Monday

Real life

I'm sitting here in Comm law: Sales Transactions, and it seems like my team's transaction is the problem child of the group. Poor deal 3.
Basically, this is a simulated transaction in which a brewery is trying to acquire a bottling system. A bank gets involved.
A finance lease is what the parties thought sounded appropriate - the bank buys the bottling system from the manufacturer, the brewery leases the bottling system from the bank, and the brewery has a seperate installation agreement with the manufacturer. And there's one little term that is getting in the way of this deal just completing. Acceptance. People are having a hard time determining when acceptance is going to occur. -sigh- I'm sure that in the real world, it's even more frustrating.

No comments:

ShareThis