Document supersedes all oral promises relating to the sale

Assignment Help Financial Management
Reference no: EM13940256

In a transaction for the sale of an auto painting facility, Bright Auto Colors Company tells Custom Cars Corporation that the paints and other supplies on-site are included. The contract says nothing about the supplies on-site, but does state, “This document supersedes all oral promises relating to the sale.” Are the supplies part of the sale? Why or why not?

Reference no: EM13940256

Questions Cloud

What are job-order costing and process costing : What are job-order costing and process costing? What types of firms use job-order costing? Process costing? Give some examples of service firms that might use job-order costing, and explain why it is used in those firms.
Cost formula for its supplies cost : Ingram Framing's cost formula for its supplies cost is $1,120 per month plus $12 per frame. For the month of June, the company planned for activity of 610 frames,
What is role of material requisition forms in costing system : What is the role of materials requisition forms in a job-order costing system? Time tickets? Predetermined overhead rates?
Components of the new product development process : Choose two components of the new product development process e.g. idea generation, product development, market analysis, commercialization or product launch and describe and analyse the product development strategy adopted by an energy company as ..
Document supersedes all oral promises relating to the sale : In a transaction for the sale of an auto painting facility, Bright Auto Colors Company tells Custom Cars Corporation that the paints and other supplies on-site are included. The contract says nothing about the supplies on-site, but does state, “This ..
Develop an application that counts the number of words : Develop an application that counts the number of words, number of characters with spaces and without spaced
Production facilities across the country : A privately-owned manufacturing firm has three production facilities across the country. Here are some important facts about these facilities:
Proposed above of reducing selling price and undertaking : Using an excel sheet that shows the relevant formulas; calculate the break-even point (in units as well as in dollars)for the original budgeted income statement provided above.
What recommendations would you make to correct it : How can managers determine if organizational structure is out of alignment with an organization's strategy in a criminal justice organization? If the organizational structure were misaligned, what recommendations would you make to correct it?

Reviews

Write a Review

Financial Management Questions & Answers

  1 assume that you have tried three different forecasting

1 assume that you have tried three different forecasting models. for the first the mad 2.5 for the second the mse

  Motivation-communication-teams-groups and team work

How could you use expectancy theory to increase your own motivational level? What kind of facial expression do you think might make a person appear intelligent? In what way is being a member of a virtual team much like being a telecommuter?

  A firm that follows a residual dividend policy will probably

A firm that follows a residual dividend policy will probably have:

  The stock price using the p-e ratio valuation method

Using the P/E ratio approach to valuation, calculate the value of a share of stock under the following conditions: the investors required rate of return 13%. the stock price using the P/E ratio valuation method is $. The stock price using the dividen..

  What amount of depletion should be recognized

In 2015, Ellie Co. purchased property with natural resources for 28,000,000. The property had a residual value if 5,000,000. However the entity is required to restore the property to the original condition at a discounted amount of 2,000,000. What am..

  Calculate the revenue from the groupon campaign

A local dental practice decides to run a Groupon campaign. The campaign offered $365 worth of dental services (such as teeth whitening) for $165. For the total campaign, 235 coupons were sold.

  Difference between commercial banks and investment banks

Explain the difference between commercial banks and investment banks. Discuss their roles in our financial system, how each facilitates capital raising by firms, and how each earns profits. Discuss the potential conflict of interest when these two en..

  Choose an item that you would like to manufacture nbspyou

choose an item that you would like to manufacture. nbspyou do not actually need to manufacture something but will

  Cost-effective continuing professional education

Hewett and Hefner, LLP is a regional public accounting firm with 34 offices throughout the south eastern United States. To provide employees with cost-effective continuing professional education, the company maintains an in-house education and traini..

  Consider project to supply postage stamps per year

Consider a project to supply 118 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $2,080,000 five years ago; if the land were sold today, it would net you $2,280,0..

  Marketers find a new communication tool with pinterest

For marketers adept at recognizing new opportunities, the online bulletin board Pinterest can provide their companies with a competitive advantage.

  Calculate eco s current cost of preferred stock

Calculate Eco s current after-tax cost of long-term debt, calculate Eco s current cost of preferred stock

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