Legal implications and risks of the errors on the website Essay

Legal implications and risks of the errors on the website - Essay Example This essay discusses that before you consider this type of loan, you may want to look into whether you really need a second mortgage. If you decide to go for it, make sure that your house is appraised to know its market value. This is because the amount that will be offered in your loan will be dependent on the equity of the house. You should also search for the rates that are the best and that are available by seeking free quotes from several lenders. You will compare and have the capability to choose the best of the rates. Secondly, your monthly payments need to be worked out for both the first and the second loans. Finally, you need to check the terms of the loan, the penalties, and the costs. It is necessary that you understand what deal you are signing and whether you are required to pay for more processing fees or even closing costs. In some companies, there are pre-payment penalties which apply for a second mortgage. When you understand the terms of the loan, you should commit towards proceeding with it.In conclusion, Cosy Couches is obligated to take irreparable measures to alleviate any future anomalies in its website to ensure that no legal implications arise with its customers. Regarding the anomaly that arose, it should be tackled well as discussed above and ensure that the case is settled. On the case of acquiring the loan, the company is in the best line of expansion but it calls for Mr. Martin, the Managing Director, to come up with decisive measures to ensure that the personal guarantee is workable and effective. ... Nevertheless, the company has to offer to make it worthwhile and negotiate with the customer; since the said party has the right to sue for misinforming them.4 It is only right legally, to allow the customers purchase at the price that they placed their orders, despite the fact that this will lead to a loss. Making them change the order may lead to a number of lawsuits that will not only tarnish the name of the company, but that will also be costly.5 However, the customer may take advantage of these circumstances to try and reap from the company by mode of blackmailing, buying more at the same price or even tainting the image of the company. It is in the capacity of the director of the company to bar any more order regarding the old advertisement and still decline sale of the â€Å"sweet dreams† sofa-bed under the claim that the customer manipulated the website for their own gain. The manipulation could have been in the form of hacking into the website or by the use of an insi de man.6 This should only be applied if the customer has tried to divert from the purchasing of the â€Å"sweet dreams† sofa-beds at the price that they made the purchase at. In any case the customer agrees to purchase at the price that is normal, â€Å"?799†, it is important that a gesture of appreciation is shown to them and to also convince them to sign a letter of confidentiality concerning the said matter regardless of which price the said customer bought the â€Å"sweet dreams† sofa-beds at. In the case of intending to expand your business it is important to note that legally, that is only possible if Mr. Martin has a clean record of at least three years and that includes court cases.7 As long as no one sues you in regards to the errors on the website, the