We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Law for Business BREF 1 - Essay Example

Comments (0)
Summary
During the handling of the toys to prepare them for delivery, two were damaged and Megastores contended that Toys4U should be made liable for them…
Download full paper
GRAB THE BEST PAPER
Law for Business BREF 1
Read TextPreview

Extract of sample
Law for Business BREF 1

Download file to see previous pages... This is because at the time of the sale, the toys were not yet in a deliverable state and Megastores’ duty to prepare it for delivery was not yet discharged. The conclusion is that Megastores should shoulder the responsibility for the damage to the two toys whilst Toys4U should be free from such responsibility.
The parties involved here are Megastores and Toys4U, the seller and the buyer, respectively. The subject of the contract of sale is a Polaris missile toy, ten units of them. Megastores contended that Toys4U was liable for the damage of two of the toys because ownership had already passed to the latter at the time the damage occurred. The issue here is whether or not ownership had already passed to Toys4U at the time of the damage.
Toys4U is not liable for the damage of the two Polaris missiles toys because it occurred before ownership passed from Megastores to Toys4U. This is supported by the provisions of the Sale of Goods Act 1979 (SoGA) and pertinent case law previously decided by the courts.
The applicable statute here is the Sale of Goods Act 1979 (SoGA hereafter), which received Royal Assent on December 6, 1979 and took effect commencing January 1, 1980. The SoGA governs transactions of sale of goods within the jurisdiction of the United Kingdom. Specific provisions of said law applicable here are: s 2(1), which defines a contract of sale; s 17 (1) and (2), which provide for the exact time specific or ascertained goods are deemed transferred from seller to buyer; s 18 Rule 2, which provides for the exact time property passes from seller to buyer when seller is first required to put goods in a deliverable state, and; s 20 (1), which allocates risk liability to parties.
Section 20 (1) of the SoGA 1979 provides that the property subject of the sale remains at the risk of the seller until transferred to the buyer. This means that Megastores should shoulder damage sustained by the toys unless ownership was explicitly or implicitly ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Law Course Project 1 Rubric
As such, this report seeks to summarise three different legal careers and each summary includes the following: how the job is related to the law, typical job duties, educational requirements, and an introduction of each interviewee. The report will focus on the following legal careers: lawyer, the magistrate and the prosecutor.
6 Pages(1500 words)Essay
Business LAw 1
This study intends to consider a private company. Either shares or guarantee can limit a private company. This study intends to consider a private company limited by shares. The preferred name for this company is ADC Company Limited (Dignam & Lowry, 2009).
4 Pages(1000 words)Assignment
Business Law: The Lemon Law - Singapore. 1)Explain this new law 2) Justify the need for this law in the Singapore Environment
However, sellers have criticized the government for passing the law arguing that the law will interfere with their normal operation of business, as well as adding more cost on them. The law was passed in parliament on March 9, 2012 and became operational beginning 1 September 2012 according to Ministry of Trade and Industry (2012).
7 Pages(1750 words)Essay
Business Law #1
The investigators searched through the rubbish without warrant and found items that are indicative of narcotics use and trafficking. They recited the information that they had from the trash search in an affidavit in support of a warrant to search Greenwood's home.
2 Pages(500 words)Case Study
Introduction to Business Law Individual Project 1
this position is the fact that in a case that involves an appeal against any decision taken by a federal administrative agency, the litigant company can file a petition for review of the decision made by the administrative agency.(www.uscourts.gov). A trial Court may not have
4 Pages(1000 words)Essay
Business Law
o be considered as the first source of English Law because its decisions and case law conclusions are binding in all courts below it in the hierarchy (Kelley and Holmes, 1997). House of Lords is considered to be the last resort in the UK. Kelley and Holmes (1997) argued that it
4 Pages(1000 words)Essay
BAM 317 - Business Law-unit 3 essay question # 1
A bilateral contract is relatively common in business since both parties make a promise. A bilateral contract necessitates a promise from both parties. Nearly all businesses are profit
2 Pages(500 words)Essay
Business Law exam 1
Essentially, employment law seeks to protect the interests of both employers and employees (Moran 8). The law has provisions relating to employer and employee’s responsibilities and rights, as well as the relationship with each other. The Department of
3 Pages(750 words)Essay
Business law
Gharar refers to uncertainty or a perilous condition that is illegal under Islamic law. As a result, no damages can be awarded for breach of a contract in which a party took risks. The law therefore limits damages by the extent of the taken risk
2 Pages(500 words)Essay
Business law 1
Nations have increased legislation on cyber crimes in the effort to find remedies for unwanted loss of data or other threats. As the technological
3 Pages(750 words)Essay
Let us find you another Essay on topic Law for Business BREF 1 for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us