Minimizing Risk of Loss for the Buyer

Overview:
In Unit 7, you are learning about sales contacts and ways in which businesses can limit
risk of loss. In this assignment, you will analyze a commercial transaction to determine
what contract terms should be included in order to minimize the risk of loss for the
buyer.
Instructions:
Imagine that you are a manager in a commercial printing company, and you have found
a good deal on the ink that your company uses most frequently from a supplier in
Japan.
• Using the materials from this week’s reading as well as the supplemental
resources, consider what shipping terms you should insist be in the contract in
order to limit the risk of loss for your company.
• Using the attached Memo template, draft an interoffice memo to the owner of the
company describing at least three shipping terms you would want to be included
in the contract.
Requirements:
• Include one resource, in addition to the textbook.
o Use APA format for non-legal sources such as the textbook. Use
Bluebook citation format for any legal citations.
• Submit a Word document.
• Maximum two pages in length, excluding the Reference page.
Be sure to read the criteria below by which your work will be evaluated before
you write and again after you write.
LAW204 – Business Law I
Minimizing Risk of Loss for the Buyer
Evaluation Rubric for Minimizing Risk of Loss for the Buyer Assignment
CRITERIA Deficient Needs
Improvement
Proficient Exemplary
0 – 44 Points 45 – 59 Points 60 – 74
Points
75 Points
Shipping
Terms
Does not
concisely and
clearly
analyzes the
scenario.
Somewhat
concisely and
clearly analyzes
the scenario.
Mostly
concisely,
succinctly,
and clearly
analyzes the
scenario.
Concisely,
succinctly, and
clearly
analyzes the
scenario.
0 – 5 points 6 – 7 points 8 – 9 points 10 points
Paper Length More than 2
pages
n/a n/a 2 pages or less
0 – 8 points 9 – 11 points 12 – 14
points
15 points
Clear and
Professional
Writing and
APA/Bluebook
Format
Errors impede
professional
presentation;
guidelines not
followed.
Significant errors
that do not
impede
professional
presentation.
Few errors
that do not
impede
professional
presentation.
Writing and
format are
clear,
professional,
APA/Bluebook
compliant, and
error free.

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