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  • 2022年10月31日


    If you`re a PayPal user, you may have encountered issues with reinstating your billing agreement from time to time. The good news is that it`s not a complicated process. In this article, we`ll guide you through the step-by-step process of how to reinstate your PayPal billing agreement.

    But first, let`s define what a PayPal billing agreement is. A billing agreement is a contract between you and a merchant that allows them to initiate payments from your PayPal account for any recurring or subscription-based purchases. Once you`ve authorized a billing agreement, the merchant can charge your PayPal account without your explicit authorization for each recurring payment.

    Now, here`s what you should do if you want to reinstate your PayPal billing agreement:

    Step 1: Log in to your PayPal account

    The first thing you need to do is log in to your PayPal account. You can do this via the PayPal website or mobile app (available on both Google Play and the App Store).

    Step 2: Navigate to the “Settings” menu

    Once you`ve logged in, you should navigate to the “Settings” menu. This can be found by clicking on the gear icon located at the top right-hand corner of the screen.

    Step 3: Click on the “Payments” tab

    Next, you`ll need to click on the “Payments” tab. This is located towards the top of the screen.

    Step 4: Locate and click on the merchant you want to reinstate the billing agreement with

    In this step, you`ll need to locate the merchant you want to reinstate the billing agreement with. You can do this by scrolling through the list of merchants you`ve authorized billing agreements with.

    Step 5: Click on “Reactivate” button

    Once you`ve found the merchant, you should click on the “Reactivate” button located next to their name. This will initiate the process of reinstating your billing agreement with them.

    Step 6: Confirm your decision

    You`ll be prompted to confirm your decision to reactivate the billing agreement. You should carefully review the terms and conditions of the agreement before doing so.

    Step 7: Complete the process

    Finally, you`ll need to complete the process of reinstating the billing agreement by clicking on the “Agree and Reactivate” button.

    And that`s it! By following these simple steps, you can easily reinstate your PayPal billing agreement. Keep in mind that if you encounter any issues or have any questions, you can always reach out to PayPal`s customer support team for assistance.

  • 2022年10月25日


    A Quasi Contract Short Note: Key Points to Know

    A Quasi Contract, also known as an implied-in-law contract, is a legal concept that allows one party to seek relief or compensation from another party without a written or verbal contract. It is used when there is no formal agreement between the parties, but one has benefitted from the other`s actions or goods without paying for it.

    The principles of a Quasi Contract are based on the idea of fairness and justice. It is believed that it is unfair for one party to gain an unjust enrichment at the expense of another without paying for it. As a result, a court may impose a legal obligation on the benefiting party to pay a reasonable amount of compensation to the other party.

    The most typical example of a Quasi Contract is the situation where an individual is injured in an accident and is taken to a hospital without their consent. Even though there was no prior agreement between the hospital and the patient, the hospital would be required to provide medical care under the principles of a Quasi Contract. This is because the hospital benefitted from the treatment provided to the patient.

    Another example could be the situation where a contractor performs work on a property that they have mistaken to be their client`s. Even though there was no formal agreement between the contractor and the property owner, the contractor would still be entitled to some payment for the work they have done on the property.

    One of the most important principles of a Quasi Contract is that the benefiting party should have had the opportunity to decline the benefits of the contract. This means that the party who benefitted from the actions or goods of the other party without paying for it should have had the choice to avoid the benefits if they so wished.

    In conclusion, a Quasi Contract is a legal concept that allows for the protection of parties who have been wrongly enriched at the expense of others. It is based on the principles of fairness and justice and is typically used in situations where there is no formal agreement between the parties. Understanding this concept can help you protect yourself from unjust enrichment and ensure that you are not taken advantage of unfairly.

  • 2022年10月24日


    The EBA Agreement Breach: Understanding the Consequences

    The European Banking Authority (EBA) was established in 2011 as an independent EU regulatory agency responsible for ensuring effective and consistent supervision of financial institutions across Europe. The EBA also plays a crucial role in promoting the stability and integrity of financial markets in the European Union.

    Over the years, the EBA has developed several agreements and guidelines that financial institutions across Europe must adhere to. These agreements are put in place to ensure that financial institutions operate in a transparent and responsible manner, protecting the interests of consumers while promoting a healthy and stable financial system.

    One of the most important agreements established by the EBA is the EBA Agreement. This agreement outlines the obligations and requirements that financial institutions must meet to comply with EU regulations. The EBA Agreement covers a wide range of issues, including risk management, liquidity, capital requirements, and governance.

    Unfortunately, not all financial institutions comply with the EBA Agreement. Many institutions violate these agreements, either intentionally or unintentionally. When an institution breaches the EBA Agreement, it can lead to serious consequences, both for the institution and for the broader financial system.

    The consequences of breaching the EBA Agreement can be severe. Depending on the nature and extent of the breach, the EBA may take a range of actions, including imposing fines, restricting the institution`s activities, or even revoking its license to operate. Breaching the EBA Agreement can also harm the institution`s reputation, leading to a loss of trust among consumers and investors.

    Overall, it is crucial for financial institutions across Europe to take the EBA Agreement seriously and to ensure that they comply with its requirements. By doing so, institutions can help to promote a stable and healthy financial system while protecting the interests of consumers. For those institutions that have already breached the EBA Agreement, it`s important to take immediate action to rectify the situation and to work with the EBA to ensure that all obligations are met.

    In conclusion, the EBA Agreement is an essential tool for promoting a stable and reliable financial system in Europe. Financial institutions that breach this agreement can face severe consequences, so it`s crucial for all institutions to take their obligations seriously and to comply with all EBA guidelines. By doing so, we can help to ensure that our financial system remains strong and reliable for years to come.

  • 2022年10月16日


    India and ASEAN (Association of Southeast Asian Nations) have been in discussions and negotiations for a Free Trade Agreement (FTA) for over a decade. The aim of the agreement is to increase trade and investment between the two regions by reducing and eliminating tariffs and non-tariff barriers on goods, services, and investment.

    As of August 2019, the FTA negotiations have been concluded for trade in goods and a final review is underway. The FTA in services and investment is still under negotiation.

    The FTA between India and ASEAN is expected to have a significant impact on both regions. India`s trade with ASEAN has been growing at an average of 16% per year, with ASEAN being India`s fourth-largest trading partner. The FTA is expected to further boost India`s trade with ASEAN, especially in sectors such as agriculture, textiles, and chemicals.

    The FTA will also provide ASEAN with better access to the Indian market, which has a growing middle class with increasing purchasing power. ASEAN countries will benefit from reduced tariffs on goods such as palm oil, rubber, and seafood.

    The FTA is not without its challenges. One of the main concerns for India is the possibility of increased imports from ASEAN, which could harm domestic industry. To address this concern, India has proposed a “safeguard mechanism” that would allow temporary tariff hikes in case of import surges.

    Another challenge for the FTA is the varying levels of development among the ASEAN countries. Some countries, such as Singapore and Malaysia, have more developed economies than others, and therefore have different priorities and interests in the agreement.

    Despite these challenges, the FTA between India and ASEAN is expected to be a significant boost to trade and investment in both regions. The final review is expected to be completed soon, paving the way for the implementation of the FTA in the near future.

  • 2022年10月8日


    A hold harmless agreement, commonly known as a waiver of liability, is a legal document that protects one party (the indemnitee or releasor) from being held liable for damages or losses caused by another party (the indemnitor or releasee). This type of agreement is common in situations where there is a risk of injury or damage, such as when participating in a hazardous activity or using a product or service.

    In the state of Alabama, hold harmless agreements are often used in contracts between parties, including businesses, property owners, and contractors. These agreements are designed to protect parties from legal action in the event of a dispute, and they can be used to allocate risks and responsibilities between parties.

    If you are considering using a hold harmless agreement in Alabama, it is important to understand the legal requirements and restrictions in place. According to Alabama law, hold harmless agreements must be:

    – In writing: Hold harmless agreements must be in writing and signed by all parties involved.

    – Clear and unambiguous: The terms of the agreement must be clear and unambiguous, leaving no room for interpretation or confusion.

    – Limited in scope: Hold harmless agreements must be limited in scope and cannot be used to waive liability for intentional or grossly negligent acts or for damages resulting from a party`s failure to perform under a contract.

    It is also important to note that hold harmless agreements may not be enforceable in certain situations, such as when the agreement is against public policy or when it is unconscionable.

    If you are considering using a hold harmless agreement in Alabama, it is recommended that you consult with a legal professional to ensure that your agreement complies with state and federal laws and is enforceable in the event of a dispute.

    In conclusion, hold harmless agreements can provide valuable protection for parties in Alabama, but they must be carefully crafted and comply with legal requirements to be effective. By consulting with a legal professional and ensuring that your agreement is clear, limited in scope, and in writing, you can help protect yourself from potential liability in the event of a dispute.

  • 2022年10月6日


    As a seller, you may find yourself in a position where you need to cancel a contract with your buyer. Perhaps the buyer is not fulfilling their obligations or the terms of the contract are not being met. However, the question remains – can a seller cancel a contract VIC (Victoria, Australia)?

    The answer to this question depends on various factors such as the type of contract, the terms of the contract, and the applicable law in VIC.

    In general, a contract is a legally binding agreement between two parties. Once both parties have signed the agreement, they are obligated to fulfill the terms outlined in the contract. However, there are circumstances where a party may want to cancel or terminate the contract.

    If the contract has a termination clause, the parties can terminate the contract by following the procedures outlined in the clause. For example, the clause may require written notice to the other party, and the parties may also need to resolve any outstanding disputes or payments.

    If there is no termination clause, the parties may need to rely on common law principles. In VIC, common law recognizes the right of parties to terminate a contract where there has been a breach of contract or frustration of purpose.

    A breach of contract occurs where one party fails to fulfill their contractual obligations. This can include non-payment, failure to deliver goods or services, or failure to perform an agreed-upon task. If the other party has breached the contract, the seller may terminate the contract without liability.

    Frustration of purpose occurs where unforeseen circumstances arise that make it impossible to fulfill the terms of the contract. This can include natural disasters, government regulations, or the death of a key party. If frustration of purpose occurs, the contract can be terminated without liability.

    However, it is important to note that terminating a contract can have legal consequences, and the seller may be exposed to claims for damages or breach of contract. Therefore, it is advisable to seek legal advice before terminating a contract.

    In conclusion, a seller can cancel a contract VIC, but it will depend on the circumstances surrounding the contract and the applicable law. If you are a seller considering terminating a contract, it is important to consult with a legal professional to ensure that you are protected from any legal consequences.