Examlex

Solved

Hiram Is About to Agree to Sell a Specific Antique

question 13

Essay

Hiram is about to agree to sell a specific antique book to Natasha for $30 000.Hiram is willing to let Natasha have possession of the goods immediately.Furthermore, he is willing to sell the book on credit and to allow her to pay in ten monthly instalments.However, he is also concerned that she might become insolvent before paying the full price.If that occurred, he would want to be able to recover the book itself, rather than simply sue Natasha.After all, if she becomes bankrupt, she will not have enough money to fully satisfy all of the claims against her.Is Hiram's position truly at risk? If so, is there anything that he can do when creating his contract with Natasha to protect himself? Explain your answer.


Definitions:

Water-Soluble Vitamin

Vitamins that dissolve in water and are not stored in the body, thus requiring regular intake, such as vitamin C and B vitamins.

Scurvy

A disease resulting from a deficiency of vitamin C, leading to symptoms such as anemia, debility, and gum disease.

Vitamin C

An essential nutrient that acts as an antioxidant, supports the immune system, and is necessary for the synthesis of collagen.

Pulp Cavity

The innermost part of a tooth, containing nerves, blood vessels, and connective tissue.

Related Questions