Alternative dispute resolutions, Financial Accounting

Assignment Help:

Question 1

a. Contractual liability may be discharged in certain circumstances. Discuss.

b. "An aggrieved party in a breach of contract is entitled to claim for damages" Discuss. 

Question 2

Alternative dispute resolutions (ADR) are processes and techniques that act as means for disagreeing parties to come to an agreement short of litigation. ADR has gained widespread importance in the business environment. Explain those processes and techniques of ADR and the "raison d'etre" of arbitration.

Question 3

Following a tender exercise, the services of Computa Company Limited (CCL) has been retained to provide laptops to students of the University of Kangool (UoK). In the tender document, it was specified that laptops of the famous mark Bell and of British origin should be provided. At a certain stage, CCL started to have major challenges with his supplier from England and could no longer supply laptops to the students of UoK. To fulfill his obligations, CCL turned itself towards an Indian company as an alternative supply and continued his supply by providing laptops of the make Dall instead.

How would the contract be affected in the following cases:-

a. If the challenges with the British supplier were that latter had gone bankrupt and stopped the fabrication of laptops.

b. If the challenges with the British supplier were that the price of laptops has gone up and the supplier claimed for an increase in the selling price.

c. The alternative supply was not a unilateral decision of CCL.

Question 4

Offer and acceptance can now be made by sending the appropriate electronic messages. Examine the provisions of this law which intervenes in favour of the validity of electronic mailings sent between parties to an electronic contract.

Question 5

Explain the following contractual issues:-

(a) The agreement between the parties.

(b) The general principle of offer and acceptance at an auction.

(c) Contractual principles following agreement by tender.

(d) The legal intention to create contractual relationship.

(e) The capacity to enter into contractual agreement.


Related Discussions:- Alternative dispute resolutions

Which is not true of a corporation, Q. Which of the following is not true o...

Q. Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may

brooks''s stock, Investors need a 15% rate of return on Brooks Sisters' st...

Investors need a 15% rate of return on Brooks Sisters' stock (rs = 15%). a.  What would the value of Brooks's stock be if the last dividend was D0 = $1.5 and if investors expect

Process of abc analysis - inventory control, Process of ABC Analysis •...

Process of ABC Analysis • Classification:   On the origin of expected use, the items of inventory are categorized according to their categories and per unit Price of each item

System one-the head office maintains all the accounts, SYSTEM ONE-THE HEAD ...

SYSTEM ONE-THE HEAD OFFICE MAINTAINS ALL THE ACCOUNTS This system is suitable for an enterprise that has small branches (possibly in another area of the town or city where the

How many shares remain after the repurchase, 3:Barnes Baskets, Inc. (BB) cu...

3:Barnes Baskets, Inc. (BB) currently has zero debt. Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero growth company. BB's current cost of equity is

Subsidiary companies-group accounts , SUBSIDIARY COMPANIES (1AS 27) A sub...

SUBSIDIARY COMPANIES (1AS 27) A subsidiary company is a company in which the investing company (also called holding or parent company) controls the financial and operating polici

Calculate the total cost, 1.  The average annual investment cost of a works...

1.  The average annual investment cost of a workstation in New Jersey has been calculated to be $100,000.  It has been calculated to be $150,000 in Kentucky.  The hourly cost at a

Members voluntary winding up-liquidation of companies, Members Voluntary Wi...

Members Voluntary Winding Up The company may be wound up by the members themselves without reference to the creditors, if the company is solvent. 1) Declaration of solvency

Corporation tax-income tax-financial statement, Corporation Tax This is...

Corporation Tax This is the tax payable by companies on their trading activities of a given financial period. The standard doesn’t give the guidelines on how this tax should be

Extent of tests of control, Extent of Tests of Control -Every year AUDITOR ...

Extent of Tests of Control -Every year AUDITOR should obtain sufficient evidence about whether company's internal control over financial reporting, including controls for all inter

Write Your Message!

Captcha
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