Assignment taskAnswer 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 Analyse and evaluate key statutes, rules, concepts and theories, identifyingprincipal rules by applying techniques of interpretation to them.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 outcomesLO 4 Evaluate doctrinal and conceptual difficulties and ambiguities with principles, rules and concepts and analyse alternative approaches and outcomesLO 5 Evaluate doctrinal and conceptual difficulties and ambiguities with principles, rules and concepts and analyse alternative approaches and outcomesTask requirementsYour assignment should;• be submitted in 12 point Arial or Times New Roman• state your word-count as calculated by MS-Word-Count Tool• Double spacingNot state your nameReferencing and research requirementsPlease 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 assessedYour 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 programme team:Law Level 6 Generic Marking Grid
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