User Account

All Pages

Excess payment until some nine months after delivery

Assignment Help Business Management
Reference no: EM131172000

Shipbuilder had contracted to build a tanker for North Ocean Tankers. The contract was in US dollars and didn't contain any provisions for currency fluctuations. Approximately halfway through construction of the ship, the United States devalued its currency by 10 per cent. As the shipbuilder stood to make a loss on the contract, it demanded that an extra US$3 million be paid or it would stop work. The buyer reluctantly agreed under protest to pay, as he already had a charter for the tanker and it was essential that it be delivered on time. The buyer didn't commence action to recover the excess payment until some nine months after delivery. Will the buyer succeed in recovering the excess?

Reference no: EM131172000

Questions Cloud

Compare and contrast the three models of culture : Compare and contrast the three models of culture. Next, select one of the researched international competitors, and ascertain the model of culture that is most appropriate for the selected international competitor.
Legal effect of andrew fax and ben : Analyze and explain, with reference to legal principles, the legal effect of Andrew fax and Ben's letter of 24 February Explain, with reference to Ben's text message stating 'decline your offer of pots'.
Estimate the heat effect per mole of hcl neutralized : Estimate the heat effect per mole of HCl neutralized if the tank is maintained at 298.15 K (25°C) and 1 atm and the neutralization reaction goes to completion.
Share ideas with your colleague : Share ideas with your colleague below about how he can address the questions he has posted and make recommendations for refining his research topic.
Excess payment until some nine months after delivery : The buyer didn't commence action to recover the excess payment until some nine months after delivery. Will the buyer succeed in recovering the excess?
Examine how and why migration is increasing globally : Examine how and why migration is increasing globally. Address the increasing immigration situation in the U.S. State and explain your perspective on whether the U.S. is inclusive or exclusive to migrants.
Define organizational environment : Would the task environment of a new Internet-based company be the same as that of a large government agency? Discuss.
Sources of debt financing : Briefly describe a small business you could envision yourself owning and discuss the most appropriate source of debt capital for that business. Explain your rationale.
Investment decisions or financing decisions : All finance decisions are either investment decisions or financing decisions. Investment decisions involve the purchase and sale of any assets (not just financial assets). Investment decisions show up on the left-hand side of the balance sheet.

Reviews

Write a Review

Business Management Questions & Answers

  A customer focused and centered perspective

Why do some firms neglect to operate from a customer-focused and centered perspective, given that customers represent the "bloodline" for any organization?

  Describe the pros and cons of self-managed

Describe the pros and cons of self-managed and virtual teams and show projects that would benefit from the use of these two types of teams.

  Do you ponder the advantages outweigh the disadvantages

Do you ponder the advantages outweigh the disadvantages more in the way the management staff handles the generation gap or outweighs

  Illustrate what is the amount that the shareholder deduct

Illustrate what is the amount that the shareholder may deduct on his personal income tax return, assuming the at-risk and passive activity rules do not apply?

  Attitude about business management

Discuss how your attitude about business management has been impacted by the information from gained in business class.

  Describe the changes that a stage iii organization

Describe the changes that a Stage III organization must make in order to transition to the consolidation stage of Stage IV.

  Examine funding opportunities for small businesses

Examine funding opportunities for small businesses including the role of the Small Business Administration

  Evaluate current quality assurance effortsresources

Evaluate Current Quality Assurance EffortsResources Evaluate Current Quality Assurance Efforts Scoring Guide.

  What is the molarity of the acid

A 25.0 mL sample of H3PO4requires 50.0 mL of 1.50 M NaOH for complete neutralization. What is the molarity of the acid?

  The use of safety stock affect the total annual inventory

How will the use of safety stock affect the total annual inventory cost?

  Problem regarding the breach of contract

Johnny, a neighbor who is not a merchant under the Uniform Commercial Code, offers to buy a car from Mark for $30,000.   Mark asks Johnny for some time to think about it. Johnny says sure. He writes on a piece of paper that he will keep the offer ..

  Important information about comparing fmc aberdeen and fmc

important information about comparing fmc aberdeen and fmc green riverwhat are the differences that exist between fmc

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd