Contract Law Coursework Example | Topics and Well Written Essays - 2250 words

Contract Law - Coursework Example The element of mutual agreement requires parties to agree on the terms of the contract. It stresses that the agreement must have an offer and acceptance. Finally, the element of consideration required for one party to agree to agree to a specific set of terms at an agreed price. The doctrine of consideration is one of the most crucial and controversial issues in the law of contract.1 It is crucial because for a contract to be valid, consideration must be present. In the absence of consideration, a contract is considered to be invalid and not binding to the parties involved in the contract. This is referred to as â€Å"nundum pactum†, that is, a promise made with no supporting agreement. The two main rules of a consideration are that is required to move from the promisee but does not have to move to the promisor, and it does not have to be adequate but needs to be sufficient. The cost-benefit analysis of contracts aims at making sure that parties do not enter into contracts that they will not benefit in one way or another. The doctrine of consideration has over the years developed as seen in the case of Williams v Roffey Bros. and Nicholls(Contractor)Ltd [1991] 1 QB 1.2 In this case, it is clear that little is needed in a contract for consideration to exist. However, even with consideration, not all contracts are fair, and consideration is not sufficient in dealing with these new problems. The doctrine of duress has become crucial in solving complex business relationships especially in monopoly situations. Economic duress is unacceptable uses of economic power aimed at making the victim submit to demand. Its development has affected the doctrine of consideration. Contracts are considered to be an exchange of agreements or promises between parties, which binds them legally. However, the mere fact that there is an agreement does not make a contract legal. The doctrine of consideration is very crucial yet

Environmental Audit (Data Response) Essay Example | Topics and Well Written Essays - 2000 words

Environmental Audit (Data Response) - Essay Example Together, these three indicators or drivers should adequately give an investor a clearer idea about the feasibility of any economic investment in that country. Against this background, the three key economic drivers are discussed as follows. Tax Policy of Portugal The payment of taxes is mandatory as an economic policy in almost all economies of the world. Taxes are targeted at all groups of persons living in a country, who make an earning. The tax situation is no different in Portugal. There exist two major forms of taxes in Portugal. These two major forms of taxes in Portugal are individual tax and corporate tax (Abednego, 2003). Individual tax taxes are those that are paid by earning or income making citizens and foreigners. In this direction, the Investor Glossary (2011) explains that â€Å"An individual tax return is used to determine a person's personal income tax liability. On the contrary, corporate tax may best be referred to as business tax because it is paid by people in business. It is the kind of tax that is paid by companies, organizations and institutions. Corporate taxes are generally higher than individual taxes because corporate entities are profit making bodies are believed to be earning more than individuals. Any of the two forms of taxes affect businesses and by extension the company wishing to enter Portugal. This not withstanding, the tax environment in Portugal is one that can be described not to be too hostile; especially in comparison with what exists in other countries. In Portugal, individual taxes come in different forms as far as the executives in the company seeking to enter are going to make income they are likely to pay one form of individual tax or the other. The AngloINFO Lisbon (2011) explains that individual taxes paid in Portugal include taxes on salaries, capital gains and real estate income. On the broader scene, there is a 25% individual tax paid on earnings even though â€Å"income derived from real estate is subject to a tax rate of 15 percent† (AngloINFO Lisbon, 2011). The corporate tax payment regime that exists in portugal presently is not as lucrative as it used to be before the coming of the European Union and OECD. This is because before these era, Lowtax (2011) observes that â€Å"Portugal used to offer a number of special corporate income tax regimes by which businesses either paid reduced corporate income tax rates, were exempted from certain taxes altogether or were able to artificially inflate tax deductible allowances so as to reduce taxable profits.† Today, these tax incentives do not exist any longer. There is however other prudent measures taken by the government to ensure that the payment of taxes does not become a burden unto foreign investors. On the whole, there is â€Å"25% + a municipal surcharge (up to 1.5% of the taxable income): Effective rate: 26.5%† for foreign companies and taxes are exclusively on income made only in Portugal (Emporiki Bank, 2011) . Regulatory Policy of Portugal Regulatory policy refers to the kind of rules, regulations and laws that binds businesses and corporate entities that which to establish themselves in Portugal. Contrary to the ascertion that regulatory policies are in place to sabotage the

The Role of Tragedy in Early Greek Legacy Essay Example for Free

The Role of Tragedy in Early Greek Legacy Essay Tragedies have been a big and important part of Greek culture and history. Greek tragedies are dramas performed before a large audience, usually during festivities of gods, that narrate the story of a hero and all the unusual challenges and sufferings that he has to go through in order to achieve something or learn an important lesson. Tragedies usually have complex plots wherein disasters happen one after the other and their resolutions reveal important lessons or realizations. These dramas have apparently started around the 5th century BCE, a pivotal time in Greek history that also marked a lot of their other contributions like democracy. Thespis, known as the father of drama, introduced the idea of one actor acting on stage that started the flourishing of tragic dramas (â€Å"Greek Tragic Drama†). Later on, three masters of tragedy emerged namely Aeschylus, Sophocles, and Euripides. Many of the tragedies that have survived from their time were written by these men who made Greek tragedies a real part of literature. But tragedies are not merely stories popularized just to be performed before an audience. Tragedies serve as an important expression of culture and creativity of Greek society. They are well supported by the Greek society because tragedies serve as means of reminding the Greeks of the moral lessons values that their culture upholds and believes in. The arrival of tragedies was in Greece was a very significant timing in history because it was around the time when Greek culture gaining momentum and flourishing. The â€Å"great surge in creativity catalyzed the concept of the Greek tragedy† (Reed 1). It encouraged the creation of dramas with crucial themes by presenting them as one of the highlights of festivities. A tragedy usually â€Å"depicts the downfall of a noble hero or heroine, usually through some combination of hubris, fate, and the will of the gods† (â€Å"Tragedy: the Basics†). Heroes are great men and women but remains imperfect humans capable of doing good and committing mistakes. They are not totally good nor totally bad, but they are usually prominent or greater than other people around them. They are also packaged as people destined to experience big transformations in their lives. Tragedies became avenues for the creative minds of playwrights to let their imagination and talent out. In the Greek society, tragedies also function as â€Å"lessons in behavior† because of the way they incorporate moral teachings into the changes of the lives of the heroes (Reed 1). The trials, successes, failures, and losses that the heroes experience serve as effective teaching tools for the Greeks. Tragedies convey different realities and some of the most common themes they present are that â€Å"actions do not go unpunished, and the gods work in mysterious – an often ironic – ways† (Reed 2). Since the characters of tragedies are not always perfectly virtuous, they are given certain tasks that challenge and influence the actions they take in their lives. The twists in the plots also give constant reminder of the intertwined quality of human life and the power of the wills of the gods. Tragedies function as manifestations of the reality that life is never perfect for men. They also serve as reminders for Greeks of the different experiences that could possibly happen to a human person, giving them idea what path should one take and what should be avoided. Tragedies are very easy to appreciate despite having heavy themes because they deal with specific instances of life. They revolve around adventures in families, in battles, and in religion. Tragedies usually follow relationships of people with others and with their gods as guides for their plots. Divine presence in everything in this world is a very significant character of Greek culture and many tragedies highlight the importance of faith in ones daily life. Tragedies are very important to the Greek society because they give lessons about virtue and warnings how people should live their life morally by using immense disasters that complicate a heros life. It is not easy being a hero in a Greek tragedy although â€Å"the hero need not die at the end, but he or she must undergo a change in fortune† in order to understand and live out the the different virtues of the Greek society (â€Å"Tragedy: the Basics†). The goal of every tragedy is to make the audience see what may come out with good values and what are the probable tragic events for every mistake or wrong action. These are specific warnings or reminders about life, about the use of power, and about morality as a part of everyday life. â€Å"Greek tragedies speak volumes about the lives of those dwelling in this ancient society† (Reed 3). They are representations of what was the culture of Greece in its early years. Through their plots, their characters, and the ideals incorporated in their stories, tragedies are able to preserve the culture and beliefs that the Greeks have. Tragedies have a unique way of teaching and passing on knowledge to people through the presentations on the stage. The Greeks â€Å"responded so well to this approach because their core values are being addressed in a way that enables everyone to participate† (Reed 3). Performed art was very close to the hearts of this creative and rich nation. â€Å"Classic Greek drama was a community art, not a business venture† and the dramatists are regarded with high importance in their society (â€Å"Greek Tragic Drama†). Tragedies serve the effective purpose of educating people about examples of moral actions, cleansing of souls, and other related religious and virtuous beliefs. Another significance of these tragedies is that they bind the Greeks together as one society. Tragedies are affairs that serve as a â€Å"community gathering largely sponsored by the government†(Reed 1). Presentations usually take a form of contests and have emerged to become annual events in Ancient Greece. Large venues are allotted for them because â€Å"performance of tragedies fostered a sense of community amongst the Greek people†and every citizen in the society are expected to witness them. Therefore, performances of tragedies gather thousands of people together to performances that entertain and educate, effectively passing on of political and religious messages promoted in Greek culture. Although very entertaining and usually presented in festivals, tragedies were not intended only for entertainment purposes only for they also unit the Greeks as one community. â€Å"With so many individuals, ranging from prominent politicians to peasants, a tragedy was something all people could share† (Reed 3). In a theater where tragedies are performed, people from different classes, educated or not educated, men and women, are all given the chance to appreciate and witness the tragic dramas. And through these events, people learn more about the roles of their government, their communities, and their religion in their lives. Tragedies are considered very important and significant in Greek society. Indeed, they are capable of making people more responsible in their roles in their communities and more respectful of their gods. Greek tragedies are also expressions of devotion to their gods because they describe the important role that gods play in the lives of humans. Today, a lot of tragedies still prevails and recognized as some of the most important contributions of the Greek civilization to people. They were elaborately supported by the Greek society because of the benefits they were able to share in making their community educated, prosperous, and peaceful. Tragedies usually challenge ideas of too much pride, injustice, foolishness, and other human flaws. They encourage knowledge and moral living. Tragedies present frank and definite examples of what happen to people who question the powers of gods or the intentions of the government. Because of this, they are able to nurture a citizenship well aware of the purpose and significance of their culture. Works Cited â€Å"Greek Tragic Drama. † Memphis University School. n. d. Web. 20 July, 2010. Retrieved from http://faculty. musowls. org/Sheltont/Literature/HO(gtd). htm. Reed, Sloane. â€Å"The Critical Role Greek Tragedies Played in Greek Society. † Associated Content. com 13 Nov. 2008. Web. 20 July 2010. Retrieved from http://www. associatedcontent. com/article/1180307/the_critical_role_greek_tragedies_played_pg3. html? cat=37. â€Å"Tragedy: the Basics. † Grand Valley State University. 2008. Web. 20 July 2010. Retrieved

Unemployment In Saudi Arabia And The Uk Economics Essay

Unemployment In Saudi Arabia And The Uk Economics Essay This essay will discuss a macroeconomic issue that affect to government economy. Understanding this issue is related to understand some general concept about the economic first. What is economic, what it divided to and how it related to government issues. Then after understanding these general ideas will focus on unemployment issue, what it is and how it affect to government economy. After that a comparison between unemployment in Saudi Arabia and unemployment in UK. In order to understand the issue in these countries using an analysis tool in necessary which will be PEST analysis in order to relies the reasons why that issue is important and the reason of it also. First of all what is economic, economics is a way to find how people lives process in that way which the live now. It is a measurement tool used by economics to know more about how people live. Also to find out the influences of some factors that could change these process to be better. Economics is mainly contain two part which are Macroeconomic and Microeconomic, and each part is focus on different way of study area. Macroeconomic is a field of study which related to governmental issues economy or globally and how economy fluctuate. The purpose of study macroeconomics in to understand and be able to analyze some issues such as national income, unemployment, inflation, rate of growth and price level. On the other hand, Microeconomics is discuss people decisions which related to the market. The aim of study Microeconomics is to define services and goods quantity and price, and also to discover the effect of government rules and taxes to the goods and services price, as an example of what Microeconomics study are cars prices and demand, telecom and electricity. In this essay will discuss one of Macroeconomic issue in two different countries which are Saudi Arabia and UK. The issue will focus on is unemployment, and the reasons of this issue. Then considering how it affect to the government economics. According to Donald Rutherford in his book Dictionary of Economics, he define unemployment as the stat of being part of a labor force, wanting to work, but without a job.( Rutherford, 1992, p. 473) Unemployment is defined as person who is available to work, looking for a job and does not have a job now. And some countries add more conditions to define person as unemployment, such as in Saudi Arabia mention that the person account as unemployment if the previous conditions apply on him and he accept the minimum rate of salary. And in UK they define unemployment as In the United Kingdom the definition of unemployment is someone who is in receipt of the jobseekers allowance (Parkin et al , 1997). Unemployment. Unemployment is a major problem that could affect to government economy, there are different side of that affect. Unemployment could affect to government policy, social relationships between people, economic growth, productivity and technology development. In this essay will use a tool to analyze this issue through the chosen countries and how it affect. PEST Analysis. PEST analysis based on four factors which are : Political : and it consist of governmental regulations and laws, government type and political change. Economic : which consist of growth, labor supply and labor costs. Social : and contains population growth, health and education. Technology : contain impact of technology and productivity. Unemployment in the United Kingdom. Unemployment in the UK actually is not a new problem or happen recently it started years ago and it fluctuated in high percentage to low percentage during 1855 to 1994. According to C.H.Feinstein, he mention that the percentages of unemployment in the UK changed from time to time. It reach the highest percentage in 1935 where it was 15% and almost 0% during 1945. Both of them have it own political reasons at that time. Political. There are many reasons that leads to unemployment, first political reasons: government always centralize the governmental organizations and businesses to be inside the big cities and rather than smaller one or rural side which affect that most people leave these village and move to live in big cities. And thatà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s affect to most businesses and market be only in big cities and then this country lose one or more of public sectors like education for example, and that what happen in the UK actually. Most of population be in big cities and the most of universities opened in big cities, then it will lead to lack of knowledge between people who lives in these places and cannot offer to let their children to lean in cities cause of expensive. Economic. Also there are economics reasons for unemployment in the UK, labor market are always linked with economy of these country. For example, the salary for employee in a rich country is different than other who could do the same job but in poor country. Employee lose their motivation to work because of the low payment and that affect to the company or organization productivity. Another economic reason of high percentage of unemployment is the credit crunch. Since the credit crunch happen and most of companies affected of it, they try hard to adjust their balance and the only way to do that is end a lot of their employee contract. The next chart shows that the percentages of unemployment is start to increase sharply when the world affected by credit crunch. http://www.tradingeconomics.com/Temp/United-Kingdom-Unemployment-Rate-Chart-000001.png?0b055430-d250-4215-93a4-27094745a09b Technology. Also the technology affect to spread the unemployment in United Kingdom in different ways. A lots of companies nowadays work hard to introduce machines to their company instead of human. The companies managers have their own point of view, the managers think that these electronic machines work more than the humans and at that time the productivity of the company will raise tribal. The human employee work 8 hours daily but these machines could work without break time or stop during 24 hours. Also the costs of this machines is lower than human and for future the expenses will reduce and the profit will increase and that what private sectors looking for. The new generations of robot employee will increase the rate of unemployment in UK. Social. Lora a student in a university were graduate recently from a law school. She works hard to find a job in a lawyer office, but unfortunately for her she graduate when the percentage of unemployment is high. As she not born in a rich family and cause of shortage of money she works in a clothes shop. Years after another trying hard to find a job that she looking for, but after a while she find herself stuck in the clothes shop because she cannot compete the new graduates law students. Previous example is shows how can unemployment affect socially, Lora found a solution for her problem in her way but others could not handle the unemployment like Lora. Rises of crime, alcoholism and violence are reflect of people who are jobless and have nothing to do. People who are unemployment and deal with this situation in wrong way by dealing a drug for example, easy money will be in their hand and they will never think of find a job but they will act in different way to try hard to make the worker be addict and then they will be a jobless cause they cannot do their job in the right way. If the unemployment increase the social problem will increase as will. Unemployment in the Saudi Arabia. Unemployment in Saudi Arabia in a new problem actually, the government did not face that huge increasing in unemployment like what happen recently. Unemployment rate in Saudi Arabia reach the highest percentage in Dec 2009 when reach almost 10.5 % , where the lowest percentage was during 1999 when reach 8.1 %. There are many reasons that affect to the unemployment to raise in Saudi Arabia. http://www.tradingeconomics.com/Temp/Saudi-Arabia-Unemployment-Rate-Chart-000002.png?cd318801-9e82-4d60-b5a6-41ce6853181e Political. Because of Saudi Arabia more than 50 % of its total area are desert, government did not make much effort to consider that the people who live in these areas are jobless. There is no industries inside these areas and those people who lived in desert which named Bedouins most of them are unemployment. They did not study or finish their graduation year cause of their culture enforce them to stay in their land to implant or raising camel through their childhood. They grown up and the time is change and they cannot depend on what their father used to do, but also they are not capable to work cause of lack of education. Economic. Saudi Arabia are like all other countries which affected by credit crunch, but because of the government regulations the private organizations cannot fired these employee before their contract will end. Then they companies use different way to reduce the number of the employee by adding more work to do for them. Actually that idea reduce the employee because most of them resign from work and also the company save more money than they expect. Many organization do that strategy and number of unemployment raise. Another reason of high percentage of unemployment is foreign labor. Some company hire a foreign labor cause of low cost of them and the high skills or professional employee can costs nothing comparing with local employee and with high experience in foreigner side. Technology. Technology is important in any organization in different way especially in industrial sectors. And because there are no much Saudis skilled employee who can work in these sectors, the organizations replace hiring Saudis with foreigner. Most of Saudis cannot handle to use technology in their work, not at this time actually, that raise the percentage of unemployment. Companies always looking to professionals in a way of reduce the cost of labor by using technology. Social.

Technology Used on the Military Battlefield Essay examples -- Computer

Technology Used on the Military Battlefield In today’s busy world of technology, where it seems like we can hardly keep up with the daily advances being made, the United States Military is posed on the cutting edge. The military spends billions of dollars each year on electronic technology research with private firms such as International Telegraph and Telephone Aerospace/Communications Division (ITT A/CD). There is a wide range of uses for computers on today’s battlefield. Two of the major areas include communications, and battlefield management systems. All of these systems are just parts of the military’s tactical internet. The Key factor on the battlefield is communications. Excellent communication is necessary to keep all units working in unison, both on the front lines and in tactical command and control centers in the rear element. The United States Military and ITT A/CD developed the Single Channel Ground and Airborne Radio System (SINCGARS) family. In 1988 the first SINCGAR was released for testing. At this point the SINCGAR was a basic voice only communicati...

Political Magazine: The Nations Essay -- Expository Politics Essays

Political Magazine: The Nations In 1865, a small political magazine was founded and given the name The Nation. This magazine was not meant to be a mainstream magazine that tries not to offend anyone. Rather The Nation was originally intended to provide the facts of the current issues and avoid exaggeration and political alliance with any party or sect. (The Nation’s founding prospectus, 1865) Nearly 140 years later, The Nation continues to raise eyebrows with its bold publications and political slant. Upon examining The Nation’s printed editorials and comments and the magazine’s website, it can easily be found that The Nation is a clearly liberal magazine as it has been for quite some time. In the February 18, 2002, edition of The Nation, the â€Å"Comment† section was overflowing with evidence of the magazines liberal stance. The entire column â€Å"Little but War Itself† was devoted to the disappointment of the magazine in President Bush and his State of the Union address. As the article points out, Bush seems to be an extremely meek President who does not want to say anything too risky. The author of this article, Robert L. Borosage writes, â€Å"Emboldened by success in war, Bush had little to offer but war itself† (4). This quote clearly illustrates how Borosage sees Bush as lacking the backbone to take any real stance despite his enormous approval rate brought on by the success of the United States in the War on Terrorism. Later in this article, Borosage describes Bush’s plans for the future as featuring â€Å"permanent tax cut for corporations, cuts not linked to new investment or new jobs – a simple payback to his contri butors† (4). This harsh criticism of President Bush depicts him as being more worried about returning p... ...is article could not scream the political orientation of The Nation any louder than it already does. This letter is written in the form of an open letter from Michael Moore to President Bush. The letter bluntly accuses Bush and his administration of being completely wrapped up in the Enron scandal not just involved in the scandal. It even goes so far as to say Bush allowed Enron officials to interview and pick government officials that would influence Enron and its business affairs. When reading a political news source it is important to know the political orientation of the source. The political orientation of a publication can usually be determined through examination of the opinions incorporated into the editorials and comments published. In the case of The Nation, the vast majority of articles presented offer a liberal view of the issue being discussed.

The Effect of Social Networking

The Effect of Social Networking (Facebook, Twitter, MySpace etc) For Children http://newstodaynews. com/the-effect-of-social-networking-facebook-twitter-myspace-etc-for-children/12286 Not a few teachers who are disappointed to see the students using the â€Å"chat language† as it is commonly used in social networking chat facilities, such as 2mor, msg, lol, and bk, while in English grammar lessons (English grammar).This study clearly indicates that students from various levels, from upper class to lower class, they spend more stout in social media This is a direct indication of their value on average poor and often failed to complete their homework on time. the quality of children’s homework is deteriorate because they hurry to finish. http://networkconference. netstudies. rg/2010/04/a-social-society-the-positive-effects-of-communicating-through-social-networking-sites/ By communicating online, it allows people to see past physical differences and focus on a deeper conn ection, discovering similarities that may have been previously disregarded. By forming groups of people with similar interests (particularly if the interest or hobby is not mainstream), social networking sites can create a sense of unity and belonging in people who might have previously felt alienated in society because of an inability to relate to local people.Many people form support groups through social networking sites to discover and communicate with others who have similar problems or health issues. With online social networking reducing difficulties with limited mobility, time and distance barriers and unacceptance due to stereotyping, people therefore have more access to support and the ability to improve communication with others despite illness or disability.Many educational institutions encourage learning via the Internet and social networking sites because it allows an easy communication channel for students to learn and share skills. Students enjoy educational opportun ities where lesson topics, research, creative ideas, and interactive discussions are at their fingertips Through online social networking, companies are better able to advertise to specific markets or discover, monitor and engage with loyal brand advocates. Conversely, they can also â€Å"discover disgruntled customers and realise their concerns