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Cure Joc Oil USA, Inc. (Joc Oil), contracted to purchase low-sulfur fuel oil from an Italian oil refinery. The Italian refinery issued a certificate to Joc Oil, indicating that the sulfur content of the oil was 0.50 percent. Joc Oil entered into a sales contract to sell the oil to Consolidated Edison Company of New York, Inc. (Con Ed). Con Ed agreed to pay an agreed-upon price per barrel for oil not to exceed 0.50 percent sulfur. When the ship delivering the oil arrived, it discharged the oil into three Con Ed storage tanks. A report issued by Con Ed stated that the sulfur content of the oil was 0.92 percent. In the past, Con Ed had permitted a delivery of nonconforming oil to be cured by a conforming delivery. Joc Oil made an offer to cure the defect by substituting a conforming shipment of oil that was already on a ship that was to arrive within two weeks. Con Ed rejected Joc Oil’s offer to cure. Joc Oil sued Con Ed for damages for breach of contract. Does Joc Oil have a right to cure the nonconforming delivery?
Bonnie purchased a new business asset (five-year property) on March 10, 2013, at a cost of $30,000. She also purchased a new business asset (seven-year property) on November 20, 2013, at a cost of $13,000. Bonnie did not elect to expense either of th..
Elliott Corp. failed to record accrued salaries for 2011, $2,000; 2012, $2,100; and 2013, $3,900. What is the amount of the overstatement or understatement of Retained Earnings at December 31, 2014?
IBM (in 2010) and the Emerging Cloud-Computing Industry
If the yield curve is downward sloping, which of the following statements is correct? (hint: graph the yield curves for a Tbond, a AAA bond, and a B bond)
Discuss Linda Wachner's approach to employee management and development. Explain if you agree or disagree with this approach.
Research how and why the American Humane Association (AHA) refreshed its brand. Explain which theory played a part in the PR planning and implementation of its new campaign, and how it was applied.
Identify the following: Minimum cost order quantity, Maximum number of backorders, Maximum inventory, Cycle time and Total annual cost.
Which of the following statements about systems theory is NOT true? It concentrates on individual components and the input and output of those components. It provides the conceptual foundation on which the development of information systems is based...
Discuss the challenges one would have in the preparation of a persuasive speech. How can one overcome these challenges? What advice would you give to your peers/colleagues?
Discuss the nature of social and labor issues that domestic manufacturers will likely face with their international suppliers. Why is it important to understand the cultural background of a foreign supplier?
What was Elon Musk overall strategy for Tesla?
the economic order quantity with no backorders? if the annual cost with no backorders=449.50. what is the total annual variable cost? what is the maximum inventory with no backorder model? what is the reorder point with no backorder model.
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