Dumping is the exporting of environmentally polluting goods to a foreign market.
A quasi contract is an actual contract.
International law requires nations to honor the actions of other nations.
A bill of lading is a receipt signed by a warehouse for goods stored in a warehouse.
The majority rule controls in decisions that significantly affect the nature of the
partnership or that are outside the ordinary course of the partnership business.
For a union election to be held, at least 30 percent of the workers to be represented must
support a union or an election on unionization.
In the absence of any specific agreements, the buyer or lessee must make payment
subsequent to receipt of the goods.
Manufacturers must use due care in inspecting and testing any purchased components
used in a product.
NationPoints Trucking, Inc., has a requirements contract with Oil & Gas Corporation
that obligates Oil & Gas to supply NationPoints with all the gasoline it needs for its
vehicles for one year at $2.30 per gallon. A clause inserted in small print in the contract
by NationPoints, and not noticed by Oil & Gas, states, “The buyer reserves the right to
reject any shipment for any reason without liability.”
For six months, NationPoints orders and Oil & Gas delivers under the contract without
any controversy. Then, because of a war in the Middle East, the price of gasoline to Oil
& Gas increases substantially. Oil & Gas tells NationPoints it cannot possibly fulfill
their contract unless NationPoints agrees to pay $2.50 per gallon. NationPoints, in need
of the gasoline, agrees in writing to modify the contract.
Later that month, NationPoints learns it can buy gasoline at $2.40 per gallon from
Purified Fuel Company. NationPoints refuses delivery of its most recent order from Oil
& Gas, claiming, first that the contract allows it to do so without liability, and second,
that it is required to pay only $2.30 per gallon if it accepts the delivery. Discuss
NationPointss contentions.
Given todays global communications network, most companies can assume that their
actions in other nations will go unnoticed.
Every state has a statute that stipulates what types of contracts must be in writing.
If the illegal part of a bargain has not yet been performed, the party rendering
performance must fulfill the contract before seeking damages.
A contract with an unlicensed person is enforceable if the person is otherwise of good
moral character.
Niles, an accountant, certifies several audit reports on Optimal Operational Processes,
Inc.,Nilessclient, knowing that the company intends to use the reports to borrow money
from Prime Business Lending Company to buy new equipment. Nilesbelieves that the
reports are true and does not intend to deceive Prime Business, but does not check the
reports before certifying them. Can Nilesbe held liable to Prime Business?
The federal criminal code lists more than four thousand criminal offenses, all of which
require a specific mental state.