If one of the parties fails to perform one of his obligations and the obligation is a warranty, then the remedy of cancellation is not available as a remedy to the other party.Įthiopian law is apparently similar to English law of contracts, at least in terms of the above distinction. Moreover, in English law, it is only breach (non performance) of an obligation, which can be characterized as condition that results in the cancellation of the contract. On the other hand, warranties are not essential terms and do not determine the nature of the contract. Conditions are essential terms of the contract and hence determine the nature of the contract. For example, in the English law of contracts, obligations are divided into two: conditions and warranties. Other obligations of the parties are consequential in the sense that they are implied into the contract (by law), unless clearly excluded by the agreement of the parties.Ĭontractual obligations are different from one another both in their nature and effect. The essential characteristic of sale lies in the obligation of the seller to deliver and transfer ownership and in the obligation of the buyer to pay a price.
#PRINCIPAL DEFINITION SALES CODE#
Sale has been defined under Article 2266 of the civil code as ‘ a contract whereby one of the parties, the seller, undertakes to deliver a thing and transfer its ownership to another party, the buyer, in consideration of a price expressed in money which the buyer undertakes to pay him’.
There are different ways by which rights are assigned in addition to contract of sale. Sale is one way by which rights are assigned under the Civil Code of Ethiopia. Definition of contract of sales in Ethiopia For example, saying offers are available for a "limited time only" encourages sales. To use scarcity to your advantage, run a promotion for your product that is limited by a time, or the number available.2.1.2. Perceived scarcity of a product makes consumers want it more. So be nice in arguments (and in life, it’s short)! 6. People are more likely to be persuaded by you if they like you. Physically attractive people are more persuasive, being seen as more as kind or intelligent (called the halo effect). People were more likely to buy Tupperware if they liked the person selling it to them. People are easily persuaded by other people that they like (Cialdini calls this liking, but it is basically just the affect heuristic talked about previously). Cialdini cites the Milgram experiments (asking people to deliver lethal electric shocks) and the many atrocities committed by soldiers “just following orders”. References in writing to people often include their titles and affiliation, so we’re more likely believe what they say. People will tend to obey authority figures, even if they are asked to perform objectionable acts. See also the terrifying Asch conformity experiments. At one point this experiment aborted, as so many people were looking up that they stopped traffic. For example, in one experiment, one or more paid actors would look up into the sky bystanders would then copy them, and look up to find out what was so interesting. This is why in advertisements, certain social networks show you who of your friends like a page, or are going to an event. People will do things that they see other people are doing. Use this to your advantage by posting on Facebook about your next resolution, like to exercise 5 times a week (or learn 1 new concept a week.). Or in the image to the right, “No thanks, I prefer not making money” (not many people want to commit themselves to saying they prefer not making money!) Another example is American children being made to repeat the Pledge of Allegiance each morning. This is why marketers make you close popups by saying “I’ll sign up later”. If people commit, to an idea or goal, they are more likely to honor that commitment, even if it no longer makes sense to.
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