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Why are written contracts so important?
A written, signed, and notarized, and sometimes public recording, of a contract validates the terms and conditions of an agreement. It memorializes both (or all) parties acceptance on the matter.
How does the market establish the equilibrium price for crude oil?
The general term Price of Oil usually referees to the next month yet-unexpired futures contract for the Light Sweet Crude (West Texas Intermediate) oil. Thus, the equilibrium for such defined Oil Price is established by investor's expectation about supply and demand conditions for the yet-unexpired-next-month future contract. Such expectations about supply-demand conditions for the future contracts are driven both by expectations about fundamental supply-demand conditions of the real physical crude oil markets, as well as speculative so-called momentum plays.
Why was RB Bennett so important?
why was R.B Bennett so important
What terms of course of action that is selected from alternatives in light of current conditions to guide present and future decisions?
The terms of a course of action selected from alternatives in light of current conditions typically refer to a "strategic plan" or "decision-making framework." This involves evaluating the available options, considering the current context, and establishing a plan that aligns with both immediate needs and long-term goals. By doing so, organizations or individuals can make informed decisions that effectively navigate current challenges while positioning themselves for future success.
What is importance of calculating national income in an economy?
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
What is Adhesion contract?
An adhesion contract is a contract set by one party, so that the other party has little or no ability to negotiate more favourable terms and conditions.
Why are written contracts so important?
A written, signed, and notarized, and sometimes public recording, of a contract validates the terms and conditions of an agreement. It memorializes both (or all) parties acceptance on the matter.
Does surety bond end?
Yes. All surety bonds will reflect bond and premium terms in some manner. Most surety bonds are annual. A contract surety performance bond will guarantee the specific terms and conditions of the contract it references. When the job obligation is complete so is the bond.
Can you cancel your annuity contract?
Yes, you can cancel your annuity contract, but doing so may come with penalties or surrender charges, especially if you cancel within the early years of the contract. It's important to review the specific terms and conditions of your annuity, as the process and financial implications can vary widely between different products. Additionally, consider consulting with a financial advisor to understand the best course of action based on your individual situation.
What does rpt stand for in contract?
In a contract, "rpt" typically stands for "report." It may refer to a specific document or deliverable that outlines findings, progress, or other relevant information related to the terms of the contract. The exact meaning can vary depending on the context, so it's important to refer to the specific contract for clarification.
Is a contract valid if one of its terms breaks the law Why or why not?
No, a contract is not valid if one of its terms breaks the law. This is because contracts must be formed for a legal purpose and must comply with the law in order to be enforceable. If a contract includes a term that violates the law, that term is considered void and unenforceable, which may render the entire contract invalid. It is important for contracts to adhere to legal requirements to ensure their validity and enforceability.
What is the difference between explicit and implied terms?
An Implied Condition is a condition that does not appear on the contract but are Implied. e.g Implied conditions imply that both the insured and insurer have good faith in the making of a contract, that the insured has insurable intrest in the subject matter of insurance, that subject matter of insurance is in place at the time the policy is affected.Express Conditions are those which are expressed or set forth in the policy.
What are the dowry rights in Ohio?
Dowry is illegal in the US. So it would depend if you have a contract, have met the terms of that contract and if it is enforceable in the US. Ask your lawyer.
Does an executed contract have two meanings?
"Executed contract" can have two meanings.It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.It can mean that all the terms of a contract have been carried out.
What does term and conditions apply mean?
Thankfully the vast majority of consumers never have to get to grips with the meaning of the phrase "Terms and conditions apply" . The closest encounter is generally in radio adverts where this disclaimer is tacked on to the end of the advert in a very hurried voice. Often the phrase is trivialised by adding humorous comments or funny voices. The purpose of the disclaimer however is more serious and it puts the onus on the consumer to find out what these terms and conditions are. However for the consumer this is not all as bad as it might seem. Firstly the phrase "Terms and conditions apply" is a two edged sword since it is equally binding on the advertiser. They cannot rely on the terms of the contract if they are in breach of their contract obligations. Secondly, no matter what the terms and conditions say, the law implies certain conditions in consumer contracts. For instance it is implied in every consumer contract for the sale of goods that the goods will be of satisfactory quality and that they are fit for their normal purpose. Thirdly, there are certain terms and conditions which are designated in law as "unfair terms" and these terms are simply not enforceable. An unfair term is one that can cause a significant imbalance in the parties' rights and obligations, to the detriment of the consumer. An example of this is a term which gives the supplier of goods or services the right to unilaterally change the terms of the contract. Finally there is a rule of construction known as the " Contra Proferentem" rule sometimes used by the courts to resolve ambiguities in contracts. This rule interprets an ambiguity against the party who drafted the contract. Since consumers do not draft trade contracts, this means in effect that the ambiguity would generally be interpreted in favour of the consumer. So when you next hear the speeded-up voice telling you that "Terms and conditions apply" remember that if they are unfair terms they probably don't apply, and even if they are not unfair, the law is inclined to interpret them in favour of the consumer.
What are the terms and conditions of a 0 APR loan?
A 0 APR loan means you don't pay any interest on the borrowed money for a certain period, usually for a limited time. However, there may be other fees or conditions attached, so it's important to carefully read and understand the terms and conditions of the loan before agreeing to it.
What is an adhesion contract?
A contract of adhesion is where a contract exists wherein the provisions have been drafted giving one pary an unequal bargaining power. A contract of adhesion is where a contract exists wherein the provisions have been drafted giving one pary an unequal bargaining power.
