This may prove to be inconvenient and expensive.
Similarly, if the buyer makes payment for the goods prior to receiving delivery, and if the seller fails to make delivery or delivers nonconforming goods, then the buyer is left facing a similar prospect of pursuing the seller in a foreign jurisdiction... Showed first 250 characters
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The parties establish a letter of credit, which enables the seller to obtain payment from a bank within his jurisdiction. The buyer establishes the letter of credit in such a manner, that payment is promised on presentation of certain documents, the contents of which confirm that the goods being delivered to the buyer are goods that conform to the terms and conditions of the underlying sales agreement... Showed next 250 characters
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cah conversion cycle
Definition of Cash Conversion Cycle from Investopedia:
“The cash conversion cycle (CCC) is one of several measures of management effectiveness. It measures how fast a company can convert cash on hand into even more cash on hand...
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How To Avoid The Dispute
between Socovini and Henri Ramel
Our client: Sacovini.
Case problem: The wine became chaptalized.
The seller, Sacovini, a company with its place of business in Italy, concluded several contracts for the sale of wine with French buyers...
5 / 1205
The Article 15 of the Sale of Goods Act, 1987 states that “an offer becomes effective when it reaches the offeree” and here in this scenario the contract is raised and is offered by BTN to Meniloise and is accepted as well and so complying with the act of Sale of Goods...
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1. Sale of the Shares. The Buyer hereby agrees to buy from the Seller, and the Seller hereby agrees to sell to the Buyer, 50,000 shares (the “Purchased Shares”) of Common stock in Alternative Construction Technologies, Inc...
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Law- Unpaid Seller
The seller of goods is deemed to be an "unpaid seller"
(a) When the whole of the price has not been paid or tendered.
(b) When a bill of exchange or other negotiable instrument has been received as conditional payment, and the conditions on which it was received has not been fulfilled by reason of the dishonour of the instrument or otherwise...
7 / 1902
Affordable Delivery Confirmation With Usps
If you want to see what the form looks like go to the USOS website and look for Form (PS Form 5630) it allows recipients to see that their package is on its way when they create shipping labels on their PC...
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This can be amended or cancelled at any time by the importer without the consent of the exporter. This option is not often used, as there is little protection for the exporter...