In contract law, consideration is the benefit received by each party in a contract. It must move from the promisee to the promisor, meaning that the promisee must provide something of value in exchange for the promise made by the promisor for the contract to be legally binding. This ensures that both parties are giving and receiving something in the agreement.

To have a competitive chance of getting into Yale, students typically need to maintain a high GPA, ideally close to a straight-A average. Additionally, excelling in challenging courses, participating in extracurricular activities, and scoring well on standardized tests like the SAT or ACT are also important factors in the admissions process.

Non-discrimination means treating all individuals fairly and equally without bias or prejudice based on characteristics such as race, gender, religion, or disability. It implies offering the same opportunities and access to resources to everyone, regardless of their background or differences.

"Very truly yours" is a letter ending statement emphasizing that the contents of the correspondence were composed with the utmost dignity and integrity. The use of the phrase "very truly" highlights the author's good faith attempt at providing you with truthful, accurate information. "Very truly yours" is often used by attorneys.

Yes, a proprietor can designate themselves as the CEO of the company they own. As the sole owner and decision-maker of the business, they have the authority to assign themselves any title they choose, including CEO.

"Port of landing" refers to the specific port or harbor where a ship or vessel arrives or docks. It is the final destination for a particular voyage or journey by sea.

"The Decade of Change" typically refers to a period of ten years characterized by significant shifts or transformations in various aspects of society, culture, politics, or technology. It signifies a time of evolution or revolution in certain areas that have a lasting impact on the following years.

One disadvantage for a company that goes public is increased regulatory requirements and compliance costs. Public companies are subject to more stringent reporting and disclosure requirements, which can be costly and time-consuming to maintain. Additionally, going public means the company's financial performance and strategic decisions become more visible and scrutinized by the public and investors.

PYF stands for "Pay Yourself First." It is a financial strategy that involves setting aside a portion of your income for savings or investments before paying any other expenses. By prioritizing saving before spending, you ensure that you are building wealth and financial security for your future.

Minimum number of director in a private company is 2.

TWA flight attendants were on strike for about six months before TWA went under in 2001. The strike began in April and ended in November when TWA filed for bankruptcy.

It begins selling shares of stock in a public stock

market

When a company goes public, it sells shares of its stock to the public through an initial public offering (IPO). This allows the company to raise capital to fund growth and operations. It also enables the company's shares to be traded on a public stock exchange, providing liquidity for investors and increasing the company's visibility and credibility.

No, a private company remains private even if a public company holds a percentage of its paid-up capital. The status of a company as public or private is determined by its articles of association and the provisions of the Companies Act in the relevant jurisdiction.

Mass communication is crucial as it enables the sharing of information to a large audience simultaneously, shaping public opinion and influencing societal norms. It helps in creating awareness, educating people, and fostering social change. In today's digital age, mass communication plays a vital role in connecting individuals worldwide and shaping global conversations.

In both public and private companies, the qualifications of a director typically include relevant industry experience, strong leadership skills, integrity, independence, and a strategic mindset. Additionally, directors are expected to have a good understanding of corporate governance practices, financial acumen, and the ability to make sound decisions in the best interest of the company and its stakeholders.

There is no specific law that prohibits trying on underwear before purchase. However, many stores have policies against trying on underwear for health and hygiene reasons. It is recommended to check with the store's policies before attempting to try on underwear.

Law is a system of rules and regulations that are enforced by a government to control behavior within a society. It serves to maintain order, protect rights, and ensure justice for individuals and communities.

"Advertising" refers to the overall process of promoting a product or service to a target audience, including strategies, planning, and implementation. "Advertisement" specifically refers to a single instance or piece of promotional material created as part of the advertising process, such as a print ad, TV commercial, or online banner.

To post new classified ads for buying, selling, or trading in China and Japan, you can use popular online platforms such as Craigslist, eBay, Yahoo! Japan, or 58.com. Make sure to follow each platform's guidelines for posting ads and interacting with potential buyers or sellers to ensure a smooth transaction. Be clear and detailed in your ad to attract the right audience for your items or services.

Holdings Inc is a suffix commonly used in the names of parent companies to indicate that the company primarily holds ownership stakes in other companies, rather than engaging in operations itself. This structure allows for easier management and financial oversight of multiple subsidiary companies under one umbrella.

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An ethical code of conduct typically includes principles, values, and guidelines that govern the behavior and actions of individuals within an organization. It often covers areas such as integrity, honesty, respect, fairness, accountability, and transparency. Additionally, it may outline specific rules and standards for addressing conflicts of interest, confidentiality, and compliance with laws and regulations.

The liability of a minor partner depends on the specific terms of the partnership agreement. Generally, a minor partner is liable for their share of the partnership's losses up to the amount of their capital contribution. However, if the partnership agreement holds the minor partner as fully liable, they may be responsible for the entire loss of business.