Reference no: EM131387667
Green owed White $3,500, which was due and payable on June 1. White owed Brown $3,500, which was due and payable on August 1. On May 25, White received a letter signed by Green stating, ‘‘If you will cancel my debt to you, in the amount of $3,500, I will pay, on the due date, the debt you owe Brown, in the amount of $3,500.''
On May 28, Green received a letter signed by White stating, ‘‘I received your letter and agree to the proposals recited therein. You may consider your debt to me canceled as of the date of this letter.''
On June 1, White, needing money to pay his income taxes, made a demand upon Green to pay him the $3,500 due on that date. Is Green obligated to pay the money demanded by White?
|
Must pamela sell the land to michael
: Georgia, without Pamela's permission, assigned the contract to Michael. Michael now seeks to exercise the option, and Pamela refuses to sell Greenacre to him. Must Pamela sell the land to Michael?
|
|
Can reed successfully collect damages from julia
: Hayden sells his ice cream plant to Reed and assigns to Reed all Hayden's rights under the contract with Julia. On learning of the sale, Julia refuses to furnish ice to Reed. Can Reed successfully collect damages from Julia? Explain.
|
|
Market experiences future demand
: A water utility for a growing city is considering expanding their capacity by investing in a larger system of wells. Their long-run marginal cost of water provision is characterized by the function MC(q) = 5 + (2/3)(q) (q is in thousands of gallons)...
|
|
Will erwick succeed in its claim
: The contract price was for $200,000, and the final payment is $20,000. Erwick now brings suit seeking the $20,000. Will Erwick succeed in its claim?
|
|
Is green obligated to pay the money demanded by white
: On June 1, White, needing money to pay his income taxes, made a demand upon Green to pay him the $3,500 due on that date. Is Green obligated to pay the money demanded by White?
|
|
What is the backward induction solution to this game
: Consider the following sequential strategic situation, called the centipede game. The game has 100 stages. Two players take turns making decisions, starting with player 1. Draw the game tree for this strategic situation (the name of the game will bec..
|
|
Will ames be able to collect damages from bowen
: The next day, without knowledge or notice of Bowen's contract with Curd, Ames began construction. Bowen ordered Ames from the premises and refused to allow him to continue. Will Ames be able to collect damages from Bowen? Explain.
|
|
Implementing all state registers of a finite state machine
: Con-sider what (if anything) could go wrong if an FSM was constructed using a combination of positive edge-triggered D flip-flops and negative edge-triggered D flip-flops to implement the FSM state register.
|
|
What rights if any does judy have under the contract
: It became imperative for Northern to employ another, and it treated the contract with Judy as breached and abandoned, refusing to permit Judy to resume work on her release from jail. What rights, if any, does Judy have under the contract?
|