Hansen Had a Contract with a Swedish Corporation for the Delivery

question 8

Essay

Hansen had a contract with a Swedish corporation for the delivery of several automobiles.When the corporation failed to deliver the vehicles as agreed,Hansen indicated that he would bring his case to the International Court of Justice for a proper hearing.Can Hansen make good on his promise to file a complaint with the International Court of Justice? Explain.

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Definitions:

Contribution Margin

The residual amount from sales income following the deduction of variable expenses, allocated for covering fixed costs and producing profit.

Variable Costs

Expenses that vary in relation to the amount of production or business activity.

Fixed Costs

Costs that do not change with the level of output produced, such as rent and salaries.

Break-Even Point

The financial analysis term where total costs and total revenues are equal, resulting in no net loss or gain for the business.