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Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable Truck Line. Bailey replies, “I accept your offer for one thousand shirts at the price quoted. Delivery to be by Yellow express Truck Line.” Both Strike and Bailey are merchants. Three weeks later, Strike ships the shirts by Dependable Truck Line, and Bailey refuses to accept delivery. Strike sues for breach of contract. Bailey claims that there never was a contract because his reply, which included a modification of carriers, did not constitute an acceptance. Bailey further claims that even if there had been a contract, Strike would have been in breach because Strike shipped the shirts by Dependable, contrary to the contracts terms. Discuss fully Bailey’s claims.
A corporation plans to invest in a small project which costs a cone-time expenditure of $600,000 at year 0 and offers an annual return of $160,000 each in the next five years.
If a painter does their very best “in good faith” to paint a person’s house as promised in a contract but the paint job is very poorly done, is the painter entitled to payment
How does Williamson define opportunism? How does he relate this opportunism to the concept of bounded rationality and to the behavior of managers in organizations? If the locu
Sam entered into a contract with Ben for the sale of cotton. A writing was made sufficient to indicate a contract for sale; it specified the quantity as “all the cotton to be
Competitive Advantage and 3 Generic Strategies Describe some of the pitfalls associated with each of the three generic strategies. The three generic strategies overall cost, l
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