Examlex
Tony enters into a contract with Joseph to supply his entire output of guava of each season from his orchid at the then current market price. The guava is to be used by Joseph for making jams. However, the contract didn't contain any clause as to when it can be terminated. Tony gave a one-year notice period to Joseph prior to termination of the contract. Joseph intentionally didn't do any arrangements for himself to acquire guavas from elsewhere. When Tony expressed his inability to supply Joseph the guava after one year, Joseph sued Tony for breach of contract. Whether or not the approach of Joseph is justified?
Human Capital
The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
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A detailed description of the skills, education, and experience required to perform a job.
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The understanding, awareness, or familiarity gained through education or experience, which can be applied in decision-making or problem-solving.
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The abilities, know-how, and expertise that individuals acquire through experience, training, or education that enable performance of tasks.
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