Essentialia The contract of employment is an agreement between two parties in terms of which one party (Mr. Phage) places his labour potential at the disposal and under the control of the other party (Lifeline services)‚ in exchange for some form of remuneration. From this definition‚ it is clear that the essentialia of a contract of employment are 1. Work and 2. Remuneration. This contract does not meet the requirement for work because even though an ambiguous job title of ‘General Worker’
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Contract of employment Employer: Al-Futtaim real estate Company Dubai – UAE Employee: Ahmed Tarek Mohamed Sharjah – 22 Al Wahda Street UAE Place of Work: The Employee shall be based for the time being at Al-Futtaim real estate Company in Sharjah. 1. Job Function: The Employee shall be employed as Accountant 2. Probationary Period: A probationary period of three months will apply. A letter‚ notifying the Employee of his appointment to permanent staff‚ will be
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Psychological Contracts: an introduction to the concept Richard Hall Associate Professor in Work and Organisational Studies University of Sydney While the origins of the concept of ‘the psychological contract’ can be traced to the 1960s‚ the idea gained widespread currency in the academic and research fields of organisational psychology‚ organisational behaviour and HRM in the 1990s following the publication of a key article‚ then a book‚ by Rousseau (1989‚ 1995) which stimulated renewed interest
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Financial Risk Management‚ FIN3FRM Semester 2‚ 2012 Assignment 1 Q.1 An investor enters into a short forward contract to sell 100‚000 British pounds for U.S. dollars at an exchange rate of 1.9000 U.S. dollars per pound. How much does the investor gain or lose if the exchange rate at the end of the contract is (a) 1.8900 and (b) 1.9200? (2 points) Solutions: a) The investor as part of obligation for selling pounds‚ because of his obligation to sell
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Privity of Contract LGST101 Business Law Professor George Shenoy Group Members: Ue Mu En‚ Esther Goh Yue Lin‚ Sylvia Fong Li Chu Sabina Sun Chao Ng Shi Ya 1 Content Page 1. Case Summary 2. Can Brad sue Jennifer? 2.1 2.2 2.3 2.4 Validity of Contract Breach of Contract Brad cannot sue Jennifer Brad can sue Jennifer 3. Can Angelina sue Jennifer? 3.1 3.2 Angelina cannot sue Jennifer Angelina can sue Jennifer 3.2.1 3.2.2 3.2.3 Contract (Rights of
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A. Concern v Good The incident between Mr. Good and Mr. Concern is being introduced in this case. Mr. Good put up an article on The Best Daily saying that he would share half of the advertising cost for anyone who places an advertisement in Best Daily with the intention of ‘initiating major legal response to raise climate change consciousness of the people of Hong Kong’. Our client‚ Mr. Concern who responded to Mr. Good’s offer‚ placed advertisements in 15 newspapers expressing ‘support for social
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Contract law serves as your protection in every legal agreement you make in life. Contract law makes these agreements "enforceable"‚ which usually means that it gives the party the power to compensate and obtain money damages caused by the other party due to a breach of contract. The contract itself creates an obligation or duties to do and rules to follow by both parties if either of the party fails to follow the agreement‚ remedies can be provided by law if the contract is legal and has the essential
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to Jenny is not binding. Advise Jenny as to whether she has any cause of action against her father. This case pertains whether a clear promise was demonstrated to form a legal contract between Jenny and her father to determine whether Jenny has any cause of action against her father. According to the contracts act 1950‚ section 2(d)‚ when at the desire of the promisor‚ the promise or any other person has done or abstained from doing‚ or does or abstains from doing‚ or promises to do or to
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Issue: Does Pete have an enforceable contract with Debbie? Rule : : Contract formation requires mutual assent (offer and acceptance)‚ consideration‚ and no viable defenses to contract formation. 1. Is there a valid offer? Offer an offer is the manifestation of a willingness to enter into a bargain‚ in must be done in such a way that another person should understand that his assent to that bargain is invited and will conclude in forming a contract. Pete has to show that Debbie made a promise
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The existence of contract law is to prevent any sort of illegal behaviour‚ injustice and to clarify any confusion or misunderstanding amongst the offerror and the offeree. Everybody in this world is an offeree as we all purchase goods and services to meet our personal needs and if our expectations are not met‚ there is a problem which is why the contract is created for both parties to follow. However‚ if either of them fails to do so‚ then they are in breach of contract and the aggrieved party has
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