Compare and contrast quality control and quality assurance
What will be an ideal response?
Answer: Quality control means, "catching the bad ones." It measures the quality of production against established standards after the goods have been produced, and the defects are weeded out. Quality assurance means, "doing it right the first time." It involves policies, procedures and practices to build quality into the product from the start, rather than finding defects after the production process.
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A licensee located what seems like a ready, willing, and able buyer. However, the deal falls through at closing because the buyer cant obtain necessary financing. At the same time, though, a seller turns out to be unable to provide marketable title. Does the seller still owe a commission to the listing agent in this case?
A. No, because the sale didn't close B. No, because there was no ready, willing, and able buyer C. Yes, because the licensee saw the transaction through the closing date D. Yes, because the seller has an absolute duty to provide marketable title at closing
Genosha Limited ordered 500 pairs of jeans from Jeans Co a company based in Sydney Australia. JeansCo's standard ordering form on which the order was made, provides that payment must be made within 10 days of the date of delivery
Genosha received the jeans but owing to financial difficulty, has been unable to complete the payment of the purchase price. Which of the following statements most accurately describes JeansCo's best legal position? A) It can seek punitive damages against Genosha. B) It can cancel the contract and sue for the recovery of the goods C) It can sue for the recovery of the goods but cannot cancel the contract D) It can seize the jeans as the law allows sellers some margin of self help. E) It can sue Genosha for damages for breach of contract equivalent to the outstanding amount of the purchase price.