• Title/Summary/Keyword: Substitute Transactions

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A Study on the Legal Assessment and Cases of Damages under CISG (국제물품매매계약에 관한 UN협약(CISG)상 손해배상액 산정기준의 해석과 적용)

  • Shim, Chong-Seok
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.55
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    • pp.3-32
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    • 2012
  • CISG article 74 establishes the general formula applicable in all cases where an aggrieved party is entitled to recover damages. It provides that damages for breach of contract comprise all losses, including loss of profits, caused by the breach, to the extent that these losses were foreseeable by the breaching party at the time the contract was concluded. An aggrieved party may claim under article 74 even if entitled to claim under article 75 or 76. The latter articles explicitly provide that an aggrieved party may recover additional damages under article 74. Articles 75 and 76 apply only in cases where the contract has been avoided. Article 75 measures damages concretely by reference to the price in a substitute transactions, while article 76 measures damages abstractly by reference to the current market price. Article 76 (1) provides that an aggrieved party may not calculate damages under article 76 if it has concluded a substitute transaction under article 75. If however, an aggrieved party concludes a substitute transaction for less than the contract quantity, both articles 75 and 76 may apply. Pursuant to article 77, damages recoverable under articles 74, 75 or 76 are reduced if it is established that the aggrieved party failed to mitigate losses. The reduction is the amount by which the loss should have been mitigated. Article 78 entitles a party to interest on the price and any other sum that is in arrears.

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The Effect of Auxiliary use LPG on the Performance of a D.I Diesel Engine (LPG를 보조적으로 사용한 직접분사식 디젤기관의 성능에 관한 연구)

  • Bang Joong Cheol
    • Transactions of the Korean Society of Automotive Engineers
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    • v.13 no.3
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    • pp.138-145
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    • 2005
  • Recently, the tightening of an available crude oil supplies has resulted in the development of intense consciousness for saving fuels. At the same time, some research programs have been launched to secure substitute energy sources for petroleum-derived fuels, and to reduce unhealthy products, such as CO, HC, NOx and smoke. To keep up with these trends in society, the regulation affecting diesel smoke may be greatly strengthened in a short time. In not too distant future, LPG and LNG are the most hopeful substitute fuels for automobile and truck uses. This paper discusses how to use such gaseous fuels in a diesel engine, and how much methods for introducing these fuels affect the engine performance.

Trust Analysis of Ground Resistance Measurements by the Substitute Auxiliary Electrode (대체 보조전극을 이용한 접지저항 측정 신뢰성 분석)

  • Lee, Sang-Ick;Yoo, Jae-Geun;Jeon, Jeong-Chay;Jeon, Hyun-Jae
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.56 no.2
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    • pp.109-114
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    • 2007
  • This paper summarize about the auxiliary electrode measured a ground resistance. The method to measure a ground resistance is the fall-of-potential method to using an auxiliary electrode. And an auxiliary electrode must be set up on the ground. Today it is so difficult to set up the auxiliary electrode on the ground because of many concrete building and many paved roads. So this paper is regarding a trust analysis of the ground resistance measurement by the substitute auxiliary electrode. It substituted a iron structure around the building, a neutral line multiplex ground to earth, a wire net for auxiliary electrode. This information is confirmed bv compared with the measurement value.

The Effect of Auxiliary use LPG on the Performance of a D.I. Diesel Engine (LPG를 보조적으로 사용한 직접분사식 디젤기관의 성능에 관한 연구(II))

  • Bang, Joong-Cheol
    • Transactions of the Korean Society of Automotive Engineers
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    • v.14 no.3
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    • pp.150-156
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    • 2006
  • Recently, the tightening of available crude oil supplies has resulted in the development of intense consciousness for saving fuels. At the same time, some research programs have been launched to secure substitute energy sources for petroleum-derived fuels, and to reduce unhealthy products, such as CO, HC, NOx and smoke. To keep up with these trends in society, the regulation affecting diesel smoke may be greatly strengthened in a short time. In not too distant future, LPG and LNG are the most hopeful substitute fuels for automobile and truck uses. This paper discusses how to use such gaseous fuels in a diesel engine, and how to find out introducing these fuels affect the engine performance.

A Study on the Remedies in Digital Information Transaction - Focusing on the urn A Part 8 - (디지털정보거래에 있어 계약위반에 대한 구제에 관한 연구 - UCITA 제8장을 중심으로 -)

  • Han, Byoung-Wan;Seo, Min-Kyo
    • International Commerce and Information Review
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    • v.12 no.3
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    • pp.79-98
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    • 2010
  • The National Conference of Commissioners on Uniform State Laws promulgated the Uniform Computer Information Transactions Act (UCITA) in 1999. In 2000 and 2002, this Act was also Amended. UCITA provides a comprehensive set of rules for licensing computer information, whether computer software or other clearly identified forms of computer information. Computerized databases and computerized music are other examples of computer information that would be subject to UCITA. It would also govern access contracts to sites containing computer information, whether on or off the Internet. UCITA would not govern contracts, even though they may be licensing contracts, for the traditional distribution of movies, books, periodicals, newspapers, or the like. Part 8 of UCITA provides a remedy structure somewhat modeled on that of Article 2 but adapted in significant respects to the different context of a computer information transaction. For example, 808 of UCITA recognizes the focus in a license context for a licensor's remedy should properly be on recovery for benefit conferred or for lost profit, rather than on damage measurement by a substitute transaction, where the license is non-exclusive so additional transactions are permitted and there is very little cost in reproduction of the information and its redistribution. Section 816 of UCITA also contains very important limitations on the generally recognized common law right of self-help as applicable in the electronic context.

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Establishing Security Level Standards and Case Studies for Safe Electronic Financial Transactions (안전한 전자금융거래를 위한 보안등급 기준마련 및 사례연구)

  • Jang, Kil-Young;Kim, In-Seok
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.28 no.3
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    • pp.729-741
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    • 2018
  • On June 24, 2015, the Financial Services Commission (Financial Services Commission) completely abolished the security review process, and said that it would substitute self-security review obligations with self-security reviews. Security officials at financial institutions conduct security reviews based on CIA security grade when they conduct security reviews for secure electronic financial transactions. However, the recent security review for Internet and mobile electronic financial transactions has carried out a security review, either by checking separate processes or by referring to new technologies and data related to security. This paper proposes the CIAAP security gradesl with the addition of certification and privacy protection indicators to the CIA based security grades, especially through the security review of electronic financial transactions.

A Study on the Real Time Analysis of Plastic Deformation Process using WWW(World Wide Web) (웹을 이용한 실시간 소성가공의 해석에 관한 연구)

  • 이상돈;최호준;방세윤;임중연;이호용
    • Transactions of Materials Processing
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    • v.12 no.2
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    • pp.110-115
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    • 2003
  • This paper is concerned with the compression test and forming process of flange by using virtual reality and analysis(simulation) program. This virtual manufacturing can be carried out one personal computer without any expensive devices for experiment. The virtual manufacturing composed of three modules such as the imput, calculation and the output modules on internet. Internet user can give the material's property and process parameters to the sever computer at the input module. On the calculation module, a simulator computes the virtual manufacturing process by analysis program and stores the data as a file. The output module is the program in which internet user can confirm virtual manufacturing results by showing tables, graphs, and 3D animation. This programs is designed by an internet language such as HTML, CGI, VRML and JAVA ,while analysis programs use the finite increasing, the virtual manufacturing technique will substitute many real experiments in the future.

The Characteristics of Hydraulic Valve for a Passive Reactor (피동형 원자로의 Hydraulic Valve 특성 실험)

  • Kim, Sang-Nyung;Kim, Yoong-Seock
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.22 no.8
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    • pp.1083-1090
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    • 1998
  • A kind of three-way check valve, so called hydraulic calve was proposed for the substitute of the density lock of passive reactor such as SPWR (System-Integrated Pressurized Water Reactor). The function of the valve are the separation of the borated water from main coolant loop for normal operation and the insurge of the water into the loop for shutdown and the removal of the decay power when the main coolant flow rate is not enough. To verify the operability and the characteristics of the valve, experimental works were executed with 1/3 scale model calve. Also a diffuser model was proposed for the theoretical analysis of the valve.

Exploratory Autopsy on Digital Payment Models

  • Wang, Tao;Kim, Chang-Su;Kim, Ki-Su
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.646-651
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    • 2007
  • Secure digital payment is critical in the successful shaping of global digital business. Digital payments are increasingly being used as a substitute to traditional payments, contributing markedly to the efficiency of the economy. The focus of every digital business transaction is to minimize risks arising from transactions. It is essential to ensure the security of digital payment whether used in internal networks or over wireless Internet. This paper analyses secure digital payment methods from the viewpoint of systemic security and transaction security. According to comparative analysis of digital payment models, this paper proposes a comparative analysis framework to investigate and evaluate secure digital payment. In conclusion, the comparative analysis framework, comparison of digital payment models and mobile payment models proposes a useful academic and practical foundation to enhance the understanding of secure digital payment methods. It also provides academic background and practical guidelines for the development of secure digital payment systems.

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Study on the Development of High-efficiency, Long-life LED Fog Lamps for the Used Car Market

  • Park, Sang Jun;Lee, Young Lim
    • Transactions on Electrical and Electronic Materials
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    • v.15 no.4
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    • pp.201-206
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    • 2014
  • LED lighting,considered to be a new growth industry, has attracted a great deal of attention due to its higher illumination and longer life time than existing light sources. In this study, high-efficiency and long-life LED fog lamps for automobiles were developed, which can substitute the existing 27 W halogen fog lamps for a used car market. For this purpose, the number of LED modules, the body, heat sink, and the output of the fog lamp were first optimized through a numerical analysis. Then, a 10 W-class LED fog lamp was prototyped based on the optimized numerical model, and the performance of the fog lamp was successfully verified through the experiments.