Law assisgnment

... The answers to the problems contained within this assignment concern Sale of Goods Act contracts where the buyer and seller come to an agreement where the goods are to be shipped via sea. In this scenario time is usually a major issue, where CIF and FOB contracts are involved as they both have shipment periods. In CIF contract the seller decides when during the shipment period the loading is to take place and informs buyer. However in the FOB contract the buyer will dominate date of shipment. In this case (FOB) the buyer will nominate date of loading and give notice to the seller to have goods ready at port for shipment period (this about reasonableness if unreasonable breach of condition). The letters C.I.F stand for 'cost, insurance and freight'. These contracts focus on the delivery of documents and payment against delivery of these documents. The documents usually provided are (a)

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