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Entertainment Gaming Asia Inc. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Dec 9, 2006 10:13 AM Flag

    the dog that didn't bark

    I'll analyze kidecars's failure to secure the M&Ms:

    The risk of ownership had passed to the buyer,
    **** if they melt in kidecar's hand instead of his mouth,....too bad! ****

    The customer made a fixed commitment to purchase the goods, in writing,
    **** perhaps kidecar didn't submit enough paperwork ****

    The buyer requested that the transaction be on a bill and hold basis, and that the buyer had a substantial business purpose for ordering the goods on a bill and hold basis,

    **** bought to maintain energy while working ****

    There was a fixed schedule for delivery of the goods,

    The Company did not retain any specific performance obligations such that the earnings process is not complete,

    **** kidecar had to eat them without assistance ****

    The ordered goods were segregated from the Company's inventory and not be subject to being used to fill other orders (because they were manufactured to the customer�s unique specifications), and
    **** kidecar's M&Ms held in a safe, apart from other M&Ms ****

    The product was complete and ready for shipment to be completed.
    **** already bagged and ready to go ****

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