Business Law Essay Example | Topics and Well Written Essays - 750 words - 7

Business Law - Essay Example this instance, the concept of unilateral and mutual mistakes under the Restatement (Second) of Contracts can be made use of by both the buyer and the seller. It is evident that, either both the parties made a mistake with regard to the value of the rock, or one of them (the owner through his inexperienced clerk) had made one. It is not clear in this instance whether the geologist had intentionally withheld his understanding of the rock’s value. But since the person (geologist) handed over the rock to experts for valuation, he may not be an expert and it can be assumed that it is a case of mutual mistakes. As per the Restatement (Second) of Contracts, â€Å"Where a mistake of both parties at the time of contract was made as to a basic assumption on which the contract was made has a material effect on the agreed exchange of performances, the contract is voidable by the adversely affected party unless he bears the risk of the mistake under the rule stated in 154† (Ayers, n .d.). It cannot be done in case of unilateral mistake. If it can be proved by the store owner that the geologist also made a mistake in assessing the value, he can make the contract voidable. But the geologist can take recourse to Section 154 mentioned above. Applying clause (b) of the section, the store owner had only limited knowledge about the stone and gave it to the geologist in the premise that he will have fairly good knowledge because of his professional qualifications. It is difficult to prove whether a person has limited or full knowledge of a product being exchanged in a contract. The store owner showed that he had limited knowledge, but not the geologist. In this instance there is every chance that the geologist may get full legal ownership of the stone. Since an employee is an agent of the employer, it does not matter whether the deal was done by the former. The choice of using the unconscionability clause is open to the store owner, but it is doubtful whether it can ov erride the

Information Technology Project Research Proposal

Information Technology Project - Research Proposal Example Being an IT student, keeping only objectives in hand don't completes my traits. Though it is the world of proofs and proving objectives with the presentations and documentations. Every deliverable clutches some fundamentals of this project. Deliverables till the end of the project will be as per defined: This is the first deliverable that embrace the contents about Information Technology. What is Information Technology When it is started Since then how it is improved What is the status of Information Technology now days What kinds of projects and their importance in real world Etc. This document is a small thesis on Information Technology with a little introduction to the real topic. This deliverable accomplish first three above-mentioned objectives of the project. A sample of professionals is gathered to have a little talk upon the topic. Few famous and well-known software houses are being listed. Moreover to reach these software houses and contact the entire professionals, references are gathered. This list along with the professional names holds their contacts, their references and name of people they are reference by. Reason to make them our samples. This deliverable, strengths up our project research and help in the accomplishment of our forth above mentioned objective. Questionnaire For IT Professionals This deliverable is a complete document carrying related questions focusing the topic and finding what may be the reasons or strategies to avoid projects to be failed. This deliverable is submit to get the approval from the supervisor for proceedings. The questionnaire holds both close-ended and open-ended questions related to their experience and professionalism. Interview Details With Project Managers A detail interview is held with different project managers of different software houses who talk about different strategies to manage a project and keeping things sufficiently arranged that it wouldn't cause a failure. This is all documented and is shown to the supervisor so that they also can agree with the conclusion at the end comes out. List of samples; Questionnaire, and this document; all three helps to achieve successfully the fourth objective. Analysis Report It includes the combine result that can be concluded from the questionnaire and interview statistically. They are represented graphically in charts and add it with their details. Thesis Last but not least, a document prepared after a complete research from interviews, questionnaire, Internet and book on the reasons for and strategies of avoiding project failure. This document includes objectives in detail, all research work, and how each and every objective is