Reference no: EM131387066
Packer owned and operated a fruit cannery in Southton, Illinois. He stored a substantial amount of finished canned goods in a warehouse in East St. Louis, Illinois, owned and operated by Alden, in order to have goods readily available for the St. Louis market. On March 1, he had ten thousand cans of peaches and five thousand cans of apples in storage with Alden.
On the day named, he borrowed $5,000 from Alden, giving Alden his promissory note for this amount due June 1, together with a letter authorizing Alden, in the event the note was not paid at maturity, to sell any or all of his goods in storage, pay the indebtedness, and account to him for any surplus. Packer died on June 2 without having paid the note. On June 8, Alden told Taylor, a wholesale food distributor, that he had for sale, as agent of the owner, ten thousand cans of peaches and five thousand cans of apples. Taylor said he would take the peaches and would decide later about the apples. A contract for the sale of ten thousand cans of peaches for $6,000 was thereupon signed ‘‘Alden, agent for Packer, seller; Taylor, buyer.'' Both Alden and Taylor knew of the death of Packer. Delivery of the peaches and payment were made on June 10.
On June 11, Alden and Taylor signed a similar contract covering the five thousand cans of apples, delivery and payment to be made June 30. On June 23, Packer's executor, having learned of these contracts, wrote Alden and Taylor stating that Alden had no authority to make the contracts, demanding that Taylor return the peaches, and directing Alden not to deliver the apples. Discuss the correctness of the contentions of Packer's executor.
|
Explain what may he recover
: Alexander has paid the judgment and brings a cause of action against Piedmont Electric Co. What may he recover? Explain.
|
|
Can ames continue to sell palmers goods
: Ames made satisfactory sales up to May 15 and was about to close an unusually large order when Palmer suddenly and without notice revoked Ames's authority to sell. Can Ames continue to sell Palmer's goods during the unexpired term of her contract?
|
|
Describe the three or four most important elements
: Identify, define, and describe the three or four most important elements of an Information Security Plan. Be sure to identify and support why your selected elements are the most important.The paper must following the formatting guidelines in The Pu..
|
|
Are the hagues correct in their assertion
: Hilgendorf brought this action for breach of the listing contract. The Hagues maintain that Hilgendorf's duty of loyalty required him to give up the listing contract. Are the Hagues correct in their assertion?
|
|
Discuss correctness of the contentions of packers executor
: On June 23, Packer's executor, having learned of these contracts, wrote Alden and Taylor stating that Alden had no authority to make the contracts, demanding that Taylor return the peaches, and directing Alden not to deliver the apples. Discuss th..
|
|
How have innovations in technology affected your life
: BBA 3302- Do you think companies can simply graft new strategies and structures onto existing ones? How have innovations in technology affected your life and the way you do business?
|
|
How does data leakage occur in an organization
: The focus of the research paper is Data Leakage. How does data leakage occur in an organization? What are the common causes of this problem? How would use address this troublesome trend? Use your textbook, internet, and other publications to re..
|
|
Discuss whether perry will prevail in given case
: David resisted on the ground that Perry had suffered no damage because Alice had been given no discretion and the sale was made on the exact basis authorized by Perry. Discuss whether Perry will prevail.
|
|
Do you think that the documentary presents an accurate image
: Do you think that the documentary presents an accurate image of corporations and businesses in America? How can individuals help to make businesses a positive force in our society?
|