Explain who bears the risk of loss

Assignment Help Management Theories
Reference no: EM131386448

On May 10, the Adair Company, acting through Brown, entered into a contract with Clark for the installation of a milking machine at Clark's farm.

Following the enumeration of the articles to be furnished, together with the price of each article, the written contract provided: ‘‘This machinery is subject to thirty days' free trial and is to be installed about June 1.''

Within thirty days after installation, all the purchased machinery, except for a double utility unit, was destroyed by fire through no fault of Clark's. The Adair Company sued Clark to recover the value of the articles destroyed. Explain who bears the risk of loss.

Reference no: EM131386448

Questions Cloud

Draw the resistor using the mesh shown : The letter omega (Ω), which is used to represent the resistance in ohms, can be found under the text style GREEKC (character W).
Who must bear the loss : On the night of July 2, the tractor was destroyed by fire of unknown origin. Neither Stein nor Beal had any fire insurance. Who must bear the loss?
Explain who has title and who has the risk of loss : Chase defended on the ground that because the shipment was C.O.D., neither title to the tomatoes nor risk of loss passed until their delivery to Chase. Who has title? Who has the risk of loss? Explain.
How to obtain localized fringes : How to obtain localized fringes
Explain who bears the risk of loss : The Adair Company sued Clark to recover the value of the articles destroyed. Explain who bears the risk of loss.
Common business trends of the last decade : For most industries, globalization is arguably one of the more common business trends of the last decade. As your text indicates, there are several considerations that must be evaluated from a contracting standpoint relative to multi-nation operat..
Who is liable for the loss or brown or smith : Suppose Smith had delivered the corn to the railroad in Toledo. After the corn was loaded on a freight car but before the train left the yard, the car was broken open and its contents, including the corn, were stolen. Who is liable for the loss, B..
Why are blocks rather than groups used in symbol libraries : Why are blocks, rather than groups, used in symbol libraries? Can you think of any applications for which you could use groups as well as blocks in a symbol library? Explain.
Compute companys net profit margin for each year presented : CP3-2: Compute the company's net profit margin for each year presented. Explain net profit margin ratio and discuss the results shown above.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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!

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