business law answer 2 case study

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Business law 5

  Question 5 : Define the term delivery. Is it necessary that delivery, ownership and payment of  price take place simultaneously? Discuss the rules regarding Delivery of Wrong  quantity.  Define the term Designated Partners. Explain their eligibility as well as appointment. ANSWER : Performance of Contract of Sale Performance of contract of sale means delivery of goods by seller and acceptance of  delivery of goods and payment for the same by buyer. • Seller’s main duty:- àIs to deliver the goods to the buyer • Buyer’s main duty:- àTo accept the goods and pay the price to the seller as per the terms of the contract The parties are free to provide any terms in their contract regarding time, place, delivery,  payment of goods and so on. But if the parties are silent and no terms are mentioned in the  contract then rules contained in the sale of goods act will be applicable. Meaning of Delivery Voluntary transfer of possession from one person to ano...
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Microeconomics question 1

  QUESTION 1 : a. Classify the following statements into Positive and Normative statements with reasons for  your classification.  i. The government should emphasise more on poverty reduction than on economic  growth.  Answer  Normative economic, the government should emphasise more on poverty reduction than on economic  growth ii. People would prefer a policy that lowered the level of unemployment to one that  brought inflation down. Answer  Normative,  Because People would prefer a policy that lowered the level of unemployment to one that  brought inflation down. iii. Higher taxes discourage work effort. Answer   Positive economic, Higher taxes discourage work effort. it is based on the facts iv. A rapid growth rate of money is the cause of inflation.  Answer:  positive economic, A rapid growth rate of money is the cause of inflation. v. Government should raise the tax on tobacco as to discourage people from smoking...
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