Business Law - You are the buyer of a large quantity of ball bearings

Question # 00771146 Posted By: dr.tony Updated on: 07/21/2020 02:39 PM Due on: 07/21/2020
Subject Education Topic General Education Tutorials:
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1. Read the following scenario and answer the question in 5-10 sentences.

You are the buyer of a large quantity of ball bearings. You sign a contract drafted by the seller which states you will “pay $500,000 for shipment for agreed goods arriving to New York next year on ship MV Liberty.” Afterward you realize that “Liberty” is a common name in shipping and are concerned that a risk exists that you will be forced to pay for different goods that arrive on a ship with a similar name. Evaluate this risk and articulate ways that the contract could have been drafted to prevent a problem.

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  1. Tutorial # 00770574 Posted By: dr.tony Posted on: 07/21/2020 02:39 PM
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