Which of the following is not a generic obligation? Obligation to pay P1,000,000 Obligation to deliver 1999 Nissan Sentra Series III Obligation to deliver 50 cavans of rice Obligation to give a delimited generic object
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- 1) Supplier and Retail Firm A retail-level firm has a contract to sell a single unit of a good to a consumer for 10$. Not delivering the good leads to no payment from the consumer along with a penalty of 5$ to be paid to the consumer by the firm as per the contract between the firm and the consumer. The retail-level firm must also pay an operating cost of 3$ in order to stay in business and in order to be able to deliver the good. This cost must be paid even if the firm decides not to sell the good. Failing to deliver the good and having to pay the penalty and the other costs would lead to the retail firm going out of business. A supplier firm is the only firm in the world that can build the good. The supplier can build the good for 2$ and does so after an order is made. The supplier cannot sell directly to the consumer and there is only one retail firm in this market. Both the supplier and the retailer only care about their own private profit. There is no contract at this point…3.-What does it mean not to take advantage of the discount granted by the supplier for prompt payment? A) A punishment for paying early B) A penalty for not paying on the agreed date. C) Charge a financial cost to the purchase operation. D) A saving for paying lessExplain Acceptable risk of overreliance (ARO)?
- ELEVEN. During the closeout phase, agreements for risk transfer should be concluded. True FalseQUESTION 4 Section 16(1)(a) of the Sale of Goods Act 1957 provides for implied condition as to fit for particular purpose. Explain the implied condition.Q5b) Please provide detail write up for the following business law question Dudu has purchased some wooden utensils from Lodo. However, he discovers some crackson the utensils after few days of usage. Advise Dudu as to whether he is entitled to anyrefund from Lodo.
- Discuss Supplier Partnership and its advantages in your own words. Explain SINGLE, SOLE, and MULTIPLE Sourcing in Detail. Marks-(10)Product standard. Subject: business ethics3.-What does it mean not to take advantage of the discount granted by the supplier for prompt payment? A) A punishment for paying early B) A penalty for not paying on the agreed date. C) Charge a financial cost to the purchase operation. D) A saving for paying less (Choose one option)
- S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses.S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee S1 True; S2 False Both are true Both are false S2 True; S1 FalseQ.Some products remain in the maturity stage of the PLC for long period of time, whereas others pass through quickly. List and explain briefly three possible conditions that may allow a product to remain in the maturity stage for a long period of time.OA B. ●C. OD. of the following provisions of an individual Accident and Health policy nonpayment of premaumes in the event of the mared's total debility? Grace Period Elimination Period Waiver of Premium Return of Premium