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Mr. D is a professional basketball player who orders some shoes through the mail. The mail order house promises all customers delivery within 30 days of receiving the order. Mr. D's shoes do not get delivered to him on time; as a result, he has to wear ill-fitting, uncomfortable shoes in the NBA-championship game. Because his feet hurt him, he does not perform well and his team loses the game. Can he sue the mail order house for the $10 million in endorsements he loses by not having the right pair of shoes?
Wilson enters into a contract to buy an automobile for $20,000 from Z co., a dealer. Wilson subsequently backs out of the contract. Z Co. then sells the vehicle to Thompson for $19,000. Z Co, sues Wilson for breach of contract. During the trial, an accountant reports that the "cost" of the vehicle to Z Co. was $16,000. However, on cross-examination this witness testifies that of the $16,000, $2,000 are fixes costs (i.e. costs which must be paid by the dealer regardless of how many vehicles it sells) What is the amount of damages that Z Co. should recover from Wilson? Suppose alternatively that:
(A) The evidence shows clearly that Mr. Thompson would have bought another similar vehicle from Z Co. if the vehicle which Mrs. Wilson agreed to buy had not been available. (B) The Vehicle was a one-of-a-kind gullwing Mercedes. If Z co. had not had this car available, Thompson would have not purchased anything.
Position in Relation to the Company: In 1882 Lord Esher in Barnett, Hoares & Co v South London Tramsways Co stated that: "A secretary is a mere servant; his position is tha
Usual procedure - shares of the minority: Hence the usual procedure is: (a) first to dispose of possible objections by creditors by paying their debts or providing secu
Explain the sovereign of state immunity Immunity relates to the sovereign of state immunity and act of state doctrine. This is the most complicated immunity available and relat
Forms of action: A minority of shareholders or an individual shareholder suing under one of the above exceptions may institute one of the following actions i) A personal ac
Realization of Auditors: it is a mere truism to say that the value of loans and securities depends on their realization. We were told that a statement to that effect, is so u
Equitable Lien General examples are for the lien of an unpaid seller about land who that has moved out of possession to unpaid purchase money and such the right of partners on
Remuneration: Article 108 provides that "a managing director shall receive such remuneration (whether by way of salary plus commission or may participation in earn
Acceptance - Law of Contract Conversely an offer made to the general public can be established through anybody who fulfil that performs then the conditions stated therein.
Order of application of assets: The order of application of assets is therefore as follows: (a) secured creditors who have fixed charges are entitled to be paid out of thei
QUESTION 1 Your mother makes delicious cakes and your wife suggests the idea of setting up a business to market these products. The cakes will be prepared by your mother and a
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