Elements Of Essay And Its Definition On Contract

Define contract. Explain any four element of a contract

1726 WordsMay 3rd, 20147 Pages

Quantitative Applications in Management & Research

ASSIGNMENT
PROGRAM:
SEMESTER-I
Subject Name
: Quantitative Applications in Management & Research
Permanent Enrollment Number (PEN) :
Roll Number (SEN)
:
Student Name
:
INSTRUCTIONS
a) Students are required to submit all three assignment sets.
ASSIGNMENT
Assignment A
Assignment B
Assignment C
b)
c)
d)
e)

DETAILS
Five Subjective Questions
Three Subjective Questions + Case Study
40 Objective Questions

MARKS
10
10
10

Total weightage given to these assignments is 30%. OR 30 Marks
All assignments are to be completed as typed in word/pdf.
All questions are required to be attempted.
All the three assignments are to be completed by due dates (specified from time to time) and need to be…show more content…

Find the correlation coefficient between Age(X) and Blood Pressure(Y) and discuss its nature.
Find the two lines of regression.
Estimate the blood pressure of a woman whose age is 45

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Quantitative Applications in Management & Research

Assignment –
C
Ques.1 a sequence of interrelated decisions made either simultaneously or over several time periods called dynamic decisions.
a.
b.
c.
d.

dynamic decisions static decisions
Both
None

Ques.2 Stocking of an item for sale in a certain trade fair, illustrates a
a. Static decision
b. Where uncertainly exists
c. Nature is opponent.
d. All of above
Ques.3 Quantitative analysis is also called
a.
b.
c.
d.

Operations research
Management science
Quantitative techniques
All the above

Ques.4 Quantitative research provides the fundamental connection between
a. empirical observation and mathematical expression
b. empirical observation and qualitative expression
c. empirical observation and social expression
d. empirical observation and all expression
Ques.5 Most of the business decisions can be made on the basic of
a.
b.
c.
d.

Rule of thumb
Commonsense
Snap judgment.
Quantitative Techniques

Ques.6 Statistics is a branch of
a.
b.
c.
d.

applied physics applied mathematics applied commerce
Dramatics

Ques.7 The mean of 7, 12, 24, 20, 19 is
a.
b.
c.
d.

14
16
15.4
16.4

Ques.8 ∑ (X/c) =
a. ∑ ( X)/n c
b. ∑ ( X)/∑ c

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Quantitative

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I think that you will need to look at your own book to get whatever your book's author says are the four essential elements of a contract.  This is because different authorities hold that there are different elements of a contract that are essential.  For example, West's Encyclopedia of Law (see the link) holds that there are seven or eight elements that must go into every contract.

In West's, the elements are as follows:

The requisites for formation of a legal contract are an offer, an acceptance, competent parties who have the legal capacity to contract, lawful subject matter, mutuality of agreement, consideration, mutuality of obligation, and, if required under the STATUTE OF FRAUDS, a writing.

To me, the four most important elements of the contract are the offer, the competent parties, the legal subject matter, and the acceptance.  This is because these are the things that define a contract -- a contract must be between people of sound mind and legal age.  It must be about something legal in order to be binding.  There must be an offer made by one of the parties and agreed to by both.

So, those are my 4 essential elements, but your book may see things differently.

Now that I think of it, I wonder if you might be using Street Law which is a text that I have used when teaching very basic law to high school students.  It says the four elements are

  • Offer
  • Acceptance
  • Mutual agreement
  • Consideration (you have to give something in exchange for what you are getting)

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