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[主观题]

Buyer and Seller entered into a sales contract to buy 10,000 kg chemical products at a pri

ce of RMB 200 yuan/kg, totalling RMB 2 million yuan. Among other things, the sales contract stipulated the following terms and conditions: within 10 days after the conclusion of the contract Buyer would make the advance payment of RMB 500,000 yuan and Seller was to deliver all the goods to the place of Buyer; the remaining price of RMB 1·5 million yuan should be paid within five days upon the delivery of goods; any breach of contract should be subject to the liquidated damages equivalent to 20% of the total price.

Buyer made the advance payment, but Seller did not deliver any goods. Buyer urged Seller to deliver the goods immediately, as its production would be seriously affected by the short supply of the goods. However, Seller declared force majeure as the reason for non-delivery. Seller insisted that it was only a trading company, not a producer of the chemical products. Seller alleged that upon the conclusion of the contract, it entered into a purchase agreement with a producer to buy the goods from the latter. Due to a fire accident, the producer could not supply the goods under the purchase agreement; Seller therefore could not deliver the goods to Buyer. Non-delivery of goods was due to force majeure that caused the failure to supply the goods by the producer to Seller.

Buyer refused to accept Seller’s argument and bought 10,000 kg of the same products for replacement at a price of RMB 220 yuan/kg, resulting in a total extra cost of RMB 200,000 yuan. Meanwhile it filed a lawsuit against Seller in the court, requesting liquidated damages of RMB 400,000 yuan (20% of the total price) and the damages of RMB 200,000 yuan for extra price caused for the urgent purchase.

Required:

Answer the following questions in accordance with the relevant provisions of the Contract Law, and give your reasons for your answer:

(a) state whether Seller’s argument of force majeure can be established; (5 marks)

(b) state whether Buyer’s claims for liquidated damages and damages should be supported by the court. (5 marks)

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更多“Buyer and Seller entered into a sales contract to buy 10,000 kg chemical products at a pri”相关的问题

第1题

Under the documentary credit, which of the following is false?A.The buyer's bank will issu

Under the documentary credit, which of the following is false?

A.The buyer's bank will issue a documentary credit.

B.The seller has his bank's undertaking to pay.

C.If the seller presents the correct documents, he will be paid.

D.A bank acts as an intermediary between the buyer and seller and is willing to provide trade.

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第2题

听力原文:Although banks are involved in documentary collection, they offer no bank guarant
ee to either the buyer or the seller.

(10)

A.Banks may guarantee the buyer or the seller in documentary collection.

B.Banks act as agents without responsibility of guarantee on either side.

C.Banks offer bank guarantee to both the buyer and the seller in documentary collection.

D.Banks are only responsible for the buyer in documentary collection.

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第3题

What will a foreign seller do when he gets the letter of credit from the buyer?A.He will d

What will a foreign seller do when he gets the letter of credit from the buyer?

A.He will draw a bill of exchange on the buyer's bank.

B.He will sell it and get money at once.

C.He will make payable on demand.

D.He will authorize the company to make the payment.

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第4题

In a letter of credit transaction, the bank pays the seller against ______ which agree (s)

In a letter of credit transaction, the bank pays the seller against ______ which agree (s) with ______.

A.documents... the credit

B.merchandise... the contract

C.documents... the contract

D.merchandise... the buyer ordered

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第5题

Cost Plus Percentage of Cost contracts are more desirable for the:AownerBbuyerCsellerDcont

Cost Plus Percentage of Cost contracts are more desirable for the:

A owner

B buyer

C seller

D contractor

E C or D

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第6题

凭样成交的出口商品的品质条款应力争()

A.Quality as per seller‘s sample

B.Quality as per buyer’s sample

C.Quality as per sample

D.Quality as sample

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第7题

Fixed Price contracts place more risk on the:AownerBbuyerCsellerDcontractorEC or D

Fixed Price contracts place more risk on the:

A owner

B buyer

C seller

D contractor

E C or D

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第8题

If the market price of the financial instrument concerned should be higher on the delivery
date than the price agreed in the financial future contract ______ will make a profit.

A.the seller

B.the buyer

C.the broker

D.the dealer

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第9题

One foreign trade corporation exported 1000 M/Ts of goods. The price is USD2000 per M/T CIF London.
The freight of the goods is USD150 per M/T. The seller will cover All Risks for the invoice value plus 10% for the buyer and premium rate is 1%. What is the price under FOB Shanghai?
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第10题

73Fixed Price contracts place more risk on the: A.owner B.buyer C.seller D.contractor E.C

73 Fixed Price contracts place more risk on the:

A. owner

B. buyer

C. seller

D. contractor

E. C or D

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