#1 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

#1 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?

Your response must be at least 200 words in length.

#2 The principal agent relationship, the employer-employee relationship, and the employer-independent contractor relationship are three types of agency relationships commonly found in business settings. Why is it important for business professionals to know what type of agency relationship they are forming?

Your response must be at least 200 words in length.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit
Reviews

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Download data on a company’s stock history. From this data, create scatterplots, histograms, and calculate the mean, median, mode, and standard deviation

Download data on a company’s stock history. From this data, create scatterplots, histograms, and calculate the mean, median, mode, and standard deviation of some data points. Write a 5-8 page report including the graphs and descriptive statistics you have created. Collapse AllIntroduction Business analytics techniques are used to facilitate decision

Module 3 – SLPCorrelation Regression AnalysisAssignment Overview Correlation and Scatterplots **Complete Module 3 SLP before Module 3 Case** Let us delve

Module 3 – SLPCorrelation Regression AnalysisAssignment Overview Correlation and Scatterplots **Complete Module 3 SLP before Module 3 Case** Let us delve into Organizational Commitment. In your earlier research, you discovered how important this is to a company. Now, we will investigate what types of correlations exist between Organizational Commitment and

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not be required for this assignment, and no outside resources are required. Details: Using the Unit III Assignment Template, write a dialogue (short conversation) between two people. Keys to