'Business Law Essay\r'

'1.The lose weight provides that for eveningry solar day of delay in completion of a mercenary building, damages of $1000 argon payable. The completion is delayed by 20 days payable to the fault of the slenderizeor. How several(prenominal)(a)(prenominal) can the innocent party state if the actual loss suffered is $22,000? Do you regard gener all in ally, it is wise for a business to unceasingly have a liquidated damages article?\r\n2.At Your Service Pte Ltd is a big accomp whatsoever which provides various travel related services, including oversea patch packages which are designed in-house. Tom, a customer, had booked a special in-house enlistment for 2 to Bali. Tom had booked the tour as he indispensablenessed to go to Bali for his honeymoon. However, subsequently Tom call off the schedule as he broke up with his fiancée. Tom had compensable the sum in full as per the iron out.\r\nHowever, the accept too provides that, if a cancellation is received 1 month in advance departure, 20% of the sum would be give up, if a cancellation is received 2 hebdomads earlierhand departure, 50% of the sum would be forfeited, if a cancellation is received 1 week before departure, 75% of the sum would be forfeited and if a cancellation is received at any time less than a week before departure, 100% of the sum would be forfeited. Tom cancelled the booking 3 days before departure. Tom nevertheless wants the full sum he paid returned, on the ground that he has non used any of the services. (Exam 09)\r\n3. Perfect time Pte Ltd agreed to sell a mechanism to Sosway Pte Ltd at $20000. Delivery was to be on the 1st. However, when the 1st came, Perfect Timing Pte Ltd did non supply the gondola to Sosway Pte Ltd and repudiated the campaign due to various problems on its end. Sway Pte Ltd had wanted to use the machine for the production process. so far it had been using another machine for the production process, but on the eve of the 31st (the day b efore the manner of speaking of the new machine), the old machine was exchange and set uped to a third party. As a result Sosway Pte Ltd’s production came to a stand still on the 1st. Sosway Pte Ltd managed to startle another similar machine from some other source within 21 days of the breach.\r\n(a) What damages can Sosway Pte Ltd look at for? (b) Is there anything Sosway Pte Ltd could have done precedent to entering into the contract which would have improve its position? (c) Does the concept of â€Å"mitigation” ground business/practical sense?\r\n4. On the 1st of May, Sweendal Pte Ltd, a van franchise company, entered into a contract with brain Changers Pte Ltd, low which Mind Changers Pte Ltd agrees to buy a commercial van for $130000. On the 2nd of May, Mind Changers Pte Ltd cancels the order as it cannot get the financing. The trade price of the van has remained the same. (a) What are Sweendal Pte Ltd’s remedies?\r\n(b) What if Sweendal Pte Lt d collected a deposit of $5000 and the contract provided that all deposits are non-refundable and will be forfeited if the buyer cancels the order? (c) Considering your answers in (a) and (b), would it be wise of Sweendal Pte Ltd to have a non-refundable deposit clause in the contract?\r\n5. Mann Shan is a landlord and has rented out his premises to Payne. The contract prohibits sub-letting. Payne sublets the premises and has earned $30,000 profits in the process thus far. Advice Mann Shan who is unhappy. Market place for rentals have gone up.\r\n6. Deeva is a far-famed pop star who has been engaged by signal Off Productions to do a design in Singapore. Thus far, interpret Off Productions has spent $50,000 in promotions and all the tickets have been sold out. After this, Deeva cancels the concert as she has some other more than all-important(prenominal) engagement.\r\n(a) Assuming if the concert had gone on, Show Off Productions would have make $200000 in net profits, advis e them as to the damages they can recover from Diva. (b) What if the Show Off Productions cancelled the show (after Deeva cancelled it) before any of the tickets were sold and before any expenses were incurred? What can they serve for? discharge they sue for damages for lost composition?\r\n7. J Pte Ltd entered into a contract with T Pte Ltd under which the latter is supposed to deliver some complicated custom make software. apprize T Pte Ltd sub-contract part of the moving in to R Pte Ltd? What if R Pte Ltd, does something wrong in the process †can J Pte Ltd, sue T Pte Ltd in respect of that? If J Pte Ltd did not want the contract to be sub-contracted, what could it have done? Generally, what could be some reasons, why you do not want the contract to be sub-contracted?\r\n8. Generally altogether parties to the contract can sue and be sued. However, in the following cases, are X and Y parties to the contract:\r\n(a)Z is an â€Å"authorized broker” for P type of ca rs in Singapore. The maker is Y in Germany. X goes to Z and buys a P car. Is there a contract between X and Y? (b)Z sells hand yells and is the authorized agent for Y, a mobile anticipate service provider. X goes to Z shop and buys a phone and signs up to receive mobile phone service from Y. Is there a contract between X and Y? (c)Z is a maid agency. Y is a maid. X goes to the maid agency and chooses Y. Is there a contract between X and Y? (d)Z is a modeling agency. Y is a model. X goes to Z to get models to carry through for an event. The models include Y. Is there a contract between X and Y?\r\n9. face web sites containing legal/contractual terms. Can you find an example of :\r\n(a)a liquidated damages clause . (b)a clause dealing with or prohibiting sub-contracts or assignments\r\nNote: such exercises are important to understand and appreciate that what you are perusal is not something just theoretical but arises in real life.\r\n'