INCOTERMS, as the universally recognized international trade terms that define trade contract responsibilities and liabilities between buyer and seller, do not include the following: O CIF O FOB O USCMA Both, FOB and CIF
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- You are in the train station waiting for your train to arrive. You see a vending machine from where youcan buy snacks and chips for $3.50. Posted on the machine is a sign saying: “Property of XYZVendsolutions Pty Ltd”. You insert the coins required into the machine and out comes a packet ofchips. However, when you open the packet of chips, you find bits of plastic inside and you don’t wantto eat the chips. You want your money back.Required:With reference to the essential elements for the formation of a contract, explain:a) Did you enter into a contract in this scenario? b) If yes, with whom did you enter a contract? I know the answer, but need help in more detailed information on both a and b.SECTION B Read the following extract and then answer the question belowTwo business entities come to you for assistance and they would like enter into a stock agreement supply. The other is a manufacturer and one is a retailer. It is their fist time to be committing to such a huge business arrangement and they both realise that it is important to do it right because as much as it looks like a great business deal, should it fail to work, it can lead to serious business losses that can even lead to liquidation and litigation. All they ask for is to be advised on the essentials of a valid business contract, and the need to explain conditions for compensating parties for breach of contract. In doing that, it is important to quote relevant authorities. Evaluate how the two enterprises need to be assisted.What is the Federal Trade Commission (FTC)?
- 4.What are the benefits the buyer and seller receive when a sale is made?How fortuitous event affect a contract or obligation?Which of the following statements are correct? 1) Market failures happen because market prices do not always take into account of the full effect of an individual's actions on others. 2) The existence of an externality always leads to overprovision of goods. 3) Market failures can always be solved by private bargaining. 4) Property rights may not always be enforceable.
- Imagine you are appointed as a stockists of Onion in Jaipur, India. You plan for the sales of the Onion at nearby rural area through rural vender as channel member and signed contract with some venders. Due to Covid – 19 outbreak the house hold started panic buying so the price of Onion increased four times. Meanwhile government to take control of the situation took precautionary measure and declared the stocking of onion as illegal. Explain what would happen to the promise made by you to the rural vendors. Discuss the legal provisions of Indian Contract Act applicable to such promises.Which of the following terms best describes the action that is taken once a mortgage loan has b Closure BO Refinance O Reconveyance DO Substitution of trustee OC inf15. Does contract farming happen when individuals or a group of farmers enter formal (written) or informal (verbal) arrangements with buyers for the marketing of their products? Why or why not?
- don't use chatgpt answer i will 5 upvotes A party who receives a negotiable instrument as a(n) ------------- or through mistake will be a holder instead of a holder in due course. gift a)value instrument b)endorsed instrument c)defective instrument d) bearer instrumentBroker's commission is fixed by norm as: * 2.5% from each party 5% from buyer 5% from seller O5% from each partyCan someone help me make a business letter of complaint. Thank you! Scenario: Imagine that you ordered the latest model of cell phone, made a payment of fifty percent of the price through a bank, and was promised by the seller that the product will be delivered to you, brand new. Unfortunately, the cell phone that was delivered to you was a used unit.