A potato farmer bob agrees to sell 10,000 bags of potatoes

Assignment Help Business Law and Ethics
Reference no: EM13146610

A potato farmer Bob agrees to sell 10,000 bags of potatoes and deliver them to "Save-a-Lot Supermarkets in yellow bags with green labels. When the potatoes arrive they have red labels, which the store considers will reduce the attractiveness of the display and reduce sales. The produce manager rejects delivery and arranges another supplier, Sally's Spuds, to supply potatoes in yellow bags with green labels. Due to the short notice, Save-a-Lot has to pay 5 cents a bag more to Sally than it had agreed to pay to Bob. Bob is able to sell the potatoes to an out of town buyer but at a profit that is $1000 less than what he would have made from the deal with Save-a- Lot. Bob and Save-a-Lot sue each other for breach of contract. What outcome would you expect? Explain why.

Reference no: EM13146610

Questions Cloud

Record the journal entries for the transactions : January 5, 2008 received a charter granting the right to issue 5,000 shares of $100 par value 8% cumulative, non-participating preferred stock and 50,000 shares of $5 par value common stock. Record the journal entries for the transactions listed a..
Evaluation of adequacy of internal controls : Which is generally considered to be the primary purpose of an internal auditor's evaluation of the adequacy of internal controls.
What is the mass of sulfuric acid solution : A concentrated sulfuric acid solution is 65.0% H2SO4 by mass and has a density of 1.55 g/mL at 20°C. What is the mass of 8.00 L of the concentrated sulfuric acid solution?
Reason for establishing internal audit function : Which of the following is generally considered to be a major reason for establishing an internal audit function?
A potato farmer bob agrees to sell 10,000 bags of potatoes : A potato farmer Bob agrees to sell 10,000 bags of potatoes and deliver them to "Save-a-Lot Supermarkets in yellow bags with green labels. When the potatoes arrive they have red labels, which the store considers will reduce the attractiveness o..
How many grams of carbon dioxide will be produced : C2H4 + 3O2 = 2CO2 + 2H2O If you start with 54 grams of ethylene (C2H4) how many grams of carbon dioxide will be produced?
Simulate problem using the monte carlo process : Simulate this problem using the Monte Carlo process. Show the demand during lead time (DDLT) for 30 reorders and determine the expected demand during lead time.
Journal entry of mays finance corporation : Prepare the journal entry on July 1, 2010, for SEK Corp. to record the sale of receivables without recourse. Prepare the journal entry on July 1, 2010, for Mays Finance Corporation to record the purchase of receivables without recourse.
Compute the number of moles of ascobic acid : Calculate the number of moles of Ascobic acid in the 50.00 ml Sample. Titration Volumes of KIO3 Initial Buret reading/ml trial 1=12.54 trial 2=8.78 Final buret reading/ trial 1=38.74 trial 2=34.93 Volume of KIO used/ml trial 1=? trial 2=?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Write a memo on a state level business dispute

Write a memo on a state level business dispute. Describe as if you were writing a "white paper" for your boss who wants to know how a case like the one you have chosen would be processed throughout the various legal phases in a state court system.

  Explain legal issues and their resolutions

Explain Legal Issues and their Resolutions and The construction division recently hired a former high-ranking official from the Environmental Protection Agency (EPA) to ensure environmental regulations are followed

  Explain page v gulf coast motors

Explain Page v Gulf Coast Motors and Critical Legal Thinking- What is a guaranty contract and Pay strict attention to quality in terms of substance

  Explain impact of the sarbanes-oxley act

Explain Impact of the Sarbanes-Oxley Act and When a company decides to go public it can typically obtain capital by issuing stocks or bonds

  Role of internal revenue service play-interpreting tax law

What role does Internal Revenue Service play in interpreting, and giving guidance on, tax law? What kinds of tax law guidance are published by IRS?

  Explain should managers consider race in the hiring equation

Explain Should Managers Consider Race in the Hiring Equation and The issue of diversity is a major topic for government suppliers that have to supply census data about their workforce relative to the race of candidates that they hire for opportunit..

  Explain bankruptcy and student loans and sole proprietorship

Explain Bankruptcy and student loans and sole proprietorships and Based upon a discussion of your understanding of insurance law principles

  Explain ownership of the engagement ring in divorce

Explain Ownership of the engagement ring in divorce and Where do you stand on this issue

  Evaluate how the organizational ethical issue was detected

Evaluate how the organizational ethical issue was detected and how management failed to prepare an ethical environment.

  Explain foreign corrupt practices act

Explain Foreign Corrupt Practices Act and What controls does your organization have in place to ensure compliance with the FCPA

  Explain patents and trademarks

Explain Patents and Trademarks and Should a company be allowed to patent a life form

  Explain legal business issues

Explain Legal Business Issues and be able to make a good case, because John used his company's laptop computer to design the product.

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