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Daniel S Saccoccia Post University John C Smith abide Law April 9, 2011 1. Offer word sense and consideration The policy industries commonplace practice is to progress to the potential insured protect Insurer make an offer for an indemnification 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 initial premium payment and future(a) premium payments page 688. 2. Acceptance rapscallion 553 Acceptance of goods occurs when a purchaser having a reasonable fortune to inspect them either indicates that he will take them or fails to excrete them. To reject goods the vendee must notify the trafficker of the rejection and specify the brand or nonconformity. If a buyer treats the goods if he owns them the buyer is considered to have accepted them. 3.

Consideration page 583 purchasers remedies on breach by vender 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 chassis 18 accepted by buyer seller has the goods just Refuses to deliver them and buyer wants them. emptors remedy: 1. Buyer whitethorn scrub the contract and recover indemnity. 2. Buyer may cover by obtaining substitute goods and recove r conflict 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. data from Business law the ethical world-wide and e-commerce environment Mallor...If you want to engage a full essay, order it on our website: BestEssayCheap.com

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