What are the rights and liabilities of the parties

Assignment Help Management Theories

Reference no: EM131386443

Farber owned a quantity of corn that was stored in a corncrib located on Farber's farm. On March 12, Farber wrote a letter to Barber stating that he would sell to Barber all of the corn in this crib, which he estimated at between nine hundred and one thousand bushels, for $3.60 per bushel.

Barber received this letter on March 13, and on the same day immediately wrote and mailed a letter to Farber stating that he would buy the corn.

The corncrib and contents were accidentally destroyed by a fire that broke out about 3 A.M. on March 14. What are the rights and liabilities of the parties? What difference, if any, in result would there be if Farber were a merchant?

Reference no: EM131386443

Questions Cloud

Common business trends of the last decade : For most industries, globalization is arguably one of the more common business trends of the last decade. As your text indicates, there are several considerations that must be evaluated from a contracting standpoint relative to multi-nation operat..

Who is liable for the loss or brown or smith : Suppose Smith had delivered the corn to the railroad in Toledo. After the corn was loaded on a freight car but before the train left the yard, the car was broken open and its contents, including the corn, were stolen. Who is liable for the loss, B..

Why are blocks rather than groups used in symbol libraries : Why are blocks, rather than groups, used in symbol libraries? Can you think of any applications for which you could use groups as well as blocks in a symbol library? Explain.

Compute companys net profit margin for each year presented : CP3-2: Compute the company's net profit margin for each year presented. Explain net profit margin ratio and discuss the results shown above.

What are the rights and liabilities of the parties : The corncrib and contents were accidentally destroyed by a fire that broke out about 3 A.M. on March 14. What are the rights and liabilities of the parties? What difference, if any, in result would there be if Farber were a merchant?

Does any liability rest on franco : The apples were shipped to Franco from Oregon but, through no fault of Franco, were totally destroyed before reaching New York. Does any liability rest on Franco?

Create the adjustments of the bed’s length : Review the Parameter Sets tab of the Block Authoring Palettes. Which parameter set would we have used to create the adjustments of the bed's length?

Can smith successfully sue brown and company : Smith was approached by a man who introduced himself as Brown of Brown & Co. Smith, who did not know Brown, asked Dun & Bradstreet for a credit report on Brown.- Can Smith successfully sue Brown & Co. for either the return of the gems or the price ..

Identify a substitute for that good or service : Identify a good or service that you've purchased in the past week. Identify a substitute for that good or service.

User Account

All Pages