Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Instructions Correctly identi' 4 legal issues in bullet form that arise out of the ctional mots below. Do not use more space than provided for
Instructions Correctly identi' 4 legal issues in bullet form that arise out of the ctional mots below. Do not use more space than provided for in the Answer sections of his document. Note the sample answer for the rst bullet to guide you as to substance and approximate length. The TA has the discretion to raise your grade based on your participation in the tutorial. Facts Beta Inc. is a Canadian corporation located in Ottawa Ontario. It manufactures spare parts for aircraft engines and starts negotiations with a potential distributor located in New Delhi= India, called Para Inc. Early in the negotiations, on October 15, 201?, it sends an email indicating that its pricing will be mus dollars- Almost two months later= on December 12, 2131?, following further negotiations, it sends its standard template contract which obligates Para to buy ZELDDD spare parts for Sl, with the shipping date to be l'vlach 31, 21313. Both parties sign the contract and exchange them by email. Unfortunately, through an error, Beta forgets to show that the pricing is in US dollars and the contract is silent as to which national currency forms the basis of the contract. The contract specifies that the governing law is that of the Province of Ontario and the applicability of the UN Convention on the Sale of Goods is expressly waived. In accordance with the contract, Beta places the goods on the ship in Montreal on March 3 l= 25.113, at which point Para wires Beta payment of $15DJJUU in Canadian funds. By this time, the Canadian dollar has tumbled 15% against the US dollar. Beta says that this in unacceptable and halts the shipment Para threatens to sue as it needs the spare parts to honour a contract with the Government of India
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started