What law governs the contract

Assignment Help Business Economics
Reference no: EM13898516

What law (common law, UCC, CIGS) governs the contract? WHY?

1. Contract between A, a merchant and B, for sales of widgets.

2. Contract between A, a US merchant and B, a chinese merchant for paiting of building that provides California law applies

3. Contract between A, a US merchant and B, a chinese merchant for sales of widgets that provides Nevada law applies.

4.  Contract between A, a US merchant and B, a chinese merchant for sales of widgets that provides california law applies but the parties expressly opt out of the UN Convention on the international sales of good.

 

the last one: What the difference between these 3 laws based on these questions?

Reference no: EM13898516

Questions Cloud

Total revenue for the supplier at the equilbrium : What are the demand and supply curves for this economy? Calculate the equilbrium price and quantity and calculate surplus /shortage at price of $24.22 and $20? What would be the total revenue for the supplier at the equilbrium?
Business adviser to a hyper market in penang : You are the business adviser to a hyper market in Penang. You have been given the following information on the demand of chicken in Penang. Analyze the information below and advise the purchasing department accordingly.
Describe what has happened in the corn and soybean markets : Describe what has happened in the corn and soybean markets and how that has influenced the chicken market
Comparative advantage in the production of fruit : Two countries, Haiti and the Dominican Republic, produce fruits and timber. Each island has a labor force of 1200 and the monthly productivity of each worker is as follow Basket of fruit Board feet of timber Haiti 10 5 Dominican Republic 30 10 a. Whi..
What law governs the contract : What law (common law, UCC, CIGS) governs the contract? WHY?  Contract between A, a merchant and B, for sales of widgets. Contract between A, a US merchant and B, a chinese merchant for paiting of building that provides California law applies
What are some examples of how business intelligence : What are some examples of how business intelligence (BI) helps organizations make decisions? How does a BI dashboard aid in the decision-making process?
Describe what the permanent income hypothesis : Macroeconomics Question: Describe what the permanent income hypothesis says about the impact of temporary tax cuts or spending increases and explain why?
Solve for the new market price assuming firms are colluding : Suppose the airline industry consists of two firms, A and B. These two firms engage in Cournot competition with each other over a certain route for which inverse demand is P(Q) = 1000 − Q with Q = qA + qB. Solve for the Cournot equilibrium price. Sup..
What is the cournot equilibrium amount of syrup produced : Consider two maple syrup producers that engage in Cournot competition. Inverse demand for maple syrup is given by P(Q) = 16 − Q and the marginal cost of each producer is 4. If the producers do not collude, what is the Cournot equilibrium amount of sy..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Manufacturing and agriculture specific-factors model

In a two-sector (manufacturing and agriculture) specific-factors model:

  Money supply reduce the price level to the tolerable range

The price level starts at 1.0 and rises by the end of the year to 1.15. What has happened to the value of the dollar over that same period of time? What are the consequences of that price level change? Will an increase or decrease in the money supply..

  Alter the market rate of substitution between goods

A consumer has $600 to spend on goods X and Y. The market prices of these two goods are Px = $30 and Py = $10. What is the market rate of substitution between goods X and Y? Suppose that the consumer's income doubled. How does that alter the market r..

  Supply-and-demand diagrams equilibrium price and quantity

American rice producers have extremely high production costs, due to some structural problems. Therefore, if not supported by the government, they will not be able to compete with foreign producers. Analyze two supportive policies intended to maintai..

  Explain how a group of nations could develop a cartel

Explain how a group of nations could develop a cartel to maximize their profits of COFFEE. Be sure to address natural resources and/or factor endowments that could be leveraged in the creation of the cartel.

  Reflects the domestic supply and demand for compact discs

Suppose the following table reflects the domestic supply and demand for compact discs (CD’s). Now suppose that foreigners enter the market, offering to sell an unlimited supply of CD’s for $6 apiece. Illustrate and identify.

  The marginal product of labor is constant

Assuming that the marginal product of labor is constant between 10 also 11 workers also the marginal product of capital is constant between 3 also 4 machines.

  Q1 discuss the current state of the chilean economy by

q1. discuss the current state of the chilean economy by focusing on the recent past and macroeconomic characteristics

  Manufacturing firm is considering purchase of new machine

A small manufacturing firm is considering the purchase of a new machine. Two types of machines are available on the market. The lives of Machine A and Machine B are four years and six years respectively, but the firm does not expect to need the servi..

  What was the amount he withdrew at the end of eighth year

Mr. Smith has saved $1800 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5000 per year. In the eighth year, he decided to wit..

  Discuss the importance of laws and the requirements

Discuss the importance of laws and the requirements to amend them regularly. Cite examples from the perspective of Oman and explain with evidence the importance, advantages and disadvantages of the commercial agreements between Sultanate of Oman and..

  Level of profitability if forced to accept price ceilings

What are price floors and price ceilings? How could a business maintain its level of profitability if forced to accept price ceilings? Use a business in your response. For example, a coffee shop could ... Please do not use a coffee shop in your examp..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd