A Enters into a Contract with B Under Which a Will

question 12

Multiple Choice

A enters into a contract with B under which A will sell to B 1000 barrels of fish for $8000.00.The contract provides that the risk passes to the buyer on delivery of the shipping documents.B pays a deposit of $1200.00 and A delivers five barrels of fish to B.Five days later A's warehouse is destroyed by an explosion caused by faulty repairs to a gas pipe.Under the modern Frustrated Contracts Acts

• A)A must still complete the contract because it has not been frustrated.
• B)B would get back his deposit less the value of the five barrels of fish delivered to him.
• C)B would get back his full deposit.
• D)all of the above
• E)none of the above

Grasp the concepts of present and future values of money in decision making.

Distinguish between APR and EAR and their implications for borrowers and lenders.

Make informed decisions regarding investment opportunities based on interest rates and cash flow analysis.

Understand the principles behind valuing perpetuities and annuities in financial management.

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Definitions:

RFP

An acronym for Request for Proposal, a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset.

Volkswagen

A German automotive manufacturer known for producing a range of vehicles, including the iconic Beetle, and facing emissions testing scandals.

RFP Stage

The phase in procurement where a Request for Proposal (RFP) is issued to invite bids from potential vendors for a project or service.

Invite Suppliers

The process of asking various suppliers to participate in a bidding process or to propose their goods for procurement.