The Issues on the Fraudulent Government Contracts - Research Paper Example

Though verbal contracts are technically enforceable, the proof is hard to come by unless two disputing parties manage to agree to the facts.... Though verbal contracts are technically enforceable, the proof is hard to come by unless two disputing parties manage to agree to the facts.... Chong clearly believed that he had an agreement with Lee after he posted the letter, and he relied on that belief when creating contracts of his own with other parties to whom he planned to on-sell the bikes....

The author of this essay "Elements of a Binding Contract" touches upon the contract concept of business law.... According to the text, the basic elements of a valid contract are: 1) an offer; 2) an acceptance; 3) consideration; 4) intention to be bound; 5) mutuality; 6) capacity; and 7) legality....

hellip; the issues to be considered, in respect of the losses caused to Simon are; whether the BBL Company is liable for breach of contract, under the provisions of the contract law, whether BBL can invoke the doctrine of Frustration as a defense for non –performance of his part of the contract, and whether any remedies are available to Simon against the BBL Company....

Termination and Ending of Employment contracts in China, EuroChinaJob, Accessed January 6, 2013 [http://www.... om/en/career/113-termination-and-ending-of-employment-contracts-in-china4].... The laws were… For this purpose, the government laid down laws to stipulate conditions under which employees would be dismissed and divided them Employment Law A new labor law was developed in china after its transition from a planned to a market economy in 2008 (Batson and Shirouzo, 2010)....

As such, it became necessary for the government to outline clear guidelines to address injustices committed to bidders, and also ensure clear methodologies of sealed bidding, competitive acquisitions and strategic planning are followed at all times.... The government Accountability Office has hence become essential in reviewing tender award complaints and consequently curbing Organizational Conflicts of Interest (Koprince, 2007)....

the issues and causes are addressed by developing realist set of alternatives.... In an interview, he described the issues being faced by the company.... Liability contracts can be very useful if they are properly evaluated and implemented.... The government clients are also looked after by him.... CSC also evaluates the losses that the government has to borne in case if the company fails to deliver the services mentioned in the contract....

This change in ASIC commission behavior did not occur by itself, the main cause and event behind this changing of character and care for the investors became when Australian government started the active campaign for improving business opportunities and business investment in the country....

The absence of effective policies to run an institution or a government gives rise to the much-needed security of public property.... Researches on causes of corruption inform that corruption always lingers on the edge of excessive availability of profits such as “trade restrictions, subsidies and tax reductions, price controls, multiple exchange rates practices, and foreign exchange allocation schemes, including government-controlled provision credit” (Mauro 1998)....