- If a seller delivers goods according to her contract with buyer and the buyer wrongfully rejects the goods, the buyer is liable to the seller for breach of the sales contract. T or F
- The purchase price of a good is not generally a premium for insuring the item from all risk according to the Rhode Island Supreme court in Star-Shadow Productions, Inc. v. Super 8 Sync Sound Systems. T or F
- If the seller is in the process of manufacturing the goods when the buyer breaches the contract, the seller may
A. complete manufacture of the goods and then resell them or she may stop manufacturing and sell the uncompleted goods for their scrap or salvage value, whichever is faster for the seller
B. complete manufacture of the goods and then resell them or she may stop manufacturing and sell the uncompleted goods for their scrap or salvage value, so long as the option selected minimizes the loss.
C. donate the completed goods or donate the scraps to charity and then sue the buyer for the total contract price
D. None of the above.
- Kristoph and Lillian have a contract whereby Kristoph is to deliver 25 menâ€™s suits at $100 per suit, to Lillianâ€™s â€œUrbantownâ€ boutique by February 15. Upon delivery, Lillian is to pay Kristoph $2,500 for the suits. Kristoph forgets to deliver the suits called for in the contract.
A. One of Lillianâ€™s options is to employ the implied remedy of the â€œself-helpâ€ doctrine by sending a private undercover agent to Kristophâ€™s shop and taking the 25 suits as long as there is no breach of the peace.
B. One of Lillianâ€™s options is to file a police report and have Kristoph arrested for the felony of negligent breach of contract.
C. One of Lillianâ€™s options allow her to â€œcoverâ€ by purchasing substitute goods from another suit manufacturer at the current market rate of $105 per suit, permitting her to recover $125 as damages from Kristoph, plus any incidental damages sustained.
D. None of the above.
- The court in Star-Shadow Productions v. Super 8 Sync Sound System held that the Super 8 Sync Sound Systemâ€™s limitation of liability clause contained on price sheets and film boxes provided to Star-Shadow was unconscionable and therefore unenforceable. T or F
- On February 1, Janâ€™s Manufacturing (seller), a southeastern Virginia sports memorabilia manufacturer, enters a binding contract with Sports, Inc. to design, produce and sell Sports, Inc. (buyer) 100,000 Washington Wizards bobble head dolls at $5.00 each with delivery to be made in the Washington, D.C. area on March 1. By March 1, the market for Washington Wizards bobble head dolls are softened because a competitor flooded the market. Now the dolls are selling everywhere for $3 each, and the current established market price is $3 per bobble head. Consequently, Sports, Inc. notifies Janâ€™s the night before the product is to be loaded on a truck and shipped that it is repudiating the contract. What is an option available to Janâ€™s Manufacturing?
A. Janâ€™s is entitled to compensation at the rate of the new market price. This is $300,000 plus any incidental expenses, but less the expenses saved by not having to ship the bobble heads to Sports, Inc.
B. Janâ€™s is entitled to difference between the contract price and the market price. This is $200,000 plus any incidental expenses, but less the expenses saved by not having to ship the bobble heads to Sports, Inc.
C. Janâ€™s is not entitled to any contract damages because it is rational for Sports, Inc. to breach the contract given the new market price.
D. None of the above.
Weatherford Laboratories are involved in rock and fluid analysis by providing several services related to oil and gas production around the world. Weatherford labs has wide experience in working with different type of fluids and reservoir which play an important role for oil and gas producers. In addition, this experience leads the company to reach determinations on the best production for the long-term viability of a well. Weatherford labs provide several services according to the client requirements, for instance MICP (Mercury injection and Capillary pressure), Porosity and Permeability measurement, CT scan for cores, Soxhlet Cleaning, Core photo, Core gamma, Fluid Saturation by Dean Stark, Salinity Analysis, and finally Miscible Extraction. Weatherford laboratory sections The Waterford lab in Oman is divided into several sections and each department has special tasks. The flow chart below shows the different sect The Conventional core analysis department is about using different instrument in order to measure the porosity and permeability of fluids using Nitrogen and Helium gases. In addition porosity and permeability are important factors in petroleum. This section provide an important data related to porosity and permeability in order to get a better understanding in reservoir and flow of different types of fluids using DHP (Digital Helium Porosimeter) and DGP (Digital Gas Porosimeter) devices also VINCI is one of the instruments that used for steady- state processes. SCAL sectio Special core analysis section are specialist in understanding petrophysical properties goes beyond special techniques with advance tests to help the client more in estimating their fields. It is important to note however, that SCAl provide several services in MICP (mercury injection and capillary pressure), FRF (formation resistivity factor), and permeability of fluids especially water, CT scan, and flush cleaning using different solvents. However, the department provides unique tests related to the above processes in order to ensure the delivery of good quality services and focus on saving costs to the customer. Therefore, SCAL section is responsible for different fluid analysis at several stages in order to fulfil all the operational requirements and to achieve important results that optimize production and development of the fields. Other sections Weatherford laboratories also provide some other services behind the services provided by CCA and SCAL. These services include the basic experiments and requirement to observe several parameters such as temperature, pressure, and type of gas.>GET ANSWER