Is lloyd correct in given condition and why

Assignment Help Management Theories
Reference no: EM131386687

Mae contracted to sell one thousand bushels of wheat to Lloyd at $10 per bushel. Just before Mae was to deliver the wheat, Lloyd notified her that he would not receive or accept the wheat.

Mae sold the wheat for $9.60 per bushel, the market price, and later sued Lloyd for the difference of $400. Lloyd claims he was not notified by Mae of the resale and hence is not liable. Is Lloyd correct? Why?

Reference no: EM131386687

Questions Cloud

Can david now recover damages from judy : Can David now recover damages from Judy at the rate of $8 per ton for the coal thus purchased, amounting to $16,000?
Identify the name and description of the selected company : Identify the name and description of the selected company. Describe the problem at that company. Identify one research variable from that problem.
Summarize how this discovery affected the life of average : The discovery of America and that of the passage to the East Indies by the Cape of Good Hope, are the two (2) greatest events recorded in the history of [human] kind" - Adam Smith, in the Wealth of Nations,1776. Think about why he and many other n..
Describe the movie theater’s deal with numbers : Suppose Naia's income has not changed and the price of movies is fixed at $5. The movie theater now offers a deal on popcorn that changes her budget constraint. The new budget constraint is shown below. Describe the movie theater's deal, with numb..
Is lloyd correct in given condition and why : Mae sold the wheat for $9.60 per bushel, the market price, and later sued Lloyd for the difference of $400. Lloyd claims he was not notified by Mae of the resale and hence is not liable. Is Lloyd correct? Why?
Foreign exchange subscriber and foreign exchange office : What is the major difference between Foreign eXchange Subscriber(FXS) and Foreign eXchange Office (FXO)
What and why did the south move from seeing slavery : When and why did the South move from seeing slavery as a necessary evil to seeing it as a good thing?
Explain whether felley received an express warranty : In addition, the car developed serious brake problems within the first month that Felley owned it. Felley now contends that the Singletons breached their express warranty. Explain whether Felley received an express warranty and whether the Singlet..
Medium to large network was involved : Discuss how you might remove botnet software from a network computer. What steps would you take first? How could you identify which host was a member of the botnet if a medium to large network was involved? include reference.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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