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Daniel S Saccoccia Post University John C Smith line of work Law April 9, 2011 1. Offer word sense and consideration The indemnity policy industries commonplace practice is to progress to the potential insured hold Insurer make an offer for an insurance contract by completing and submitting an finishing provided by the insurance companys agent along with the insurer. The insurer whitethorn then any accept or despise this offer. If the insurer accepts the parties have an insurance contract under which To resist goods the insureds sign premium payment and future(a) premium payments page 688. 2. Acceptance rogue 553 Acceptance of goods occurs when a purchaser having a reasonable prospect to inspect them either indicates that he will take them or fails to excrete them. To reject goods the vendee must notify the vender of the rejection and specify the brand or nonconformity. If a bu yer treats the goods if he owns them the buyer is considered to have accepted them. 3.

Consideration page 583 emptors remedies on breach by seller problems seller fails to deliver goods or delivers nonconforming goods that buyer rightfully rejects or justifiably revokes acceptance of Seller delivers nonconforming goods that atomic human activity 18 accepted by buyer seller has the goods entirely Refuses to deliver them and buyer wants them. vendees remedy: 1. Buyer whitethorn make void the contract and recover indemnity. 2. Buyer whitethorn cover by obtaining substitute goods and recover inequa lity amid contract price and cost. Buyer! may recover damages based on difference between mensurates of goods received And value of goods if they had been as warranted buyer may seek specific performance If goods are unique and cannot be obtained elsewhere or buyer may replevin obtain? elsewhere obtain from the seller goods indented to contract if the buyer cannot obtain cover. education from Business law the ethical world-wide and e-commerce environment Mallor...If you want to take up a full essay, order it on our website: BestEssayCheap.com

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