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

Resulting trusts-trusts laws and accounts, Resulting trusts Resulting t...

Resulting trusts Resulting trusts occur where equity regards the property which is held by a trustee as belonging in equity to the person who transferred it to, or caused it to

Receiverships-appointment of receiver, RECEIVERSHIPS: APPOINTMENT OF RECEIV...

RECEIVERSHIPS: APPOINTMENT OF RECEIVER If a company defaults in payment of principal or interest, or otherwise defaults in observing the conditions contained in debentures issu

Maintaining a fixed interest rate, During summer of 2006, China increased t...

During summer of 2006, China increased their reserve requirement for the banking system while maintaining a fixed target for the interbank lending interest rate. Draw a graph of th

Determine the optimal liquidation quantity, The bid-offer spread as a funct...

The bid-offer spread as a function of daily trading volume is given by :p(q) = a + b*exp(cq) where q = daily trading volume a = 0.08 b= 0.10 c = 0.05 A trader wants to unwind

Ownership and control related issue of debt, Q. Ownership and Control relat...

Q. Ownership and Control related issue of debt? Issuing equity is able to have ownership implications for a company particularly if the finance is raised by a placing or offer

Interest revenue, Interest revenue: At the end of 2012, a manufacturer...

Interest revenue: At the end of 2012, a manufacturer sells machinery to a customer for $90,000. $30,000 is paid immediately, and the customer signs a promissory note for the r

How much are joe''s shares worth after the stock split?, Joe Shareholder ow...

Joe Shareholder owns 100 shares of Peach Company stock which is currently selling for $100 per share. Peach declares a 2-1 stock split. How much are Joe's shares worth after the st

Preparation and presentation of financial statements, PREPARATION AND PRESE...

PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS OF LIMITED COMPANIES This is a chapter dealing with company financial statements, a topic frequently examined. Do not be

Permanent accounts would not include in accounts, Permanent accounts would ...

Permanent accounts would not include a interest expense b wage payable c prepaid rent d unearned revenues

Accounting policies-financial statement, Accounting policies Accounting...

Accounting policies Accounting policies are the specific assumptions, bases, principles and practices that are adopted by firms in preparing financial statements. The standard

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