Business Law Essay Example | Topics and Well Written Essays - 1250 words - 14

Business Law - Essay Example ct to gain the protection of the law, it must satisfy the element of offer, acceptance, purpose to create legal representation, and there must be a consideration. Under the element of offer, a promisor invites a promisee to a responsibility and he makes it in such a way that he expects an acceptance from the promisee1. For example, person A offers to rent out his building to person X, for business purposes. In this example, â€Å"responsibility† is denoted by the building that person A wants to rent to person X, for business purposes. In acceptance, a promisee agrees to take up the responsibility offered by the promisor. For example, after person A offered to rent out his building to person X, person X agree to become a tenant under the conditions offered. This amounts to acceptance. For a contract to exist, it must be legally binding document. It must be recognizable by the law, and its provision acceptable by the legal principles of the nation. Finally, a valid contract must have some values exchanged, and this is termed as consideration. For instance, take our case above. He can pay either in cash, or through some valuable products. This paper also identifies the public, social and business issues that influenced the courts in their rulings. This paper has a conclusion, which is a summary of the main points addressed2. One key fact that relates to the enforceability of a contract is whether there is an element of substantial performance within a contract. This fact is better portrayed in the case involving, Jacob and Young vs. Kent (1921). In this case, the plaintiff did not build the house as per the contractual agreement with the defendant. However, the portion left was minimal, and redoing the work would have meant demolishing a large percentage of the whole building, and on this basis, the plaintiff refused to re-do it. The plaintiff won the case, as the court ruled that when there is a defect in contract performance, and it is minimal, then the concept of

The mission of Arabian Gulf cooperation council Essay

The mission of Arabian Gulf cooperation council - Essay Example In the modern world, there has been a lean on formation of trade blocks. Many countries in the world have come together to form trading blocks which acts as a platform for negotiation on matters concerning trade.In Europe there it the EU,in America there is NAFTA,in Latin America there is the MERCOSUR,and in the Middle East there is the AGCC.The Arabian Gulf Cooperation Council is the economic and political forum that coordinates policy making for at least six member states including the states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Individual countries have found it difficult to air their voices in the world on matters concerning trade and trade blocks have been found to be more influential in making trade agreements.This council was crated in May 19981 with an objective of coordinating, integrating and interconnecting the member states to work together in all fields. It was also formed with an intention of strengthening the ties between the memb er states and their people, formulating and regulating rules and regulating in economic fields. In this mandate the council was formed with an aim of putting in place regulation on economy, finance, trade, customs, tourism, legislation, administration, research and development, mining, agriculture, water and animal resources, and coordinating scientific research centers with the input of the private sector. The council does not impose trade policies upon its member states but each state put in place its own trade laws. Of recent past there is growing need for the member states to cooperate with each other on matters concerning customs duties, intellectual property, and setting of standards and coordination of intra states investments. Under the guidance of the AGCC, member states have implemented a customs union since 2003 which seeks to unify tariffs among the member states. This means at the member states have adopted some common customs laws and procedures in the trade. It also s hows that the member states have adopted a single point of entry in the region fro all international trade. It also seeks to move toward treatment of goods as national origin for member states within the GCC. This means that they would have same origin as a member block rather than indicating the origin of goods to be a particular country. After arriving at an agreement for a common market, the council is now moving towards establishing a monetary union. The country is expected to come up with a monetary union by 2010. In coming up with a common monetary union, the council expects that the economy of the region will improve and at the same time there will be increased trade with the outside world. The council has been representing the member state making trade agreements with other trade block in the world like the EU and others. It has been negotiating for free and fair trade agreements with other trade block. In particular, the council has been negotiating with the EU on harmonizing the trade between the two states with the understanding that Gulf region is home to more than 38% of the world crude reserves. (EU External Relations, 2007) The proposed work by the council One of the most important works that has been accomplished by the council is setting up of a common market. The common was launched on January 2008 and is expected to increase the trade among the countries by 25 percent by 2010 from the current 10 percent for all the foreign trade. With a combined economy of more than 700 billion US dollars, this market is expected to attract other international traders into the region. One of the proposed works by the council is the achievement of a common currency by 2010. This is expected to stir trade in the region and bring about equality among the market members. The common market aims at achieving not only free movement of goods in the region but also movement of labor and capital. Free movement of labor will even involve the right for individuals to work in

The Bureaucracy as an Effective System of Organization Essay - 2

The Bureaucracy as an Effective System of Organization - Essay Example This paper illustrates that bureaucracy as the system has grown into the complex, which over the years neither the employees nor the leadership has been able to understand and control effectively. With its main goal to control productivity of work and its successful completion, the concept of bureaucracy felt the urgent need in improving its reliability, efficiency, and effectiveness. Inside the bureaucratic organization, the concept of bureaucracy helps the leaders and managers to design their work in an effective way by breaking down the process of performance into departments that in the same time breaks down work into simpler tasks. When the organization uses the bureaucratic system, it keeps power and directs control, creating at the same time more people with limited knowledge whose actions are more mechanical. However, such structural way of performing one’s activities limits employees in their ability to execute their tasks effectively. While the organizations have too many rules and regulations, the way they work and conduct their policy is too severe toward cooperation with the other organizations and own employees. The situation has become even more alarming, as the top level of the bureaucracy has become a less effective instrument. Many people do not think regulations and procedures so important; however, bureaucracy within the organization guarantees proper and equal treatment to its all members. On one hand, the procedures and rules serve its best in order to ensure excellent performance of an organization’s activities.

What Happened to Coca Cola Companys challenges of Coca Cola Case Study

What Happened to Coca Cola Companys challenges of Coca Cola - Case Study Example Many challenges and company’s fiasco are caused by intolerant policy of the company directed on racial, gender or religious discrimination against its employees. On the example of Coca Cola failures on the basis of racial discrimination issues, it is clearly seen that careful and equitable attitude to all employees is a guarantee of the company’s success and a protection against company’s failures. What about diversity, Coke? A famous lawsuit in 1999, which accused the company of racial discrimination against black employees, even after a challenging resolution, resulted in further racial persecutions in the company (What Happened to Coca Cola? p. 264). It would be better for Coca Cola to prevent incidents of racial discrimination at work, because the major part of potential clients is ethnic minorities. Accoring to Joe Solmonese, President, Human Rights Campaign, â€Å"The Coca-Cola Company is a model employer for diversity and inclusion within its own work for ce and as a member of the larger business community. Its leadership on lesbian, gay, bisexual and transgender equality in the workplace is not only reflected in its long-standing achievement of 100 percent on the Corporate Equality Index, but in its principled support of anti-discrimination legislation that would protect every worker in the United States from being judged on the basis of their sexual orientation or gender identity† (Creating an inclusive workplace). ... In reality, it was evident that Coca Cola appreciated ethnic minorities as their customers and not employees. The Task Force underlined that it was relevant to evaluate career opportunities for white employees with career opportunities for black employees. In spite of the fact that the company hired a third of employees from ethnic minorities, top positions of the company were taken by white employees. It would be relevant to promote to the higher rank positions black employees and in such a way, other employees would realize that they have a real chance to occupy a better position in the company. That is why the majority of plaintiffs did not miss their chance and joined other plaintiffs in the famous lawsuit of 1999. People felt like having a real opportunity to renovate just and tolerant policy at workplace. Unfortunately, their hard struggle did not lead to a complete success. The issues of diversity are still believed to be invented by managers in the company. There is no proof or evidence that there are many examples of career promotion among black employees in the Coca Cola Company. Consequently, the fact that black employees felt indignant and cooperated in the name of equitable attitude at work may be justified. In accordance with Parker, steps made by black employees (plaintiffs) could be explained with regards to Parker’s triangle â€Å"The Emotional Connection of Distinguishing Differences and conflict†. He explains that emotions of black employees were hurt and they had no other way out, but to join to other claimants and to fight against racial discrimination in the company. Conclusion Thus, we can claim that Coca Cola made fake attempts to reach diversity in the company. In the majority of cases managers were just saying some words describing

Land Law Research Paper Example | Topics and Well Written Essays - 2250 words

Land Law - Research Paper Example With regards to positive covenants, there is no issue when the original covenantee seeks to claim against an original covenantor. However, complications emerge when attempts are made to make a successor in title to the original covenantor liable on the premise that the burden of the covenant has passed to them, or when successor in title to the original covenantee wishes to sue on the premise that the benefit of the covenant has passed to them. The difficulty with this is that although the burden may pass to successors in title in restrictive covenants, this rule does not apply in positive covenants. This problem can be seen in Rhone v Stephens [1994]2 where a property owner had divided his property into two, selling one (a cottage) and retaining the other. He covenanted to maintain the roof that extended over the cottage, which subsequently leaked and damaged the cottage. The cottage owners then sued the successors in title of the original covenantor. However, the House of Lords hel d that because the covenant was positive, there could be no liability. Lord Templeman stated that equity could not be used to enforce positive covenants and to do so ‘would be to enforce a personal obligation against a person who has not covenanted3.’ This was based on the principle in Keppell v Bailey [1834]4 which establishes the rule that only the benefit and not the burden runs with the land. In Haywood v Brunswick Permanent Benefit Building Society [1881]5, Cotton LJ held that covenants requiring owners to ‘put his hand into his pocket’ was not enforceable.

Case study Example | Topics and Well Written Essays - 750 words - 1

Case Study Example LVMH constitutes of 60 subsidiaries each controlling several prestigious market brands. The company is interested in five-service and product area that include leather and fashion products, jewelry and watches, cosmetics and perfumes, alcohol (spirits and wines), and selective retailing. The subsidiaries have independent management though the overall management influences operations. LVMH’s corporate strategy is defined as strategic merge of independent companies that produce different or slightly different products. The companies may be thriving in the same market region or different market region (Wendlandt & Denis 3). LVMH creation of value LVMH seeks to create value in different ways especially by providing new value, adding value to the existing brands and providing quality value. Since the company emerged, it has continually sought to create new value by searching for companies with high performance potential and signing them into the merger business. The company dynamic ally gains recognition and market ground that allow it to create new value by seeking and purchasing new brands (Hannaford 95). The cost of producing each commodity reduces by merging different production and marketing entities. Negotiating for reduced advertisement charges, raw material costs, distribution cost and other similar operation becomes easier. As a result, the quantity of specific items can increase to lure the customers. Another measure that LVMH strives to attain is setting standards that improve their brand items. This ensures improved commodity quality. Apart from the above strategies, LVMH organizes exhibitions to show case their products. Additionally, it participates in community activities to improve its image. The â€Å"LVMH Young Artistic Award† is an annual price for creativity competition for students sponsored by LVMH (Wendlandt & Denis 3). LVMH partakes in direct activities to ensure increased value by improving quality of products. These activities include formulation of vision, training, boosting technical skills to improve service, consolidating resources and interviewing new recruits. The newly employed recruits are initiated into their job environment immediately to evaluate their productivity. They later enroll in a training program to further their skill (Wendlandt & Denis 3) LVMH capacities that distinguish it from its competitors Several advantages place LVMH above its competitors. The synergies associated with its subsidiaries’ financial portfolios provide a strong financial backing. The organization can determine the benefits of each subsidiary and sponsor them accordingly (Hoskinsson, Hitt and Ireland 95). LVMH is strategically diverse especially in the market enabling the company to target and serve customers with different lifestyles. Each subsidiary provides a venture that targets different consumers. It caters for alcohol lovers as well as fashion-oriented people who do not drink. Diversification strength ens efficiency, parenting measures and increases market influence. Efficiency improves because each business benefits from links with the mother corporation. The corporation also gains from the relationship. Each separate business has numerous partnership options for coordination during distribution, research, logistics and purchasing (Thompson 145). In the event that a business encounters challenges that are difficult to address, the mother corpor

Dispositional Resistance to Change Article Example | Topics and Well Written Essays - 1250 words

Dispositional Resistance to Change - Article Example or the study is to validate that the RTC scale measures the dispositional resistance to change and that it accurately reflects ‘resistance to change’ as a personality factor that correlates appropriately with other personality factors like neuroticism, extraversion, openness to experience and agreeableness and conscientiousness. This is a significant research as earlier research into resistance to change have been confined to the environmental and external factors and how individuals may respond to change in a given situation. This study also presented a literature survey that established this fact. It presented the research by various scholars like Armenakis, Harris, & Mossholder, 1993; Bartunek, Rosseau, Rudolph, & DePalma, 2006; Fedor, Caldwell, & Herold, 2006; Kiefer, 2005; Ameniakis et al., 1993; Bartunek et al., 2006; Fedor et al., 2006; Kiefer, 2005; which either claim that resistance to change is merely behavioral issue or merely an emotional or cognitive one. The current study also dwelt on Oreg’s contention that resistance to change is more holistic and based on disposition. This is among the very few studies on the topic of resistance to change that takes the dispositional approach and indicate that resistance to change depends upon the make-up of the individuals. The findings from this study are expected to benefit organizations and managers in understanding individual resistance to change and provide insight about overcoming it. The study was conducted using an RTC scale (Oreg, 2003) and a short version of the NEO PI-R, the NEO-FFI (Costa & McCrae, 1992). The RTC scale measured the dispositional resistance to change using 17 items that had responses in the range of 1 to 6 intensity with 1 denoting strongly disagree and 6 strongly agree. The NEO-FFI is based on the FFM personality scale and it uses sixty items, 12 each per trait to measure the overall personality traits. The population selected for the study was from Norwegian University of