What is commercial transaction


Aanswer the two questions below:

1. Please explain in what instance in a commercial context is it favorable to walk away from a contract during negotiations? Do not discuss termination provisions.

2. In relation to tort contingencies, meaning when there could be a tort on a commercial transaction operation, e.g., an oil field explosion, assault between employees and contractors, business interference with a contract--what are provisions that a manager may place into a commercial agreement to cover such occurrences?

Use Textbook Business Law : Text and cases Thirteenth edition .

 

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Business Law and Ethics: What is commercial transaction
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