TRANSAMERICA OIL CORPORATION v. LYNES‚ INC and Baker Internat’l Corporation Procedural history The plaintiff purchaser (Transamerica Oil Corporation) brought action to recover damages resulting from defendant sellers’ (Lynes‚ Inc) breach of an express warranty under Kansas Uniform Commercial Code. The U.S. District Court for the District of Kansas awarded damages to the purchaser. The sellers appealed. Facts Harold Brown‚ president of Transameria‚ saw defendants’ advertisement for “production injection
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Shack on July 4‚ 1979‚ a retail automotive parts store. In 1987 the name Auto Shack was changed to AutoZone. In 1991 AutoZone’s Stock‚ AZO‚ made its debut on the New York Stock exchange and became the first auto parts retailer to store customer warranties in a computer database. AutoZone is a Fortune 500 company that currently has stores in 48 states‚ Puerto Rico‚ and Mexico and has more than 65‚000 employees. AutoZone’s pledge is‚ "AutoZoners always put customers first! We know our parts and products
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packer and decided to purchase several of them only to determine that they did not function as advertised. Plaintiff decided to file suit‚ under the Kansas Uniform Commercial Code (UCC)‚ the plaintiff’s claim that there was a breach of an express warranty by the defendant. The production injection packers did not perform as advertised. A jury in the state of Kansas found in favor of the plaintiff. The defendant appeals the decision. II. Facts Transamerica’s president‚ Harold Brown‚ saw a Lynes
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Product Features and Benefits Lululemon offers a comprehensive line of performance apparel and accessories for women‚ men and female youth. Their apparel assortment includes items such as fitness pants‚ shorts‚ tops and jackets that are designed for healthy lifestyle activities such as yoga‚ running and general fitness. Although Lululemon benefits from the growing number of people that participate in yoga‚ they believe the percentage of their products sold for other activities will continue
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1. 625000 = 5% of earnings before taxes 2. performance materiality = 75% * 625000 = 468750 Misstatements (SUDS) 1. warranty expense‚ repair and maintenance expense‚ litigation expense and A/R 2. non-sampling procedures: warranty expense‚ repair and maintenance expense‚ litigation expense 3. sampled A/R Warranty expense Underestimate by 130000 (verbal commitment of extending warranty period to 2 years) Repair Understated by 200000; incorrectly capitalized 240000 of costs related to modification to
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the items relying purely on a photograph or description. When shopping online‚ it’s difficult to return products which we are not satisfied with. Shopping in stores makes it easier to deal with such problems as returning‚ exchanging and using the warranty. There are many more reasons why you should or should not shop online or in stores. I hope that the above examples help you on making a decision on how you would like to shop in the
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accordance with this manual. • This dispenser is intended for water dispensing only. Do NOT use other liquids. Do NOT use for other purposes. Never use any other liquid in the dispenser other than known and microbiologically safe bottled water. Warranty is void if used for any other liquids including coffee‚ tea‚ juices‚ beer or wine. • For indoor use only. Keep water dispenser in a dry place away from direct sunlight. Do NOT use outdoors. • Install and use only on a hard‚ flat and level surface
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1. What can any retailer learn from this case? According to this case‚ and concerning about the strategy that Best Buy has created‚ retailers can similarly create a retailer-led product strategy to leverage their customer knowledge for product differentiation and to understand what the needs of the customers are; they must discover what satisfies the customer and what not. In addition‚ the retailer can seek for news partnerships‚ new stores‚ new countries and new categories and services in order
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Effectively Marketing a Used Car Dealership: Positioning Valley Motors for Continued Success A Marketing Plan for Valley Motors Company Marci LaRue Fisher University of Denver University College Capstone Project for Master of Professional Studies in Applied Communication‚ Public Relations and Marketing March 14‚ 2008 _____________________ Jerry Call‚ Ph.D. Capstone Advisor _____________________ Amy E. Kelsall‚ Ph.D. Academic Director Upon the Recommendation of the Department _____________________
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THIS SHARE PURCHASE AGREEMENT is entered into on this [●] day of [March]‚ 2008 at [Mumbai / New Delhi] AMONGST 1) ______________ an individual‚ residing at _____________(hereinafter referred to as a “Seller No. 1” which expression shall‚ unless repugnant to the context thereof‚ means and includes his legal heirs‚ executors‚ administrators‚ and permitted assigns) of the FIRST PART; AND (2) _________ having its principal place of business at _______052‚ (hereinafter referred to as a
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