Contracts: contract formation ng 1: I on on This text givesan overviewof someof the mostimportant conceptsand terminology related to what constitutes a legal contract and…

1. Banker Customer Relationship Banking is defined as “accepting for the purpose of lending or investment, of deposits of money from the public, repayable on demand or…

1. In this chapter you will: Distinguish between legal and equitable remedies Define compensatory damages Discuss when punitive damages may be sought Explain…

DEFINITION (Sec 182) An agent is a person employed to do any act for another or to represent another in dealings with third persons. The person for whom such act is done,…

1. Dangerous and risky products Deceptive selling practices Poorly constructed productsFailure to honor warranties Deceptive and unpleasant advertising 2. Safety is a commodity…

DISCHARGE OF CONTRACT DISCHARGE OF CONTRACT Meaning putting an end to the contract or termination of the contract. That the parties are no more liable under the contract.…

Chapter 5 ± OTHER ESSENTIALS OF A CONTRACT 1 ` ` ` What are the other essential elements of a valid contract? What are the rules and laws governing the elements? How do…

TOPIC Discharge of contract 24/11/2009 BY:-MANJEET RANA Discharge of contract Discharge of contract means termination of the contractual relationship between the parties.…

Intention to create legal relations In must be shown that the parties to the agreement intended to be legally bound by the agreement. Types of agreements Intention to create…

G.R. No. L-22405 June 30, 1971 PHILIPPINE EDUCATION CO., INC., plaintiff-appellant, vs. MAURICIO A. SORIANO, ET AL., defendant-appellees. Marcial Esposo for plaintiff-appellant.…