Question: Stellar Pte. Ltd has been getting supplies from Techno - Z Pte. Ltd. in Singapore for one of its machine parts. Techno - Z Pte.

Stellar Pte. Ltd has been getting supplies from Techno - Z Pte. Ltd. in Singapore for one of its machine parts. Techno - Z Pte. Ltd. imports its goods from a foreign source. However, of late Techno - Z Pte. Ltd. has been charging a lot, making use of a price variation clause, in the contract between Stellar Pte. Ltd and Techno - Z Pte. Ltd., which is for three years. After doing a lot of searches on the Internet, Stellar Pte. Ltd is able to source directly for some suppliers who are based overseas. However, Stellar Pte. Ltd is not

sure of the quality and hence orders a small amount online from each of the two suppliers it finally chooses. The first is Patterson Pte. Ltd. , who is based in Hong Kong. When the products arrive, they are found to be defective and are totally unusable. The other supplier is Destiny Pte. Ltd., who is based in America. When the products arrive, they are found to be satisfactory and can be used by Stellar Pte. Ltd. Thus Stellar Pte. Ltd decides to directly import from Destiny Pte. Ltd. in future and wants to terminate the contract with Techno - Z Pte. Ltd. immediately as Destiny Pte. Ltd.'s rates are much lower. However, in the meantime, Jack, an employee who has been given notice of termination orders a huge quantity of supplies from Techno - Z Pte. Ltd. the day before he leaves, just to cause Stellar Pte. Ltd a little bit of trouble.

Advise Stellar Pte. Ltd as to its rights and liabilities.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Please help me to find ProActive action in this Case study as a project manager. Singapore TradeNet: A Tale of One City As the sun rose over the island of Borneo, the container ship Kobayashi Maru,...

Question 1 Video Pioneer Pte Ltd (VP) runs a video hire shop in the suburbs. You are the accountant for this company. The two directors are Jason and Chiew. Over the last three years the company has...

Robert is concerned with the use of derivatives. He has heard from his long-term friend, Mr Marco Farrell, who graduated with a Master of Finance degree from RMIT University, on the dangers of...

I need help with the answers for the attached papers. ACC201e Examination - January Semester 2016 Financial Accounting Friday, 20 May 2016 10:00 am - 12:00 pm...

How to identify non-marginal investors. To see the ownership makeup of the company. Take Olam as an example, please identify its marginal investors and non-marginal investors, and analyze. (Need to...

Please see the attached file. There is an instruction file and SGP annual report for use as reference. Also I attached the Powerpoint which is mentioned from the instruction too. MS 6405 Advance...

Hey, would appreciate if you're able to help provide me with the solutions for comparisons. You may type it out in word document, or write it on a piece of paper. Got exams coming up. Thank you!...

Question : SFRS(I) 10 requires an investor to consolidate an investee based on whether it has control. Critically analyse the above case and provide your views on the accounting treatment for this...

1. The following information is related to the investment in Spring Pte Ltd and Autumn Pte Ltd. Spring Pte Ltd Winter Limited invested in the company on 1 June 2010 and purchased 960,000 ordinary...

Question : Explain the possible theoretical and practical issues/challenges in applying SFRS(I) 10 and SFRS(I) 3 Business Combination to the above investment. (15 marks) Please help me out on this,...

The journal entries for August, Carleys Car Cares second month of business, have been journalized in the general journal in your Working Papers or in CengageNow. The balances of the accounts as of...

Suppose that a regression line for a set of data has a y-intercept of 6.75 and a slope of 1.25. From this information, is it possible to determine the actual value of y when x= 2? Select an answer...

The formal underwriting agreement between the company and the underwriter is signed _ _ _ _ _ _ _ _ . Group of answer choices on the last day before the registration statement becomes effective when...

Dunstan Ltd manufactures tents and sleeping bags in three separate production departments. The principal manufacturing processes consist of cutting material in the pattern cutting room, and sewing...

An air heater consists of a steel tube (k = 20 W/m K), with inner and outer radii of r( = 13 mm and r2 = 16 mm, respectively, and eight integrally machined longitudinal fins, each of thickness t = 3...

Prince is a strong regional pasta brand in the Northeast. What would it take to convert this into a national brand? Should Borden have attempted this?

Is primary-demand advertising ever advisable for a mature product? If so, under what circumstances?

Do you think the problems in Bordens acquisition strategy stemmed from a fl aw in the basic concept or in the execution? Support your position.

Q7. Level Loading - Mixed Model Scheduling (5 points): The daily requirements for Models A, B, C are 30.5, and 15 units, respectively. If the setups are the smallest to change from model A to model...

15. Now rank from 1 to 5 the areas that you think are most important to emphasize when communicating with others (1 is least important and 5 is most important to you). If you think it all depends on...

12. The form of creative action strategy, where would you say you have a strength, as a dreamer, as a realist or as a critic?

16. Now put the areas you have ranked in order of priority and reflect on which values they correspond to in your value hierarchy.