Business Model Innovation Delivering Products †Free samples

Question: How To Business Model Innovation Delivering Products? Answer: Introducation: There is misconception about the meaning of the word strategy as individuals tend to confuse them with goals and objectives. However, strategies are means to achieving these goals and objectives. In the current world of business where globalization influences the daily operations of organizations, a good strategy is directive, informative, and analytical. A good strategy is like a work plan that is meant to guide an organization towards attaining victory by maintaining a competitive position in the highly globalized market (Kryscynski 2015). A certain organization cannot adapt a strategy used by another organization because development of a strategy is guided by the business ideas, which are different for different companies mainly because different companies have different market niches. Also, a company can only develop a strategy that is in alignment with the resources at its disposal to ensure sustainability of the strategy. Strategies should continuously undergo evolution as indi cated by the case of McDonalds below to meet the changing preferences and demands of customers (Trefis Team 2016). One company that needs could benefit from a good strategy is the McDonalds considering the current emphasis on healthy nutritious foods. As individuals are becoming more cautious of their health, there is need for the McDonalds, which is a reputable international company to know how to maintain its position in reference to the varied nutritional needs of customers. Questions have especially risen about the nutritional fact labels, and even though McDonalds is utilize available resources to maintain its position in customer service, it needs to diversify its competition as demand for fast unhealthy foods might dwindle over time (Gingiss 2014). Therefore, the company should venture into new fields to enhance competition and maintain a unique position in the restaurant industry but including healthy options of food to its menu of fast foods. In addition, it can extend this new product by making home deliveries in view of the fact that the life nowadays is characterized by a beehive of a ctivities, and people are busy striving to make their lives convenient. Business Model Innovation A company should always seek to improve its way of delivering products and services; otherwise, it is bound to fail like has been the case with popular and renowned companies, such as Nokia or Commodore Computers (Gassmann 2013). A company that is progressively seeking to enhance the quality of its products increases customer values and develops a strong brand image for itself. Model innovation is dynamic and it includes various strategies revolving around who, how, value, and what. A company is only able to remain competitive if it can revolutionize its business by learning from what others are doing. A business should always be on the lookout for opportunities through which it can initiate a new business model and undergo the various subsequent processes of ideation, integration, and implementation. As customers strive to get the latest product in the market, a company that does not devise new business model innovation plans time and again loses its value and even though it might h ave good strategies, a poor business model does not give it a competitive edge over its rival companies. Usually, a new business model does not require additional capital; rather, using the very same resources, a company can widen its customer base (Girotra and Netessine 2014). One company that could benefit from business model innovation is Samsung. Despite the fact that it has done well in the past years due to its diverse products; other than phones, Samsung develops tablets, computers and related accessories, and this makes enhances its business model. However, an improved model innovation could enhance their phones, which have a limitation due to the rapidly draining battery to the extent that iPhone tends to override Samsungs phone products (Gurman and Boksenbaum-Granier, 2016). If Samsung can work to resolve the high power drain issue that is characteristics of their phones, they would improve their current position, and their phones would gain more value. In the face of ongoing competition, Nokia failed to revolutionize its business model; hence, as other phone companies created more customer value for their products, Nokia did nothing to stay aloof of the ongoing competition. In the wake of the current level of technology, Nokia can develop a produ ct with the various technologies from the different companies that give each its competitive advantage and integrate a new feature, for example 5G network; thereby, surpassing other products. Trade Opportunities Professor Pankaj Ghemawat uses the CAGE framework to indicate the relations between countries that tend to govern trade. The CAGE framework denotes the cultural, administrative/political, geographic, and economic factors can either deter or reinforce trade relations (Pankaj Ghemawat 2015). This framework can be used to explain the various global trade bodies that are developed with the aim of promoting trade between the countries involved in the formation of these bodies. Often, countries sharing a common language, engaged in agreed upon trade regulations and arrangements, sharing a common border, and having almost the same GDP per capita are more likely to engage in trade relations that other countries that do not share cultural, political, economic, or geographic relationship. One main example is between Africa and Russia. NAFTA comprised of trade agreements between Canada, Mexico, and the United States is enabled by the fact that Canada and Mexico both share a land border with the United States. All the three countries are regarded as profitable countries; hence, they have similar economic benefits that they can use to propel their trade relations without either one country feeling as if it is at a disadvantage (Ghemawat 2007). The concept of operation on the same level is very important because it prevents conflict and exploitation of one country by the other. NAFTA entails countries around America whose cultural orientation is relatively the same, that is, it is characterized by diversity and use of English as a common language to facilitate interaction. Even though the World Trade organization tends to bring different countries across different cultures together, countries have a common understanding in reference to the CAGE framework are more likely to explore and indulge in trade opportunities wi th one another (Schonfeld 2016) References Trefis Team. (2016) How McDonalds is effectively executing its turnaround strategy? Forbes [online]. available from https://www.forbes.com/sites/greatspeculations/2016/05/03/how- mcdonalds-is-effectively-executing-its-turnaround-strategy/#3c3d55cb4c69. Gassmann, O. (2013) Business Model Innovation. [online] available from https://www.youtube.com/watch?v=B4ZSGQW0UMI [30 April 2017]. Ghemawat, P. (2007) Redefining Global Strategy: Crossing Borders in a World where Differences still Matter. Boston, MA: Harvard Business School Publishing. Girotra, K., and Netessine, S. (2014) Four Paths to Business Model Innovation. Harvard Business Review [online]. available from https://hbr.org/2014/07/four-paths-to-business- model-innovation. Gurman, M., and Boksenbaum-Granier, A. (2016). Exploding Samsung Phones show Perils of Building Better Battery. Bloomberg Technology [online]. available from https://www.bloomberg.com/news/articles/2016-09-14/users-pushed-for-battery-life-got- exploding-smartphones-instead. Kryscynski, D. (2015) What is strategy? [online] available from https://www.youtube.com/watch?v=TD7WSLeQtVw [29 April 2017]. Pankaj Ghemawat: CAGE Framework for International Trade-Global Matters (2015) [online] available from https://www.youtube.com/watch?v=7FpUJaG7uMk [29 April 2017]. Schonfeld, B. (2016) Why the U.S. needs the World Trade Organization. The Washington Post [online]. available from https://www.washingtonpost.com/news/monkey- cage/wp/2016/09/20/would-the-u-s-be-better-off-without-the-wto-not-when-the-wto- guides-98-percent-of-global-trade/.

Ratio Analysis AGL and Genesis Energy Ltd

Question: Discuss about the Ratio Analysis for AGL and Genesis Energy Ltd. Answer: Introduction AGL is one of the leading integrated energy companies in Australia. It is one of the companies which do not simply concentrate on profit making. It has been seen over the years that the company has addressed its responsibility towards the society and the environment. AGL has been in the business since 175 years which makes it one of the most experienced and diversified integrated energy companies in Australia. AGL has got its business spread over eastern part of Australia. (AGL, 2015) Genesis Energy Limited is one of the leading companies in New Zealand. The company has vast customer experience. The interest of the company mainly lies in the Kupe Oil and gas fields. They also generate trade electricity, natural gas through their Energy management company. Now the company is one of the leading electricity and gas retailers providing there two retails product which are Genesis Energy and Energy online to more than 650000 customers. (Genesis Energy Limited, 2015) An initial analysis of trends in the items contained in the profit and loss statements, balance sheets and statements of cash flows and relevant ratios AGL Ltd. On analysing the trends in the items contained in Profit and Loss statement of AGL Ltd. many conclusions can be drawn. Starting with the revenue, it can be seen that the revenue has risen for the current year 2.23% which is good. As the revenue even the expenses has risen by 6.5%. By looking at the depreciation and amortisation cost it can be seen that the cost has risen which is because of companys investment in the fixed assets. However even the finance cost of the company has gone up by $7 million as compared to the last year whereas the finance income has fallen by $4 million. As a result, the companys profit before tax has fallen by $423 million i.e. nearly 56% and the profit after tax has fallen by $352 million i.e. appx. 62% which is not so pleasant result for the company. Even though the revenue rose by 2.23% by the expenses off set the benefit and brought the net profit down. (Accounting for management, n.d.) Further moving to Balance Sheet, Looking at the liquid position of the company it can be concluded that the company is at a fair position. The balance shown as cash and cash equivalent has fallen down by around 43%. At the same time current liabilities have risen because of sharp rise in the borrowings made the company which explains the rise in the finance cost of the company. Fixed assets analysis shows that company has made investment in Oil and gas assets and Property plant and equipment. The company is showing positive cash flow from operating activities, investing activities shows negative cash flow. The cash outflow has risen by almost 182 % because of huge investments made by the company in fixed assets in the current year. Overall the company cash flow statement is not as good as last year since it has fallen by almost 44%. Genesis Energy Ltd. Starting with Profit and Loss statement it can be seen that the companys operating revenue has risen by around 5%. Though the companys operating expense ratio has fallen by 1%. There is fall in the companys depreciation, depletion charges. However there is some favourable change in the fair value in the investment which is why the companys net profit has increased by 113%. Rise in net profit boosts the companys earnings per share which is why the companys earnings per share rose by 113%. In Balance sheet of the company current assets classification includes cash and cash equivalent which has decreased along with debtors and inventory which is why total current assets have fallen down. Fall in fixed assets explains that the company must have sold its property, plant equipment and its oil and gas assets. Consequently total assets of the company have fallen down by $101 million. Analysis of current liabilities shows that the company has made short term borrowing and paid off a part of their long term borrowing which is significant change since last year. Overall even the total liabilities have fallen by $46 million. In cash flow statement, cash flow from operating and investing activities shows positive change. Though finance activities have risen by 24% which have impacted the cash flow statement as a whole. Overall the cash and cash equivalents have lowered by 10% as compared to last year. (Accounting for management, n.d.) Ratio Analysis and Comparisons AGL Ltd. The managements performance can be measured using variety of profitability ratio. If the companys financial position is compared with its past year performance, it can be said that current year company has not fared really well. Net Profit ratio measures the overall performance of the company which has fallen in 2015 as it stands 2% as compared to 5% in 2014. (AGL, 2014) The competency of the company in deploying its assets is evident by Return on assets ratio. Presently the company ratio is 1% which has fallen by 3% as compared to last years ratio which was 4%. The current ratio helps in judging the companys liquidity. Current has changed adversely, being 7% down. Quick ratio is more conservative approach to current ratio. The quick ratio has fallen by 6%. There is a favourable change in debt to equity ratio since the ratio stands at 33% in 2015 which was 46% in 2014. Equity ratio, if higher, is always favourable. The equity ratio has risen since 2014 by 2%. Though EPS has fallen dr astically but company compensated by increasing the dividend by 1 cent per share. (AGL, 2015) Genesis Energy Ltd. Both the profitable ratios shows positive change return on assets rose to 3% as compare to 1% in 2014 whereas Net profit margin rose by approximately 3%. Though the Liquidity of the company has lowered since both current ratio and quick ratio has fallen by 23% and 19% respectively. Capital Structure has almost remained unchanged. While market structure has improved since EPS as well as dividend per share has improved as compared to past year.( Genesis Energy, 2015) Comparison of Ratios of the two Companies Profitability ratio of Genesis Energy definitely stands at better position as compared to AGL since current year the companys profit had risen due to favourable change in the fair value of its financial assets. AGL Ltd is more financially strong, since its liquid ratios are much better than its competitors. The capital structure of AGL ltd is better than its competitor since its debt to equity ratio is lower than Genesis which makes it less risky company. Also strong equity ratio is always preferred by the investors which gives AGL another brownie point. Though AGLs EPS is lower than that of Genesis yet the dividend per share offered is more than that of Genesis. EPS is merely depends on the net profit of the company it can be improved by improving the operations of the company. (My Accounting Course, n.d) Conclusion AGL limited is a well-diversified company as compared to Genesis Ltd. The company also stands financially strong when compared to its competitor. The capital structure of the AGL also indicates that it is less risky than its competitor. Though the company is experiencing lower phase as its net profit have fallen but in future it can be increased keeping in mind the future prospects of the company. Also the company has been generous in declaring the dividend in past years. Recommendation Thus it is preferable to invest in AGL Limited keeping in mind the future strategic plan and past performance and highlights of the company. References: Genesis Energy, 2015, Annual Report, [Online], Available at https://www.genesisenergy.co.nz/documents/10180/2699552/Genesis+Energy+Annual+Report+FY2015.pdf/fa13f57b-fd37-4262-9bb2-5c591a55aab3, [Accessed on 27/08/2016] Genesis Energy, 2014, Annual Report, [Online], Available at https://www.genesisenergy.co.nz/documents/10180/14637/Genesis+Energy+Annual+Report+2014.pdf/edc9c47f-237e-4a10-a6c0-c3cedbb2aea9, [Accessed on 27/08/2016] My Accounting Course, n.d., Equity Ratio, [Online] Available at https://www.myaccountingcourse.com/financial-ratios/equity-ratio, [Accessed on 27/08/2016] Accounting for management, n.d., Horizontal analysis (Trend Analysis) of financial statement, [Online], Available at https://www.accountingformanagement.org/horizontal-analysis-of-financial-statements/, [Accessed on 27/08/2016] AGL, 2015, Annual Report, [Online], Available at https://www.agl.com.au/about-agl/media-centre/article-list/2015/august/agl-annual-report-2015, [Accessed on 27/08/2016] AGL, 2014, Annual Report, Available at https://www.agl.com.au/-/media/AGL/About-AGL/Documents/Media-Center/ASX-and-Media-Releases/2014/140917_annualReport1364569.pdf?la=en, [Accessed on 27/08/2016] D K Singhal, 2015, Financial Management, Available at Offline, [Accessed on 27/08/2016] Business Finance online, n.d., Ratio Analysis, [Online], Available at https://www.zenwealth.com/businessfinanceonline/RA/RatioAnalysis.html, [Accessed on 27/08/2016]

Sample Essay About My Christianity

Sample Essay About My ChristianityThe great way to prove that you have not only tested your knowledge, but your genuine thoughts is by writing a sample essay about my Christianity. Let's take a look at some of the main reasons why this test can help you shine as a scholar and a Christian in today's age.You can prepare a sample essay about my Christianity with ease because you are doing it for yourself. This means that you do not have to turn to others to write a piece for you. You are actually doing this for yourself and this can really be a good way to learn a lot about what you need to know about your Christian faith.This sample essay that you have prepared will not only help you a lot, but it will also serve to inform your reader about what your intent is. It is important to note that your objective is to produce an accurate account of your faith and that you are looking to turn your reader into a believer of your faith. So if you are not looking to convert anyone, then you will w ant to make sure that the essay you have written is very direct and to the point. Be sure to get it right the first time.There are many different samples that you can choose from so you should certainly be able to find a sample essay about my Christianity that is very in-depth and includes information on the history of the faith. It would also help to include the summary of your aim and that you are not interested in proselytizing.The key with any sample essay about my Christianity is that it must be well written. There are a lot of sample essays that you can find online so you should definitely be able to find one that suits your needs. What makes your selection very important is that it must be written to perfection. If you are having trouble with it, do not hesitate to contact someone who has written sample essays about your Christianity.Writing a sample essay about my Christianity is just one way of proving to the world that you are a scholar, a Christian, and a member of the Ch ristian faith. Another way that you can prove that you belong to all of these groups is by testing out a practice in your community that has been adopted by Christians for centuries. You will be surprised how many people will not only accept your choice of your Christian faith, but also how they will look up to you.Writing a sample essay about my Christianity is a great way to prove to others that you are interested in Christian beliefs. If you want to win people over with your Christian belief, then this is an excellent way to do it. This is also an opportunity for you to get out there and share your faith.

Global Communications And Technology Essays - Media Technology

Global Communications And Technology The concept of a "global village" or a united community around the world has only in these last few years become a concept widely thought of. However, it seems that the idea of a large-scale sharing of information has long been developing, whether intended or not. The tools of communication have long served a single purpose, that of transmitting information from people to people. Direct communication was long ago realized with sign language and speech, but when people spread out, a kind indirect communication was needed. Thus we created (or rather, hired) the messenger. (Necessity is the mother of invention.) This evolved later into a postal service, connected around the world by a network of synchronised offices of a similar nature. For a long time, indirect communication was the only way to communicate over long distances. Once the telegraph came along, however, people were able to instantly communicate information over long distances. This evolved somewhat into the telephone, which spawned the radio and television. As these were developed, the efficiency and clarity of these transmissions improved, and this allowed the world to know what was happening anywhere else in the world at any given time. At this same time, programmable computers were finally coming to be used. Information was input to these machines and stored on tapes that could be put onto different computers to be run. This paralleled postal mail in a form of indirect communication. However, computers were also already based in intercommunication, because computers are systems of smaller functioning devices connected to perform a function or process. The evolution of computers' communicating then evolved by extending direct connections between these large systems, sharing information. With the invention of the modem, computers could communicate piggybacking a system that people already used. As the modem developed, communications speeds increased. The state of convergence began when people were communicating increased types of information through these computers. First program data, statistics, stock market quotes, news, specific interest information, and finally personal information. Computers became a method of communication within themselves. The increased usage of modems for things like e-mail and on-line forums came about even before the Internet. Bulletin Board Systems (BBSs) had a short-lived but popular life in the years leading up to the many commercial Internet providers we see today. As communication increased in popularity in this on-line form, companies became conscious of these opportunities and began to advertise on-line. This mark a point of acceleration, because once Corporate America finds an opportunity to turn a profit, then almost anything can become a growth industry. BBSs became more elaborate with colourful interfaces, developed their own client software for ease of use, and formed networks of several bulletin boards permanently connected to provide an increased realm of communication. This concept of large interconnected networks brought recognition to the long established government networks such as ARPA-Net, and those used with universities and libraries to exchange information. When these were combined, they formed massive networks circling the globe, which provided for long distance communication between computers instantaneously. Commercial ?providers' spawned, giving access to this network to individuals from the comfort of their homes. As the technology evolved, such as in the development of HTTP and HTML, the Internet became easy to use and appealed to people other than those highly experienced with computers. To simplify the experience even further, companies tried to cut out the computer in the equation, shaping technologies like E-mail capable cell phones and WebTV. Conversely, as people were able to use TVs for the internet, TV cable companies began to use their massive house-to-house networks.

Martin Luther King and Malcolm X essays

Martin Luther King and Malcolm X essays Martin Luther King and Malcolm X - Two Views, One Cause Many black authors and leaders of the sixties shared similar feelings towards the white run American society in which they lived. Malcolm X, James Baldwin, Martin Luther King, and Stokely Carmichael all blamed the whites for the racism which existed. However, they agreed that it was up to the black society to end this problem. Using the black society, each of the authors had their own idea of how racism could be stopped. Unfortunately, for some, such as Malcolm X, this involved the use of violence, while others, such as King, favored the non-violent approach. This paper will focus, for the most part, on Malcolm X and King because they are both strong representations of two different approaches to a common goal. Perhaps their different approaches of violence and nonviolence stem from their original opinions of how capable the whites are Not all of the whites involved in the problem of racism supported it. Some were actually trying to help fight for the blacks. Unfortunately, it took Malcolm X a long time to figure that out. Malcolm's paper, "The Ballot or the Bullet," makes that clear. In his paper, he is constantly criticizing whites as a whole. He does not consider, even for a moment, that a white could actually support equality for all men. "Usually, it's the white man who grins at you the most, and pats you on the back, and is supposed to be your friend. He may be friendly, but he's not your friend" However, in a later work of his, "1965," one can see that Malcolm was learning to accept whites as possible allies. I tried in every speech I made to clarify my new position regarding white people - 'I don't speak against the sincere, well meaning, good white people. I have learned that there are some. I have learned that not all white people are racists' (367). ...

Literary Analysis Of White Teeth By Zadie Smith Essay

Literary Analysis Of White Teeth By Zadie Smith - Essay Example She is currently a Fellow at Harvard University in the US. Our children will be born of our actions. Our accidents will become their destinies. Oh, the actions will remain. It is a simple matter of what you will do when the chips are down, my friend. When the fat lady is singing. When the walls are falling in, and the sky is dark, and the ground is rumbling. In that moment our actions will define us. And it makes no difference whether you are being watched by Allah, Jesus, Buddha, or whether you are not. On cold days a man can see his breath, on a hot day he can't. On both occasions, the man breathes. -Zadie Smith, White Teeth If World War II and the knowledge of oppression it represents are absent from all too many postcolonial studies, fifty-five years after its ending, the event and its lingering effects have found a critical position in the remarkable novel White Teeth, by Zadie Smith, Britain's most celebrated postcolonial prodigy. In White Teeth, the last days of that war mark the beginning of an escape from the nightmare of belonging to someone else and chart a journey to somewhere else. White Teeth proclaims a declaration of independence not only from the haunting and constraining memory of the war's catastrophes and racist oppression, but from the very idea of belonging. After centuries of colonial oppression and decades of postcolonial depression and anger, White Teeth imagines the grand finale of Empire as the construction of a multicultural, multiclass British bazaar. Acknowledging its colonial history and debt to postcolonial studies, the novel creates a set of unanticipated mutating connectio ns among historical and imagined events and identities interwoven among first-, second-, and third-generation postcolonial citizens of Britain. (Mike Storry, Peter Childs 53) The end of World War II meets the creation of a new Britain when a younger generation seizes the monocultural ground of Englishness on which their racialized conditions originated. As this younger generation remaps the future of their interrelated history, the narrative and political effects of their takeover represent a response not only to postcolonial critics, but to British women writing the end of Empire. Born in 1975, of a Jamaican mother and English father, in the epicenter of "British racism of the 1970s and 1980s, "Zadie Smith writes White Teeth as a rebellion against her confinement in the role of marginalized victim in an ongoing history of oppression. Neither she nor her characters will accept their places as objects of an interminable and global racist plot. (Nasta 11) Instead, she insists that "her own education at a comprehensive school and then at Cambridge shows that"life changes, my family is a picture of change"). The novel's hyperkinetic romp across interracial, multiethnic London veers from the marriage of working-class Englishman Archie Jones to biracial Jamaican Clara, from his friendship with his Bengali Muslim army mate, Samad Iqbal, to their children's entanglements with the Jewish Chalfen family. As their children hip-hop unimpeded through London's jumble of social and cultural identities, White Teeth understands, toys with, and then refuses inclusion in the "official racism of Britain in the 1970s". These characters and the whole of White Teeth will not play into the hands of Enoch Powell's racist rhetoric-"the triumph of barbarism over civilization". Powell's rallying cry against the postwar waves of postcolonial immigration reverses that slogan used by colonial conquerors and also by the Allies in their war against Nazi conquest-th e triumph of civilization over barbarism. But Powell's slogan also exposes what all

Law for Business Case Essay Example | Topics and Well Written Essays - 2250 words

Law for Business Case - Essay Example The point of perfection in a contract of sale has to be distinguished from the point of perfection in other contracts. For instance, in a pawn or pledge, the owner of the thing has to deliver the personal property to be pawned or pledged as is commonly understood even in layman terms.5 Hence, if X tells Y that the former wants to borrow money from the latter with a pawn or pledge of a gold ring as security, the contract of pawn or pledge is perfected when X physically brings the gold ring to Y. Going back to sale, since it is a consensual contract, any loss of, or damage caused unto, the thing or object is to be borne by the buyer after the perfection of the contract. In the illustration given above, let it be presumed that it was Monday when A makes the offer to sell and when B accepts it. On Tuesday, C steals the car. Under that circumstance, the legal implications will be that B suffers the loss and his recourse is not against A but against C whom he (B) can run after for the car-napping or theft. For further ramification, let it be supposed that B asks A to deliver the car to him (B) and A thus drives the car from his (A's) house to the place designated by B. While on the way, the car is hit by a lightning. In that case, B still shoulders the loss. What if, on the way, A bumps a tree because of his negligence and the car is destroyed Who suffers the loss In that case, A suffers the loss. The reason for the latter does not have any bearing anymore as to whether or not the contract of sale was perfected. Instead, A shoulders the loss because of his negligence in delivering the car to B and A's liability is founded on the principles of common law on torts and damages. In the case at bar, Toys4U Ltd became the owner of the merchandise when Megastores accepted the order. Under the general rule, therefore, Toys4U Ltd should be the one to shoulder the loss of all the three damaged toys. In the present situation, it is not so. Megastores is liable for the loss of the two toys which were damaged by the fork lift truck operator while still in the custody of Megastores. This liability is anchored on the fact that the damage was caused by the negligence or imprudence of the fork lift truck operator of Megastores. Under the legal precept of respondeat superior, the liability of the servant is the liability of the master. That is the universal rule on one who acts through another.6 Stated in another way, the responsibility of the employee is the responsibility of the employer. As to the third toy which was damaged in transit, Megastores is not liable for the same. As mentioned earlier, Toys4U Ltd became the owner of the goods when it placed the order for th e toys and accepted by Megastores. From thence, Toys4U Ltd shoulders any loss or damage. As mentioned above, it has to be noted that the general rule is that the buyer shoulders the loss if the same is sustained after the perfection of the contract. There can however be conditions which the parties may agree on. For example, John offers to sell his gun to Henry. Henry accepts the offer on the condition that John delivers the specific pistol on Monday evening at his (Henry's) residence and that upon receipt of the firearm, he (Henry) pays John.