UN CISG classifies “breach of contract” into ().
A、material and minor breach
B、fundamental and non-fundamental breach
C、breach of condition and breach of warranty
D、substantial breach and partial breach
A、material and minor breach
B、fundamental and non-fundamental breach
C、breach of condition and breach of warranty
D、substantial breach and partial breach
Candel Co is being sued by a customer for $2 million for breach of contract over a cancelled order.Candel Co has obtained legal opinion that there is a 20% chance that Candel Co will lose the case.Accordingly Candel Co has provided $400,000 ($2 million x 20%) in respect of the claim. The unrecoverable legal costs of defending the action are estimated at $100,000. These have not been provided for as the case will not go to court until next year.What is the amount of the provision that should be made by Candel Co in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets?
A、$2,000,000
B、$2,100,000
C、$500,000
D、$100,000
A、The CPAs had a duty
B、The CPAs made a false statement
C、The client incurred losses related to the CPA's performance
D、The CPAs breached their duty
B.Specificperformance
C.Injunction
D.Rescission
1. Both parties should abide by the contract and should refrain from revising, canceling, or terminating the contract without mutual consent.
2. The contract can be revised, canceled, or terminated with mutual consent. Before both parties have reached an agreement, the contract should be strictly observed.
3. Party A has the right to cancel the contract with a written notice to Party B under the following conditions:
(1) Party B does not fulfill the contract or does not fulfill the contract obligations according to the terms stipulated, and has failed to amend after Party A has pointed it out.
(2) According to the doctor's diagnosis, Party B cannot resume normal work after a continued 30 days sick leave.
4. Party B has the right to cancel the contract with a written notice to Party A under the following conditions:
(1) Party A has not provided Party B with necessary working and living conditions as stipulated in the contract.
(2) Party A has not paid Party B as scheduled.
1. Both parties should refrain from revising, canceling, or terminating the contract without mutual consent, but it can be revised, canceled, or terminated with【46】.
2. If Party B does not fulfill the contract or does not fulfill the contract obligations according to the terms stipulated, and has failed to amend after Party A has pointed it out, Part A has the right【47】with a written notice to Party B; or if Part B is badly sick, who cann't continue to work after asking for a continued【48】, Part A also has the right to cancel the contract with Party B. On the other hand, if the【49】for Part B is not the same as the one stipulated in the contract, or Party A has not【50】as scheduled, Party B has the right to cancel the contract with Party A.
"Shall" is one of the most frequently-used words in international business contracts and the accurate legal word(1)contracts, we usually use the word "shall"(2)words like "must" or "have to", when we express the meaning(3)something must be done or some obligations must be(4)with.If the obligations in the contract can not be fulfilled,(5)of the contract may(6).
E.G.: The contractor(7)prepare the general construction schedule
(8)the Project based(9)the above target, subject(10)adjustments of this contract time as provided in the contract documents.
A、Do his best to rescue the goods.
B、Promptly notify the other party about the occurrence of the force majeure event.
C、Ask a lawyer to issue a letter detailing the nature and extent of the force majeure event.
D、None of the above.
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