• they have failed to specify the quality or grade of the goods to be delivered. • they have failed to specify when payment for the goods is to be made. • they have failed to specify where delivery of the goods is to be made. 6. "What if everyone took these same actions?"
What is bill and hold transaction? Can revenue ever be recognized if such an arrangement exists? Ans: Bill and hold transactions are those transactions that occur when a company invoices its customer, but has not yet shipped the products. The revenue recognition is appropriate when the products are delivered assuming the seller had no rights or risks associated with the products once they were
For example, one question might be, “Are customer credit limits set and modified by a credit manager with no sales responsibility?” B.) For each Yes/No question, write a brief explanation of why a “No” answers represents a control weakness. A.) Questions Yes No 1.) Are picking list quantities compared to sales orders?
The Court also rejected counterclaims asserted by Amazon, arising out of Toys R Us's alleged failure to maintain levels of inventory sufficient to meet customer demand. The Court's 132 page decision provides a window into the negotiation of a highly complex transaction, in which the parties have competing visions of the structure of the transaction, and settle on contractual language that does not fully express those visions, or resolve the parties' conflict. In resolving this dispute, the Court elected not to base its determination on the literal meaning of the words ultimately accepted by each side. Instead, it strove to find their intentions in entering into this Agreement, and to give effect to those intentions. In so doing, the Court found that it was the parties' intention, under their agreement, to make Toys R Us the exclusive toy retailer allowed to market on Amazon.com.
| As Mrs Donoghue had not purchased the beverage she was required to claim damages for negligence. | New precedent made and established the modern law of negligence. | Case Name and area of Law related to: | Facts of case | Decision: | Points of Law/ Key Judgements | Development (Law before and after)- Significance of the case: | Grant Vs Australian Knitting Mills1936 | Grant bought some woollen under garments and wore them without washing them. excess sulphite was in the underwear and Grant suffered a personal injury as a result. | Grant Successful.
Mary should have stated that time is of the essence in her contract with SHAKE so that her intention is clearly defined. This is a breach of warranty. The commercial project between The Cookie Monster and Mary was not known by SHAKE, therefore it is not in contemplation by SHAKE. With reference to Hadley v Baxendale(1854) case, the court held that Baxendale was not liable for the loss of profit. Baron Alderson held that : ‘Where two parties have made a contract which one of them has broken, the damages which the other party ought to receive in respect of such breach of contract should be such as
f. Management are not focusing on the customer’s needs, instead they are only focusing on the product and assuming that the customer are will to buy a high quality product. 2. Do you agree with their current strategy, why or Why not? ABC didn’t adapt a good strategy (i.e., don’t agree on their current strategy) which leads to them to failure because of the following reasons: * Failure to listen to market place. * ABC did not adapt its product to meet customer’s demand (i.e., not focusing on customers need).
Stella exemplifies the perceived domestic role of women during that period, staying at home while Stanley goes to work. She does not have a profession and it is implied that Stanley handles the financial matters of the house from where she states that he “likes to pay bills himself” (Williams 161). When Stanley hears from Stella that Blanche lost Belle Reve, he is immediately suspicious and demands that Blanche show him the paperwork. He gives a speech about the “Napoleonic code”, under which what belongs to the wife belongs to the husband (Williams 133). Neither Blanche nor Stella knows about the code, which reinforces this stereotype.
Soon after her fathers death Emily starts to date a much younger man who is in town to work on the sidewalks. His name is Homer Barron, and he is known to enjoy the company of men, but is not the marrying kind. The town is totally against the affair and tries to bring in Emily’s cousins to put an end to their relationship. Next, the story tells how Emily is finally seen outside her home buying rat poison. The town’s people think she is going to kill herself because Homer had put an end to their relationship.
The doctrine of privity in the common law of contract provides that a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to it. The premise is that only parties to contracts should be able to sue to enforce their rights or claim damages as such. However, the doctrine has proven problematic due to its implications upon contracts made for the benefit of third parties who are unable to enforce the obligations of the contracting parties. Privity of contract occurs only between the parties to the contract, most commonly contract of sale of goods or services. Horizontal privity arises when the benefits from a contract are to be given to a third party.