Risk transferring refers to taking risk or risk that may occur from one party and moving it to another. If there was a chance risk may occur, conducing a 'what if' analysis will allow the organization to see what may happen if they do or do not transfer risk to another party.
Answer:
A. the computers are identified to the contract.
Explanation:
The buyer has the right to recover all the goods when the seller suddenly becomes insolvent. Also where the buyer wishes to receive all the goods and also a substantial prepayment is already made and then the buyer finds out the seller has become insolvent.
Under the UCC Section 2-502, it allows the buyer to recover all the goods if the below conditions are met:
- the goods or the items must be identified to the contract
- if the buyer had paid a part of the purchase price or have made full payment
- if the buyer is willing to pay if any balance due
- after the first installment, the seller must become insolvent.
Therefore, in the context, Legal Services can recover all the computers if the computers are identified to the contract.
When this happens, the intestacy laws of the state where you reside will determine how your property<span> is distributed upon your death. so D is the right answer</span>
Answer:
Option (D) is correct.
Explanation:
We know that there is a inverse relationship between the price of a good and its quantity demanded.
Relative inelastic demand refers to the demand where percentage change in the quantity demanded is relatively smaller than the percentage change in price of the good.
Relative inelastic demand curve is a demand curve which is relatively steeper in shape but not perfectly inelastic or vertical.
Answer:
Option C is the correct option.
Explanation:
As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.
Overall the option C is the correct option with which the case scenario relates.
