Describe the Basic Issues Involved in Setting Up a System

question 4

Essay

Describe the basic issues involved in setting up a system of national accounts that includes the value of environmental capital and its loss.

Recognize the effects of unforeseen events on contract obligations and discharges.

Distinguish between express, implied-in-fact, and implied-in-law contractual conditions.

Describe how contracts can be discharged by mutual agreement and operation of law.

Explain the doctrine of frustration of purpose and its applicability in contract law.

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Definitions:

Upgrading

Upgrading involves updating or enhancing a system or software version to add features or improve performance.

Crash

An unexpected failure of a computer program, causing it to close suddenly or stop functioning properly.

Activation

The process of making a software program or service fully operative and licensed for use.

Piracy

It refers to the unauthorized use or reproduction of another's work, such as software, music, videos, or books.