A contract is a legally binding agreement between two or more parties that sets out their rights and obligations towards each other. When one party fails to fulfill their obligations under the contract, it can give rise to a legal dispute. In such cases, the parties may seek resolution through the courts, which will apply contract law principles to determine the outcome of the case.
One example of a contract law case study is the case of Carlill v. Carbolic Smoke Ball Co. In this case, the Carbolic Smoke Ball Co. advertised a product called the "Carbolic Smoke Ball" that they claimed could cure influenza and other diseases. The company claimed that they would pay a reward of £100 to anyone who contracted any of the advertised diseases after using the smoke ball according to the instructions.
Mrs. Carlill purchased a smoke ball and used it as instructed, but subsequently contracted influenza. She then claimed the £100 reward, but the Carbolic Smoke Ball Co. refused to pay. Mrs. Carlill brought a legal action against the company, and the case eventually made its way to the Court of Appeals.
The Court held that the advertisement for the smoke ball constituted an offer that could be accepted by anyone who fulfilled the conditions specified in the advertisement, namely using the smoke ball according to the instructions. Mrs. Carlill had accepted the offer by purchasing and using the smoke ball, and the Carbolic Smoke Ball Co. was therefore bound by the contract. The Court ordered the company to pay Mrs. Carlill the £100 reward.
This case illustrates several important principles of contract law, including the concept of an offer and acceptance, the requirement of consideration (i.e., something of value being exchanged between the parties), and the binding nature of a contract once it has been formed. It also shows the importance of clearly stating the terms and conditions of a contract, as the Carbolic Smoke Ball Co. learned the hard way when they were unable to avoid their obligations under the contract despite their initial refusal to pay the reward.
Why The Ocean Is Important To Humans: 14 Reasons
So every time you breathe, half of the oxygen you take in has come from the Ocean — so we literally need it to survive. What are the things it gives that makes it very precious to humankind and wildlife? Which is one of the ancient occupations of human beings and what is the major purpose of his activity? Seafood is considered rich in high-quality proteins, omega-3, and other nutrients, which are considered effective for growth and preventing diseases like cancer. Oceans also regulate the temperature of the Earth. Which continents are located along the coast of the Pacific Ocean? Oceans regulate our climate. For every purchase you made from us, part of it goes to Ocean conservation charities. Two actions by man which has lead to large scale pollution in oceanic waters. Two countries with coastline which largely depends on the sea for their livelihood.
Importance of ocean
We use the ocean for other products Apart from food products, other products source their ingredients from the ocean. It regulates rain and droughts. For example, one species of Caribbean sea sponge produces compounds that can be used in AIDS treatment, cancer treatment and anti-viral medications. Which items does man get from the oceans? Are there volcanic eruptions in the seas? It accounts for nearly Algae and sea plants are used for 9. In the summer, lakes and seas might boil! Results found urchins were able to survive the relocation from deeper water to the nearshore reef flat and appeared to be eating all three three key species of invasive algae in the Bay, including leather mudweed.
Maharashtra Board Class 6 Geography Solutions Chapter 6 Importance of Oceans
The deepest part of the ocean is 35,876 feet! It is a source of many compounds used to make a range of medicines, including antibiotics, painkillers, blood clotting agents, and anticoagulants. Start by checking out our list of e-learning resources or our reef-safe travel guide. Carbon dioxide is a major cause of global warming. In fact, 90% of the world trade is made by sea. Answer: When aquatic animals die, their remains accumulate in the oceans.
importance of oceans is significant in our daily lives
Water Cycle The Ocean plays a key part of the water cycle. This is a hole in the ozone layer which allows extra harmful rays to come through. Oceans have been used as a means of transport since ancient times. Thank You for creating a sustainable planet. With our global population rising by about 83 million people each year, food that we can get from the oceans will become more and more essential if we want to continue with our current lifestyle. We seek dialogue and reciprocal collaboration with the community through neighborhood board meetings, talk story, social media, and partner communications before engaging in any in-water activities.
