Representations regarding character or credit, Business Law and Ethics

Representations Regarding Character or Credit

Since statements relating to a person's credit-worthiness will only be actionable whether made in pursuance of a contract that was in writing.  Conversely the Law of Contract Act by S.3 (2) states as follows as:

Hopefully "No suit shall be brought where through to charge any person upon or through reason of any representation or assurance through or given concerning or relating for the character and conduct such credit or ability or dealings of any other person for the intent or purpose such other may obtain credit and money or goods but unless such representation or assurance is completed in writing, signed through the party to be charged there with".

 

Posted Date: 1/22/2013 3:10:44 AM | Location : United States







Related Discussions:- Representations regarding character or credit, Assignment Help, Ask Question on Representations regarding character or credit, Get Answer, Expert's Help, Representations regarding character or credit Discussions

Write discussion on Representations regarding character or credit
Your posts are moderated
Related Questions
Concept of Authority - Agency Law Whether this is the oral or written permission conferred on a person through another to do a particular thin.  Thus it is a factual concept a

QUESTION 1 The global business sector has been expanding rapidly in Mauritius. Discuss the role of the FSC in this sector QUESTION 2 Tony is the director of Xservices L

MSc Finance and Management 2012-13 Ethics in Finance Ethics in Finance, Assessment Answer ALL THREE questions. This should be your own unaided work (this is an ethics assessmen

Question: a. An Ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgre

Corgi was the breeder of prize-winning pedigree dogs that often sold for very high prices. Reynolds, a wealthy businessman who had recently retired, decided to purchase one of thes

RESERVE CAPITAL: The reserve capital is defined by S.62 of the Act as the portion of the issued but uncalled capital of a limited company which the company's members, by speci

Right to prior repayment: Therefore this was not variation of class rights since the existing preference shareholders had the same number of shares (and votes at a class meeti

Question: (a) Describe the kind of organisation that you would be willing to work for as a Professional. (b) As a practicing Professional, what body of knowledge, skills

Illustrate the Maintenance Phase of policy process a) Develop a plan for active maintenance and review Who will ensure that policies are actively maintained and reviewed? H

Question 1: Mr Ben is the director of ABC Ltd. He wishes to know whether he has any responsibility under the OSHA regarding the presence of the following in his enterprise: