Read the following extract and then answer the questions below. Part A. Two business entities come to you for assistance and they would like enter into a stock supply agreement. The other is a manufacturer and one is a retailer. It is their fist time to be committing to such a huge business arrangement and they both realise that it is important to do it right because as much as it looks like a great business deal, should it fail to work, it can lead to serious business losses that can even lead to liquidation and litigation. All they ask for is to be advised on the essentials of a valid business contract, and the need to explain conditions for compensating parties for breach of contract. In doing that, it is important to quote relevant authorities. Explain how the two enterprises need to be assisted. Part B. Explain to your clients what emancipation means
Question 3
Read the following extract and then answer the questions below.
Part A.
Two business entities come to you for assistance and they would like enter into a stock supply
agreement. The other is a manufacturer and one is a retailer. It is their fist time to be committing
to such a huge business arrangement and they both realise that it is important to do it right because
as much as it looks like a great business deal, should it fail to work, it can lead to serious business
losses that can even lead to liquidation and litigation. All they ask for is to be advised on the
essentials of a valid business contract, and the need to explain conditions for compensating parties
for breach of contract. In doing that, it is important to quote relevant authorities. Explain how the
two enterprises need to be assisted.
Part B.
Explain to your clients what emancipation means
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