Legal environment of business

Assignment Help Financial Management

Reference no: EM131856976

LEGAL ENVIRONMENT OF BUSINESS

Jerry decided he better get a new car. His '89 Toyota Tercel was not cutting the mustard any longer. Jerry decided to buy a pick-up truck. He saw a used 2011 Ford F-150 advertised for sale for $11,000 by a private individual, Bob Thornton. The F-150 had a V-6 engine, 4-wheel drive, and an extended cab. Jerry met with Bob and they signed a written contract for the sale of the vehicle. Jerry paid $500.00 cash down and promised to return 2 days later with a bank cashier's check for the balance of $10,500, at which time Jerry would get title of the truck. Two days later, Jerry went back to Bob's house with bank check, all set to drive away in the pick-up truck. When Jerry arrived, Bob informed Jerry he had a better offer and he had already sold the truck to Larry Bird for S13,000. Two days after, Jerry another 2011 F150 Truck with 4-wheel drive. extended cab, and a V-6 engine for $15,000.

Discuss all issues.

Reference no: EM131856976

Questions Cloud

Why are evaporative coolers often used in arizona : Why are evaporative coolers often used in Arizona, Nevada, and California but not nearly so often in Florida, Georgia, or Indiana?

Why are most sever air pollution episodes associated : Why are most sever air pollution episodes associated with subsidence inversions rather than radiation inversions.

Explanation of the systems used for communicating : You must cover the following topics: an explanation of the systems used for communicating this information and knowledge

Side of the appalachian mountains : Why is there a contrast in climate type on either side of the rocky mountains, but not on either side of the appalachian mountains?

Legal environment of business : Jerry decided he better get a new car. His '89 Toyota Tercel was not cutting the mustard any longer.

What circumstance would matrix arising in least-square curve : Under what circumstances would the matrix arising in least-squares curve fitting be singular? Does the least-squares method work if two different observations.

Would you expect the earth to cool or warm further : Would you expect the earth to cool or warm further? and Why?

Explain concepts of diversifiable and non-diversifiable risk : Explain concepts of diversifiable and non-diversifiable risk in portfolio theory.

Wedge of cooler air : Ahead of a surface warm front, warm and humid air rides up and over a wedge of cooler air (a process known as overrunning.)

User Account

All Pages