Reference no: EM131703958
Comprehension Case
Read the text below and answer the questions.
Suppose that Shackelford Space Systems (SSS), a low-cost provider of launch capabilities for getting payloads into orbit, signs a contract with Teleworld, a supplier of telecommunications satellites used by media outlets around the world. During the launch, a malfunction occurs and one of the rocket motors disconnects early and damages a nearby residence, causing harm to the occupants and forcing the Father, Jim, to miss work for three weeks. Because of the malfunction, the satellite does not achieve the proper orbit and as a result loses much of its functionality. Under the contract between SSS and Teleworld, SSS inserted language attempting to disclaim the warranties of merchantability and fitness for a particular purpose.
1) Suppose that Jim, the Father of the household hit by the SSS rocket engine, sues SSS. SSS asserts a no-privity in tort cases defense. How will the court likely hold?
2) Suppose that Teleworld sues SSS over the botched launch and resulting misplacement of their satellite in orbit. Specifically, Teleworld asserts breaches of SSS's warranties of merchantability and fitness for a particular purpose. SSS argues that these warranties were disclaimed. What two strategies will Teleworld use, and which side has the better argument? [Assume that the disclaimer did not use the word "merchantability," but did make both disclaimers conspicuous, and that both Teleworld and SSS are large firms of 500 or more employees.]
Discuss risk management practices across the company
: Its Audit Committee Chairman would like to propose to the board of directors the formation of a board risk committee
|
Describe that place for the traveler
: What one site (not country or region) would you name? describe that place for the traveler - highlighting its historic, cultural and religious significance
|
Determine problem-miscellaneous journal entries
: Prepare journal entries to record the following transactions, and identify all the affected funds. Many transactions require more than one journal entry.
|
Potential for improving the organization
: Your task is to research "Big Data" and provide a brief summary - critical analysis of its usefulness, or not, to the organization.
|
Shackelford space systems a low-cost
: Suppose that Shackelford Space Systems (SSS), a low-cost provider of launch capabilities for getting payloads into orbit, signs a contract with Teleworld,
|
Record the note payable by aviation training
: On November 1, 2018, Aviation training corp. borrows $60000 cash from community savings and loan. Record the note payable by aviation training
|
Describe the formation of a board risk committee
: Its Audit Committee Chairman would like to propose to the board of directors the formation of a board risk committee
|
What was the war cry of the american revolutionary war
: What was war cry of American Revolutionary War. There are five words in it and king is used twice. Happy hunting. List website that you found this information.
|
Adjusted with the goal of minimizing inventory in process
: If the production schedule could be adjusted with the goal of minimizing inventory in the process,
|