You are the Vice President of Sales for Detroit Mini Safe

You are the Vice President of Sales for Detroit Mini Safe

Subject: Business / Accounting
Question
International Business Law & Practices | B7616 G01

Assignment 2: Scenario Analysis and Discussion

Read the case scenario provided below. Based on the information provided in the case scenario and the readings for this module, prepare a contract that will protect your company.

Scenario

You are the Vice President of Sales for Detroit Mini Safe, a U.S. manufacturer of small fireproof safes with headquarters in Detroit, Michigan. The raw materials used in making the safes are sourced from Japan, Canada, and Saudi Arabia. You have been approached by a group of Chinese buyers who are interested in purchasing a large quantity of your model 1505 mini safes. The Chinese buyers submitted an order consisting of the following pertinent information:

Name of Company: Chinese Safe Distributors
Address: 35 Taishan Rd, E.D.Z., Jiashan, Zhejiang, China
Description of Goods: 5000 Model 1505 mini safes with keypad combination
Price: $250.00 each
Payment Terms: Open account, payable in U.S. dollars
Shipping: Seller to ship the goods by ocean container to Shanghai within 90 days after acceptance of order
The selling price includes the cost of the good, marine insurance, and cost of freight (CIF). Draft a standard contract containing terms and clauses applicable between the parties. Consider requirements found in Chapters 7 and 8 of your textbook as well as any supplemental resources.

Write the contract draft in a 2â3 page Microsoft Word document and name the file M4_A2_LastName_ContractDraft.doc. Submit the contract draft to theDiscussion Area byFriday, March 31, 2017.

BySunday, April 2, 2017, review the contract drafts submitted by at least two classmates. Provide a balanced feedback, addressing the inclusion or absence of relevant clauses. Analyze any questionable legal issues that may arise as a result of this contract. Evaluate how cultural differences may affect your negotiations.

All written assignments and responses should follow APA rules for attributing sources.

Assignment 2 Grading Criteria

Maximum Points

Drafted a standard contract containing terms and clauses applicable between the parties.

20

Reviewed the contract drafts submitted by at least two of your classmates and provided a balanced feedback, addressing the inclusion or absence of relevant clauses.

8

Analyzed any questionable legal issues that may arise as a result of this contract.

8

Evaluated how cultural differences may affect your negotiations.

8

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources, displayed accurate spelling, grammar, and punctuation.

4

Total:

48