Discuss about the customs shed for inspection

Assignment Help Management Theories

Reference no: EM131768747

Question: Seller agreed to deliver 1,000 air conditioners to Buyer DES Port Moresby. The air conditioners were transported by ship to Port Moresby, where they were off-loaded to the customs shed for inspection. The ship then sent a cable to Buyer stating that the air conditioners were in the customs shed and that the ship was proceeding on its way. Before Buyer could arrive to pay the customs duties and collect the air conditioners, the customs shed burned down, destroying all the air conditioners. Buyer sues Seller for failing to make delivery. Is Seller liable?

Reference no: EM131768747

Questions Cloud

Number of hours she works : The price of day-care then increases to $8 per hour. How would you predict that this change will affect the number of hours she works?

Transporting the potatoes in containers to the ship : Seller agreed to ship by sea 10,000 tons of potatoes FOB Tacoma, Washington, to Buyer in Japan. Buyer designated the SS Russet to take delivery at pier 7.

Prepare the journal entry for the issuance of the bonds : Prepare the journal entry for the issuance of the bonds and warrants for the cash considered received

Identify what new insights you discovered about the topic : Identify what new insights you discovered about this topic. What was the author seeking to accomplish through this article?

Discuss about the customs shed for inspection : Seller agreed to deliver 1,000 air conditioners to Buyer DES Port Moresby. The air conditioners were transported by ship to Port Moresby.

What is the amount of total current liabilities : The company has the right to pay bondholder principal and any interest accrued at any time after January 1, 2003. What is amount of total current liabilities

Discuss has receive an offer to purchase his land : Floyd, a cash basis taxpayer, has receive an offer to purchase his land. The buyer will either pay him $100,000 at closing

Suppose that in an experimental setting : Suppose that in an experimental setting, 100 students are asked to choose between Gamble A and Gamble B, where:

Obtaining a bill of lading from the ship : Seller in Sydney, Australia, agreed to ship goods on or before December 31 under a CIF Sydney contract to Buyer in Honolulu.

User Account

All Pages