Walter Owns a Small Supermarket in Derby

question 14

Multiple Choice

Walter owns a small supermarket in Derby. He contracts with International Foods Ltd for the provision of ice cream snacks which he will sell in his shop. Under the contract, Walter may lease an ice-cream freezer on a very favourable term. Clause 203 of the contract, which Walter has signed but has not read in detail, states: 'In the event of any repairs, the lessee will be required to ship the freezer to the lessor and bear all shipment costs'. In the middle of the summer, the freezer breaks down and Walter asks International Foods to fix it. International Foods tells Walter to ship the freezer to their factory headquarters and reminds him that he must bear the shipment costs which are substantial. Is Walter bound by this clause?

• A) Yes.
• B) No, it has not been validly incorporated.
• C) No, it is unreasonable and invalid under UCTA.
• D) No, it is unfair and not binding under CRA.

Comprehend the historical development and evolution of the paralegal profession.

Understand the role of paralegals in providing competent legal services.

Distinguish between the work environments of small law firms, large law firms, and corporations.

Recognize the main reasons why most paralegals start their careers in small law firms.

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Definitions:

Net Present Value

A financial metric that calculates the current value of all future cash flows of an investment, minus the initial investment cost.

Future Cash Receipts

Money expected to be received by a business or an individual in the future from transactions or agreements.

Bottleneck

A point of congestion in a production system where the demand outpaces the production capacity, leading to delays and reduced throughput.

Cross-Trained Employees

Individuals within an organization who have been trained in multiple skills or tasks, allowing them to perform a variety of roles as needed.