What are the rights of the parties

Assignment Help Business Law and Ethics
Reference no: EM131388213

Lee Oldsmobile sells Rolls-Royce automobiles. Mrs. Kaiden sent Lee a $25,000 deposit on a $135,500 1999 RollsRoyce. Although Lee informed Mrs. Kaiden that the car would be delivered in November, the order form did not indicate the delivery date and contained a disclaimer for delay or failure to deliver due to circumstances beyond the dealer's control.

On November 21, Mrs. Kaiden purchased another car from another dealer and canceled her car from Lee.

When Lee attempted to deliver a Rolls-Royce to Mrs. Kaiden on November 29, Mrs. Kaiden refused to accept delivery. Lee later sold the car for $130,495.00. Mrs. Kaiden sued Lee for her $25,000 deposit plus interest.

Lee counterclaims, based on the terms of the contract, for liquidated damages of $25,000 (the amount of the deposit) as a result of Mrs. Kaiden's breach of contract. What are the rights of the parties?

Reference no: EM131388213

Questions Cloud

Determine the mass moment of inertia of the object : Determine the mass moment of inertia about the z axis using composite shapes. Express your answer in terms of the mass m of the object.
Started a new bonus plan for its employees : Your employer has started a new bonus plan for its employees. You will receive a bonus based on lowering the average cost of delivering a service provided by your organization. You know the fixed cost of that service is currently 75% of total cost..
New bonus plan for its employees : Your employer has started a new bonus plan for its employees. You will receive a bonus based on lowering the average cost of delivering a service provided by your organization. You know the fixed cost of that service is currently 75% of total cost..
What is the price of the bill : A Treasury bill with 90-day maturity sells at a bank discount yield of 3%. Assume the par value is 10,000. (a) What is the price of the bill? (b) What is the 90-day holding period return of the bill?
What are the rights of the parties : Lee counterclaims, based on the terms of the contract, for liquidated damages of $25,000 (the amount of the deposit) as a result of Mrs. Kaiden's breach of contract. What are the rights of the parties?
Describe actual small business and efforts to grow business : The case describes an actual small business and the efforts to grow the business by the original owner. The case addresses a demonstration of the owner's faith by his rehiring a worker who was previously terminated.
What is a christian worldview : This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations fo..
Underlying the global financial crisis : Discuss the reasons underlying the global financial crisis that started in 2007. In particular, what was the role of mortgage backed securities in precipitating this crisis?
Difference between the contract price and the resale price : Servebest sues Emessee for breach of contract including (a) damages for the difference between the contract price and the resale price of the trimmings and (b) incidental damages. Discuss.

Reviews

Write a Review

 

Business Law and Ethics Questions & Answers

  What is the process for filing that claim

Does Tara have a claim under the Civil Rights Act? What is the process for filing that claim? Where is the claim filed, and how is the claim processed

  Confronting the suspect with evidence of guilt

In the second phase of the interrogation process, there are several outcome-based tactics that may be used to obtain a confession. Confronting the suspect with evidence of guilt

  Relationship between ethics and professional behavior

Write a 1,400- to 1,750-word paper in which you analyze the relationship between ethics and professional behavior in the administration of criminal justice

  Identify the ip rights that are owned by an organization

Identify the IP rights that are owned by an organization you currently or formerly have worked at. Next, explain which intellectual property appears the most difficult for a business owner to protect

  What are the ethical implications involved in the business

What are the ethical implications involved in this business decision? Assess the legal implications of moving business abroad specific to your chosen country. What are the advantages and disadvantages?

  Who is impacted internally and externally

Outline the context of the problem or challenge, including the history and any policy decisions that have contributed to the situation. Why is it important that the problem be addressed, who is impacted internally and externally

  Protect wetlands in the united states

Describe two (2) legislations that have been implemented to minimize the damage caused by oil spills. Describe two (2) measures taken to protect wetlands in the United States

  What sarbanes oxley means to you

Read the article Governance in the Spotlight: What Sarbanes Oxley means to You. In this article the author outlines provisions companies are now required to implement

  The typical undercover operation is known as a buy and bust

drug courts are supervised judicial entities that specifically deal with nonviolent drug offenses. the purpose of these

  Why has terrorism continued to be big business

Describe how terrorist organizations raise money and provide their approximate financial worth and Why has terrorism continued to be big business

  Define how technology affects the communication capabilities

Prepare a 1,050- to 1,750-word paper that explains how technology affects the communication capabilities of specialized databases in the criminal justice system

  The differences between objective and subjective intent

1.let's make sure we understand the differences between objective and subjective intent. Provide an example of objective intent. Provide an example of subjective intent. Why is the former, but not the later, incorporated into the terms of the contra..

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