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What is meant by the statement 'acceptance must be made in reliance of the offer?
the four elements of the contract must be complete
You want to see reliance mutual fund online statement?
reliance mitual fund online statement hoe to view ?
State two 02 requirements which make the misrepresentation actionable?
For a representation to be actionable: 1) It must be a false statement of fact or law (not a mere puff, statement of opinion or statement of intention) from the misrepresentor 2) The misrepresentee must have placed reliance on the misrepresentation 3) It is the misrepresentation that induced him into the contract
What is the vision statement of the reliance?
i dont know haha :)
What is the mission statement of reliance fresh?
Reliance Fresh is a retail store in India. There mission statement is for their company to be the biggest economy in the world and will happen because of domestic demand.
What is the difference between expectation and reliance damages in a contract dispute?
Expectation damages in a contract dispute refer to the amount of money needed to put the non-breaching party in the position they would have been in if the contract had been fulfilled. Reliance damages, on the other hand, compensate the non-breaching party for expenses incurred in reliance on the contract, even if they do not fully cover the expected benefits.
What does 'reliance on the contract' mean?
'Reliance on the contract' refers to the expectation that all parties involved in a contractual agreement will act according to the terms outlined in the contract. It signifies that parties depend on the contract's provisions to govern their relationship and fulfill their obligations. This reliance can affect how disputes are resolved and may impact claims for breach of contract if one party fails to uphold their end of the agreement. Ultimately, it underscores the importance of contracts in providing legal certainty and predictability in transactions.
What is the difference between restitution and reliance in terms of legal remedies for breach of contract?
Restitution is a remedy that aims to restore the injured party to the position they were in before the contract was breached, by requiring the breaching party to give back any benefits they received. Reliance, on the other hand, focuses on compensating the injured party for any expenses or losses incurred in reliance on the contract being fulfilled.
What is the mission statement of Reliance communications?
reliance values being an international leader in the distribution of wireless devices and communication in providing customized logistic.
Can fraud only occur when there is reliance on a statement of fact?
Fraud typically involves reliance on a statement of fact, as it often hinges on misrepresentations that induce another party to act or make decisions based on that information. However, fraud can also occur in situations where misleading conduct or omissions lead to a deceptive outcome, even without an explicit statement of fact. Therefore, while reliance on a statement of fact is a common element of fraud, it is not the sole requirement for its occurrence.
What is reliance interest and expectation interest?
Reliance interest is the losses which the innocent party has sustained as a consequence of relying on the wrongdoer's promise. The plaintiff is put back in the pre-contract position, that is, before they sustained losses. This remedy for breach is only used when it is impossible to prove or quantify the expectation interest. Expectation interest is where the court grants the innocent party the amount that they would have gained if the contract had not been breached by the wrongdoer. This is the standard remedy for breach of a contract because it includes restitution and reliance.
What is the difference between reliance damages and expectation damages in contract law, and how do parties determine which type of damages to seek in a breach of contract case?
Reliance damages compensate a party for expenses incurred due to relying on the contract, while expectation damages aim to put the non-breaching party in the position they would have been in if the contract was fulfilled. Parties consider factors like the nature of the breach and their specific losses to determine which type of damages to seek in a breach of contract case.
