True /falseThe variation of transport cost by FOB, CFR /CIFbrings more or less costs and changes the nature ofthe terms.Under FOB, insurance is an obligation for importer.DAT is only for sea or inland waterway transportationmode.Institute War/Strike Clause also have independent andcomplete structure, but can be covered separately onlyafter agreement from the insurer according to ICC.Under FCA, a seller is responsible for loading andunloading cargo at any agreed delivery point.Under FOB, insurance is an obligation for importer.

ANSWER: FALSE: The seller pays freight charges from port or shipping destination and than the buyer…

Answered: True /false

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Belletricity Inc., a medium electronic circuit board manufacturer in the US, is a long-term supplier to Morden Equipment (ME). ME is Belletricity’s only client. Every year, Belletricity sells around 5 million circuit boards to ME, which occupies Belletricity’s full production capacity. In 2012, ME informed Belletricity that due to business expansion, ME would increase the purchase from 5 million to 15 million starting from 2013. Belletricity has been selling circuit boards at the unit rate of USD 0.8 to ME so far. Due to the future increase of the buying volume, ME therefore asked Belletricity a price cut to USD 0.6 each. After negotiation, ME agreed to buy from Belletricity at the price of USD 1.00 starting 2013, for three years consecutively, till 2015. a) What was the rationale behind that ME agreed to pay a higher price to buy from Belletricity for the next three years? b) Why could Belletricity successfully persuade ME to accept her requested price?
Deep South Imaging Inc., a US company enters into an agreement with Cortez Health Systems, a Mexican company. The agreement calls for Deep South to purchase 5 new MRI machines at a price of $20,000 each. The contract calls for delivery to Deep South's headquarters in Mobile, Alabama. The contract is silent as to risk of loss. When the goods arrive, Deep South is upset to see that two of the machines were damaged in transit. Deep South informs Cortez that it will not pay for the broken machines. If Cortez sues Deep South, it will likely A. Win, because the UCC requires deep south to pay pay for the goods B. Lose, because MRI machines are related to a service and therefore are not covered by the CISG C. Win, because damage to the goods does not give the buyer the right to not fulfill its payment obligations D.
5. Your company purchases a water solution containing 3 chemicals A, B, and C. A recent shipment of 10,000 kg contains 6% A, 13% Band 19% C. The bill submitted by the supplier is P 1125. This does not include shipping, which is a separate item. Your superior feels he is being overcharged and asks you to check. In looking over past records, you find this information: Shipment Kg shipped %A %B %C Total Cost 1 6000 10 23 589.90 2 4000 10 12 20 461.60 3 6000 7 10 22 654.60 What is your report to your supervisor?
Locate the doctrine in the UCC and describe “accommodation" in your own words. Be sure to provide a definition that is applicable in relation to the sale of goods and contracts. Now, apply the doctrine to the hypothetical below: You own Bo’s Garden Supplies and have used Mick’s Manure as a supplier for several years. Exchanging email, you and Mick agree that he will ship the usual 50 bags of manure around April 1st. On March 30th, he emails you to say that there was a shortage of full-size manure bags so 100 bags, totaling the same amount of manure, are on their way and will be there as of April. Is Mick in breach of contract? Why or why not? Please explain. What are your legal options?
WS Produce, a small family business engages in importing fruit and vegetables, entered into an agreement with PP Produce Inc., a large wholesale fruit and vegetable business, to supply PP Produce Inc. with a container shipment of 1,000 boxes of pomelos imported from Vietnam. The pomelos were delivered to PP Produce Inc. together with a purchase order (PO) invoice the pomelos at $50.00/box. A load sheet, signed by the person at PP Produce Inc. who took delivery, referred to the consignment as having been received. The company has no history of stocking volume of pomelos because it is not saleable. Then they requested the WS Produce to take back 200 boxes of which WS Produce did. WS Produce issued a credit memo of $10,000.00 for the 200 boxes. Since it is not saleable, PP Produce Inc. was unable to sell the remaining pomelos and eventually many of them rotted. WS Produce claimed the balance of the price. PP Produce Inc. contested that the pomelos had been supplied on consignment and…
Jan orders 100 rulers from Depot Office Supplies for which she pays the sales price of $100 in advance. Jan accepts a shipment of ten rulers, then decides that she does not want more. She issues a stop payment order, but the bank permits Depot Office Supplies to cash the check. Jan is entitled to recover from the bank A. $100. B. $90. C. $10. D. none of the above.
Situation You are the person in charge of ordering computer hardware from Merlin Computers. The items included twenty monitors and ten servers. Unfortunately, the items arrived a month late than the promised date of delivery. On top of that, two of the monitors were found defective. Merlin Computers has been notified about the defects and promised to solve the issue promptly. However, no action has been taken to date. Additionally, there was a mistake on the price quoted in the invoice received. You called them to address the matters, but no one could find a record of your order. Task Write a complaint email within 220 words to Merlin Computers about the matters. Your email should: 1. have a concise subject. 2. state the problems in detail. 3. state the actions needed to be taken by Merlin Computers. 4. reflect professional tone.
1. A market is any place where two or more parties can meet to engage in an economic transaction and should only involve legal tender. A.True B. False
The sale or transfer of a partner's transferable interest is a(n) act of the partner. Multiple Choice involuntary state-mandated voluntary federally mandated
Non-compete agreements are typically held to be illegal in most states. True False
Lizard Lick Corporation requires all distributors of its lizard salt lick products to sell the products at specified minimum prices. This resale price maintenance agreement is not subject to antitrust law as it deals with products for animal life and the antitrust laws were implemented to protect people only. a violation of the Clayton Act. a per se violation of the Sherman Act. subject to evaluation under the rule of reason. just plain wrong and illegal on for numerous reasons.
Which of the following terms best describes the action that is taken once a mortgage loan has b Closure BO Refinance O Reconveyance DO Substitution of trustee OC inf

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS