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You are a book merchant. You own a store that sells rare and expensive books. One of your regular customers, Charlie, wants to purchase an original copy of Thoreau's Walden that you are selling for $2,500, but Charlie has been laid-off during the recession. You tell Charlie that you'll hold the book for him at the $2,500 price, as long as he promises to come back and buy it as soon as he gets a job. You even give Charlie a typed note on your business letterhead promising to keep the offer open for as long as it takes for Charlie to get back on his feet. Charlie comes back to your store six months later and tells you that he has a job now, and he'd like to buy the book. You tell him, "Sorry, Charlie. I sold that book last week." Charlie is very angry and threatens to sue you for breach of contract. The opportunity to own that copy of Walden has been the only motivation that has sustained Charlie during these hard months of unemployment.
(1) What is Charlie going to argue to the court?
(2) What is your best legal argument to the court?
(3) If you challenged Charlie solely on the specific elements of a firm offer as defined by the UCC 2-205, i.e., you argued that your offer to sell Walden to Charlie whenever he is able to get a job is NOT a firm offer, would you be successful?
Ellen has indicated that she would like to leave a legacy for her grandchildren. She would like to pay for college expenses at a private university for her grandchildren.
A $1,000 corporate bond with 20 years to maturity pays a coupon of 7% (semi-annual) and the market required rate of return is a) 6.6% b) 13%. What is the current selling price for a) and b)?
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Laub argues that a servant organization “is one in which the characteristics of servant leadership are displayed through the organizational culture and practiced by the leadership and the workforce”.
Has any of the stigma of mental health care changed? Are those with challenges and diseases in a better place today?
different standards for different products or services (e.g., 1.00, 1.20, 1.33 also 1.40). Elucidate what reasons might there be for using a single measure also Elucidate what reasons might there be for using multiple standards.
A security interest is said to be perfected:
A system is composed of two parts which must both operate in order for the system to perform as intended. The parts have reliabilities of .6 and .5. There is an identical backup system connected to the main system by a switch which has a reliability ..
Compare and contrast the issues in private sector subcontracting to privatization in the public sector.
Some methods of initial assessment appear to be more useful than others. If you were starting your own business, which initial assessment methods would you use and why? When faced with the need to hire, how are you going to approach the task (as outl..
D-Magic is a new company that has developed a revolutionary 3D television. It uses a new technology that provides a much sharper and realistic 3D experience than their competitors.
Rich's 13 year old daughter Alexandra is going to give him an introductory trombone concert later in the day, and he wants to purchase earplugs before then
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