Business Law Essay Example | Topics and Well Written Essays - 1000 words

Business Law - Essay ExampleIf he gainful then it was a promise in this circumstances, Watson enkindle recover the extra cost of USD 5000 from Holmes more over for the delay he can recover the actual loss of rent depending on the time extra taken. 3) Misrepresentation as to quality and specification comes either under consumer law if the amplifier for personal use and under MRTP Act if apply for public use so the recovery is depending on the decision of adopting the use if Eric keeps the amplifier, he is liable to ante up for its market cost of 200$ then he can recover the money he paid extra and compensation for the damage. 4) No, the doctor is not liable to recover the $3000. He is hit by the ruler of estopel. The law of Estoppels means that the agent had no power at all to perform the principal is simply excluded from denying that potential existed. 5) hither we can see the ACT of god. Acme has defense of unforeseen government regulation. He cant be actiond for damages but loading dock can recover the balance amount cod if he already paid if not paid, Acme cant legitimately recover anything. 6) An verbal agreement is enforceable unless its subject comes in the act of frauds, an English Law adopted in the US that needs certain contracts to be in writing. And as well as in US an agreement to sell real land, property or house to be enforceable, should be in writing to comply with the law. Here in that location is only a oral agreement surrounded by the deuce parties to the contact so if the Ernie sues for the damage Bert is not liable to pay the equal. An oral contract to sell Personal Property for an amount less than that determine in the statute does not fall within its limits and, therefore, is enforceable without being reduced to writing. The Uniform commercial message Code governs the enforceability of oral contracts in sales transactions involving merchant (Oral Contract para. 1). 7) In this case outfit filed by the Floid for breach of c ontract is maintainable. And also the other party is liable pay the compensation. But the uniform time suit filed by Goober is not maintainable. Because stranger to a contract cannot sue. 8) Yes, Crosby can sue Hope for the breach of contact. In this case there is a bilateral contract surrounded by the parties to the contact. That is amid Hope and Crosby. Later Hope breaches the contact so the agreement such agreement is not enforceable by law. And also Hope is liable to pay for the damage. 9). If Ace brings suit against Flo such suit is maintainable under law. Here the contact is between Ace and Flo for the $8,000 for a car. But Flo gives a worthless groom for that cash. If the suit is filed against Flo he is liable for the breach of contact. Ace is the third party and also the agreement between the Flo and Eb is different from the first agreement. 10). Here in this case there is a mutual agreement between Sam and Bob is for selling of sheet metal in monthly installments over a two year outcome, Payment is to be made within 10 days after each delivery. If the Bob is failure to give the payment for the already sold goods then he is liable to pay the same for the breach of agreement. Bob counterclaimed for damages arising out of Sams failure to deliver the remaining installments under the contract is also maintainable because there is an agreement over a two year period. But after the period of 2 years Sam is not liable for the same. 11) Lucy is not liable to pay $16 to the Ethel. Here the actual terms of the agreement is for babysit for $4 for each half hour it does not including cleaning and ironing. 12) In this