Reference no: EM132930148

1.A coffee roasting company has analysed its sales to determine that, on average, it sells 8,000 pounds of roasted coffee each year. They deliver roasted beans to their customers all year, with the exception of seven days in the Holidays when they, and their customers, are closed.
The roaster orders 1,000 pounds of beans at a time, and its supplier has guaranteed a 5-day lead time for any orders.
a) If the coffee roaster wants to make sure it can always have enough product for its customers, what is its remaining stock re-order point?
b) How would this figure change if the coffee roaster wanted to keep 2 days amount of buffer stock?
c) Discuss the advantages and disadvantages of keeping buffer stock in this situation.
2. One of the remedies on breach of contract in action is for specific performance. Hower there are cases when the remedy might or might not be granted. With reference to the above statement, identify three cases when specific performance might be granted and three cases when it might not be granted.
3. Alex entered into a five-year written lease agreement for office premises with mercy. After the end of the lease period, the parties agreed that mercy would continue occupying the office premises fotr another five years. On that basis, mercy made extensive renovations to the office premises. She installed new carpets, painted the premises and put in a new heating system.
Alex later changed his mind and told mercy to vacate the office premises claiming the lease agreement has expired.
With specific references to promissory estoppel in the law of contract, advice mercy on her legal rights.
4.Summarise four ways by which a contract might be discharged by operation of the law.
5.Explain four essentials of an enforceable contract.
6.Discuss five remedies available when there is breach of a contract.
7. Summarise three exemptions lied down in tournier v. national provincial and union bank of England (1924). Regarding the banks duty of non-disclosure concerning its customers affairs
8.Define the tern invitation of treat
Explain four types of invitation treat
b) Discuss five valid essentials of a contract
9.Explain five exemption clauses which if included in a contract might be considered null and void.
10.Under the law of contract, certain types of contracts must be evidenced in writing for them to be valid
With reference to the above statement, identify ten types of contracts which must be evidenced in writing in order to be valid.