Trade Law Essay Example | Topics and Well Written Essays - 1500 words

Trade Law - Essay Example Benny was asked by Carlos to make all shipping arrangements; though it is the buyer’s obligation to make such arrangements under FOB contract. ‘Under an FOB sale, the buyer is responsible for making the arrangements for shipping the goods to their destination’. Thus, it had to be Carlos’ obligation to make all shipping arrangements with him being the buyer of the goods. Moreover, according to the FOB contract law, the seller is not under a duty to ship the goods until he has received shipment instructions from the buyer; thus Benny was not obliged to arrange any shipment without Carlos giving him the necessary instructions. It should be added, that this is the Buyer’s responsibility to arrange the shipment of goods to the port of destination. . The two cases were destroyed during loading at the port; it is necessary to find out who is responsible for these losses. According to s 20 of the Sale of Goods 1979, risk passes with property and in FOB sales risk passes along with property upon shipment – that is, when the goods pass the ship’s rail.

Macro Economics Wall Street Journal Article Essay

Macro Economics Wall Street Journal Article - Essay Example It could not however be fully associated with higher future income or enrollment in schools (Da Costa ‘Wall Street Journal’). The lives and welfare of these disadvantaged groups in America were however changed for the better. The macroeconomic value of the ‘Summer Jobs Program for the Poor Youth’ is closely linked to the economic theories of Business Cycles and Unemployment. Investing in the summer jobs programs for the disadvantaged youths led to changes in the cycles of business and unemployment in America. Unemployment, which is a major factor affecting the young population in America is significantly reduced as more youths get opportunities for employment. Increased income and savings will see more young people venture into individual business investments. Resultantly, more cycles of business will arise. The underlying assumption is that by being part of the active production, these disadvantaged youths lower their risks of imprisonment and death. Lowered cases of imprisonment and mortality imply an increased labor force provided by the prime-aged population and hence higher productivity. The economy’s business cycles and unemployment trends will, therefore, be