Question
a) Distinguish among a C.I.F. contract, an F.O.B. contract, and a C.O.D. contract. b) Joe bought a car from Harry's Fine Car Lot and owed
a) Distinguish among a C.I.F. contract, an F.O.B. contract, and a C.O.D. contract.
b) Joe bought a car from Harry's Fine Car Lot and owed him $5000 on the deal, which he was paying back at $500 a month under a Security Agreement. Harry assigned that Security Agreement to Ace Finance Company, and they served notice on Joe that he was to make his payments in future to them. Joe knew, however, that his deal was with Harry, and he ignored the notification and continued to make the payments to Harry.What danger does he face in these circumstances?
c) Joe wanted to start up a restaurant business. He did some research and found out McDonald's had not properly registered its trademark, the golden arches, in his particular area. Joe used a similar pair of arches over his restaurant and started business.Explain any danger he might face.
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