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When one of the parties to a contract fails to perform its obligations, under the UCC the injured party has a variety of remedies available depending on the type of breach, the statute of limitations, and whether the injured party is the buyer or seller.
Suppose that Smile Dentist, Inc. is buying 150 new dental chairs from Sit Back, Corp. Because the parties are long-term business partners, a contract that both parties signed included a provision that any breach of the agreement will result in damages of $1 being paid to the non-breaching party. Five years after the agreement is signed and the chairs delivered, a dispute arises when 30 percent of the chairs begin to malfunction during prolonged use. Smile Dentist sues Sit Back for its lost profits as a result of having nearly one third of its chairs out of commission. [Assume that the parties agreed to extend the statute of limitations to six years.]
Suppose that instead of happening five years after the initial sale, the breach happened just one year later. Would Smile Dentist be able to recover its lost profits, and if so under what doctrine? [Assume that no substitute chairs were available for a comparable price, and that the defective chairs injured no patients.]
Evaluate the bargaining process, highlighting what is part of the early stages, the later stages, and the final stages.
Provide one example of a sitution in which it seems to be more important for a business to be ethical than lawful, and one example of a situation in which it seems more important for a business to be lawful rather than ethical.
It is important to recognize that for any given endeavor, one can be effective and but not efficient and vice versa". The purpose of this activity is to not only understand the differences but how the two terms can coincide to influence productivity...
Considering a new target market and any modifications, new product line extensions or new products you may have developed to serve the new target market needs, create your 'Big Idea" to be the basis of the message strategy for all your marketing comm..
What do you think would constitute an effective alternative dispute resolution system?
you work for a large technology firm. recently the human resources department has provided notice that a vacancy has
Steve Ells (Chairman of Chipotle mexican grill) has just received an EOI (expression of interest) letter from vietnamese investor Phan Dinh for a liscense to operate a ShopHouse Southeast Asian Kitchen franchise in Hanoi, the capital of Vietnam. Iden..
the objectives and functional tactics done for our implementation plan. Please use the correct strategies already used in the paper.
Select the functional area in which you are most interested. Then, conduct additional research to identify the general responsibilities and duties associated with nurses working within this area.
In this simulation, you are the procurement manager of a large hospital within the Bright Road Health Care System, and you are faced with a dilemma. Work through the entire Stockpiling scenario and discuss your recommendations. Your recommendations M..
Astro Industries of Minneapolis, MN, makes weekly shipments to 20 customers in the Dallas area. Each customer’s order weighs, on average, 1,500 pounds. A direct truck shipment from Minneapolis to Dallas costs $1,800. The maximum load per truck is 40,..
Write a one-pager describing your opinion and understanding of proper classification of activities, stating their importance and allocating resources, plus the pro's and con's of using tools such as the Gantt Chart.
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