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

  Explore and develop key capabilities

Explore and develop key capabilities in one of the three key leadership capabilities (competencies) addressed in the unit - develop an action plan of key events and activities that they can undertake over the next 6 months to acquire the knowledge,..

  Is given statement true or false

Therefore, short-term bond prices are more sensitive to interest rate changes than are long-term bond prices." Is this statement true or false? Explain.

  Davids fifth amendment privilege against self incrimination

David's counsel moved the court either to grant a judgment of acquittal or alternatively to strike the courtroom identifications on the ground that the lineup had violated David's Fifth Amendment privilege against self-incrimination and his Sixth ..

  Do you think a lifetime guarantee is too generous

Do you think a lifetime guarantee is too generous for this kind of product? Why or why not?- What impact will this policy have on quality standards in the company? Be specific.

  Was the store negligent in its conduct

Hawkins brought an action to recover damages for injuries sustained in the fall. Was the store negligent in its conduct?

  Defend your plan selection with material from the text

From what you have learned so far, which of the following insurance plans listed below do you personally prefer, assuming each one costs the same? Defend your choice (both your selection and rejections) with reasons drawn from these readings:

  Describe several strengths of each of the profiles

Go to LinkedIn.com. Review a minimum of three different individual profiles. Then, in 8 PowerPoint slides, using the rules of color and graphics and text, describe several strengths of each of the profiles you reviewed and inform your audience of ..

  Discuss effects on emc''s planning and operating processes

Discuss the effects on EMC's planning and operating processes if EMC implements a "demand pull" production system. Identify and describe at least five benefits to EMC that should result form the demand pull" production operating approach

  What are key managerial skills and competencies

What are key managerial skills and competencies. Explain how they vary across management levels.

  What aspects of the evolution of digital photography

What aspects of the evolution of digital photography made it disruptive for film photography and discuss two reasons why incumbent firm using established technologies.

  Prepare a complete information security management plan

Drawing from the textbooks and class discussions, please prepare a complete information security management plan to implement the risk assessment's recommendations pursuant to the CIO's directions

  Explain the main purpose of a quality management plan

Explain the main purpose of a quality management plan? What are two metrics - besides those provided in this chapter - that Kristin and her team could use on the Just-In-Time training project? Besides ensuring that classrooms are ready for training, ..

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