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Hello! I hope everyone is doing great today. Maybe someone can help me with my assignment in school. This subject is LEGAL BUSINESS Identification: 1.Designating

Hello! I hope everyone is doing great today. Maybe someone can help me with my assignment in school. This subject is LEGAL BUSINESS

  • Identification:
  1. 1.Designating the conditions of delivery for international trade using only the 3 letters as is for Incoterms is sufficient. The place of destination and the year of the Incoterm used will not add clarity to the contract between parties.
  2. The latest amendment to the agreement on damages by air carriers which removed proof of negligence of airlines for damages that is within the amount of liability provided by the treaty.
  3. This agreement amended the original agreement drafted by the International Technical Committee of Legal Experts on Air Questions and signed by several International Civil Aviation Organizations as it included damages suffered by victims of air accidents.
  4. The clearance that must be obtained by manufacturing plants to check whether they have complied with regulations ensuring that the environment will not be harmed.
  5. Supposed Bernie is married and his wife went to Bernie's employer to complain that Bernie is not giving her support for their 2 children. Bernie's employer took pity on her and directed the payroll master to deduct half of Bernie's salary which will now be given to Bernie's wife. Is the action of Bernie's employer valid? WHY?
  6. Allan, sales manager of DEC Corp. was tasked to negotiate and enter into an agreement with Hokkaido Corp. What should DEC Corp issue to Allan to show that he is really authorized to enter into a contract with another entity and bind it legally?
  7. Simon, a daily wage earner, was scheduled to go to work for the day but due to heavy rains and a great flood, the government suspended work and declared it a special non-working holiday. If Bernie was unable to work, is he entitled to holiday pay? WHY?
  8. GNC issued a financial instrument to ABC Co., for a loan to cover purchase of goods from XYZ Co, seller. This instrument is in favor of XYZ Co. to guaranty payment of the goods subject only to presentment of documents evidencing the delivery. What do you call this financial instrument?

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