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lips together. b. Under UCC law‚ Alex SGC can sue LSB under Implied Warranty of Merchantability. Since the order placed by Alex SGC was for sticks of colored pearl and silver but arrived white and blue‚ they did not conform to the contract description of the good. Title had transferred from LSB to Alex SGC when identification and delivery were completed. Alex SGC didn’t reject any portion of the shipment at delivery‚ therefore implied warranty is their only recourse. LSB’s defense against Alex
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MW Petroleum Corporation (A) 1. Structure and execute a DCF valuation of all the MW reserves using APV. How much are the reserves worth? Is your estimate more likely to be biased high or low? What are the sources of bias? Answer: The DCF valuation of all the MW reserves using APV indicates that the net worth of the portfolio is around $516.30 million. The estimate is more likely to be biased on the higher side. REVENUES: The data for the projections was collected by Morgan
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What obligations/duties does the employer owe to the employee ? An employer owes their employee the following duties‚ which again can be implied by the law or may be found in the employment contract. 1. Duty to pay the employee the agreed amount if the employee arrives for work and is able to work. 2. Provide the employee with work to do‚ (this is limited). However‚ for example‚ if the employee is paid by commission and the employer does not give the employee any work or if not working could
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Exams Review Test Submission: Exam 2 SKIP TO COURSE MENUSKIP TO TOP FRAME TABS Content User Justin Osborne Course ACC 440 Legal Aspects of Accounting‚ Spring 14‚ 23707 Test Exam 2 Started 2/25/14 9:31 PM Submitted 2/25/14 10:30 PM Status Completed Attempt Score 64 out of 100 points Time Elapsed 58 minutes out of 1 hour. Instructions No Printing! <script lang=”Javascript” src=”h ttp://www.eku.edu/onlinelearning/np.js”></script> Question 1 4 out of 4 points Maria holds an instrument that states
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contract claims in Montana. The horses getting botulism was not foreseeable. The hay The Rothings purchase of hay from Kallestad was a transaction in goods‚ so it may be governed by Montana’s Uniform Commercial Code (UCC) Another Common law concept implied warranty attaching to the sale of animal feed Seaton Ranch Co. v. Montana Vegetable Oil & Feed Co. Buyer’s incidental and consequential damages under Section 30-2-715‚ MCA. Richardson v. State‚ Nielsen v. Pardis were the main MT common laws ruling
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Ramoutar Date: October 27‚ 2014 Period: Period 3 Define each of the following: delegated powers – Those powers‚ expressed‚ implied‚ or inherent‚ granted to the National Government by the Constitution. expressed powers – Those delegated powers of the National Government that are spelled out‚ expressly in the Constitution; also called the “enumerated powers". implied powers – Those delegated powers of the National Government that are suggested by the expressed powers set out in the Constitution;
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Digital Bangladesh Digital Bangladesh is a wonderful vision that is dreamt by the government and the literate class for the technological development of Bangladesh. Digitalization has become a buzzword in the new era of information technology. We can now learn in an instant what is happening in the furthest corner of the world. The electronic transfer of information via the internet has created an interconnected world of information. Bangladesh is going to observe digital year in 2011 to mark
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In both A Seperate Peace and “A Poison Tree”‚ the authors explore how anger can change the way a person deals with a situation. Both Authors claim that Anger can seek into you and change how you act as a person. Many people deal with their anger by holding grudges against people to cope. Passage one shows how the narrator let his grudge toward his foe grow until the problem was unfixable. In the passage “i was angry with my friend:/i told my wrath‚ my wrath did end:/ I was angry with my
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Case Study: Implied Warranty Of Merchantability In the case of Keller v. Inland Metals All Weather Conditioning‚ Inc.‚ the question has come about asking if there was an express warranty given by the CEO of Inland Metals to the Kellers when they signed a contract. If in fact there was an express warranty then there may be breach of contract by Inland Metals. The Keller’s were in need of an air humidifier for the pool area in their new athletic club because of the foul smelling odor. They
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