A Contractual Benefit

Assignment task
Answer the following problem-based question:
Jarvis Ltd, owned by directors Robert and Peter Jarvis, a newly formed company, manufacture small farming equipment as well as supplying component parts for repairs. They sell their products to specialist retailers and trade suppliers. Jarvis Ltd trade on their own standard terms and conditions, which includes a requirement for payment within 21 days of delivery. At present their contract terms do not contain a Retention of Title Clause (‘RoT‘).
Robert and Peter seek your advice on the contractual benefits of including an RoT in their standard written terms of sale, to protect them in the following situations:
a) Where an item of equipment is sold as a complete unit;
b) Where a component part is purchased by way of a replacement part in an existing machine.

This assignment has been designed to provide you with an opportunity to demonstrate your achievement of the following module learning outcomes:
LO 1 Analyze and evaluate key statutes, rules, concepts and theories, identifying
principal rules by applying techniques of interpretation to them.

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LO 2 Explain the key principles and rules that relate to commercial law.

LO 3 Apply those rules to complex factual situations and produce a reasoned judgment of possible outcomes
LO 4 Evaluate doctrinal and conceptual difficulties and ambiguities with principles, rules and concepts and analyze alternative approaches and outcomes

LO 5 Evaluate doctrinal and conceptual difficulties and ambiguities with principles, rules and concepts and analyze alternative approaches and outcomes

Task requirements
Your assignment should;
• be submitted in 12 point Arial or Times New Roman
• state your word-count as calculated by MS-Word-Count Tool
• Double spacing

Not state your name

Referencing and research requirements
Please reference your work according to the Oscola style as defined in Cite Them Right Online (http://www.citethemrightonline.com). This information is also available in book form: Pears, R. and Shields, G. (2019) Cite them right: the essential reference guide. 11th edn. Basingstoke: Palgrave Macmillan. Copies are available via the University library.

How your work will be assessed
Your work will be assessed on the extent to which it demonstrates your achievement of the stated learning outcomes for this assignment (see above) and against other key criteria as defined by your program team:

Law Level 6 Generic Marking Grid. For more information on A Contractual Benefit see this: https://www.encyclopedia.com/social-sciences-and-law/law/law/contracts

A Contractual Benefit

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