User Account

All Pages

Consumer and pedro sues him for breach of contract

Assignment Help Business Management
Reference no: EM131104734

Joshua, a merchant, promises in a signed writing to Pedro, a consumer, to hold an offer to sell goods open for five months. However, Joshua sells the goods to another consumer and Pedro sues him for breach of contract. Which of the following is true of this case?

1) Joshua is not bound by the contract since the firm offers cannot exceed three months.

2) Since Joshua is a merchant and is bound by the firm offer made to Pedro, he has breached the contract.

3) The UCC will not enforce this contract as a firm offer as both parties are not merchants.

4) Joshua is bound by this offer only if a five month offer is customary for this type of good.

Reference no: EM131104734

Questions Cloud

Prepare a partial income statement for green day beginning : Green Day Corporation had income from continuing operations of $12,600,000 in 2004. During 2004, it disposed of its restaurant division at an after-tax loss of $189,000.
Identify the economic resources agents and economic events : Identify the economic resources, agents, economic events and at least one cardinality relationship that would be included in the REA diagram for the sales process?
Determine the dpmo for triplespoke ccr : TripleSpoke received 1,000 custom bike orders last month. Of those 1,000 orders there were 135 orders that were not delivered on time within the 25-day window. From this data, determine the DPMO for this TripleSpoke CCR.
Calculate the amount of return you would earn : Calculate the amount of return you would earn if the $12,000 were invested for one year at 5%. Calculate the net amount of return you would earn if $3,000 were borrowed at a cost of 15%, and then $15,000 were invested for one year at 8%.
Consumer and pedro sues him for breach of contract : Joshua, a merchant, promises in a signed writing to Pedro, a consumer, to hold an offer to sell goods open for five months. However, Joshua sells the goods to another consumer and Pedro sues him for breach of contract. Which of the following is tr..
Describe the characteristics quality uses limitations : Describe the characteristics, quality, uses, limitations and defects associated with the resources in relation to: -bricks, blocks, mortars, frames, insulation, dpc, lintels, fixings, ties, hand tools and equipment?
A chemical company produces two chemicals : A chemical company produces two chemicals, denoted by 0 and 1, and only one can be produced at a time. Each month a decision is made as to which chemical to produce that month.
Prepare a single step income statement for the year ended : Turner Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2004. Expenses for 2004 were: cost of goods sold $1,250,000; administrative expenses $212,000; selling expenses $280,000; interest expense $45,000.
What are samantha legal rights : Samantha purchased a used computer system from Office Rental Inc. who was updating its computers. Later Big Bank asserted the right to repossess the used computer system from Samantha since it had a lien on all of Office Rental's business equipmen..

Reviews

Write a Review

Business Management Questions & Answers

  Minimum total annual inventory cost

A store stocks beer mugs and the demand for these beer mugs is 10,200 per year. It costs $120 per order of the mugs and it costs $1.35 per mug per year to keep the mugs in stock. Once an order is placed, it takes seven days to receive the order fr..

  Explain how this transition benefited its consumers

Support your claims with e.g. from required material(s) also/or other scholarly resources also properly cite any references.

  Serious students leadershipprepare a one-page journal of

serious students leadershipprepare a one-page journal of how the information within the readings in this module relate

  How was the product introduced to the market

Define the term innovation. Then, research what you think is an example of an innovative product or service. Include the following within your discussion:- What is your product, and why do you feel the product you have selected is innovative within..

  Polarized thinkinghave you ever had a boss that used

polarized thinkinghave you ever had a boss that used polarized thinking? i know i have and it is very frustrating.

  Show all of the steps of the model and give a recommendation

Show all of the steps of the model and give a recommendation to the CEO of illustrate what to do now that the deaths are escalating. Illustrate what is the right thing for the CEO to do in this case?

  Problem for a company such as the railroad

Create an original cost structure exercise/problem for a company such as the railroad.

  Discuss the elements of a swot analysis

Discuss the elements of a SWOT analysis. What elements do all SWOT analyses have in common? Why might some be different? Identify the elements your consider most important and would be included in a SWOT. Why were these chosen? Explain the purpose of..

  Evaluate the reasons to outsource goods and services

Evaluate the reasons to outsource goods, services, or production. Considering today's business climate, give your opinion on the most logical reason to outsource.

  Gender judgement the primary reason why men are paid more

Write TWO PAGE about your position on is gender judgement the primary reason why men are paid more than women for the same position

  Comprehensive and effective international compensation

The CEO has come to you and asked for you to design a comprehensive and effective international compensation package to encourage the employees selected to take the assignment. Draft a memo to the CEO explaining the new international compensation p..

  Inventory and cost of goods sold

1. Topeka tool Works reports the monthly values for its inventory and cost of goods sold for the most recent twelve months as follow:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd