Effects And Relevance Of Contractual Relationships

Effects and Relevance of Contractual Relationships in Don Quixote Contracts govern almost every aspect of friendships, marriages, and every type of relationship in modern day society. Relationships are generally seen as just a medium for two people to share their affections, not as a contract. But this viewpoint on relationships does not display all of the intricacies involved in forming and maintaining a relationship. Looking at a broader definition of a relationship as â€Å"the way in which two or more concepts, objects or people are connected, or the state of being connected† [1] allows for many reasons to be used to form, or contract, a relationship. Certain relationship contracts are legally binding, like marriage certificates and divorce filings. Other contracts are more similar to mutual agreements, where one person will perform services or alter their behavior and in return will receive something they desire from the other member of the relationship. For example, a pa rent might promise to give their child ice cream in exchange for the child receiving good grades. Also, in a marital relationship a wife may agree to do the dishes if the husband will mow the grass. Many types of contractual relationships can be seen within Miguel Cervantes’ novel Don Quixote. Many characters and stories in this novel exemplify the effects of contractual relationships and can be related to modern day relationships. A major example of contractual relationships and their effects in DonShow MoreRelatedThe Factors That Influence Companies1447 Words   |  6 Pagesthe major driver of corporate value (Leo Sweeting 2001). Many research show that approved assets are more value relevant in firms for which information is more reliable, the quality of financial information and earnings may have improved but the relevance value of assets have declined, these findings are consistent in both pre and post adoption periods of IFRSs, still, these findings have a small influence on accounting standard makers (Craig,Oliveira, Rodrigues 2010). However, the main objectiveRead MoreMonetary Compensation For A Loss, Detriment, Or Injury? Essay1488 Words   |  6 Pagescompensation upon a specific breach, unlike unliquidated damages which are not specified in detail in the contact, but calculated by a court in response to damage or loss that the plaintiff suffers due to a breach. The relevance of the LD clause is namely to provide a contractual mechanism for the payment to the Principal by the Contractor of compensation in the event of late performance. They re mostly used in building contracts or other types of arra ngements where the contract stipulates deliveryRead MoreLegal Assignment1792 Words   |  8 PagesLEGT 2741 MAJOR ASSIGNMENT The chances of successfully enforcing the contractual agreement between Casino Ltd. and its employees depends upon the issues raised, the rules and subsequent applications that could be established by the trade union against Casino Ltd. ------------------------------------------------- Issues 1. Whether Casino Ltd. (the parent company) and Caterers Ltd. (its wholly-owned subsidiary company) are considered as separate legal entities. Additionally, whether the conceptRead MorePositive Accounting Theory2262 Words   |  10 Pagesquestions – what is the effect of reported financial statements on share price, for example? For the above issue, PAT is based on assumption about the behavior of individuals: that is Manager, investors, lender and other individuals are rational, evaluative utility maximize ® (REM). Chapter 7 - Positive Theory Positive Accounting Theory This theory attempts: 1. to explain manager’s choices of accounting methods in terms of self-interest, 2. the relationships between stakeholdersRead MoreData Collection Procedures And Sample Profile1551 Words   |  7 Pagescollaboration; investing in advanced human resource practices (Collins Clark, 2003; Chen Huang, 2009); strong brand image (e.g., marketing capabilities) (Ren et al., 2015); capability (or ease) in establishing and implementing international contractual agreements (Nakos Brouthers 2002). All the aforementioned items were measured using a five-point Likert scale (1 = Did not contribute at all and 5 = Contributed very strongly). As control variables we used firms’ age, i.e., the number of yearsRead More It Outsourcing Essay1029 Words   |  5 Pagesinformation management (IM) collects the facts the company faces and design team recommendation. Then IM request for information to numerous vendors. After compare their response with evaluation checklist which includes technical, HR, financial, contractual factors, IM conclude the feasibility of outsourcing and make recommendation for management. Then, with the Management’s approval, IM start to build best-case model and contract terms while evaluate the vendors’ proposal using evaluation checklistRead MoreThe Case Of Burmah Oil Ltd V Lord Advocate2304 Words   |  10 Pagessituation needs to be taken into careful consideration, as a different set of laws can relate in different outcomes. With different outcomes, different consequences will be bestowed. Depending on which set of laws have been called upon, the after effect can vary drastica lly. It is therefore of the utmost importance that the correct set of laws are referred to in order to determine the most accurate outcome of each individual case brought forward. It has been understood for a long time that theRead MoreThe Marine Insurance Act 19063970 Words   |  16 Pagesdisclosure and misrepresentation. Historically opinion has been divided over the origins of the duty, specifically whether it arises from an implied contractual term, or from a general obligation recognised by the common law thanks to a fiduciary relationship. Authority suggests that it is an obligation that is imposed by law, not an implied contractual term. The MIA 1906 itself originally applied only to contract of marine insurance, however it was extended to all insurance contracts on the basisRead MoreThe Rights Of The State1727 Words   |  7 PagesDirectives, in this analysis, such direct and indirect effects will be analyzed and also the liability of the state [3]. There are a number of legal effects associated with directives in given cases, while some effects are negative most of the positive ones include: Uphold the rights of poor people and reduce poverty, Improve security, improve human rights and enhance criminal justice, promote economic development, further harmonization and achievement of international regulatory standards and contestRead MoreEssay about borland case study1370 Words   |  6 Pagesintangible assets are usually less certain than tangible operational assets. Due to this uncertainty, the valuation of these assets rely upon multiple estimations, therefore the reliability of the information may not be as accurate. Additionally, the relevance of the data in the decision making process comes into question since the future benefits are unknown. Copyrights, franchises, goodwill, patents, and trademarks are just a few examples of intangible assets. Under Generally Accepted Accounting