BUS 393 Lecture Notes - Lecture 11: Forum Selection Clause, Sacramento County, California, Bellevue, Washington

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 393
• Professor: Shafik Bhalloo

Document Summary

Wembley & ariza did not receive their g/s from itex and/or cable. Wembley & ariza sued for fraud/deceit --> based on breach of contract. Made them regular, not preferred members (who save $ per transaction) Had to send in preferred membership app w/updated cc info. Managing director of wembley (david fuss) = testified that he was told by. Itex that he was just updating cc info. Webley"s account was once again removed from preferred membership status therefore charged higher transaction fees. Resubmitted application, then got credited for paying higher ps (no discount) Itex changed its trading rules of exchange (policy) Disputes to be dealth in one location --> new head office @ bellevue instead of sacramento. Trading rules were sent out to all exchange members. Wembley should have been sent a copy (recall that wembley = agent) B/c ariza =/= part of exchange, not mailed anything.