Explaining the contract and open price

Assignment Help Other Subject
Reference no: EM1326496

Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufacturer of refrigerators. Eastinghouse said it would take some time to quote a price on an order of that size. Courts replied, "Send the refrigerators immediately and bill us later." The refrigerators were delivered three days later, and the invoice ten days after that. The invoice price was $140,000. Courts believes that the wholesale market price of the refrigerators is only $120,000. Do the parties have a contract? If so, what is the price? Explain.#question..

Reference no: EM1326496

Questions Cloud

Challenges that you personally face in presentations : What are the challenges that you personally face in presentations and What are some successes that you have had in making presentations?
The mortex organization assembles garments : The MorTex organization assembles garments entirely by hand even though a textile machine exists which can assemble garments faster than a human can.
Program implementing in workplace to prevent future burnout : Describe a program you would consider implementing into the workplace to prevent future burnout.
Discuss the layered stack approach : This is meant as a discussion topic, this is not an essay. Describe the OSI and TCP/IP reference models. express  the similarities and differences between them. consider how the layered stack approach assists in our understanding of these referenc..
Explaining the contract and open price : Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufacturer of refrigerators.
Research design-correlation : What are some potential problems we might encounter, and what strategies would we use to minimize these?
Explain imagine that you have visited a local company : Explain Imagine that you have visited a local company with a data administration function and what kind of data does the company control or not control
Business ethics and problem solving model : Discuss: What are the pros and cons of employing the 9-step problem-solving model in daily life and in business situations?
Explain bead bar management information systems : Bead Bar Management Information Systems - List and describe each of the seven phases of the systems development life cycle.

Reviews

Write a Review

 

Other Subject Questions & Answers

  Articles-empirical research from positive psychology journal

Compare the information from each article on this topic; information needs to be integrated with specific references to each article on how the information compares and contrasts.

  Distinction between contract and tort

When Allen failed to act on the Estelleâ??s complaints, they filed a suit in an Indiana State court against Allen Construction and Allen personally, alleging in part that his individual work on the project was negligent. Can both Allen and his cor..

  Pledge of allegiance

Emily got the highest grade, she will lead the pledge of allegiance everyday for a week.

  Reactive purchasing and proactive purchasing

Give 5 differences between Reactive Purchasing and Proactive Purchasing A proactive strategic procurement operation can give the organisation it represents a competitive advantage

  Ethical research practices

Summarize a research study that was conducted before the institution of the National Research Act of 1974. Explain how the study would be in violation of today's ethical research practices.

  Maintaining the liability and breach of contract

The liability of the minors for the full year's lease and for the months that they lived in the apartment -- the month that they paid for and the month that they did not pay for

  These high-paid workers are a mix of outstanding average

These high-paid workers are a mix of outstanding average, and below-average performers based on the results of performance evaluations. You also notice that some of the younger employees who are not necessarily outstanding performers are relatively l..

  Philosophers and psychological applications

Do you think that psychologists could use some of the processes of the philosophers to further our knowledge and understanding of cognitive psychology

  Values-beliefs-enculturation

Values, Beliefs, and Enculturation - Exploring how and why moral reasoning may differ cross-culturally.

  Explain the difference between hygiene and motivating factor

Explain the difference between hygiene and motivating factors Explain how a manager can use the Herzberg's two factor theory of motivation to motivate its employees

  Discuss the benefits of training

Provide an overview of all the training methods and discuss their advantages and disadvantages Discuss the benefits of training

  State of consciousness- influence of drugs

you might recognize if a person at work or in your family is in an altered state of consciousness due to the influence of drugs.

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!

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