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In this episode, we explore the influential case of Eastern Air Lines, Inc. v. Gulf Oil Corp. (1975), which highlights the importance of good faith in requirements contracts under the Uniform Commercial Code (UCC). This case clarifies the expectations and obligations when one party agrees to supply all of the other party’s needs. For contract…
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Audio
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In this episode, we explore the landmark case of Carlill v. Carbolic Smoke Ball Co. (1893) and its pivotal role in shaping the rules of offer and acceptance in unilateral contracts. This case clarified how an offer can be accepted by performing the specified act, rather than by merely promising to perform. For contract managers,…
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Audio
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In this episode, we examine Baltic Shipping Co. v. Dillon (1993), a European case that focuses on the concept of restitution for non-performance in contract law. The case highlights the principle that when a contract is breached, the non-breaching party is entitled to be restored to their pre-contract position, including the reimbursement of payments made….
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Audio
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This episode of “iax World of Contracts” delves into the intricacies of managing consulting service agreements. Through a detailed case study featuring Insight Consultants and Tech Innovations, listeners will gain insights into the practical steps required to handle service breaches and seek remedies. Covering topics such as formal notifications, compensation for damages, and potential contract…
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Audio
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In this episode of “IAX World of Contracts,” we explore the famous case of Hadley v. Baxendale (1854), which established the rule of foreseeability in contract law. This case introduced the principle that a party can only recover damages that were foreseeable at the time the contract was made. The episode provides a deep dive…
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In this episode of The World of Contracts, we delve into the commodatum contract from Roman law, which governs the loan of an item for specific use. Through a case study involving the misuse of a borrowed horse, we examine the borrower’s duty to use the property as agreed and the consequences when those duties…
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Audio
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In this episode of “IAX World of Contracts,” we explore the landmark case of Hong Kong Fir Shipping Co Ltd v. Kawasaki Kisen Kaisha Ltd (1962). This case introduced the concept of innominate terms, allowing courts to evaluate the severity of a breach before determining whether termination is justified. The episode is a deep dive…
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Audio
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This episode of “iax World of Contracts” delves into the critical topic of stakeholder agreements. Through a comprehensive case study featuring EcoCity Developments and its revitalization project, listeners will learn about the key components of these agreements, including roles, communication commitments, and dispute resolution mechanisms. Covering practical strategies for managing stakeholder engagement and addressing challenges,…
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Audio
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In this episode of “IAX World of Contracts,” we explore the 2020 bankruptcy protection of Virgin Australia during the COVID-19 pandemic. Facing billions in debt, the airline entered voluntary administration and was eventually purchased by Bain Capital. This episode examines the legal and contractual challenges involved in renegotiating creditor agreements, restructuring debts, and managing layoffs,…
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Audio
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In this episode of “IAX World of Contracts,” we explore the collapse of Alitalia and the rise of ITA Airways, focusing on the critical role of contract management. The episode highlights how poorly structured government bailout agreements, rigid labor contracts, and mismanaged debt restructuring contributed to Alitalia’s downfall. We also discuss how ITA Airways was…
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Audio
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This episode of “iax World of Contracts” delves into the intricacies of awareness notifications in construction contracts. Through a detailed case study featuring Apex Construction and the City of Eldridge, listeners will gain insights into the practical steps required to trigger remedies when unforeseen issues disrupt contractual performance. Covering topics such as timely notifications, supporting…
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Audio
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In this episode of “IAX World of Contracts,” we uncover the dramatic trade dispute between two aviation giants, Bombardier and Boeing. This episode offers a deep dive into the 2017 legal battle over Bombardier’s CSeries jets, which Boeing accused of being sold at unfairly low prices in the U.S., thanks to government subsidies. Initially, this…
