Answers to Essay Questions: Chapter 8 8. Injured parties can recover damages by suing‚ asserting negligence under the Uniform Commercial Code (UCC). 9. To sue for negligence‚ the plaintiff must establish that the defendant breached its duty of care‚ creating an unreasonable risk to harm and such negligence or carelessness was the proximate cause of the plaintiff’s injury. 10. Strict liability is a liability ascribed to a manufacturer or seller of a defective or dangerous product regardless
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or patio. Ali would then visit the customer and try to persuade them to buy a new drive way or patio. Ali would receive commission when the customers paid their deposit. Occasionally‚ to prevent the customer withdrawing from the contract‚ HPC Ltd would revisit the contract Ali had made and reduce the price. This resulted in reduced commission for Ali. Potential leads were given to Ali by HPC Ltd. If Ali couldn’t make an appointment Ali could arrange for another member of the team to go‚ if this
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Chapter 19 Comprehensive Problem 83 Identify significant tax and non tax issues of concerns that may differ across entity types. Limited Partnership: Tax issues and concerns: Partners will pay taxes on profits they receive from their investments. Tax liability is determined by tax basis base on original investments. In this case Dawn is 30%‚ Linda is 30% and Mike is 40%. Partners need to pay taxes on income whether they receive this income or reinvested back into the business. General or active
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1) What are Bahrain Bay’s four foundational philosophies‚ and how might they be used as marketing tools? 2) What would you see as being Bahrain Bay’s mission? “Building Customer Relations for the Future”. Based on the Bahrain Bay’s mission‚ I think it describes the ventures because through out the development of the project we can see that it’s becoming bigger and bigger with every new customer or best described as a new member of this business environment. 3) What is the MIPIM‚ and why was it
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Contract Law Cases The Offer Meeting of minds: Clarke v Earl of Dunraven and Mount Earl: Yacht races. Letters sent in Communication (in writing‚ speech and conduct): Carlil v Carbolic Smoke Ball Co: pay back 100 if you get influenza. Deposit 1000 The Acceptance: Strictly in response to
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1 App Cas 554 has been criticised where ‘a valuable consideration‚ in the sense of the law‚ may consist either in some right‚ interest profit or benefit accruing to the one party or some forbearance‚ detriment‚ loss or responsibility‚ given‚ suffered or undertaken by the other’. Due to Angela falling ill‚ Nick accepts half the original amount of rent being payment of a lesser sum but the rule at common law being the rule in Pinnel ’s Case (1602) 5 Co Rep 117a‚ is that the payment of a lesser
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Question 1 A sweatshop is a working environment with very difficult or dangerous conditions‚ usually where the workers have few rights or ways to address their situation. This can include exposure to harmful materials‚ hazardous situations‚ extreme temperatures‚ or abuse from employers. Sweatshop workers are often forced to work long hours for little or no pay‚ regardless of any laws mandating overtime pay or a minimum wage. Child labor laws may also be violated. Though often associated with
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whether a valid contract was formed and who it was formed with. As Rick’s girlfriend didn’t buy the laptop and is under the age of 18 she wouldn’t be able to return the laptop as there has been no contract formed with her. However we can assume that her boyfriend is over the age of 18 and as he bought the laptop this means the contract was formed with Rick instead of Rick’s girlfriend. The type of contract that was formed with Rick was a standard form contract this is a type of a contract is a legally
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periods of time as opposed to one period of time when using cross-sectional data. II. What is the identification problem? What effect will this problem have on the regression estimates of a demand function? Explain. The identification problem occurs when there is an inability in the principle to identify the best estimate of values of one or more variables in regression. This problem effects regression estimates of a demand function because there is a simultaneous shifting of both the supply and
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You have had a number of different problems with the item including the following: • Did not match the model you saw on display in the store or the picture on the box • The screen was slightly damaged when you first took it out of the box • Not able to make or receive calls periodically • Not able to connect to the internet • Not able to access the settings • Switching itself off when making calls • Getting extremely hot when it is on charge There are laws to protect consumers against scenarios
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