SECTION B Read the following extract and then answer the question below Two business entities come to you for assistance and they would like enter into a stock agreement supply. The other is a manufacturer and one is a retailer. It is their fist time to be committing to such a huge business arrangement and they both realise that it is important to do it right because as much as it looks like a great business deal, should it fail to work, it can lead to serious business losses that can even lead to liquidation and litigation. All they ask for is to be advised on the essentials of a valid business contract, and the need to explain conditions for compensating parties for breach of contract. In doing that, it is important to quote relevant authorities. Evaluate how the two enterprises need to be assisted.
SECTION B
Read the following extract and then answer the question below
Two business entities come to you for assistance and they would like enter into a stock
agreement supply. The other is a manufacturer and one is a retailer. It is their fist time to be
committing to such a huge business arrangement and they both realise that it is important to do it
right because as much as it looks like a great business deal, should it fail to work, it can lead to
serious business losses that can even lead to liquidation and litigation. All they ask for is to be
advised on the essentials of a valid business contract, and the need to explain conditions for
compensating parties for breach of contract. In doing that, it is important to quote relevant
authorities. Evaluate how the two enterprises need to be assisted.
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