Sunday, June 16, 2019

Contract Law-Commercial Purpose assignment Case Study

Contract Law-Commercial Purpose assignment - Case Study ExampleWho is responsible for the payment of the crew of the Boat Is it included in the charges negotiated with bloody shame Who depart decide on the correctness of the amount payable to the crew Will Niles concurrence be obtained for the charges payable to crew (This is important as this will affect the net earnings from the whole venture)Whether the boat will be made seaworthy by completing the defouling and painting the hull sooner the cruises detonate Who will pay for the charges for such defouling and painting Has it been agreed that the boat will be made seaworthy by the owner before the cruises start will form part of the contractHas the boat been insured If so what are the obligations of the insurer Till what date the insurance is valid Does the insurance intersect the third party claims in case of accidents If currently there is no insurance, who will pay for the insurance coverageHas Mary a right to overturn the c ontract If so what are the terms (Notice period requirements, compensation for premature terminations are to be decided, as the tickets for such cruises will be sold in advance by Mr. John Nile and any unexpected withdrawal by Mary from the contract will put Mr. Nile into difficulties of facing the claims of the proposed passengers.)Has it been made known to Mary that pursuant to entering into a contract for the train of t... Nile into difficulties of facing the claims of the proposed passengers.)Has it been made known to Mary that pursuant to entering into a contract for the charter of the boat, she will become binding for all legal obligations arising out of the contract whether expressed in the contract or implied by common usage in the charter of boats for cruises commercially3. What are the rights and obligations of Mr. John Nile under the proposed arrangementHas Mr. Nile ensured that the boat is capable of carrying 40 passengers ( Since his commercial calculations are based o n this assumption it is important that this order should be cleared) Can Mary produce a certificate to the effect that the boat can carry 40 passengers at a time In case if a certificate cannot be produced, is she agreeing for the legal consequences of the boat being capsized due to overweight of the passengers Is she aware of this eventualityDoes Mary have a assure in the fixation of the charges for the passenger fares for the cruises Does it need to form part of the contract while specifying the consideration payable to MaryWhat is the agreement relating to the provision of other creature comforts in the boat other than food and wine For Example provision of clean toilet facilities, provision for the clean maintenance of the deck and the retiring rooms- whose office is this Who will bear the cost of the maintenance materials and maintenance crew Has this been included in the costs payable to Mary Has Mr. Nile discussed with Mary or her son near his withdrawing from the contac t, in case he is not able to mobilize enough passengers to carry out the venture If not what are his ideas on this (The contract should honorable mention a notice period and penal clauses for both the parties in case the

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