Law of Contract Essay Example | Topics and Well Written Essays - 2500 words

Law of Contract - Essay Example Acceptance: This refers to an expression of unconditional agreement that all the terms and conditions in the offer will be adhered to. The acceptance in this case can either be written or oral form and it should reflect the original offer made. Competent persons: In a contract the parties involved should have knowledgeable individuals who are able to handle every issue and agree to all terms and conditions having understood what all of them mean and what they require. Mutuality of obligation: This is a term used in a contract meaning that each individual involved should be ready to show commitment since it is an agreement and the duties assigned if any, should be performed as expected. These are the four main elements of a contract. Law on the other hand, refers to a system of guidelines and rules enforced in social institutions, meant to govern behaviour. Laws are usually made by legislatures in which their formation can be influenced by rights defined therein and constitution which can be written or unwritten. This essay seeks to give more information on contract law and how it applies to real life. Contract law therefore, refers to the set of terms and conditions that ought to be followed b individuals who have participated in making an agreement. Contract is based on the principle that agreements ought to be kept. Contract law is classified as habitual contract under the civil law systems. It is also known to be part of general obligation law along with unjust enrichment, tort and restitution. In this case, the essay will discuss on a condition where the contract law is applied. This essay seeks to make an accurate analysis of the problems raised by the case, identify the legal principles relevant to the case as well as the implication for the contract law and the outcome of the case. There are various sources of contract law which are: Common law Restatement Uniform Commercial Code (UCC) United Nations Convention on Contrasts for the international Sale of Goods (CISG) UNIDROIT Principles of International Commercial Contrasts. Uniform Computer Transactions Act (UCITA) Electronic Signatures in Global and National Commerce Act (E-Sign) The case here involves two main participants who are Alan and Dona. Alan is an individual who owns a restaurant that specializes in Italian food. He has recently secures a lucrative booking for a large wedding. One of the participants of the agreement is Donna who is in this case, the bride. She agrees to pay $ 30,000 for the event. This amount is enough to cater for everything to make certain that the event is successful. She goes ahead and pays $ 20,000 where it is agreed that the remaining $10,000 will be paid on the wedding day. This gives a clear impression that Donna as the bride is hiring Alan’s restaurant for the event. Charles turns out to be the chef in Alan’s restaurant. Sometime ago, he designed a beautiful Italian themed menu which will be used at the wedding. Alan is pleased wi th this menu and believes it will work best for the occasion. Alan goes ahead and tells Charles that he will offer him $50 for his effort. Alan goes right ahead and hires Charles Your Dream Builder to carry out some alteration including installing a fountain in the courtyard. Allan sees that the progress is slow and decides to offer an additional $ 1,000 for the progress to be sped up. It is agreed and the refurbishment is finished just at the right time. The wedding day comes and Donna has a wonderful

Interim Financial Reporting Essay Example | Topics and Well Written Essays - 2000 words

Interim Financial Reporting - Essay Example The fundamental goal of interim financial reporting is to present regular and timely evaluations of a business’s performance. There are certain intrinsic limitations of interim reporting. Owing to the shortened time periods involved, inaccuracies in assessment and allocation are amplified. The consequences of seasonal fluctuations, as well as momentary market circumstances, further limit the dependability, comparability and extrapolative significance of interim reports (Motiwalla, 2003). IAS 34 & Interim Financial Reporting The IFRS had formulated several accounting standards that are supposed to be observed by business organizations while preparing their accounting reports. The accounting standard IAS 34 delineates the requirements for the preparation of interim financial reports. IAS 34 is applicable when a business organisation chooses to issue an interim financial report that is compliant with the IFRSs. ... his standard also recommends codes for recognition and measurement in the preparation of comprehensive or abridged financial statements for a provisional time period. Apt and consistent interim financial reporting enhances the ability of creditors, investors and other financial report users to recognise an organisation’s financial situation and liquidity, as well as its competence to generate income and cash flow (European Commission, 2011, pp. 1-3). IAS 34 does not provide any directive as to what kinds of organisations are supposed to issue interim financial reports, how frequent issuance should be, or after what period following the completion of an interim phase an issuance should be made. Nevertheless, often all across the world, organisations whose shares are listed on exchanges and traded in markets have been required by governments and other authorities, such as securities regulators and stock exchanges, to issue interim financial reports. The International Accounting Standards Board, and later on the International Accounting Standards Committee, has repeatedly persuaded publicly listed organisations to issue interim financial reports. These interim reports are supposed to be compliant with the codes of recognition, disclosure and measurement, as defined in the IAS 34 (Deloitte, 2006, pp. 4-6). Organisations listed on exchanges are particularly pressured to prepare and issue interim financial reports at the end of the first six months of the financial year, and are typically asked to issue their interim financial reports no more than 60 days after to the completion of the interim phase (European Commission, 2011, pp. 6-8). The annual or interim financial reports of organisations are assessed individually to check their compliance with the IFRSs. If an

Project Management Article Example | Topics and Well Written Essays - 250 words

Project Management - Article Example The document is composed of several sections namely the introduction part which seeks to explain the project from the onset as well as outlining the background information regarding the project and what it aims to resolve from past actions. It needs to be very captivating so as to encourage the reader to continue with the rest of the proposal even as it seek to validate the effort spent in data collection and feasibility of the project. The second part is the strategy section which aims at outlining all the procedures that are necessary to make the proposal successful after its full implementation. The short-term and long-term goals of the project are illustrated in this part and the steps to be taken in order to accomplish each step. This part enables the target group to relate the current idea or situation with the future thus making them to prepare more for the future events. The third part relates to the budget section which analyses the costs and benefits of the project in monetary terms. This section needs a lot of supporting evidence with actual facts and figures. The final part of the project is aimed at relaying the possible outcomes of the project after it

Final Essay Example | Topics and Well Written Essays - 500 words - 1

Final - Essay Example (Plunkett 67) . On Feb 2005, Verizon approved to acquire MCI Company. The acquisition was to benefit it in terms of economics of scale and access to a wider base of customers. By the year 2006, MCI was already integrated into Verizon thus adopting the name verizon business. It then became the largest telecommunication company in the U.S In terms of its sales i.e. 75.11 billion; assets added up to 168.13 US dollars and the company had a profit of 9.4 billion US dollars. Later with the mergers of Bell South and AT and TINC, It became the largest telecommunications company based on its profits and assets in the world. (Plunkett 68) The company principality operates in the US with its headquarters in New York. It offers wireless and wireline services such as voice, network access, data services, broadband video and global internet protocol networks. Verizon communications Inc operates in more than 150 nations worldwide. Verizon voice messaging services is offered for both businesses and residences. Verizon’s Cell co partnership operates the second largest wireless telecomm network in the US In terms of the number of subscribers and revenue. It is also one of the major US carriers to utilize the CDMA technology and uses 8 billion US dollar annually in its maintenance and expansion. It offers both voice and 3G data services for example, text and picture messaging, over the air downloadable applications and wireless broadband based on EV-DO Rev A. It also carries various mobile services and phones eg LG, Motorola and Samsung. (Lutz 138) Verizon’s video services was launched in September , 2005 and uses optical fibre network to distribute more than 330 channels, 180 digital videos and music channels and 1800 video on demand titles. DSL internet services are offered to the same areas where phone services are provided. It is known to have the largest number of spammers of all networks globally. Verizon’s

Law of Contract Essay Example | Topics and Well Written Essays - 2500 words

Law of Contract - Essay Example Acceptance: This refers to an expression of unconditional agreement that all the terms and conditions in the offer will be adhered to. The acceptance in this case can either be written or oral form and it should reflect the original offer made. Competent persons: In a contract the parties involved should have knowledgeable individuals who are able to handle every issue and agree to all terms and conditions having understood what all of them mean and what they require. Mutuality of obligation: This is a term used in a contract meaning that each individual involved should be ready to show commitment since it is an agreement and the duties assigned if any, should be performed as expected. These are the four main elements of a contract. Law on the other hand, refers to a system of guidelines and rules enforced in social institutions, meant to govern behaviour. Laws are usually made by legislatures in which their formation can be influenced by rights defined therein and constitution which can be written or unwritten. This essay seeks to give more information on contract law and how it applies to real life. Contract law therefore, refers to the set of terms and conditions that ought to be followed b individuals who have participated in making an agreement. Contract is based on the principle that agreements ought to be kept. Contract law is classified as habitual contract under the civil law systems. It is also known to be part of general obligation law along with unjust enrichment, tort and restitution. In this case, the essay will discuss on a condition where the contract law is applied. This essay seeks to make an accurate analysis of the problems raised by the case, identify the legal principles relevant to the case as well as the implication for the contract law and the outcome of the case. There are various sources of contract law which are: Common law Restatement Uniform Commercial Code (UCC) United Nations Convention on Contrasts for the international Sale of Goods (CISG) UNIDROIT Principles of International Commercial Contrasts. Uniform Computer Transactions Act (UCITA) Electronic Signatures in Global and National Commerce Act (E-Sign) The case here involves two main participants who are Alan and Dona. Alan is an individual who owns a restaurant that specializes in Italian food. He has recently secures a lucrative booking for a large wedding. One of the participants of the agreement is Donna who is in this case, the bride. She agrees to pay $ 30,000 for the event. This amount is enough to cater for everything to make certain that the event is successful. She goes ahead and pays $ 20,000 where it is agreed that the remaining $10,000 will be paid on the wedding day. This gives a clear impression that Donna as the bride is hiring Alan’s restaurant for the event. Charles turns out to be the chef in Alan’s restaurant. Sometime ago, he designed a beautiful Italian themed menu which will be used at the wedding. Alan is pleased wi th this menu and believes it will work best for the occasion. Alan goes ahead and tells Charles that he will offer him $50 for his effort. Alan goes right ahead and hires Charles Your Dream Builder to carry out some alteration including installing a fountain in the courtyard. Allan sees that the progress is slow and decides to offer an additional $ 1,000 for the progress to be sped up. It is agreed and the refurbishment is finished just at the right time. The wedding day comes and Donna has a wonderful

How do sociological perspectives contribute to an understanding and Essay

How do sociological perspectives contribute to an understanding and explanation of media images of ageing and older age - Essay Example In the said analysis, this writer will elucidate upon as to why and how the type of media portrayal is what it is at present. The mass media has become an integral part of the postmodern society. Everyone, regardless of age, has some form of interaction with mass media in his life. Spring (1993) gives an estimate of how much of their leisure time elderly people (above-50) spend listening to the radio, watching television, listening to music, reading and going to the movies. His research reveals that as much as forty percent of their leisure is time dedicated to these activities. Knowing this, it is easy to see why creating a more accurate picture, if not a more compassionate and humanistic one, of the elderly’s situation in the realm of mass media, is very important. Curbing negativities in media’s portrayal of the elderly, many as they are as will be seen in the following paragraphs, should be given high priority. This is so because, it is undeniable that the mass media impacts interpersonal interaction1, affects our mental and physical health2, and, as most relevant to the proceeding discussion, the mass media greatly influence perceptions of aging and elderly people3. The images of the elderly as shown by the media vary depending on the (1) underlying purposes for which these images are created and, quite surprisingly, by the (2) type of communication medium in question. Broadly speaking, there are two types of media portrayal of the ageing population, first is the positive kind of portrayal, while the second paints a more negative picture of the group. Applying the concepts of sociology, the cause of this negative portrayal can be attributed to the phenomenon of ageism4 which will be given more attention later in this paper. For now, a more detailed presentation of the two types of portrayal is called for. Underlying purposes No great amount of intellect needs to be

Nursing Practice in Minnesota Essay Example | Topics and Well Written Essays - 750 words

Nursing Practice in Minnesota - Essay Example Center of discussion in this paper are Nursing Practice in Minnesota. Healthcare services are making rapid progress across all parts of the US and so are the nursing practices to keep pace with that development. It becomes necessary to have more clearly defined responsibility and accountability norms between RNs and LPNs so that a nursing practice, which is considered one of the most critical element to the healthcare services does not become an impediment for the improved outcomes. In fact, not only Minnesota but all major states in the US are in the process of refurbishing their nursing acts so that healthcare services could make great strides and fulfill the aspirations of the patient. RNs and LPNs both are in the healthcare system since long in the state. LPNs begin practicing after finishing their one year Practical Nursing Program. In contrast, a registered nurse is graduated with a more intense 4-year nursing program. Though qualifications differentiate them clearly but in act ual practice at many places their jobs has obscured demarcation line due to several reasons such as nursing shortages or economic challenges. The Minnesota Nurse Practice Act is in force to serve the nursing practices in the state. In 2010, The Institute of Medicine issued a report about the future of nursing and made several recommendations that nurses should practice during their education and training. Subsequent to this report and in view of the increasing complexities due to changes in techniques and technology in healthcare practices, Minnesota Board of Nursing decided to review the Nurse Practice Act so that the duties of registered and licensed practical nurses can clearly be defined. RN versus LPN – Role Differentiation As per proposed changes to the Minnesota Nurse Practice Act, registered nurse (RN) is defined as nursing practice that provides caring to all patients in any settings with or without compensation. The RN has extensive roles under Nursing Practice Act to perform. The definition differentiates from the licensed practical nurse (LPN) that carries out nursing practice under the supervision of an RN, physician, or advanced practice registered nurse (APRN) as authorized by the state. The scope of an RN encompasses full or extensive assessment that includes biopsychosocial aspects of the patient. The roles that an RN is supposed to undertake can be described in brief as per the following (Minnesota Board of Nursing 2011). a. RN will perform a comprehensive assessment of the health status of the patient. Comprehensive assessment by an RN means collecting extensive data for an individual to ascertain the actual health needs of the patient. This also takes into account any change in patient's health condition such as psychological, social, spiritual or biological so as to evaluate the impact of nursing care in reference to the various alternatives available. RN will also determine if other team members of health care team is to be consult ed. b. RN will develop an integrated plan of care in collaboration of health care team. c. RN may delegate the task to implement the plan of care so that it is effective and safe. d. RN will evaluate the outcomes of the interventions to decide about the effectiveness of the plan of care. e. RN is supposed to communicate and collaborate with other health care professionals to establish total health care plan in different settings. The RN is supposed to be aware about new techniques and practice them with full competency. f. RN will also have the responsibility to teach the theory and practice of nursing. g. RN will be accountable to Nurse Practice Act. They are expected of planning for managing situations that goes beyond the RN's expertise. Against this, an LPN will focus on the situation at hand. LPN's responsibility is to implement the plan of care as developed by the RN. It is not the responsibility of an LPN to develop a comprehensive plan and that purely rests with RNs. A focus ed assessment by an LPN is centered on appraising patient's current status; monitoring changes in patient condition; contributing to the nursing care plan; determining nursing interventions;