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- Who stamps the term "refer to the drawer" on the Cheque? The endorser The payee O The bank O The acceptorAlf sells prestige used cars. In the window of his office showroom Alf displays a whiteboard. On January 20 Alf wrote on this board: • “2015 Ferrari, just arrived, mint condition, £50,000. Special offer • 2015 Porsche, just arrived, like new, £40,000”. Question Which TWO of the following statements are correct? A In relation to the Ferrari the statement on the whiteboard is an invitation to treat B In relation to the Ferrari the statement on the whiteboard is an offer C In relation to the Porche the statement on the whiteboard is an invitation to treat D In relation to the Porche the statement on the whiteboard is an offer Question On January 21 Benz came into the showroom and offered Alf £400,000 for the Ferrari. Alf told Benz that he would consider his offer and get back to him. On January 22 Alf phoned Benz and said he would definitely accept £450,000 for the Ferrari. Benz requested time to think about his decision. Alf agreed he would hold the offer to Benz open, and not accept an…Salma is into catering business and cooks food for small parties. Hina ordered her to cook food for 50 guest for her party on 5th of May 2021 at the lunch time around 2:30 pm. Hina called Salma to cancel the order on 3rd May 2021 at 1:00 pm as the party is cancelled due to some of her personal reason. Can Salma claim Hina for the cost of the raw material that is used in preparations. Answer as YES or NO. Also choose the correct reason. Because Hina is cancelling the order and it is a loss for Salma No Yes Because Hina informed Salma quite ahead of time.
- Salma is into catering business and cooks food for small parties. Hina ordered her to cook food for 50 guest for her party on 5th of May 2021 at the lunch time around 2:30 pm. Hina called Salma to cancel the order on 3rd May 2021 at 1:00 pm as the party is cancelled due to some of her personal reason. Can Salma claim Hina for the cost of the raw material that is used in preparations. Answer as YES or NO. Also choose the correct reason.Choose the right answer 6. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has possession of the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 7. (Sale of Goods) Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraWhich of the following are checks without sufficient fund, as contemplated by BP Blg. 22? (I) A check dishonored by the bank upon presentment, due to insufficiency of funds, and the issuer has knowledge of insufficiency at the time of issue. (II) A check which would have been dishonored for insufficiency, were it not for the drawer’s unjustifiable order to his bank to stop the payment of the check. (III) A check dishonored for insufficiency when presented for payment within 90 days from issue, even if there was sufficient fund at the time of issue. I and II only II and III only I and III only I, II and III
- Situation You are the person in charge of ordering computer hardware from Merlin Computers. The items included twenty monitors and ten servers. Unfortunately, the items arrived a month late than the promised date of delivery. On top of that, two of the monitors were found defective. Merlin Computers has been notified about the defects and promised to solve the issue promptly. However, no action has been taken to date. Additionally, there was a mistake on the price quoted in the invoice received. You called them to address the matters, but no one could find a record of your order. Task Write a complaint email within 220 words to Merlin Computers about the matters. Your email should: 1. have a concise subject. 2. state the problems in detail. 3. state the actions needed to be taken by Merlin Computers. 4. reflect professional tone.Keith Avondale is in the market for a new “big screen” flat-panel television. While reviewing the Sunday newspaper, he notices a full-page advertisement from “Transistor Town.” The advertisement includes a 45-inch flat-panel television for $299. Surprised by the remarkably low price, and eager to purchase his new luxury item, Avondale makes plans to “open the store” on Monday morning. Avondale is the first customer to arrive at the store on Monday, waiting outside when the front doors open. He rushes into the store and announces to the first sales representative he sees, “I will take a 45-inch flat-panel television for $299!” The sales representative immediately refers Avondale to the store manager, who directs Avondale to his office. The store manager explains to Avondale that the advertisement was an unfortunate mistake, resulting from miscommunication between Transistor Town and the newspaper publisher. The manager goes on to say that the intended advertise price was $2,999,…A producer collects the initial premium for a health policy and gives the applicant a conditiones recopt in the salon the policy becomes effective at which of the lowing te When the premium is received in the insurance company's home office When the policy is delivered When the conditions of the receipt are met When the premium check clears the bank A OB D
- The contract for a home purchase typically includes: I. The negotiated price II. The completion of a home inspection III. The possession date IV. The approval of a mortgage by the bank I, III and IV All the responses OI, II and IV O I, II and IIIAccording to Commercial Instrument Law, a valid bill of exchange should have name of and signature of Select one: a. Drawer, Drawee and Payee b. Both Drawer and Drawee c. Both Payee and Drawee d. Both Drawer and PayeeWrite a business letter based on the context below: To attract customers, your company advertised a 10 percent discount of first-time orders from November 2-8. Although the advertisement clearly stated that this special offer applies only to orders from Nov 2-8, an order arrives today (Nov 9) from a client, Mr. Kenneth B. Abellera, purchasing agent of ABC Enterprises, requesting for the 10- percent discount. As sales representative for your company, write to Mr. Abellera. Explain that you can fill the order promptly but that the 10 percent discount is no longer available. The address of ABC Enterprises is 10 Paris Road, California.