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State the Definition of equilibrium
The approach of equilibrium refinements aims at strengthening the definition of equilibrium itself in order to purge others out as possible equilibria. This is attained by putting constraints on how beliefs are formed. Agents are thereby restricted from making incredible policy promises.
XYZ Ltd has 1000 members and it has adopted a constitution. Matt is one of the directors of XYZ Ltd. Matt has made a gift of $10,000 to his wife, Melissa out of the Company's funds
Humungus Retailing Co is a large retailing organization that has expanded rapidly over the last 2 years. It now has some 50 high street outlets each employing a small core of ful
APPLIED LAWS: However section 2 of the Interpretation and General Provisions Act specified like an "applied law" as:; (a) here an Act of the legislature of another countr
Exceptions to the doctrine of Privity of contract Further there are a number of exceptions to the privity of contract rule of which the subsequent may be stated: (a) Agenc
Rule in Turquands case: This statement can be reduced to two propositions which constitute what is compositely known as "the rule in Turquand's case", namely:; i. A person
Determine the deciding factor with respect to legislature Party with most votes has been in control of the legislature, so the deciding factor with respect to legislature is th
Describe the function and structure of IAEA The function and structure of IAEA is defined in IAEA statute. IAEA has three main bodies: Board of Governors, General Conference a
Issue is sanctioned by the court - allotment of shares: Not less than one year has elapsed since the company was entitled to commence business. This provision obviates the
Common law rules: The above common law rules have been modified by the following statutory provisions: VOID ALLOTMENTS a) S.50 A renders an allotment void if it was mad
Types of transaction - reconstructions: It will be seen that methods (a) and (b) relate to specific types of transaction. They can only be used in those transactions. The fl
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