Ecn 3000

Satisfactory Essays
International Law
Case: Biddel brothers v e Clemens horst ( CIF sales contract)
Questions:
(1) Who are the parties?
(2) Where are the parties from?
(3) What is the issue of the problem in this case? ( What are they fighting about?)
(4) What is the outcome( what happens at the end of the case who wins?)

Summarize/Question answers:

(1) We are talking about two parties. The seller of goods, in this case we talk about hops. and the buyer of the goods. The Goods will be shipped from point A to point B.

(2) The seller is sending the goods on the ship from San Francisco. And the buyer is in Sunderland expecting the goods.

(3) The problem where the Seller and the Buyer are dealing with is a CIF contract between the two parties, when goods are ready to ship. The buyer want goods from another place/country. And want to inspect the goods when they are ready to leave. But when the buyer had not the oppurtunity to inspect the goods he refused to pay. The San Francisco merchants exchange showed the buyer a certificate of inspecting the goods, but the buyer doenst agreed wit it. He want to inspect the goods by himself.
As a result of that refused the seller to ship the goods. And after that the seller counterclaimed for the buyers refusal to pay on the documents. The lower court ruled in for the defendant buyer. But the court of appeal came back on that decicison and called that the judgement was reversed. So the buyer must pay for the hops whether they arrived of not.

(4) It is a difficult situation. Because on one hand you dont see the problem for the seller to wait for the payment, when the buyer has seen the goods. But there are some answers against that. That are discussed in the case. And finally we are coming to the answer that the Plaintiffs( buyer) claim should be dismissed. Because he have the bill of lading and the policy of insurance of the goods when they are on the sea.

You May Also Find These Documents Helpful

  • Good Essays

    Ecn 3000 Homework

    • 688 Words
    • 3 Pages

    Harris ECN 3000 Homework #1b. Use the following information to answer questions 1-13 below. Two countries, Athens and Troy, produce two goods, ships and food, according to the following production functions: 1 ship = 4 capital + 2 labor 1 food = 1 capital + 3 labor. Athens has 200 units of capital and 100 units of labor available to produce ships and food. Troy has 100 units of capital and 150 units of labor available to produce ships and food. 1. Which good is capital intensive…

    • 688 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Ecn 211

    • 1415 Words
    • 6 Pages

    ECN 212 – SLN 77217 Syllabus Dr. Roberts Microeconomic Principles Fall 2012 Office: CPCOM 430C Phone: (480) 965-4683 E-mail: nancy.roberts@asu.edu Hours: TTH: 7:15 – 8:30 a.m. and 12:00 – 12:30 p.m. Other times by appointment. “Underlying most arguments against the free market is a lack of belief in freedom itself.” -- Milton Friedman COURSE MATERIAL: 1. Textbook: Microeconomics by Boyes and Melvin, 9th edition, (Paperback or 180…

    • 1415 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    3000 Words

    • 7474 Words
    • 29 Pages

    3000 words A SWOT and PESTEL analysis were utilised, allowing the author to gain an insight into both internal and external factors that could affect the event. As well as strengths and opportunities, this analysis highlighted the current weaknesses and potential threats to the business, allowing the author to prepare contingency plans, which could be implemented if necessary. SECTION B – COMMUNITY OVERVIEW 1. COMMUNITY PROFILE Recommended Bid Content: · Provide an overview of the history…

    • 7474 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    ECN 502

    • 1168 Words
    • 5 Pages

    1) Problem 6: Suppose demand and supply are given by Qd = 60 – P and Qs = P – 20. a) What are the equilibrium quantity and price in this market? b) Determine the quantity demanded, the quantity supplied and the magnitude of the surplus if a price floor of $50 is imposed in this market. c) Determine the quantity demanded, the quantity supplied and the magnitude of the shortage if a price ceiling of $32 is imposed in this market. Solution: a. For the equilibrium i) Price: Qd = Qs 60-P=P-20…

    • 1168 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Oxford 3000

    • 2735 Words
    • 11 Pages

    Absorb Abuse Accent Access Accommodation Accompany Accurate Accuse Acknowledge Acquire Across Adapt Adequate Adjust Admiration Admire Admit Adopt Adult Advance Adventure Advise Advice Affair Afford Agency Agent Aggressive Ahead Aid Alarm Alcoholic ally n., v. allied adj. almost adv. alone adj., adv. along prep., adv. alongside prep., adv. aloud adv. alphabet n. alphabetical adj. alphabetically adv. alter v. alternative n., adj. alternatively adv…

    • 2735 Words
    • 11 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The $ 3000 Scholarship

    • 155 Words
    • 1 Page

    money is a ginormous stressor for my family. With the $3000 scholarship I would be able to continue my schooling in better circumstances. I know I will have to work multiple jobs in order to pay for my own schooling, so every bit of money helps. Having this scholarship I would be able to focus on my schoolwork and not focus on the stress of paying for school. Poor Financial situations can cause a lot of stress in the lives of students; having $3000 given to me as a support for school would help reduce…

    • 155 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Engl 3000

    • 1486 Words
    • 6 Pages

    ENGL 3000: Working Paper #1 QUESTION #1b QUESTION #2. 10 points. Please read “Introduction: Who’s There?” in Virtual Shakespeare, pp. vi-ix. BEFORE YOU WRITE: Think over your response to some of the statements, views, and opinions presented by the authors, R L Widmann and Jesse Stommel. Select one or two statements that you think you might use as a touchstone In your study of Shakespeare in English 3000 this semester. IN YOUR ANSWER: Quote one point or topic or statement (which…

    • 1486 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    ECN 5015 Midterm

    • 3237 Words
    • 21 Pages

    Question 1 2 out of 2 points mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"MS Mincho"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} A clinic uses doctors and nurses to serve the maximum number of patients given…

    • 3237 Words
    • 21 Pages
    Satisfactory Essays
  • Good Essays

    Print ECN 340

    • 586 Words
    • 1 Page

    Free Trade Agreements of South Africa Today I’m going to talk about free trade agreements and interest rate of South Africa. I tried to find some currency agreements on the As we know, South Africa with many other countries have trade agreements, but the most important is the free trade agreements. Next, I'll tell you about the contents of these three agreements. 1: Southern African Development Community (SADC) FTA Between 12 SADC Member countries: The content of the agreement is: with 85% duty-free…

    • 586 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    CHG 3000 Vaining

    • 3965 Words
    • 16 Pages

    effectiveness of Tegaderm CHG 3000 dressing and Normal Plain Gauze and Tape dressing over invasive lines to reduce line infection in ICU settings; Randomized Controlled Trial. Abstract Invasive lines are widely used in a patient who needs intensive monitoring by using it. Bloodstream infection has been a major issue and has contributed to an increased rate of morbidity and mortality. This purpose of the study is to investigate the comparison of Chlorhexidine Gluconate (CHG) 3000 dressings and Normal Plain…

    • 3965 Words
    • 16 Pages
    Powerful Essays