Contract law Essay Example | Topics and Well Written Essays - 1500 words - 2

Contract law - Essay Example The courts will decide on the amount of damages and other penalties that the defendant will have to incur in return for the breach of contract. Bob’s remedy is to exhaust all extra judicial means to collect the remaining 4,000 pounds that was offered by Arthur and accepted by Bob. If the extra judicial means are not successful, then Bob can file civil charges for the collection of the remaining 4,000 pounds. Since the offer of Arthur to give the additional 4,000 pounds is accepted by Bob, there is a new contract that supersedes the prior contract. The prior contract is that Arthur Will pay Bob 25,000 pounds if Bob finishes the repair job on Arthur’s aunt’s house on the first week of December 2005. The contract is now 29,000 pounds and the new deadline is Dec 25, 2005. Bob has accomplished his part of the contract, now he can ask the courts to force Arthur to pay him the balance of $4,000 pounds. Bob should NOT pay the remaining 2,000 pounds to Eric. Bob does not have to pay the balance of 2,000 pounds to Eric because the law states since Bob did his part of the contract by paying by end of November, then Eric must do his part by collecting only his offer by receiving only the 3,000 pounds if payment was done within November. It is true that one of the requirements of a valid contract is the consent of the party being offered a contract. In this case, because Bob admitted that due to financial difficulty he couldn’t pay the 5,000 pounds to Eric within November 2005, Eric offered a contract to reduce the amount he will receive to only 3,000 pounds. Bob â€Å"accepted† the offer of Eric by his ACTION of paying his liability within the time period offered by Eric. Therefore now that Bob has done his part, Bob demands that it is Eric’s turn to push through with his contract offer to receive only 3,000 pounds. One reason for Bob’s paying on time is because of

Advanced Database Essay Example | Topics and Well Written Essays - 1250 words

Advanced Database - Essay Example atabase management system shows that it can be a perfect solution for the exponentially growing data volumes.It employs distributed computing approach and would be a perfect choice for managing such big data. The term NoSQL has been denoted as â€Å"not only SQL† by many people. It however has no any universally accepted definition. This title is affiliated to the fact that NoSQL databases do not require execution of SQL statements to query the database. It was devised by Carlo Strozzi in 1998 while referring to his Light Weight, Open Source Database that had no any SQL interface.It is designed in a manner that data storage does not take the form of schemas, thereby avoiding join operations and making it easy to scale horizontally. In 2009, Eric Evans from Rackspace Inc. also used the term while referring to databases which are distributed and non-relational, and which did not conform to the ACID properties of the traditional relational database management systems. Later discussions and use of NoSQL got an impetus that saw it growing remarkably. NoSQL is a group of eclectic non-relational data management systems in which the databases does not use the table schemas to store data. Manipulation of these databases does not rely on SQL as is the case of the conventional relational database management systems. NoSQL databases have gained much impetus due to their ability to support huge quantities of increasing data. With the application of the distributed systems concept, NoSQL databases are designed to handle massive data processed parallel across many servers, employing the use of non-SQL mechanisms and languages to manipulate data. This is achieved through various APIs that aid in converting SQL statements into the system’s innate query language. They emerged as a solution to the challenge major internet companies were facing while dealing with huge quantities of data. To guarantee data integrity, most conventional database management systems employ the aspect

W7Department-wide Information Systems Essay Example | Topics and Well Written Essays - 1500 words

W7Department-wide Information Systems - Essay Example This section will discuss the concept of â€Å"Dysfunctional departments† and problem associated to these departments. The complicatedness of dysfunctional departments bend forward to begin through unusual structures of department society that builds up when one individual or a little group of individuals make use of a crucial as well as negative pressure on friendly discourse over an extensive period of time. In this way we reached to dysfunctional departments that are recognized, not born. Sometimes high position administrators support the conditions in which intact department turns out to be dysfunctional. A dysfunctional organization or department can be dysfunctional in many ways, like that the major reason is the deprived administrative performance, and then there is also lack of business knowledge as the main reason at the back of the dysfunctional behavior. The negative internal departmental politics is also one of the main reasons at the back of the dysfunctional depa rtments (Maghroori., 2006). This section covers few main elements that are the fundamental reasons behind the dysfunctional department. All the way through this assessment we will be able to access the reason behind the failing of the information system in the dysfunctional departments. (3) Administrators are able to prevent from this progression if they are capable to become aware of it unfortunate and if they are ready to smoothly model additional positive types of collegial behavior, but frequently ignorance of the management make the overall environment more critical. In up to date business practices the information system is the fundamental need for any business. The business with an information system can be able to take an effective lead in the marketplace. The accomplishment of the information system sometimes exposes lot of realties and

Company selection Paper Week 1 Essay Example | Topics and Well Written Essays - 500 words

Company selection Paper Week 1 - Essay Example All its numbers must be in order and to provide all the necessary information about important accounting issues the company in its annual report includes a managerial discussion and analysis session. In the 2006 annual report the company referred to deferred income tax assets as an important subject matter. Deferred income tax assets are the recognition of excess taxes paid above the tax liability (Petretto, 2004). In many jurisdictions companies that have an annual loss in their income statement can obtain a tax benefit that deducts the tax liability; this also creates a deferred income tax asset. In the company’s MD&A for 2006 Pet Smart explains its method for recognizing deferred tax assets. The company establishes deferred income tax assets or liabilities for the temporary differences between the financial reporting utilizing the expected tax rates to guide the company in creating an accurate estimate (Annual Report, 2006). The company also establishes an allowance for deferred taxes in case their estimates are inaccurate. The carry forward tax privileges the company obtain after a bad fiscal year are never offset since and are utilized whenever possible according to the generally accepted accounting principles. These types of accounting transaction are occurring in many different locations throughout North America and each of them are recording and tracked independently of each other according to the fiscal laws of the state. The company follows the law closely and if there is any change in particular state law regarding the issues of deferred taxes the company makes the necessary adjustments in the account to comply with the new laws or regulations. The company keeps close relationships with state and city tax authorities and in cases when company underestimates tax liabilities it immediately settles the income tax expense