Examlex
Your company has purchased a wide variety of supplies from Acme Inc over the course of many years.Much to your surprise, Acme has just served a statement of claim on your company.You are puzzled and annoyed.First, you are puzzled because while the statement of claim clearly alleges that you owe Acme $15 000, the precise basis for that allegation is unclear.Given the amount of business that your company does with Acme, that claim might be made in reference to any one of literally dozens of recent transactions.You are quite sure, however, that you have not done anything wrong under any of those transactions.Second, you are annoyed because, in the interests of goodwill, your company has often accepted from Acme goods that were defective.In the past, you said nothing to Acme about those problems because you did not want to create bad feelings.But now that Acme has sued your company, you are feeling far less lenient.You are, in particular, dissatisfied with a shipment of shelving units that you received from Acme last week.Those shelves stand only 1.8 metres high, even though Acme promised in the contract of purchase and sale that the shelves would stand 2 metres high.In the circumstances, you have decided that you should sue Acme for breach of contract.Identify and briefly explain the pleadings that you will need to serve on Acme Inc.in the near future.
Ambrosia
In classical mythology, the food of the gods, which conferred immortality; in general usage, something very pleasing to taste or smell.
Plowshares
Metal blades fitted to a plow, used in farming to cut through the soil.
Comparative Advantage
The ability of an entity to produce goods or services at a lower opportunity cost than other entities, leading to more efficient economic exchanges.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.
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