Remedies for Breach of Lease Contract: Remedies for breaching of lease contracts include seeking financial redress, buying from a different seller, and seeking legal action to ensure that the other party performs its contractual obligations.
Conclusion: Without the law of contract, the law of sale of goods and lease contract to be specific, the consumer of the goods and services would be subjected to low quality goods not conforming to their requirements.
Contracts have been around from time immemorial. Though informal with no writing, contracts have existed from the time of slave trade and still exist. In order to carry out efficient and effective business transactions, there has to be terms and conditions to bind the various parties that are involved in the business. For one to be assured of performance of duties and contractual obligations by the other party there has to be consent and commitment by the parties involved. This article is going to explore how people enter into contracts, the various categories of contracts and the remedies for breach of terms. In particular the article will explore at depth the performance, warranties and remedies involved in lease and sales contracts.
Business people commit a lot of funds in running of their businesses. They, for example, invest in research projects aimed at improving the performance of the business. They go further and hire experts in various fields so as they can develop plans and business goals and targets for every financial year. A business by definition is a commercial activity aimed at making of profits. A business is a legal person that can enter into contracts and be bound by the terms and conditions of the contract. A business may initiate a contract, be approached to enter into a contract, act as an agent of the entrepreneur and pay remedies for breach of contracts. A business may range from sole proprietorship, ...
Cite this document
(“Sales and Lease contracts: Performance, Warranties, Remedies Term Paper”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/403987-sales-and-lease-contracts-performance-warranties-remedies
(Sales and Lease Contracts: Performance, Warranties, Remedies Term Paper)
“Sales and Lease Contracts: Performance, Warranties, Remedies Term Paper”, n.d. https://studentshare.net/miscellaneous/403987-sales-and-lease-contracts-performance-warranties-remedies.
International market expansion is perhaps becoming the most preferred option for business organizations to grow and expand in the current age of turbulent market condition. International expansion can be carried out in licensing, franchising, partnerships and establishment of wholly owned subsidiaries and manufacturing units in the foreign nation.
The focus is usually as to how to get the sale rather than serving the customer (Johnston and Marshall, 2005). For this, the sales person require basic selling skills which include searching for prospective customers and briefing them about the benefits and advantages of the product or service rather in order to increase the sale orders volume (Ingram et al.
A contract can be oral, expressed, implied, written formal, simple, entire, or divisible. A contract can either be in an executory or executed state. For a contract to be valid it must contain all the essential elements required, otherwise, it is voidable, void, illegal, or unenforceable.
They all advocated for the use of written documents and cost estimations. Written documents ensure that the appropriate format to each agency is followed and that a proper criterion is adopted. DHS and NASA adopted the need to base their acquisition plans on past experiences so that unnecessary mistakes is not made in the future.
Sales Tax in Canada.The influence of government in the economy is of a great magnitude given that they issue policies and impose taxes (Bird, 2009). Taxes serve different functions in the economy and one of their critical uses is raising revenue for the government (Bird, 2009).
Sales require standard operational set ups so as to ensure maximum flow of products. The sales personnel must ensure that they adhere to such standards. Marketing may adopt any method depending on the choice of the entrepreneur. Advantages and Disadvantages of Building Customer Relationships via the Internet It is important to build customer relation through the internet since there are various advantages that come along with it.
The author states that the need for an effective Total rewards program is underscored by firms being solely dependent upon it for growth, stability and overall success. Likewise, the success of a firm that wants to have an effective sales force must use total rewards program, the size of that firm notwithstanding.
The paper seeks to address the issues concerning the formation and performance of the sales and lease contracts. It seeks to unveil the steps involved in entering into a contract, people who can enter into a
Company product line is certified by the United States Department of Agriculture.
The company has one manufacturing unit that consists of modern equipments and machineries that carry out manufacturing and formulation process in an effective fashion. The modern machineries
The author provides a case involving a condition was the case of Poussard v. Spiers & Poland. In this case, the plaintiff an actress was hired by the defendant to perform in an opera for 3 months but was not able to commence perform because the plaintiff fell ill and the defendant decided to replace her with another actress.
3 Pages(750 words)Term Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Term Paper on topic Sales and Lease contracts: Performance, Warranties, Remedies for FREE!