Homework Assignment Example | Topics and Well Written Essays - 250 words - 6

Homework - subsidization ExampleMallor, et al., 2012) in their contract stating that full payment for the ordered goods will be rendered upon successful address of goods in perfect condition. Whereas, any particular that result to failure of delivery will therefore fall back the buyer from paying the agreed amount for the transaction. Setting conditions in a contract protects both parties from creation charged with breach especially if failure of delivery is a result of ram majeure.On the different hand, the seller moldiness secure a conditioned contract with a third party - insurance companies of the cargo ships where, under the classification of condition precedent (Mallor, et al., 2012), the monetary amount insured will be collected by the seller in instances that their goods are damaged during transport.In addition, their bond with the buyer must indicate specific conditions to prevent allegation of breach of contract from the other party if such circumstance occur. Neve rtheless, condition stated by the seller must indicated non-performance of expected duty only in force majeure situations such as bad weather condition that result in damage of goods during transport thereof preventing excuses to non-performance other that what is indicated in the contract (Mallor, et al.,