Question

In: Operations Management

Here is the fact pattern I want you to base your answer on: You want the...

Here is the fact pattern I want you to base your answer on:

You want the latest in mini laptop computers.


You find what you need by searching on the Internet.


The seller is in Taiwan.


You negotiate a deal with the seller over the Internet and buy the computer.


The seller agrees to ship you the computer by boat.


Answer this Question: (minimum 200 words; any format)

What terms (words) would you insist be included in the Sales Contract so you would not bear the Risk of Loss?

Explain in detail why you use specific words and terms (i.e. compare and contrast).

Use the following to guide you:

My Lecture (Business Law)


“Risk of Loss”


“Risk of Loss in International Sales”


Solutions

Expert Solution

I would insist on the seller of mini laptop computers from Taiwan to include the following terms in the sales contract.

1.Risk of Loss

Risk of loss is a legal term that decides which party to a contract bears the risk of damage to products in transit, that is after entering the contract but before the delivery of the items. It covers the risk of occurring any damage to a commodity during its transportation. Normally the seller of a product bears the risk of loss. In this particular case, I must insist on the mini laptop computer seller in Taiwan to include the same in the sales contract so that I will have clarity regarding the risk of the potential damage that can occur during its shipping in a boat.

2.Price and payment

A sales contract must contain all the details of price and payments such as the price of the product, advance payment if any, outstanding if any, shipping charges if any, etc. In this particular case, I must insist on the mini laptop computer seller in Taiwan to include the details of the amount already paid for the initiation of the purchase, outstanding amount if any, clarity regarding shipping charges if any, etc.

3.Delivery

A sales contract must contain all the details of the delivery of the product such as when and where the item will be delivered. In this particular case, there must be clarity regarding when the mini laptop computer reaches me and also there must be a provision in the sales contract regarding the location from where I will receive the computer.

keosha answered 1 year ago
Next > < Previous

Related Solutions

I, Answer the question following the fact pattern: A] Warehouse manager knows that the cold season...
I, Answer the question following the fact pattern: A] Warehouse manager knows that the cold season has passed. He still has Winter items that he would like to sell. He offers to retailers: - coats @75/ea; 40/15 net 30; Retailer purchases 10 coats on June 30th -gloves @30/pair; 25/15; Retailer purchases 50 pairs of gloves on July 1st - boots @140/pair 35/5; Retailer purchases 27 pairs of boots on July 5th *** additional 7 and 1/2% for out of season...
​I dont want images of the answer. Please solve here or paste the excel working here...
​I dont want images of the answer. Please solve here or paste the excel working here and not the PNG images. Thanks Potter Company – Variance Analysis "That’s Great! Not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job controlling costs as well," said Kimberly Donn, president of Potter Company. "Our $18,300 overall manufacturing cost variance is only 1.2% of the $1,536,000 budgeted cost of products...
Fact Pattern You decide to start making tee shirts in your garage with two ELAC classmates,...
Fact Pattern You decide to start making tee shirts in your garage with two ELAC classmates, Moe and Curly. Your tee shirts are selling fast all over Los Angeles. Your tee shirts are unique because they feature animals in a cartoonish manner with cool hats walking down the Venice Beach boardwalk. Your tee shirts sell for $20 a piece. It costs you $5 to make each tee shirt. You, Moe, and Curly are selling shirts as a hobby and had...
Fact Pattern You decide to start making tee shirts in your garage with two ELAC classmates,...
Fact Pattern You decide to start making tee shirts in your garage with two ELAC classmates, Moe and Curly. Your tee shirts are selling fast all over Los Angeles. Your tee shirts are unique because they feature animals in a cartoonish manner with cool hats walking down the Venice Beach boardwalk. Your tee shirts sell for $20 a piece. It costs you $5 to make each tee shirt. You, Moe, and Curly are selling shirts as a hobby and had...
Describe five tests of hardened concrete. Please i want the answer written here not on paper
Describe five tests of hardened concrete. Please i want the answer written here not on paper
I am trying to integrate a Singleton Pattern into this code I had previously made. Here...
I am trying to integrate a Singleton Pattern into this code I had previously made. Here is my code to a previous project: radius = float(input("Please enter the radius: ")) area = 3.14 * radius**2; print("The area is ", area, "square units.") For this project it must be coded in python. Here are the instructions for the project for reference. Implementing Design Patterns with Python Software Design Patterns may be thought of as blue prints or recipes for implementing common...
Discuss the three different types of ready-mixed concrete Please i want the answer written here not...
Discuss the three different types of ready-mixed concrete Please i want the answer written here not on paper
please I want you to answer this question and most importantly, the answer is not already...
please I want you to answer this question and most importantly, the answer is not already available on this site or other site Course Learning Outcome: Apply Organizational behavior knowledge and skills to manage diversified culture in the organizational settings (Lo 2.2). Essay: Differences in Culture and Diversity at workplace Essay Write an essay about the differences in Culture and Diversity at workplace. Use examples, peer-reviewed journals to support your answer. This essay must be at least 1000-word in length....
You will be completing a tax memo on the following fact pattern. Basically, you'll be writing...
You will be completing a tax memo on the following fact pattern. Basically, you'll be writing a memo to a client advising him based on current tax law (prior to recent 2017 legislation). Acquire, Inc. (client), an S Corp, is seeking to acquire Target, LLC (taxed as a C Corporation). Target has 3 shareholders with two of them holding 20% each and one holding 60% of its total shares (1,000 shares total between all 3 shareholders). Only one of Target's...
You want to maximize your utility. Here is your table: Jack in the Box drink: $1.00...
You want to maximize your utility. Here is your table: Jack in the Box drink: $1.00 Jumbo Jack with cheese: $5.00 Drink    Total Utility                  Jumbo Jack                         Total Utility 0          0                                               0                                               0 1          100                                          1                                              600 2          220                                          2                                              1100 3          280                                          3                                              1500 4          330                                          4                                              1600 5          350                                          5                                              1650 1) What is the Average Utility for 2 drinks? 2) What is the Marginal Utility for 4 drinks? 3) What is the Average Utility for 1...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT