ENG217 Some Summary Key Point @Rugga Library
Welcome to Rugga Library
ENG 217 ENGINEERING IN SOCIETY
"Unlocking knowledge, one PDF at a time. 📚✨ Excited to share this new resource with you all!
Click To Download Rugga Library Mobile Application Here
A contract is a legally binding agreement between two or more parties, outlining the terms and conditions that govern their relationship and the obligations each party must fulfill. Contracts can cover a wide range of transactions and agreements, including sales of goods or services, employment relationships, leases, and more. Key elements of a contract typically include offer, acceptance, consideration, legality, capacity, and mutual assent. Contracts can be written or oral, although certain types of contracts must be in writing to be enforceable under the law.
Express Acceptance: This occurs when the offeree (the party to whom the offer is made) clearly and explicitly communicates their acceptance of the offer to the offeror (the party making the offer). This can be done verbally, in writing, or through electronic means such as email or digital signature.
Implied Acceptance: In some cases, acceptance may be implied from the offeree's conduct or behavior. If the offeree acts in a manner consistent with accepting the offer, such as performing the requested task or making a payment, their acceptance may be inferred from their actions.
Silence as Acceptance: In certain situations, silence or inaction by the offeree may be construed as acceptance, but this is less common and often requires specific circumstances outlined in the contract or established by custom or law.
Conditional Acceptance: Sometimes, the offeree may accept the offer but impose certain conditions or modifications to the terms of the offer. In such cases, acceptance is contingent upon the offeror agreeing to these conditions.
Counteroffer: If the offeree proposes changes to the terms of the original offer, it is considered a counteroffer rather than acceptance. The original offeror then has the option to accept the counteroffer, reject it, or make a new offer.
To determine if a contract has been accepted, you need to consider the following conditions:
Clear Communication: The acceptance must be communicated clearly to the offeror. This can be done verbally, in writing, or through electronic means such as email or digital signature.
Intent to Accept: The offeree must demonstrate a clear intention to accept the terms of the offer. This intent can be inferred from the offeree's words, actions, or conduct.
Unconditional Acceptance: The acceptance must be unconditional, meaning that the offeree agrees to all the terms of the offer without imposing any new conditions or modifications.
Mirror Image Rule: In some jurisdictions, contract law follows the "mirror image rule," which states that the acceptance must exactly mirror the terms of the offer. Any attempt by the offeree to change the terms of the offer would be considered a counteroffer rather than acceptance.
Timeliness: Acceptance must typically be made within a reasonable timeframe specified in the offer or within a reasonable time if no timeframe is specified. Delayed acceptance may be considered a rejection of the offer.
Authorized Acceptance: The acceptance must be made by someone who has the authority to bind the party they represent in the contract. For example, an employee may have the authority to accept contracts on behalf of their employer within certain limits.
Contracts are agreements that are enforceable by law. They become legally binding when certain essential elements are present and when they comply with legal requirements. Here's what makes a contract legal:
Offer and Acceptance: There must be a clear offer made by one party and an unconditional acceptance of that offer by the other party. The terms of the offer and acceptance must match, following the principle of mutual assent.
Consideration: Both parties must exchange something of value (money, goods, services, promises, etc.) as part of the agreement. Consideration is essential to validate the contract and make it legally enforceable.
Legal Purpose: The purpose of the contract must be legal. Contracts with illegal objectives, such as contracts for illegal activities or contracts that violate public policy, are not enforceable.
Capacity: Each party entering into the contract must have the legal capacity to do so. This means they must be of sound mind, of legal age (usually 18 years old), and not under duress or coercion.
Consent: Both parties must enter into the contract willingly and with a clear understanding of its terms and implications. If consent is obtained through fraud, mistake, or undue influence, the contract may be voidable.
Form: While many contracts can be oral and still enforceable, certain types of contracts must be in writing to be legally valid. This includes contracts involving real estate, contracts that cannot be performed within one year, and contracts for the sale of goods over a certain value, as per the statute of frauds.
On the other hand, a contract may be considered illegal and unenforceable if it lacks one or more of these elements, or if it violates the law in some way, such as:
Illegal Objectives: Contracts with objectives that are illegal or against public policy are not enforceable. For example, contracts for the sale of illegal drugs or contracts that promote illegal activities.
Lack of Capacity: If one or both parties lack the legal capacity to enter into a contract (e.g., minors, mentally incapacitated individuals), the contract may be void or voidable.
Fraudulent or Misleading Contracts: Contracts obtained through fraud, misrepresentation, or coercion are not legally enforceable.
Violation of Statute: Contracts that violate specific laws or statutes, such as antitrust laws or consumer protection laws, may be considered illegal and unenforceable.
An offer in contract law is a proposal made by one party (the offeror) to another party (the offeree) expressing a willingness to enter into a legally binding agreement under specific terms and conditions. The offer sets out the essential elements of the proposed contract, including what is being offered, the price or consideration, any conditions or requirements, and the timeframe for acceptance.
Key characteristics of an offer include:
Intention to be Bound: The offeror must intend for the proposal to create a legally binding agreement if accepted by the offeree. Offers made in jest, vague statements, or invitations to negotiate are generally not considered valid offers.
Definiteness: The terms of the offer must be clear, specific, and sufficiently certain for the offeree to understand and accept. Vague or ambiguous terms may render the offer invalid.
Communication: The offer must be communicated to the offeree directly or indirectly through actions or conduct that would reasonably indicate an intention to make an offer. The offeree must be aware of the offer to consider accepting it.
Seriousness: The offer must be made with serious intent and not as a joke or mere conversation. It should demonstrate a genuine willingness to enter into a contractual relationship.
Invitation to Treat vs. Offer: It's important to distinguish between an invitation to treat (an invitation to negotiate or make an offer) and an actual offer. An invitation to treat does not create a binding obligation but rather invites the other party to make an offer.
The terms "offeror" and "offeree" are used in contract law to describe the parties involved in making and receiving an offer, respectively.
Offeror: The offeror is the party who makes the offer. This party presents a proposal or promise to enter into a contract with specific terms and conditions. The offeror initiates the contractual process by expressing their willingness to be bound by those terms if the offeree accepts the offer.
Offeree: The offeree is the party to whom the offer is made. This party receives the offer from the offeror and has the option to accept, reject, or negotiate the terms of the offer. The offeree's decision determines whether a contract is formed based on the terms proposed by the offeror.
An offer can contain various conditions depending on the nature of the transaction and the intentions of the offeror. Some common conditions that may be included in an offer are:
Price or Consideration: The offer may specify the price to be paid or the consideration to be exchanged for the goods, services, or rights being offered.
Quantity or Quality: The offer may specify the quantity or quality of the goods or services being offered. For example, a contract for the sale of goods may specify the quantity of goods to be delivered and their specifications.
Timeframe for Acceptance: The offer may specify a deadline by which the offeree must accept the offer. This deadline may be expressed as a specific date or time frame within which the offer remains open.
Method of Acceptance: The offer may specify the method by which the offeree can accept the offer. For example, it may require acceptance in writing, by email, orally, or through specific actions.
Conditions Precedent: The offer may be conditional upon the occurrence of certain events or conditions. For example, a contract to purchase real estate may be conditional upon the buyer obtaining financing or the seller completing certain repairs.
Mode of Performance: The offer may specify how the obligations under the contract are to be performed. This could include details such as delivery methods, installation procedures, or payment terms.
Termination Conditions: The offer may specify conditions under which the offer can be terminated or revoked. For example, it may include a provision allowing the offeror to revoke the offer if certain circumstances arise before acceptance.
Governing Law and Jurisdiction: The offer may specify the governing law and jurisdiction that will apply to any disputes arising under the contract. This is particularly important in international transactions involving parties from different legal jurisdictions.
An offer can be terminated in several ways, including:
Revocation by the Offeror: The offeror (the party making the offer) can revoke or withdraw the offer at any time before it is accepted, as long as the revocation is communicated to the offeree (the party to whom the offer is made) before they accept the offer.
Expiration of Time: The offer may specify a deadline by which it must be accepted. If the offeree does not accept the offer within the specified time frame, the offer automatically terminates.
Rejection by the Offeree: If the offeree explicitly rejects the offer, either verbally or in writing, the offer is terminated. Additionally, if the offeree makes a counteroffer (proposing different terms), the original offer is terminated, and a new offer is created.
Death or Incapacity of Either Party: If either the offeror or the offeree dies or becomes legally incapacitated before the offer is accepted, the offer is automatically terminated.
Destruction of Subject Matter: If the subject matter of the offer is destroyed or becomes legally unavailable (e.g., the property being offered for sale is destroyed by fire), the offer is terminated.
Illegality: If the performance of the contract becomes illegal or impossible due to changes in the law or other circumstances, the offer is terminated.
The Council for the Regulation of Engineering in Nigeria (COREN) is composed of various stakeholders involved in the regulation and oversight of engineering practice in Nigeria. The composition typically includes:
President: The President of COREN is usually a seasoned engineer with significant experience in the field. They provide leadership and direction to the council.
Vice President: The Vice President assists the President in their duties and may act as the President in their absence.
Executive Secretary: The Executive Secretary is responsible for the day-to-day administration of COREN. They oversee the implementation of COREN's policies and decisions.
Council Members: The council members are typically appointed professionals from various engineering disciplines, academia, government, and industry. They contribute to decision-making processes and provide expertise in different areas of engineering practice.
Committees: COREN may have various committees responsible for specific functions such as accreditation of engineering programs, registration of engineers, discipline and ethics, finance, and others. These committees are usually comprised of members appointed by the council.
Registrar: The Registrar is responsible for maintaining records of registered engineers, engineering firms, and accredited engineering programs. They oversee the registration process and ensure compliance with COREN's regulations.
Advisory Board: COREN may have an advisory board consisting of eminent engineers and professionals who provide guidance and advice on matters related to engineering regulation and practice.
Regulatory bodies are organizations established by governments or professional associations to oversee and regulate specific industries, professions, or sectors. These bodies set standards, enforce regulations, and ensure compliance with laws and guidelines to protect the public interest, promote safety, and maintain integrity within their respective fields. Here are some examples of regulatory bodies across various industries:
Financial Industry Regulatory Authority (FINRA): FINRA is a regulatory organization that oversees brokerage firms and individual brokers in the United States. It establishes rules and regulations for securities trading and enforces compliance to protect investors and maintain market integrity.
Federal Aviation Administration (FAA): The FAA is the regulatory agency responsible for overseeing civil aviation in the United States. It sets safety standards, regulates air traffic control, certifies aircraft and pilots, and oversees airports and air navigation facilities.
Food and Drug Administration (FDA): The FDA is a regulatory agency of the U.S. Department of Health and Human Services responsible for protecting and promoting public health by regulating food safety, pharmaceuticals, medical devices, cosmetics, and other products.
Environmental Protection Agency (EPA): The EPA is an agency of the U.S. federal government tasked with protecting human health and the environment. It regulates air and water quality, hazardous waste, pesticides, and other environmental issues.
National Institute for Health and Care Excellence (NICE): NICE is a United Kingdom-based organization responsible for providing national guidance and advice on promoting good health and preventing and treating disease. It evaluates healthcare interventions and technologies to ensure their effectiveness and cost-effectiveness.
Medical Councils and Boards: Medical regulatory bodies exist in many countries to oversee the practice of medicine and ensure that healthcare professionals adhere to ethical standards and maintain competency. Examples include the General Medical Council (GMC) in the UK and the Medical Council of India (MCI).
Bar Associations: Bar associations regulate the legal profession and ensure that lawyers and legal practitioners uphold ethical standards and adhere to professional conduct rules. Examples include the American Bar Association (ABA) in the United States and the Law Society of England and Wales.
Professional bodies, also known as professional associations or societies, are organizations that represent and support individuals working within a specific profession or field. These bodies play various roles, including setting professional standards, providing professional development opportunities, advocating for the interests of their members, and promoting excellence and integrity within the profession. Here are some examples of professional bodies across different industries:
American Medical Association (AMA): The AMA is a professional organization representing physicians and medical students in the United States. It sets standards for medical education, ethics, and professional conduct and advocates for healthcare policy and reform.
Institute of Electrical and Electronics Engineers (IEEE): IEEE is a global professional association for engineers working in electrical engineering, electronics, computer science, and related fields. It sets technical standards, publishes journals and conferences, and provides networking and educational opportunities for its members.
Chartered Institute of Management Accountants (CIMA): CIMA is a professional body for management accountants worldwide. It offers training and qualification programs, sets professional standards, and provides resources and support to its members in the field of management accounting.
American Bar Association (ABA): The ABA is a voluntary bar association representing lawyers and legal professionals in the United States. It sets ethical standards, provides continuing legal education, and advocates for improvements in the legal system and access to justice.
Chartered Institute of Personnel and Development (CIPD): CIPD is a professional association for human resource management professionals in the UK and internationally. It sets standards for HR practices, provides training and certification programs, and conducts research in the field of human resources.
Royal Institute of British Architects (RIBA): RIBA is a professional body for architects in the United Kingdom. It sets standards for architectural education and practice, provides support and resources to architects, and promotes excellence in architecture and the built environment.
Association of Chartered Certified Accountants (ACCA): ACCA is a global professional accounting body offering qualifications and certification for accountants and finance professionals. It sets professional standards, provides training and development programs, and advocates for the accounting profession worldwide.
Regulatory bodies and professional bodies serve distinct but complementary roles within their respective industries or professions. Here are the key differences between the two:
Purpose and Focus:
- Regulatory Bodies: Regulatory bodies are established by governments or legislative bodies to oversee and regulate specific industries, sectors, or areas of public interest. Their primary purpose is to protect the public interest, ensure compliance with laws and regulations, and maintain integrity and safety within their respective fields. They focus on setting and enforcing standards, monitoring compliance, and addressing violations.
- Professional Bodies: Professional bodies, also known as professional associations or societies, represent and support individuals working within a specific profession or field. They focus on promoting the interests and advancement of their members, setting professional standards, providing professional development opportunities, and advocating for the profession as a whole. They often play a role in setting ethical guidelines, offering training and certification programs, and fostering networking and collaboration among professionals.
Authority and Governance:
- Regulatory Bodies: Regulatory bodies typically have statutory authority granted by legislation or government mandates. They have legal powers to enforce regulations, impose sanctions for non-compliance, and oversee licensing or certification processes within their jurisdiction. Regulatory bodies may have boards or commissions appointed by government authorities to oversee their operations.
- Professional Bodies: Professional bodies are usually private organizations or associations established by professionals within a particular industry or field. While they may collaborate with government agencies and regulatory bodies, they operate independently and are governed by their members through elected boards or councils. Professional bodies derive authority from their members and their voluntary participation in the organization.
Scope of Influence:
- Regulatory Bodies: Regulatory bodies have broad authority and influence within their respective industries or sectors. They often have jurisdiction over multiple aspects of industry regulation, including setting standards, issuing licenses or permits, conducting inspections, and enforcing compliance with laws and regulations.
- Professional Bodies: Professional bodies primarily focus on representing and supporting their members within a specific profession or field. While they may have influence over professional standards and practices, their authority is typically limited to matters directly related to their profession, such as setting professional codes of conduct, offering training programs, and providing networking opportunities.
Enforcement Powers:
- Regulatory Bodies: Regulatory bodies have legal enforcement powers to ensure compliance with laws and regulations. They can investigate complaints, conduct audits or inspections, issue fines or penalties for violations, and take legal action against individuals or organizations found to be in breach of regulatory requirements.
- Professional Bodies: Professional bodies do not have legal enforcement powers in the same way as regulatory bodies. Instead, they often rely on voluntary compliance with professional standards and codes of conduct by their members. They may have disciplinary mechanisms in place to address ethical breaches or professional misconduct within their profession, but these actions are typically limited to membership status or affiliation rather than legal sanctions.