BU231 Study Guide - Final Guide: Apparent Authority, W. M. Keck Observatory, Sports Equipment
Document Summary
Right of sale comes from statute, or a term in a k cannot arise by common law. Right of lien can arise by common law, statute, or contract. Proper law of contract determining where the contract is governed by. Laws are different in different locations; therefore it is hard to interpret the laws without knowing where it is governed by. Ex works buyer bears all of the risk: they go and pick it up from the vendor themselves. Free on board: vendor bears risk when getting the good to the carrier. Cif: vendor bears responsibility till the border. Ddp: vendor bears the risk until they get it to the door of the buyer. You tell someone they can buy this, travel there (give them layouts) But do not include the term that they can get the product back to your business. They must arrange how to get the goods back (it is implied)
