The Term Quality of Goods Case Study Example | Topics and Well Written Essays - 1250 words

The Term Quality of Goods - Case Study Example The major implied terms in contracts of sale are that goods must be in conformity with their description; appropriate for the purpose made known to the seller; should be of satisfactory quality, and the seller should have the right to sell these goods. Under section 13 of the Sale of Goods Act 1979, goods that have not been correctly described can be rejected only in the event of the buyer relying on such description. In contracts specifying the sale of goods by description a condition that these goods have to correspond to the description is inherent by implication. In Beale v Taylor2 the buyer purchased a vehicle after inspection, which had been described by the seller. The court held that this was a sale by description. In Harlingdon & Leinster Enterprises Ltd v Christopher Hull Fine Art Ltd3 a transaction between two art dealers was not considered to be a sale by description as the buyer was competent to rely on his own expertise to assess the value of the painting. In goods sold to a buyer, an implied term exists, which requires that these goods should be appropriate for any purpose that has been made known to the seller.4 Applicability extends to instances where the purpose is express or implied; only when the sale is in the course of business. It does not apply if the buyer decides on his own without relying on the sellers' skill or judgment. Sometimes the goods received, though free of defects, nevertheless, do not serve the purpose for which they had been bought and the seller knew about this fact. In Slater v Finning Ltd5 it was held that if an abnormal feature had not been revealed to the seller a claim under section 14(3) of the SGA would fail.

Foreign Direct Investment Assignment Example | Topics and Well Written Essays - 2250 words

Foreign Direct Investment - Assignment Example From the discussion it is clear that  countries seek FDI due to the technological benefits that boost production mechanisms in several sectors across the economy. FDIs also create adequate employment opportunities, thereby enhancing the economic growth prospects of the host country. FDIs, nonetheless, increase the quality of products within the market, hence giving the consumers a wider range of products from which they can choose.This paper stresses that FDI is responsible for stimulating the economic development of a target country. Besides, the FDI enables companies to enjoy the benefits that accrue from larger markets in the global economy. Therefore, FDI ensures that industries capitalize on their sales through international presence. While at it, FDI creates new employment opportunities, thereby increasing the income and the purchasing power of people within an economy. This leads to economic growth. As stated earlier, FDI presents a boost in the human capital resources, thro ugh sharpening the knowledge and competence of the cross-border workforce. Many companies also benefit from the tax incentives in their respective business fields. Apart for the development of knowledge, FDI enables the transfer of resources in form of technology, skills and raw materials, hence limiting the disparities between the organizational revenues and costs.  FDI can hinder the domestic investment by offering excess competition. In addition, the risk of political instability threatens to destabilize the operations of foreign investments.