and the transfer of actionable claims are contained in the Transfer of Property Act‚ 1882. In this chapter‚ we shall study the provisions of the Act in the following order: Unit 1 - Formation of the Contract of Sale. Unit 2 - Conditions and Warranties. Unit 3 - Transfer of Ownership and Delivery of Goods. Unit 4 - Unpaid Seller. © The Institute of Chartered Accountants of India © The Institute of Chartered Accountants of India chapter – 2 The SALE OF GOODS ACT‚ 1930 Unit
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Contract of Sale. By the contract of sale one of the contracting parties obligates himself to transfer the ownership of and to deliver a determinate thing and the other to pay therefore a price certain in money or its equivalent. |Contract of Sale |Contract to Sell | |Title over the property passes to the buyer upon delivery unless |Ownership is retained by the seller whether or not there is |
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Question a) Step One The principle of law is that for a valid contract to be formed there must be an agreement reached by both parties. Step Two There are three main elements for the formation of a legally binding contract‚ intention‚ agreement and consideration. The requirement that requires discussion here is the existence of an agreement by the parties to enter into a legally binding contract. An agreement means a consensus on at least those essential terms needed for a workable transaction
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Here I am going to describe one of the best customer service experience of my life‚ it is all about the warranty claim of my previous laptop. I was living in Cyprus‚ Nicosia i purchased a dell studio 1555 laptop from Tepenter Computers (PVT). It was working properly in the 1st year but after that I found a problem‚ the brightness of its LCD was going lower day by days. So I decided for warranty claim and went Dell support centre (DSC) in Nicosia. When I reached somewhere near to that place I was not
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Running head: GROCERY INC. PAPER Grocery Inc. Paper Grocery‚ Inc.‚ is a retail grocery store chain with stores located throughout the United States. The organization has contract with many vendors authorizing the store to sell the vendors products. There are many laws and guidelines that Grocery‚ Inc. must follow. We will review many different scenarios that the store may encounter and some the laws that they must abide by. Common Law Contracts and UCC Article 2 Contracts There is
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CHINA GAIN THE POWER BACK Table of Contents EXECUTIVE SUMMARY 3 A. ANALYSIS 4 I. Strategic Issue 4 II. Analyze the Apple situation 4 1. Student slave Labor: Chinese students forced to ’intern ’ at iPhone factory. 4 2. Warranty Scandal: Worse Warranty policy to China compare to other countries 5 3. Underdeveloped infrastructure: only 8 retail stores 5 4. Competition facts 6 5. Other facts: The relationship between China and USA 7 6. Conclusion about Apple strategic issue 7
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1. Is this a customer service problem? Why or why not? a. Why is this a customer service problem? It is a customer service problem because ultimately it is reflecting poorly upon the company and providing customers with poor and inadequate customer service. The distributors are lying to customers to inflate sales. The distributors are not rendering adequate customer service all of which whether direct or indirect is associated poorly in the customer’s reflection and association with Handy
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Ch8 Student: ___________________________________________________________________________ 1. Delta‚ Northwest‚ and United Airlines have all‚ at one time‚ filed for bankruptcy. True 2. In a classified balance sheet‚ we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in
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ASSESSMENT INSTRUMENT BUS 330/500D Road King Trucks Introduction Michael Livingston has recently been hired as the CEO of Road King Trucks‚ Inc. Previously he had been the marketing manager for a large manufacturing company and had established a reputation for identifying new consumer trends. Road King Trucks Inc. is a California-based truck manufacturing company. The company is well known for manufacturing large‚ heavy-duty trucks at a reasonable cost. One of its greatest achievements
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ACC00713 Corporate Reporting Assignment 1 SOUTHERN CROSS UNIVERSITY ASSIGNMENT COVER SHEET For use with online submission of assignments Please complete all of the following details and then make this sheet the first page of each file of your assignment – do not send it as a separate document. Your assignments must be submitted as either Word documents (with .doc extension‚ NOT.docx)‚ text documents with .rtf extension or as .pdf documents. If you wish to submit in any other file format
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