Entered into sales contract with the defendant

Assignment Help Financial Accounting

Reference no: EM131219334

Amar entered into a sales contract with the defendant, Karinol, for the purchase of electronicwatches. The contract was silent as to shipping terms. However, the contract did have a notation in it stating that the goods were to be delivered to a location in Mexico. Moreover, seller Karinol put the goods into the possession of a common carrier with the instructions to deliver the goods to the plaintiff-buyer in Mexico. When the goods arrived and were opened for customs, the watches were missing. Between the buyer and the seller, who has the risk of loss? In light of these facts, is this a destination or a shipment contract? [ Pestana v. Karinol, 367 So. 2d 1096 (1979).]

Reference no: EM131219334

Questions Cloud

Required to permit the seller to cure the defects : New furniture was delivered to the buyer, and it was badly damaged. The purchaser notified the furniture store of the damage, and the store sent a representative to the buyer. The representative explained that the furniture could be repaired and rest..

Use both process and job order costing methods : Describe 3 products or production processes that might use both process and job order costing methods to determine the cost of a finished unit. Please be detailed in your response.

What is the appropriate remedy : Maria Palomo purchased a used car from LeBlanc Hyundai Partnership. She explained to the sales representative that she needed the car to go to work and to take care of her grandchildren. She appealed the decision. Should Palomo be allowed to revoke a..

Using software program recommended and installed by seller : David Cooper purchased a computer and software for his supermarket business. He was using a software program recommended and installed by the seller, Contemporary Computer Systems, Inc. The sales contract had a clause that stated that no refunds woul..

Entered into sales contract with the defendant : Amar entered into a sales contract with the defendant, Karinol, for the purchase of electronicwatches. The contract was silent as to shipping terms. However, the contract did have a notation in it stating that the goods were to be delivered to a loca..

Claimed to be the sole owner of the painting : In 1987 R.H. Love Gallery owned the title to a painting entitled Marlton’s Cove. The gallery sold 50 percent of the painting to Altman Fine Arts, a New York art dealer, and 50 percent to Andre Lopoukhine, a Boston art dealer. In 1989, plaintiff Morgo..

The decision of the eighth circuit court of appeals : John is a resident of Minnesota. Her 2015 federal income tax return is currently under audit. John and the Internal Revenue Service Agent assigned to his case have resolved all issues in his case except one. If John filed a petition in tax court, is ..

The business is organized as general partnership : Jane and Suzan are interested in organizing a new interior decorating business as 80-20 owners. Jane will contribute $80,000 in exchange for an 80% ownership interest and Suzan will contribute $20,000 for a 20% owners hip interest. Assuming the busin..

Equipment with an estimated market value : Elli Catering Services previously bought equipment with an estimated market value of $45,000 and is now offering it for sale at $65,000. The Trang Restaurant Group acquired it for $10,000 in cash and a note payable of $40,000 due in 30 days. The amou..

User Account

All Pages