Management Course: BM105: BUSINES LAW ASSIGNMENT QUESTIONS a) Discuss the method of delivery in a contract of sale b) Explain the seller’s warranty against latent defects a) Discuss the method of delivery in a contract of sale Ownership in a contract of sale is transferred by the delivery of the property from the seller to the buyer, agrees Hutchison et al, (1991). In a contract of sale, both the seller and the buyer have roles/obligations to play/perform to qualify the sale. Apart
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since the last few days he rode over the same route, and it was smooth and encouraging for riding. There should be an establishment of three elements in every action of tort. One of them is that the plaintiff (Lance and Cadella) ought to establish that the defendant (Parramatta Council) was doing the legal duty of acting in a particular fashion. Another element is that Lance and Candella to demonstrate that the council breached the duty by not conforming the behavior accordingly. The third part is
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– The essential elements required for formation a valid contract 3 1. Agreement 3 1.1 Offer 3 1.2 Acceptance 4 2. Consideration 5 2.1 Adequacy and Sufficiency of consideration 5 2.2 Privity of contract 5 3. Intention to create legal relations 6 3.1 Domestic arrangement 6 3.2 Commercial agreement 6 3.3 Capacity 7 PART 2 – The impact of different types of contract 8 1. Verbal contract 8 2. Written contract 8 The parol evidence rule 8 3. Implied contract 9 PART 3 – The
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Business Law Contract and negligence Done by: Name.............................................................................. College Id....................................................................... TABLE OF CONTENTS Question 1.1................................................................................page 3 Question 1.2.....................................................
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Chapter 8 Contract – an agreement with only one promise, and only one party is committed to perform Uniform Commercial Code (UCC) – covers the sale of goods. It applies to individuals as well as firms. Bilateral vs. Unilateral bilateral – agreement containing mutual promises. Unilateral – agreement with only one promise and only one party is committed to perform Express vs. Implied-in-Fact Express – parties show their agreement in words Implied – legally enforceable agreement inferred
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SUPPORT@ACTIVITYMODE.COM BUS311 ALL DQS ASSIGNMENTS AND QUIZZES BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts BUS 311 Week 1 DQ 2 Tort or Crime BUS 311 Week 1 Quiz BUS 311 Week 2 Critical Analysis Paper BUS 311 Week 2 DQ 1 Elements of a Contract BUS 311 Week 2 DQ 2 The Uniform Commercial Code (UCC) BUS 311 Week 2 Quiz BUS 311 Week 3 DQ 1 Employment-at Will BUS 311 Week 3 DQ 2 A Principal’s Responsibility for the Actions of Their Agent BUS 311 Week 3 Final Paper Prep BUS 311
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1. What are the ethical issues in the scenario? The parties have genuinely agreed to the terms of the contract, therefore, the contract is enforceable. Even though the earnest money was not deposited yet, but there were an offer and acceptance. Salesperson accepted to grant Buyer an extension than willfully, Salesperson decide not to send out the paper to Buyer even after a second request. Consequently, Salesperson's action is a resolution of fraud so he could get a higher price than Buyer's offer
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involving equipment and an extended warranty contract. Revenue from warranty has to be recognized when a period of a warranty is fulfilled. It would be wrong to consider revenue from the sale of an extended warranty or product maintenance contract at the time of sale since the company is still liable or obliged to the customers with the warranty. All are major elements of Partial Revenue Recognition on the sale of extended warranty and product maintenance contracts were applied in the Circuit City case
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ASSESSMENT COVER SHEET DECEMBER SUBMISSION |Unit Number and Title |Unit 5 Aspects of Contract and Negligence – Level 4 | |Assessment Title |Aspects of Contract & Negligence | |Course Title |HND Business
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1 Contracts What is a Contract? A contract is a promise enforceable in a court of law. A contract may be formed when two or more parties each promise to perform or refrain from performing so me act now or in the future. Such promises need not be in writing to constitute a valid contract, but some contracts need to be written to be enforceable. What are the Necessary Elements of a Contract? There are four basic elements nece ssary for an enforceable contract: 1. Agreement The act of two
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