Ketchman Professor Campos Procurement and Contract Law March 11‚ 2013 Warranties are not mandatory for the government and it is up to the Contracting Officer (CO) to decide if one is needed for the services or supplies they are procuring. Warranties fall under two categories; express and implied (Feldman‚ 2012). The Federal Acquisition Regulation (FAR) Subpart 46.7 Warranties covers the requirements and criteria of warranties that the CO must follow. According to FAR 46.703 the CO has to consider
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Commercial Code (UCC) to recover damages resulting from the breach of an express warranty by the defendant. A jury in the United States District Court for the District of Kansas found in favor of the plaintiff. The defendant appealed the decision. SUMMARY OF KEY FACTS 1. Plaintiff filed suit in the United States District Court for the District of Kansas against the defendant for breach of an express warranty under Kansas law. 2. Plaintiff argued that the product purchased from defendant
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accepting the terms and completing the order‚ Richard noticed a hyperlink reading‚ “PLEASE CLICK TO SEE OUR IMPORTANT WARRANTY POLICY.” Due to his technological naivety and old fashioned business savvy‚ Richard relied on the hyperlink’s language and the website’s advertising to conclude the product was suitable for personal and small business application and included an “important warranty policy.”
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MARINE INSURANCE ACT 1963 THE MARINE INSURANCE ACT‚ 1963 ACT NO. 11 OF 1963 [18th April‚ 1963.] An Act to codify the law relating to marine insurance. BE it enacted by Parliament in the Fourteenth Year of the Republic of India as follows:-Short title and commencement. 1. Short title and commencement. (1) This Act may be called the Marine Insurance Act‚ 1963. (2) It shall come into force on such date 1* as the Central Government may‚ by notification in the Official Gazette‚ appoint. Definitions.
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Sample of Documents: Letter of Appointment Date : Our Ref. : LETTER OF APPOINTMENT (TO WHOM IT MAY CONCERN) We hereby certify (Name of Company)‚ a company incorporated in the Republic of Singapore having its principal place of business at (Singapore Address of Company)‚ (Postal Code) is pleased to confirm the appointment of: (Name of Indonesian Company) (Company / Office Address) As our Agent / Distributor (exclusive or non-exclusive) for the Territory of the Republic of Indonesia for
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1). Which of the three approaches to accounting for extended warranty and service contracts is most consistent with the actual substance of a sales transaction involving equipment and an extended warranty contract? Approach number one‚ the Full revenue recognition is the most consistent due to the reasons which are demonstrated on exhibit two according to the Financial Accounting concept No.5. As stated in this exhibit‚ Revenues must be both realized and earned prior to the recognition. In this
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One major trend in the home warranty industry is real estate and the marketing strategy that is targeted towards new and current homeowners.Home warranty policies are purchased and utilized to protect a homeowners major systems and appliances. Sean Salter‚ Ken Johnson and Randy Anderson (2004) explains the significance of a home warranty‚ specifically to new homeowners offers the sense of a piece of mind as the purchase of the warranty is usually covered by the sellers (Salter‚ Johnson & Anderson
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performance or safety problems that cannot be readily repaired. State lemon laws provide consumers with courses of action they can take when they have purchased a defective automobile‚ motor home‚ or motorcycle. If a vehicle fails to comply with its warranty‚ or the use‚ value‚ or safety is substantially impaired‚ then the state ’s lemon law has set forth steps the consumer can take to be compensated for the problems. Lemon laws allow the manufacturers and dealers a reasonable amount of time to correct
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We are the only motorcycle on the planet with lifetime warranty and we are the only motorcycle brand to win back to back championships at the world title for our sport. In an over competitive and industry dominated by just a few well established and familiar brands it’s our job as an underdog‚ as an emerging brand to punch above our weight. We have to out do the others in componentry‚ we have to out do their warranty (braaap Lifetime Warranty)‚ we have to offer more customization (Choose any colour)
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packer and decided to purchase several of them only to determine that they did not function as advertised. Plaintiff decided to file suit‚ under the Kansas Uniform Commercial Code (UCC)‚ the plaintiff’s claim that there was a breach of an express warranty by the defendant. The production injection packers did not perform as advertised. A jury in the state of Kansas found in favor of the plaintiff. The defendant appeals the decision. II. Facts Transamerica’s president‚ Harold Brown‚ saw a Lynes
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