Entrepreneurship in Action: Who Bears the Loss for a Shipment of Missing Watches

1st assignment 75-100 words

Visit the website of the National Institute of Standards and Technology, (http://www.nist.gov/baldrige/) the organization that grants the Malcolm Baldrige National Quality Award, the highest quality award in the United States. Research one of the companies that received the Baldrige Award and prepare a summary of its quality initiative and the results that it produced.

2nd Directions: Read “Entrepreneurship in Action: Who Bears the Loss for a Shipment of Missing Watches,” in Chapter 19 on page 663. Answer the following questions:

  • What mistakes did Karinol Corporation and Pedro Pestana make when they created the contract for the sale of the watches?
  • In the absence of an agreement on risk of loss and specific shipping terms in the parties’ contract, what kind of contract will the court rule this is?
  • Who will prevail in this case?
  • What could the losing party have done to protect against the loss or theft of the watches?

Write a 1-2 page paper detailing the above questions, and be sure to cite your references.

You can find Who Bears the Loss for a Shipment of Missing Watches,” onhttp://www.leagle.com/decision/19791463367So2d1096_11292.xml/PESTANA%20v.%20KARINOL%20CORP. Which provided the same information detail from the textbook.

This has to be completed by Saturday

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