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HomeBusiness Help › BBA 3210
Status: Completed
BBA 3210
Date Posted: 28/04/2021
Category: Business
Due Date: 29/04/2021
Instruction
One of the reasons that the statute of frauds requires that certain contracts be in writing is because proof of the contract (and the terms within) is easier than if the contract is verbal, but written contracts are sometimes several pages long and contain legal terms that may mean something that most of us do not understand. If you were entering into a contract, would you rather have a written contract that was several pages long and that you might have to spend some time reading to understand or a verbal contract that you and the other party have discussed and that you understand from that discussion? Why? Would the content of the contract make a difference? Have you ever bought something, paid for it, and arranged to have it delivered to you at a later date? That is a fairly typical transaction, and, under the Uniform Commercial Code (UCC), a delivery contract is created. However, it is a little complicated to determine when you become the complete owner of the thing purchased. First, when the contract is made and the purchase price is paid, the title to the item purchased is transferred to you, the purchaser. The UCC says that title is ownership, so you become the owner when the contract is signed and the purchase price is paid. However, only when the item purchased is actually delivered to you does the risk of loss pass to you. Why is that two-step process (i.e., [1] title is transferred to you when the purchase price is paid, and [2] then risk of loss is transferred to you when the good is delivered to the purchaser) necessary or helpful? Both responses must be at least 200 words in length. No references or citations are necessary.
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  • I have uploaded your work and you may now release the payment. Thank you
    committedwriter | Apr 28, 2021, 21:48 PM
  • You seem to have only answered one question
    User_31855 | Apr 29, 2021, 08:02 AM
  • I really doubt. Why don't you go through it onces more. I have and I can see I addressed all the issues
    committedwriter | Apr 29, 2021, 08:09 AM
  • I read through the file. You only addressed the second question. I also had in my request that both response be at least 200 words
    User_31855 | Apr 29, 2021, 08:16 AM
  • Question #1 One of the reasons that the statute of frauds requires that certain contracts be in writing is because proof of the contract (and the terms within) is easier than if the contract is verbal, but written contracts are sometimes several pages long and contain legal terms that may mean something that most of us do not understand. If you were entering into a contract, would you rather have a written contract that was several pages long and that you might have to spend some time reading to understand or a verbal contract that you and the other party have discussed and that you understand from that discussion? Why? Would the content of the contract make a difference?
    User_31855 | Apr 29, 2021, 08:17 AM
  • Question #2 Have you ever bought something, paid for it, and arranged to have it delivered to you at a later date? That is a fairly typical transaction, and, under the Uniform Commercial Code (UCC), a delivery contract is created. However, it is a little complicated to determine when you become the complete owner of the thing purchased. First, when the contract is made and the purchase price is paid, the title to the item purchased is transferred to you, the purchaser. The UCC says that title is ownership, so you become the owner when the contract is signed and the purchase price is paid. However, only when the item purchased is actually delivered to you does the risk of loss pass to you. Why is that two-step process (i.e., [1] title is transferred to you when the purchase price is paid, and [2] then risk of loss is transferred to you when the good is delivered to the purchaser) necessary or helpful?
    User_31855 | Apr 29, 2021, 08:17 AM
  • So now I do the first question. Right?
    committedwriter | Apr 29, 2021, 08:19 AM
  • Correct
    User_31855 | Apr 29, 2021, 08:20 AM
  • On it
    committedwriter | Apr 29, 2021, 08:28 AM
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