In general, what is the effect on risk of loss when a party breaches a contract> a. thebreaching party will bear the risk of loss for some period of time b. thebreaching party will permanently bear the risk of loss c. thebreach can speed up shift of the risk of loss to thebuyer, or return the risk to the seller c. A and C
Here is the Scenario: Fun Fashion Clothing (Fun Fashion), a US company, has its line of clothing manufactured in India, by Glamor Fabrics (Glamor). Glamor supplies garments to many U.S. companies using the designs supplied by the US company. Glamor purchases fabrics from around the world and subcontracts some of the clothing ass
9. Due to a rapid decline in the price of horseshoes, which can now be bought
and sold for 50 cents each, Mark refuses to buy 1,000 horseshoes from
Clark for $1 per shoe and thus breaches an existing contract. Clark is
entitled to recover
10. Air Transport Company contracts to bu
Prepare a Sales Contract
Your client, Widgets, Inc., has a factory in Detroit where they produce widgets forsale. They have recently received a large order from Machines, Inc. in Austin, Texas for 2,000 widgets at $100 per widget. The client has not specified any additional terms of the purchase.
Prepare a contractfor th
I need help in finding a solution to BusinessLaw UCC2-712,2A-518 which is a remedy of thebuyer or lessee which is under the RIGHT OF COVER. I need a short a paragraph for each explanation of the right of cover. Thanks
Explanation # 1 (demonstrate how an existing statute or regulation provides a remedy to
a consumer when
Seller and buyer enter into a contractforbuyer to purchase 1,000 pot holders for $1,000. Assume for purposes of this question thecontract is in writing and otherwise meets all requirements of the Statute of Frauds. Buyerbreaches thecontract and seller resells to a local company for $900. Discuss the remedies that are availa
When a warranty covers the future performance of goods, thebreach occurs:
A. at the time thebuyer should have discovered the defect in the product.
B. anytime within four years after thebuyer discovers the defect.
C. anytime within ten years after thebuyer discovers the defect.
D. none of the above
In most cases, the remedy for a breach of contract is monetary damages (actual losses). In some cases, "specific performance" is the appropriate remedy. What is specific performance, why would the aggrieved part want it, and when would a court require specific performance?