criminal Law Criminal law according to (Melvin‚ 2011)‚ “are a protection of society‚ and the violation of criminal laws results in penalties to the violator such as fines or imprisonment.” In essence criminal law was put in place to protect the society of their individual rights. The purpose
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generically known as “a body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force” is the bond that holds the society intact. The most recognizable function is to provide some system of order. According to Melvin‚ that basic fulfillment of the law has spread to mean not only a definition of crimes and determination of punishment for violation of crimes‚ but has evolved to ensure consistency and fairness. The law has grown to promote equality and justice in
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