A German seller and a U.S. buyer form a contract. The buyer
breaches. The seller sues in a German court and wins damages, but
the buyer’s assets are in the United States. If a U.S. court
enforces the judgment, it will be because of
Question 33 options:
the doctrine of sovereign immunity.
the act of state doctrine.
the principle of comity.
None of the above.
Buyer and Seller entered into a contract governed by the CISG
for Seller to deliver a sophisticated computer to Buyer by January
1. Seller was late in delivering themachine, so Buyer wired Seller
on January 2: “Anxious to take delivery of the computer. Hope that
it arrives by February1.”Seller delivers the computer on February
5, but Buyer refused to accept it and declares that the contract is
avoided because Seller failed to hand over the computer before the
February 1...
One distinguishing difference between the buyer of a futures
contract and the buyer of an option contract is that the futures
buyer:
A) Pays a much higher premium than option buyers
B) Has an obligation to purchase, not a choice
C) Can lose no more than initial premium
D) Has increased rather than reduced risk
Seller and buyer enter into a contract for buyer to purchase
1,000 pot holders for $1,000. Assume for purposes of this question
the contract is in writing and otherwise meets all requirements of
the Statute of Frauds. Buyer breaches the contract and seller
resells to a local company for $900. Discuss the remedies that are
available to the seller
Buyer and seller of goods enter into a shipment contract for
delivery of the goods by carrier to the buyer. Title of these goods
passes to the buyer when the (a) seller hands over the goods to the
carrier (b) buyer takes the actual delivery of the goods (c) buyer
receives a receipt for the goods (d) all of the above
Consider a buyer and seller who enter into a contract where the
seller produces a good and delivers it to the buyer for payment. At
the time of making the contract, the seller is uncertain as to the
actual cost of the project, and the situation is described by the
following:
Cost = 30 with probability 60%
Cost = 70 with probability 20%
Cost = 150 with probability 20%
Before production occurs, the seller does learn the cost. The
value...
Corey sold his property to Greer, who assigned the
contract right to Bob. The original contract of sale provided for
an extension of credit by Corey to Greer and did not require a
total cash payment at the time of closing. Is a contract for the
sale of real estate assignable by the buyer if it provides for
credit from the seller to the buyer? Explain.
The moment the contract goods are identified by the lessor or
seller, the lessee or buyer has a property interest in the goods,
and therefore an insurable interest.
a.
This statement is true.
b.
This statement is false.
a) Buyer A has entered into a contract for the
sale of goods with Seller B. Seller B has delivered nonconforming
goods but has promised to cure the defects. After three months of
waiting, Seller B has not cured the defect. What remedy does Buyer
A have?
b) Buyer A has entered into a contract for the
sale of goods with Seller B. Buyer A has breached the contract
while the goods are in transit. What remedy does Seller B...