Tag: Contracts
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Electronic Contract Creation
Electronic Contract Creation In his Book “Implicity of Electronic Contract Formation: With Reference to Email and Website Copyright” (2009), Taimur Inayat Malik wrote: “A contract can be created in numerous ways varying from either being created orally, electronically, or in writing. This is evidenced by section 4 of the Sale of Goods Act 1979 which…
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Religious Service
Business, Religious Service From the book The Clergyman's Hand-book of Law, about Business, Religious Service (1): A church organization has the legal right to make any contract concerning its own affairs that is not prohibited by its by-laws or its charter, subject to all laws of legal […]
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Religious Service
Business, Religious Service From the book The Clergyman's Hand-book of Law, about Business, Religious Service (1): A church organization has the legal right to make any contract concerning its own affairs that is not prohibited by its by-laws or its charter, subject to all laws of legal […]
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Future Contract
Future Contract in International Trade Meaning of Future Contract, according to the Dictionary of International Trade (Global Negotiator): A contract for the future of delivery of a commodity, currency or security on a specific date. Currency future contracts are for standard quantities over […]
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Warranty
In marine insurance contracts, either an exemption from or limitation to the policy, or a promissory warranty whereby the insured agrees to do, or not to do, some particular act. Failure to adhere strictly to a promissory warranty may invalidate a contract of insurance, whether or not the […]
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Carriage Contract
Carriage Contract in International Trade Meaning of Carriage Contract, according to the Dictionary of International Trade (Global Negotiator): An agreement between a carrier and another party for transportation. The other party will normally be the seller (or seller's agent) with freight […]
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Carriage Contract
Carriage Contract in International Trade Meaning of Carriage Contract, according to the Dictionary of International Trade (Global Negotiator): An agreement between a carrier and another party for transportation. The other party will normally be the seller (or seller's agent) with freight […]
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Longshoreman
A person employed in the loading and unloading of a vessel and the handling of cargo in and about the harbor area. The term longshoreman is often confused with stevedore; the latter is a firm contracted by the vessel to provide loading and unloading services, and employing longshoremen. …
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Longshoreman
A person employed in the loading and unloading of a vessel and the handling of cargo in and about the harbor area. The term longshoreman is often confused with stevedore; the latter is a firm contracted by the vessel to provide loading and unloading services, and employing longshoremen. …
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Unenforceable Contract
Unenforceable Contract in International Trade Meaning of Unenforceable Contract, according to the Dictionary of International Trade (Global Negotiator): A contract that is valid, but which the court will not enforce because of some defect such as nondisclosure, an extraordinary event or other […]
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Forfeiture
Introduction to Forfeiture Forfeiture, loss of a right or privilege as a penalty for breaking a law or contract. Forfeiture can be a penalty for committing a crime, such as forfeiture of a car used to smuggle drugs, or a remedy for breaking a legal obligation, such as foreclosure on a house …
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Forfeiture
Introduction to Forfeiture Forfeiture, loss of a right or privilege as a penalty for breaking a law or contract. Forfeiture can be a penalty for committing a crime, such as forfeiture of a car used to smuggle drugs, or a remedy for breaking a legal obligation, such as foreclosure on a house …
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Forward Exchange Contract
An agreement to exchange, at a specified future date, a fixed number of units of one currency for a fixed number of units of another currency. Such contracts are often procured by merchants when they must settle future accounts in a foreign currency and wish to protect against possible losses […]
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Forward Exchange Contract
An agreement to exchange, at a specified future date, a fixed number of units of one currency for a fixed number of units of another currency. Such contracts are often procured by merchants when they must settle future accounts in a foreign currency and wish to protect against possible losses […]
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Warehouse Receipt
A document issued by a public warehouseman, acknowledging receipt of and title to specific merchandise held in the warehouse. Such receipts are issued in accordance with the provisions of the U.S. Uniform Commercial Code, where applicable, or the U.S. Uniform Warehouse Receipt Act. Warehouse […]