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JPMorgan Chase Essay Example

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JPMorgan Chase

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JPMorgan Chase. They must be sane, of legal age, sober, of sound mind and not coerced to enter into the contract. The second element is the legal purpose element. It proposes that the contract purpose must be legally agreeable. Illegal activities cannot be contractually upheld. The third element is the offer and acceptance. For a contract to hold there must be an offer followed by acceptance. The fourth element is a consideration. For a contract to hold some form of equitable exchange must take place(Emerson, 2009).Parties involved in bank contracts must observe the doctrine of utmost good faith that states that each party must rely on the integrity of all other parties involved in the contract. It is assumed that all the parties expect the contract to work out and therefore full disclosure is expected(Emerson, 2009).

A tort is a civil wrong that does not involve the breach of a contract. The individual who commits a tort may not necessarily have breached the contract but they are still culpable for the breach and may be held liable dependent on the tort type(Emerson, 2009).Intentional tort actions are activities carried out with the intentional of violating civil rights. They may be offensive or harmful. They involve actual action or intent to cause apprehension that such an action is imminent. An intentional tort can occasionally be transferred when the targeted party is not the party eventually wronged. Any party that injures party A while intent on injuring party B is liable to party A whom they actually injured. An intentional tort is negated if the parties involved synonymously consented to the action occurrence, though this is limited to normal consequences such that any consequences outside the normal spectrum could still invite liability. Intent to harm without proof or actual harm may not necessarily invite liability unless they are accompanied by circumstances indicating an intent to cause harm(Emerson, 2009).Negligent tort involves a party acting in a manner that increases the risk for other parties. JPMorgan Chase.

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preview essay on JPMorgan Chase
  • Pages: 4 (1000 words)
  • Document Type: Assignment
  • Subject: Law
  • Level: High School
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