Answer 2 The main cause of the Lebanese Civil War was that the fragile balance between the Maronite Christians, Sunni Arabs, and Shiite Arabs was in a precarious position and the arrival of the PLO (Palestinian Liberation Organization) in Lebanon threatened to tip the scales.
Held: Yes, a positive statement of present fact, if false and incorporated into the contract, is also misleading and deceptive conduct. The scope of remedies under the ACL (TPA) is highly flexible, and allows the contract to be set aside where a key representation was revealed to be false.
What is a 'Forward Contract'. A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging. Unlike standard futures contracts, a forward contract can be customized to any commodity, amount and delivery date. A forward contract settlement can occur on a cash or delivery basis.