Why Was the Plaintiff Successful in the Case of Hong

question 1

Multiple Choice

Why was the plaintiff successful in the case of Hong Kong Fir Shipping Co Ltd v Kawasaki Kisen Kaisha Ltd [1962] 2 QB 26?

• A)The term was an innominate term,and the breach was not serious enough to entitle the other party to repudiate.
• B)The term which had been breached was a warranty because it was subsidiary to the main purpose of the contract.
• C)The term which had been breached was a condition because the breach had a serious effect on the contract.
• D)The term which had been breached was a condition because the term was essential to the contract and the other party would not have entered into the contract without it.

Analyze how changes in market demand affect individual farmers' production decisions and market outcomes.

Determine the effect of income changes on market demand and firm-level output in perfectly competitive markets.

Calculate total revenue, total cost, and profit based on given data.

Interpret graphical representations of market scenarios to derive economic conclusions.

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Definitions:

Competing

A conflict management style using formal authority or other power that you possess to satisfy your concerns without regard to the concerns of the party that you are in conflict with.

Conflict Management

A process aimed at reducing or eliminating sources of conflict through various strategies and problem-solving techniques.

Formal Authority

A form of power that is recognized and sanctioned by laws and regulations, and is given to individuals in specific roles or positions within a structured organization.

Legal

Pertaining to the law or the set of rules that are enforced through social institutions to govern behavior.