Tiffin University Denny v. Ford Motor Company MGT623 Legal and Ethical Issues in Management Dr. Scott Basinger Submitted by: Ashley N. Brown 10-07-12 Denny v. Ford Motor Company Nancy Denny believed she was buying a Bronco II‚ which gave her the ability to switch between two-wheel and four wheel drive. According to the sales manual this feature would be appealing to women due to the vehicles’ ability to drive safer on snow and ice. Nancy Denny bought the vehicle
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which caused circulatory failure and then death. The executor of Lake’s estate sued the manufacturer of the air conditioner for damages resulting from breach of warranty. Which warranties‚ if any‚ has the manufacturer of the air conditioner breached? For a manufacturer to be liable for consequential damages caused by a breach of warranty‚ the consequential damages must be foreseeable to the manufacturer. Was Lake’s death a foreseeable consequence of the air conditioner’s failure to operate
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CIC reinsures extended warranty contracts with TPI sold by CC‚ is it appropriate for CC to recognize commission revenue at the time of sale of the extended warranty contracts? I believe you really have to determine who the true obligator is‚ whether it is still the third party insurer or if it would now be Crazy Computers because of having a wholly owned subsidiary that is reinsuring warranties sold by Crazy Computers. Since customers have the option to buy the warranty from Crazy Computers (CC)
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Ch’ng Chiau Woon SCSJ-0007016 Table of Contents Abstract 3 Introduction 4 Uniform Commercial Code (UCC) 4 Sale of Goods Act (1957) 5 Comparison of Uniform Commercial Code and Sales of Goods Act 1957 6 Open Price Terms 6 Implied Warranty: Fitness‚ Quality or Purpose 7 Acceptance of Goods 10 Consumer’s right on the examination/inspection of goods 11 Conclusion 13 References 14 Appendix Abstract To provide a critique of the sections contained in Article 2 of the Uniform
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Which of the three approaches to accounting for extended warranty and service contracts is most consistent with the actual substance of a sales transaction involving equipment and an extended warranty contract? Explain your selection and your reasoning fully. Circuit City should go with the Approach 3: Partial Revenue Recognition. At the beginning of the article‚ it shows that Circuit City believed that the revenue from sales of extended warranty contracts would most closely matched costs under the
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No Airport? No Runway? No Problem! The Next Generation “Super Goose” by Antilles Seaplanes LLC Antilles Seaplanes Model G-21G Specifications & Descriptions Exhibit A Page 1 of 17 General Description All information herein applies to the Antilles Seaplanes Model G-21G “Super Goose” - a high wing‚ twin turbine powered‚ ten-seat‚ amphibious airplane. Certification Information Manufacturer & Model Number Antilles Seaplanes G-21G Name “Super Goose” FAA Type Certificate Date Sheet Approved Operations
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opera singer for three months. She became ill five days before the opening night and was not able to perform the first four nights. Spiers then replaced her with another opera singer. Warranties Warranties are minor terms of a contract which are not central to the existence of the contract. A breach of warranty is usually not a valid reason for voiding a contract but it entitles the aggrieved party to claim damages but can not end the contract. Case example: Schuler v Wickman Tools In this
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to the Purchaser. The Seller will provide at its expense insurance on the Goods insuring the Seller’s and the Purchaser’s interest as they appear‚ until receipt of shipment has been confirmed. Warranties 6. THE GOODS ARE SOLD WITH WARRANTY. THE SELLER ACCEPTS ALL WARRANTIES WHETHER EXPRESS OR IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. The Seller assumes‚ or authorizes any other person to assume on the behalf of the Seller‚ any liability in connection with the sale of the
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the Barstow Project: The four alternative course of action available to PVT a) Offer to extend the original warranty at internal cost from 10 to 20 years In the first scenario PVT would extend the product warranty to 20 years‚ Solenergy would contractually prepay the warranty premium annually at the rate of 18% of the purchase price of each inverter. PVT would perform warranty services as necessary throughout the year and submit an invoice monthly of actual internal costs for parts‚ labor
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CPA Law Exam II Notes Chapter 19: Formation & Terms of Sales Contracts Sale of Goods: UCC Article 2. Applies only to transactions involving goods. (Personal Property: Depends on how property is used. Ex: Brick in building = Real Property. Brick in riot = Personal). If it’s a mixed trxn‚ the predominant part determines which law is applied. If goods are the incidental part‚ common law applies. Common law is for services and sale of real property. Lease: UCC Article 2A. Transfer of the
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