Essays on Business Law

International Commerce Terms (Incoterms), introduced by the International Chamber of Commerce (ICC) in 1936 primarily for individuals participating in global trade, serves as a guideline for the acquisition and transportation of goods internationality (Varoujian, 2011). Incoterms is beneficial to businesses because it helps regulate the risks, costs and other obligations. While it is recommended that…

The plaintiff argued for the purchase price to be reduced to reflect the presence of these encumbrances. The defendant however stated that they had no knowledge of any land acquisition. The High Court held that the acts of defendant amounted to fraud within the meaning og Sec. 17. It was found that the defendant knew…

Arbitration is similar to ADR (Alternative Dispute Resolution). It is a technique of solving the dispute out side the court. Resolve the dispute informally is called Arbitration. In this process the parties meet with a professional third party who assists them in resolving the dispute. This third party is known as arbitrator. It is a…

The William Smith Company’s strategy, direction and growth (including adding other team members); Identification and securing of advisors, contractors, vendors, endorsements and strategic alliances, including distributors of Compass products; d. Identification of and helping to secure new business opportunities; e. Structuring of Company and relationships for proper incentives for all The William Smith Company’s participants…

You may draft your own form or use forms available at legal stationery stores. The Department of State recommends that legal documents be prepared under the guidance of an attorney. The fee for a certificate of incorporation is $125 plus the applicable tax on shares required by Section 180 of the Tax Law. The minimum…

Phil plans to purchase materials for making the product from others, assemble the products at the ventures facilities, and hire product ales representatives to sell the Pedal Pushers through local retail and discount stores that sell children’s bicycles. Phil will need to purchase plastic pedal and extensions, bolts, washers and nuts, reflective material, and a…

It supports the obligation of a borrower to a lender; in the primary contract the rower agrees to provide the lender with something of value ii. Money, or goods and services. Did Glenn act ethically in this case: If the situation was true and Glen had took the loan and Mary agreed up on her…

Cliquet Options A derivative is a financial instrument derived from another asset. Market participants enter into an agreement to exchange money, assets or some other value at some future date based on the underlying asset (Investopedia.com, 2007). Among different types of financial derivations, options/futures and swaps are the most common. Options are contracts where one…

DRAFT Chapter 2. The Salomon principle Introduction In the previous chapter we considered how the modern company grew of out of the law on unincorporated associations, how it used ideas long identified with town corporations created by Royal Charter, how it evolved from the joint stock company, and how shareholders in companies were granted limited…

case brief—Gregory, a comedy writer, entered into a contract with Wessel, a comedian. The contract provided that Gregory would provide Wessel with a 15 minute monologue for his upcoming appearance on the comedy hour and Wessel will pay $250 to Gregory. All performers could make $500 per appearance on the comedy hour. and when Wessel…