I have attached 2 files Short Answer Assignment which is the questionsTips on answering questions in...

Question

I have attached 2 files Short Answer Assignment which is the questionsTips on answering questions in Business Law - how the questions should be answersat least 4 citiations
	
Document Preview: SHORT ANSWER ASSIGNMENT 1 Jerry Limited (JL) a well-known trucking company that transport good from the port to various destination within Trinidad and Tobago is seeking Truck maintenance firm to provide routine maintenance to their fleet of 100 trucks. Tomcat (TC) has a  truck maintenance firm located in Guava village and is interested is providing JL with maintenance services for its trucks. JL requested that TC makes a bid for maintenance services and on the 1st January 2013, TC did so for the sum of $1mil per year inclusive of all related spare parts. On the 1st February 2013, JL informed TC that they have been selected to provide maintenance for their truck and required TC to enter into an agreement with JL.The contract was affected on 15th February and contains the following provisions/terms;TC will provide normal maintenance to  certain trucksJL is to pay TC the customary maintenance fees. Within one month of this arrangement, one of JL trucks ran off the road and was badly damaged. The accident was largely due to faulty brakes, which was not properly maintained. JL is very upset about the loss and plans to sue TC for the cost to repair the truck. However, TC is of the view that some of the terms of the contract are not clear and JL has no grounds to sue. JL know that you are currently pursuing Business law and seek you advice on the matter. Please advise JL.

David · Accepted Answer

Terms of the Contract    1
Running Head: TERMS OF THE CONTRACT
Terms of the Contract
Terms of the Contract    2
Issue of the Agreement 
Agreements are made to resolve the disputes among two or more parties that satisfy the 
terms and conditions of all the parties. In an agreement, all the parties must be satisfies with their 
requirements to other parties that may not raise any dispute (Meena, 2008). In this case, there is 
an issue related to maintenance of trucks of the company. This agreement was made by the Jerry 
Limited (trucking company) Tomcat (truck maintenance firm). This agreement breached within 
the one month of execution of it, due to some issue. Tomcat was maintaining the trucks of JL, 
but there was a big accident happened within the period of time of the agreement. This accident 
occurred a big loss in the accidents of truck due to badly damaged of truck. Now, JL wants to 
claim the amount of damages to TC that were occurred in the accident. JL also have the views 
that this accident was happened due to ineffective maintenance of truck made by TC (Young, 
2009). In this issue, TC said that these terms are not cleared before the agreement and not written 
in the agreement.  
Law on the Issue 
In this issue, the contract act 1872 would be applicable that can resolve this issue, 
because it is also part of business law. According to this law, JL can sue on TC, because it was 
unable to complete their task.

I have attached 2 files Short Answer Assignment which is the questions Tips on answering questions in Business Law - how the questions should be answers at least 4 citiations Document Preview: SHORT...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment