Question

In: Economics

11. If the offer has been revoked, it has no longer valid and has no binding force upon the offerer.

T or F

11. If the offer has been revoked, it has no longer valid and has no binding force upon the offerer.

12. In Liner transportation, the freight is inclusive of loading and unloading costs.

13. According to Incoterms 2020, under FCA, if the place of delivery is at seller’s premises, the seller fulfills his delivery obligation when the goods are loaded on the means of transport provided by the buyer.

Solutions

Expert Solution

Answer 11:

True.

If the offer has been revoked prior to its acceptance, the offer becomes invalid and hence, the offerer is not liable for any penalties or reimbursements. According to Indian Contract Act, 1872, a valid contract forms only when one person makes an offer to the other and the other accepts the offer to perform some task in return of some valid consideration.

Answer 12:

True.

Under liner transportation service, freight paid to the carrier includes the loading and unloading charges along with the carriage of the goods. The carrier is responsible for such carriage of the goods.

Answer 13:

True.

According to Incoterms 2020, under free charge contract, the seller is obliged only to hand over the goods mentioned by the buyer to the specified carrier and also specify clearly the place of delivery. The seller is only responsible for providing all the possible assistance to the buyer regarding procurement of all the necessary documents.


Related Solutions

George’s PTIN has been revoked as a disciplinary measures which of these can’t he do
George’s PTIN has been revoked as a disciplinary measures which of these can’t he do
A valid contract has four required elements: agreement (offer and acceptance), consideration, capacity, and legality. Even...
A valid contract has four required elements: agreement (offer and acceptance), consideration, capacity, and legality. Even when those four elements are present, there can be a valid defense to a contract’s enforceability. For each of the following, answer whether there is an enforceable contract and explain either why or why not. Example: Betsy hires Frank to transport a shipment of cocaine for her. Answer: Not an enforceable contract. The element of legality is not satisfied because a contact to commit...
A valid contract has four required elements: agreement (offer and acceptance), consideration, capacity, and legality. Even...
A valid contract has four required elements: agreement (offer and acceptance), consideration, capacity, and legality. Even when those four elements are present, there can be a valid defense to a contract’s enforceability. For each of the following, answer whether there is an enforceable contract and explain either why or why not. Example: Betsy hires Frank to transport a shipment of cocaine for her. Answer: Not an enforceable contract. The element of legality is not satisfied because a contact to commit...
A patient who has recently been in a car accident no longer remembers how to tie...
A patient who has recently been in a car accident no longer remembers how to tie his shoes or ride a bicycle. Which memory circuit was affected by the accident? Give two regions of his brain that have possibly been damaged as a result of this accident.
Draw the graph of a market where a binding price floor has been introduced. Analyze the...
Draw the graph of a market where a binding price floor has been introduced. Analyze the welfare effects by pointing out the change in economic surplus and its reallocation from one party to the other. Show those effects on the graph.
Can someone critique my paper please ? Excessive force has been defined as using more force...
Can someone critique my paper please ? Excessive force has been defined as using more force than required to gain compliance in an incident (Phillips, 2015). One of the most controversial incidents of deadly force by police officers involved an unarmed teenager named Michael Brown. Michael Brown was a black teenager from Ferguson, Missouri. The incident occurred on the 9th of August in 2014; a Ferguson police officer shot and killed the eighteen-year-old. The argument is that because Brown was...
You are caring for a child with an arm fracture that has recently been casted. Upon...
You are caring for a child with an arm fracture that has recently been casted. Upon routine assessment you notice that his fingers are swollen, capillary refill is sluggish, and he is stating that his arm feels "funny". What should your first action be?
It has been speculated that gravity does not truly exist as a force in itself, but...
It has been speculated that gravity does not truly exist as a force in itself, but is instead a manifestation of the electrostatic force, which is the force responsible for the repulsion of like-charges and the attraction of opposite charges. Do you believe this is a credible theory? Why or why not. What experiment could you devise to test this theory?
a. A force of 40 lb is necessary to hold a spring that has been stretched...
a. A force of 40 lb is necessary to hold a spring that has been stretched from its natural length of 10 ft to a length of 15 ft. How much work is done in stretching the spring from 15 ft to a length of 18 ft? (Hint: Use Hook’s Law F = kx, where x represents distance that the spring is stretched or compressed past its natural length) b. A tank full of water has the shape of an...
West Coast Architects (WCA) has been operating for the last ten years now. No longer the...
West Coast Architects (WCA) has been operating for the last ten years now. No longer the new kid on the block, the organization has steadily become more professional during your time here. Five years ago, the company had 50 employees and now has grown to 100 staff in Vancouver, Calgary, and Toronto. You have been successful in your career as a people manager practicing what you learned in your many years ago. You are managing an HR Department that is...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT