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Martin made an oral contract with Cresheim Garage to work as its manager for two years. Cresheim wrote Martin a letter stating that the oral contract had been made and setting forth all of its terms. Cresheim later refused to recognize the contract. Martin sued Cresheim for breach of the contract and offered Cresheim's letter in evidence as proof of the contract. Cresheim claimed that the oral contract was not binding because the contract was not in writing and the letter referring to the contract was not a contract but only a letter. Was the contract binding?
Lone Star Life Insurance Co. agreed to make a long-term loan to Five Forty Three Land, Inc., whenever that corporation requested one. Five Forty Three wanted this loan to pay off its short-term debts. The loan was never made, as it was never requested by Five Forty Three, which owed the Exchange Bank & Trust Co. on a short-term debt. Exchange Bank then sued Lone Star for breach of its promise on the theory that the Exchange Bank was a third-party beneficiary of the contract to make the loan. Was the Exchange Bank correct?
Tim often uses the home for entertaining customers, suppliers, and employees. The fair market value of comparable housing is $9,000 per month. Tim is also provided with free parking at his company's office. The value of the parking is $350 per ..
some people argue that a stock dividend is a way of appearing to give something of value to stockholders when in fact
john is considering two bank card offers that are the same in all respects except for the following. bank a charges no
Write a 400-500 words synopsis on Data protection use at least three sources in your review of the topic. Your review should be similar to a "literature review lite" which covers the topic in some detail, but not fully, due to the constraints in ..
Identify at least two different accounting careers that you would like to pursue. What excites you about these careers?
On November 10th, JumpStart Co. provides $2,900 in services to clients. At the time of service, the clients paid $600.00 in cash and put the balance on account.
the organization is a nonprofit organization that promotes fairs in the area. the organization puts on three different
prescott inc. uses standard costing for its one product baseball bats. the standards call for 3 board-feet of wood at
write a short summary explaining the following search online sources for business headlines from the last 6 months.
the controller of teton industries has collected the following monthly expense data for use in analyzing the cost
Holly's stockholders' equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2010.
your friend jose is trying to decide whether to buy or lease his next vehicle. he has gathered information about each
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