Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Law question John is the managing directors of Pearson Ltd, a medium size company which sells custom made Italian light fixtures. For the past 12

Law question
John is the managing directors of Pearson Ltd, a medium size company which sells custom made Italian light fixtures. For the past 12 years, John has exclusively imported component parts from the Italian based company Lumitalia spA, who create innovative light fittings in a number of different designs and shapes.

During the course of an annual visit to the Lumitalia spAoffices in Milan, John renegotiates his contract with Emilio Schwarza, the managing director of LumiatliaspA, and they agree Pearson Ltd will buy the design blueprints for two of Lumitalias more successful ranges, so Pearson Ltd can manufacture the ranges themselves back in the UK.

John flies back to the UK, and arranges the transfer of funds to Lumitalia, but three months has subsequently passed and the design blueprints have still not been provided.

Advise John on any possible approaches he may want to consider in order to resolve this dispute.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

For Wahlen/jones/pagachs Intermediate Accounting Reporting And Analysis, , 2 Terms

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

2nd Edition

1305405676, 9781305405677

More Books

Students also viewed these Accounting questions