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The just price is a theory of ethics in economics that attempts to set standards of fairness in transactions. With intellectual roots in ancient Greek philosophy , it was advanced by Thomas Aquinas based on an argument against usury , which in his time referred to the making of any rate of interest on loans .
Its first holders were G. W. Wille, Tom William Price, and Wouter de Vos, in that order. [3] In 1923 and 1925, two further chairs were established, one of which was the W. P. Schreiner Chair of Roman Law and Jurisprudence, a post in Roman law endowed in honour of Prime Minister W. P. Schreiner. [5]
A juridical person is a legal person that is not a natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, non-governmental organisation, or international organization (such as the European Union).
Most recently he was CEO of Turtle Bay Technologies, Ltd, a wholly owned subsidiary of Juridica Capital. In 2012, he was behind two successful patent verdicts: Shelbyzyme's $50 million verdict ...
Section 7 of the act granted the right to sue only to persons. The corporate defendant, which was accused of illegally conspiring and colluding to raise prices on tires, argued that the U.S. government did not have power to enforce the act because the government was not a person. The court held that the term "person" includes the U.S ...
The IAPI replaced middlemen and groups that managed exports, buying agricultural and livestock products from producers at a fixed price, and negotiating sales with the external buyers. Thus, the IAPI imposed prices abroad that could have never been able to be obtained before. Until 1949, it sold abroad for double the rate it paid to rural ...
Low-income households were hardest hit by the general decline in economic activity, which led to job losses and work stoppages. Income and other types of inequality rose within individual countries, as well as between different countries. Additionally, particularly harmful for poor families is the food price inflation. The average person in a ...
In litigation, the contract price is a factor for determining damages upon a party forsaking its contractual obligations. The contract price as a point of reference may help determine the expectancy interest of the party suffering damages as well as the reliance interest along with damages under promissory estoppel.