Law and Corporate Managers – Prof. Larry Franklin Question Two A. (i) For refusal In order to honor the LC‚ the Seller has to comply exactly with the terms of the letter of credit. There are numerous typo errors in the LC and misspellings of the destination port and the Seller name‚ hence only a waiver of the discrepancies from JFTC will enable Bank of China to pay the Seller. As long as the waiver is not received‚ the BOC cannot make any payments. BOC has to state why it is not going to
Premium Contract Corporation Types of business entity
Nontraditional Litigation Systems Law/531 [ July 30‚ 2012 ] The traditional legal system of utilizes law as it is foundation for all decisions. Laws in the United States have four sources; constitutional‚ statutes and ordinance‚ common law and administrative. The features of these four are: * Constitutional Law is based on a formal document that defines broad powers. Federal constitutional law originates from the U.S. constitution. State constitutional law originates from the individual state
Premium Law Court
NewCorp Scenarios Legal Brief LAW/531 December 21‚ 2011 Paul Loock NewCorp Scenarios Legal Brief What liability does NewCorp have in this situation? NewCorp may have to deal with a couple liability issues‚ one of which has to do with Sam the supervisor of electrical manufacturing for automotive who has developed a relationship with one of his employees. The relationship has taken a turn for the worse‚ and was ended by Paula‚ which Sam was not in agreement and wanted to continue dating
Premium Employment Law Discrimination
Regulatory Laws and Torts in Alumina Simulation Kathleen Kraft-Smith LAW 531 Martine Anderson University of Phoenix Regulatory Laws and Torts in Alumina Simulation Alumina is a manufacturing plant specializing in automotive components‚ packaging materials‚ bauxite‚ refining‚ and smelting. Lately this organization has been dealing with an EPA violation that occurred‚ and was corrected‚ five years ago through an individual that states harm has occurred based on this violation. A closer
Premium Management Regulation United States Environmental Protection Agency
Week 3 Learning Team Reflection Leslie Burns‚ Karla Canez‚ Mallory Herring‚ and Alissa Mildebrath LAW/531 January 13‚ 2013 Carol Parker Week 3 Learning Team Reflection There are several factors to consider when contemplating a potential lawsuit or settlement. As a person who is not trained in the law‚ it is important to seek counsel before making any decisions. Counsel can provide professional guidance in a field that a victim may
Premium Law
Chapter 50- Real Property and Landlord- Tenant Relationship Landlord Tenant Relationship A Lease Contract arises when a property owner (Landlord) agrees to give another party (Tenant) exclusive rights to possess the property- usually for a price and for a specified term. Landlord Duties 1. Implied warranty of habitability- The premises must be fit for basic human habitation 2. Possession- A landlord is obligated to give a tenant possession of the property that the tenant has agreed to
Premium Partnership
Chapter #10 International Monetary System: Institutional arrangements that countries adopt to govern exchange rates. Floating exchange: exists when a country allows the foreign exchange market to determine the relative value of a currency. Pegged exchange rate: means the value of the currency is fixed relative to a reference currency. Fixed exchange: rate system exists when countries fix their currencies against each other. Value of the currency: is determined by market forces. The gold
Premium Foreign exchange market
Nontraditional and Traditional Litigation Felicia Cobbs Law 531 Business Law Professor Herndon October 17‚ 2011 Nontraditional and Traditional Litigation “Litigation is the bringing‚ maintaining‚ and defense of a lawsuit” (Cheeseman‚ 2010). There are two forms of litigation: traditional and nontraditional. The pretrial process is divided into pleadings‚ discovery‚ dismissals and pretrial judgments‚ and settlement conference. This is followed by the trial proceedings and appeals‚ if applicable
Premium Dispute resolution Pleading Mediation
FINAL EXAM Ruth carelessly parks her car on a steep hill‚ leaving the car in neutral and failing to engage the parking brake. The car rolls down the hill‚ knocking down an electric line. The sparks from the broken line ignite a grass fire. The fire spreads until it reaches a barn one mile away. The barn houses dynamite‚ and the burning barn explodes‚ causing part of the roof to fall on and injure a passing motorist‚ Jim. Can Jim recover in negligence from Ruth? Why or why not? Negligence
Premium Tort Tort law Negligence
Title Course Instructor Date Women’s Progression Through Employment and Labor Laws The United States of America is known as the land of the free and home of the brave. Americans are privileged to live in a society where there are laws created and continuously enforced to ensure the protection of the citizens’ rights. Law-breakers have consequences and punished for their wrongdoings and not obeying the law. The government is expected and challenged to practice equality in all decisions
Premium United States Barack Obama President of the United States