ependent principle" is a general rule of law that states that the letter of credit is inde between buyer and seller.
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- Every sales contract imposes an obligation of good faith in its performance. Please explain the concept of good faith. (Be detailed in your response.)A force majeure clause serves as a general excuse for non-performance of a sales contract in all situations. True or False. Explain.Manuel loves to grill, so he recently purchased a new gas grill online from Costco. The grill arrived, but unfortunately, it was damaged in shipping. Several aluminum pieces were dented, and the shipping box was noticeably damaged. Manuel contacted Costco, which emailed him a shipping label. He learned that the damaged grill will be sent to a Costco warehouse. Costco will file a claim with UPS and receive reimbursement for the grill since it was insured against damage. Which business process related to supply chain management is highlighted by this example? a. Manufacturing flow management b. Returns management c. Customer relationship management d. Order fulfillment process
- Busieness law - How does the right of resale protect the interests of an unpaid seller?A commercial representative must register at the Special Register in the Ministry of Economy and Trade only. O False O TrueIdentify at least three documents a promoter must send to the Registrar of Companies in order to form a company.
- businesses know many do not read the fine print, at what point should fine print be disallowed, and should be "sold as is" in the fine print be allowed?Define the commercial company and identify the types of companies. Briefly discuss the three general provisions regarding the personal creditor to claim from commercial company. e US ere to searchHow does the Sale of Goods Act address the situation where a buyer purchases goods based on fraudulent misrepresentation from the seller?
- You own a manufacturing company that has a very profitable contract with a large retail chain. One of your competitors learns of your agreement and contacts the retail chain, telling them that your products are poorly manufactured and that the retail chain should refrain from buying your products. Instead, the competitor suggests that the retail chain enter into a contract with them to manufacture the products they seek. After this conversation, the retail chain cancels the contract with your manufacturing company, essentially breaching the contract, and begins buying their required merchandise from your competitor. The products manufactured by your company are in fact very high quality products. There have never been complaints in the industry relative to the service or products that you provide. And, you have longstanding contractors with other retailers to support the quality of your product. Under the law, you can sue both the manufacturing competitor and the retail chain for…If an issue arises after the completion of a transaction, which of the following actions should a salesperson take to remedy the situation? O slect one answer. The salesperson should act promptly and resolve any Issues that may arise before the parties take legal action. The salesperson should first review the agreement and verify the relevant information, to accurately advise the seller or buyer as required. The salesperson should first arrange for compensation and reimburse the buyer or seller for any loss they may have The salesperson should inform their client that since the transaction has closed, they are no longer obligated to provide further services to them. incurred.The company will allow a policy change from a lower premium to a higher premium provided the insured A) Buys a new plan altogether B) Presents satisfactory evidence of insurability C) Momentarily assigns the policy to the company D) Obtains written consent from his or her spouse