Procedural History The Plaintiff, Transamerica Oil Corporation, brought suit under the Kansas Uniform Commercial Code (UCC) to recover damages resulting from the breach of an express warranty by the defendant, Lynes, Inc. and Baker International Corporation. A jury in the United States District Court for the District of Kansas found in favor of the plaintiff and awarded Transamerica Oil Corporation $196,577.62. The defendant appealed the court’s ruling December 21, 1983. Defendant claimed that
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Beyth-Shan Yodhhewawhe Unit 2: Case Study AC502: Regulation Case Study: Keller v. Inland Metals Kaplan University June 21, 2014 Case Study: Keller v. Inland Metals Express warranty can take numerous diverse procedures, whether verbal or written, and is chiefly an assurance that the merchandise will come across an assured side by side of value and dependability. If the merchandise flops in this esteem, the producer will repair or substitute the merchandise for no supplementary responsibility
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Contracts I Outline – go through mind map list the 4 big issues, each para under the issues can include subissues, can say it might not be an issue later ------------------------------------------------- Bern’s Model: TMJM ------------------------------------------------- Tsedeq- righteous moral standard ------------------------------------------------- Misphat- applied even handedly ------------------------------------------------- Jurisdiction- by one authority -------------------------------------------------
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Source of information: THE LEGAL ENVIRONMENT OF BUSINESS: A MANAGERIAL APPROACH: THEORY TO PRACTICE. Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. ————— Chapter 1: LEGAL FOUNDATIONS My interpretation of law is that these are legally-backed rules of action and conduct that have been created to promote and protect the moral and ethical
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First, it must be in writing and signed by the maker or drawee. Second, it must contain an unconditional promise (promissory note) or order (bill of exchange) to pay a certain sum of money and no other promise except as authorized by the Uniform Commercial Code (UCC). Third, it must
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requirements change, and communications and reporting. Breach of contract is a common defense raised to elicit negotiations (Cheeseman, 2010). It is only effective against an ordinary holder of the contract (Cheeseman, 2010). Under the Uniform Commercial Code (UCC) [UCC 2-301], tender of delivery is the most basic obligation. It requires the seller to transfer or deliver goods to the buyer in accordance to the terms of the contract (Cheeseman, 2010). Leon Ther is right when he states the product
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LAW/421 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in Week Five. It contains practice questions, which are related to each week’s objectives. In addition, refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Introduction to Law Objective: Define the functions of law in society. 1. Precedent evolves from a. state and federal constitutions b. state and federal
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Five Reasons to Discharge Contracts | Contracts are a means to an end, not an end in themselves. They represent a promise to do something or to refrain from doing something. When both parties to a contract fulfill their promises, the contract has served its purpose and is terminated or discharged.However, if one or more of the parties to a contract are unable to perform what they promised and there is no legal excuse for this inability to perform, there is a breach of the contract. There are five
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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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Question 1 0 out of 2 points | | | Which of the following was passed largely in response to business scandals of the 2000s, such as Enron? | | | | | | | Correct Answer: | The Sarbanes-Oxley Act of 2002. | | | | | Question 2 0 out of 2 points | | | When would a plaintiff use the doctrine of res ipsa loquitur? | | | | | Selected Answer: | [None Given] | Correct Answer: | To allow the judge and jury to infer that more likely than not, the defendant's
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