ECN 340 Lecture 6: Lecture 6

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bronzesheep887

26 Mar 2011

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The new home economics: family is a firm , transforms inputs and produces the things wanted by the family. The marriage contract: marriage is a legally enforceable contract between two people. Ex: suing him for not cutting the grass: could not have a proper relationship; marriage council a better option, divorce is a dissolution of the contact, just like a break-up of a business. Investment in a marriage makes it more difficult to break-up: children, joint mortgage/bank account, etc, living together with the capacity to simply walk out may force the other party to be more considerate. Independence: making decisions in a family, family decisions require input from all members. Ex: bathroom: apportioning the family income is a (huge) cost, the forgone cost of associating with other people, the forgone choice of a better partner, list could be extended. Benefits of marriage: production of children, family style sex life less chance of std.

Related Questions

Q. You run a small janitorial service in your town. You know that a rival company has the contract to clean the public areas at the local college. You send advertisements to almost every business in town, including the college. Those advertisements focus on your all-natural cleaning products, your commitment to helping your clients recycle, and your reduction in waste. Your advertisement is accurate and widely distributed. You receive a call from the college administration asking you when you can begin your sustainable work at the college. Soon after starting, you are sued by your rival for wrongful interference. Explain whether or not your actions constitute wrongful interference.

Answer feedback: Wrongful interference with a contractual relationship requires a valid, enforceable contract between two parties, the third party with knowledge of that contract, and the intentional inducing of one party to breach that contract. In this situation, there is a valid contract between the college and your rival. You know about that contract. But your actions in advertising are not an intentional inducement to breach the contract. While you do intend to attract new clients, you sent the advertisement out broadly. This is justified or permissible interference. This is known as bona fide competitive behaviour. The college may have breached its contract with your rival, but since you did not specifically target or induce the college to intentionally breach that contract, you should not be liable.

fuchsialion363

Which document used in export financing serves the following three (3) purposes:

-Receipt for services by the firm providing carriage (e.g. steamship line, airline)

-Establishes a document of title (document of title in this instance is defined as the temporary ownership of the goods needed to allow entry into the country that the goods will be sold in)

-Establishes contractual services by the firm and seller of the goods for carriage

How would you use this document?

goldcrocodile14

We know that a contract consists of offer, acceptance, and legal consideration. However, are each of those steps enforceable? If so, what happens if a party breaches a contract? In addition, can offers and acceptance be withdrawn? How? If those elements are not withdrawn, and the contract becomes enforceable, what are the available remedies for the non-breaching party? What is the maximum recovery amount in a legal remedy? Please discuss.

ECN 340 Lecture 6: Lecture 6

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