Legal Aspects of Commercial Contracts - Case Study Example

This law essay outlines peculiar features of CIF contracts.... A CIF contract needs the seller to ship at the port of consignment the required products in the underlying agreement of sale, to acquire a agreement of carriage (bill of lading) under which the products will be delivered to the established destination, to organize for insurance that will be obtainable for the advantage of the buyer, to formulate a commercial invoice and lastly to tender these papers to the purchaser who must be prepared and willing to pay the cost of the consigned products....

If the contract is written then legal action can be taken against Alf.... So though verbally Alf and the customer know about their agreement, if the customer has a written document then Alf's action can be proved a legal offence.... In the third case too, Alf has the similar legal bindings as in the second case....

As Adoranti (2006) explains, business to business and commercial contracts explicitly define the obligations of sellers and buyers.... As one would assume the case to be with any organization involved in research, development, manufacturing, business to business sales and post-sales services, not only are their contracts to fulfill and intellectual property issues to contend with but the IT department has, twice in the past year, been at the forefront of legal cases....

hellip; Since INCOTERMS do not have the ability to cover all the aspects of an international sale of goods contract, the parties should include specific terms in the contract of sale covering the transfer of title to goods, remedies for breach of contract, conditions for exoneration from liability the buyer or seller wishes the other to perform under the contract .... In the case of Pyrene v, Scindia three different variations of the FOB contracts have been established....

Previously, the code was divided into 9 articles; however, after a number of reviews and revisions, the code is now divided into eleven articles with each giving provisions that relate to a particular area of commercial law.... The aim of the paper “contracts and Leases in Common Law and UCC” is to analyze business contracts as one of the most popular legal transactions that people get involved in when running businesses.... hellip; The author explains that the uniform commercial code (UCC) governs the contracts between merchants and the sale of goods....

Specifically, business-related contracts are informed by legal provisions, which oversee adherence to the terms and conditions outlined in such contracts1.... The Caddy Shack… On the same note, the contracts made between the restaurant and its clients are subject to the applicable legal framework. The Caddy Shack However, the restaurant is concerned about the underlying liabilities in the event that clients collide with the skating waiters and waitresses....

It is seen that in the case of CIF contracts, the risks pass once the goods have been handed over by the seller to the carrier, or his authorized agent.... The author of the current research paper "legal Issues Focusing on the Transfer of Risk and Property" claims that it is necessary to bifurcate the two transactions in order to gain better control over them, and to be able to explain in better detail....

There are certain specific contracts to which this particular act has been applicable.... This work "commercial Law" describes recommendations to the consumer (i.... nbsp;                  … Owing to the repeated occurrence of the company's breach in maintaining transparency when serving its customers, many legal provisions have been developed to assure the customers' interests are justified when entering into any kind of contract with the seller....