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Good Faith Bad Faith
2,374 wordsfor Lon L Fuller and Melvin Aron Eisenberg (American Casebook Series) 5 th edition. A K is a promise or a set of promises for the breach of which the law gives a remedy Except as otherwise provided, the formation of a K requires a bargain in which there isa consideration To constitute consideration, a performance of a return promise must be bargained for A promise which the promise should reasonably expect to induce action or forbearance on the part of the promisee and which does induce such act...
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Recover Damages Specific Performance
2,359 words... in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party. This section makes consideration unnecessary to the effective renunciation or waiver of rights or claims arising out of an alleged breach of a commercial contract where such renunciation is in writing and signed and delivered by the aggrieved party. Its provisions, however, must be read in conjunction with the section imposing an obligation of good faith. (Section 1 - 203). There ma...
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Commercial Transactions And International Law
732 wordsCommercial Transactions and International Law Computer information transactions play important role in expansion of American national economy. Comparing to 1990, their number has increased by 60 %. The increased complexity of these transactions has prompted National Council of Commissioners on Uniform State Laws (NCCUSL) to design a new legislation, which would be more effective in dealing with computer information transactions. The new proposed law is called Uniform Computer Information Transac...
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Sum Of Money Interest Rate
454 wordsCommercial Paper Essay According to the norms and rules of UCC the document under analysis is a negotiable commercial paper. Article 3 of the mentioned code stated that: A negotiable instrument is a signed writing that contains a promise or order to pay an exact sum of money, when demanded or at an exact future time. The instrument has all stipulated norms. The instrument meets the following four requirements authorized by Article 3 of the Uniform Commercial Code: it is in writing and signed by ...
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Recover Damages Specific Performance
5,046 wordsfor Contracts Contracts Syllabus Outline for Lon L Fuller and Melvin Aron Eisenberg (American Casebook Series) 5 th edition defined? A K is a promise or a set of promises for the breach of which the law gives a remedy? R 17: Requirement of a Bargain? Except as otherwise provided, the formation of a K requires a bargain in which there is? a consideration? R 71: Requirement of Exchange? To constitute consideration, a performance of a return promise must be bargained for? Dougherty? Plans? Note on ...
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Long Term Debt Firm
1,798 wordsThe basic thrust of the case is an examination of debt management and how active management of a debt portfolio can positively affect a firm? s performance. The case examines Union Carbide Corporation? s (UCC) approach to debt management as an illustrative example of how corporate finance practices can have a material impact on a firm? s operating results. In the early 80 s UCC was a very large firm which enjoyed a vertically integrated set of businesses that were structured to minimize the impa...
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