You are the buyer of a large quantity of ball bearings you


Question: You are the buyer of a large quantity of ball bearings. You sign a contract drafted by the seller that states you will "pay $500,000 for shipment for agreed goods arriving to New York next year on ship MV Liberty." Afterward you realize that "Liberty" is a common name in shipping and are concerned that a risk exists that you will be forced to pay for different goods that arrive on a ship with a similar name. Evaluate this risk and articulate ways that the contract could have been drafted to prevent such problems.

Request for Solution File

Ask an Expert for Answer!!
Operation Management: You are the buyer of a large quantity of ball bearings you
Reference No:- TGS02639056

Expected delivery within 24 Hours