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Molly and Pat signed a contract providing that "Pat will furnish the correct used business law book for use in Molly's business law class; and in return on August 15, 2011, Molly promises to pay Pat $50 for the book." Molly took the book and planned to pay Pat. Meanwhile, Pat properly assigned the contract Molly had signed to Jack. When Molly went to class, however, she discovered that the book was the incorrect book. When Jack asked Molly for payment, Molly refused. Molly told Jack that the book was useless to her and that she was not paying either him or Pat anything for it. Jack told Molly that he had an enforceable assignment in the form of a negotiable instrument and that he could collect regardless of whether the book was useless. Molly did not believe him. Continuing with her attempt to save money on books, Molly agreed to buy Tim's U.S. history book for $40. She had an oral agreement with Tim that he would give her the book and that she would pay him in three days. This time Molly got the right book. Tim, in writing, properly assigned the right to the $40 payment to Richard. Richard asked Molly for the money. Molly admitted her agreement with Tim but told Richard that she was not going to pay him because he did not have a negotiable instrument. Molly also purchased a communications book from Sam promising in writing to give him in return the next day, to his order, a used DVD player she owned. What is the effect of Molly agreeing to give Sam a DVD in return for the book?
How are the trading stock provisions reconciled with the CGT provisions?
Explain Freedom of Commercial Speech and While most of us are appalled at the association of junk food with drugs
Explain unfair labour practices and the complaint alleged that the respondent induced and encouraged employees of Moore Dry Dock Company to engage in a strike or concerted refusal in the course of their employment to perform services for Moore in ..
Total leverage can be defined as the use of fixed costs, both operating and financial, to magnify the effects of changes in sales on a company's earnings per share. This discussion considers some ethical issues related to the subject of levera..
Explain IT Management -Automated Contract Preperation Tools and Summarize an overview of each tool as well as the pluses and minuses of each tool into an executive level
Mandy purchased a business law book and used it during her business law class. She later loaned the book to Steven, and then to Christen. Another student accused her of copyright violation and threatened to report her to the book publisher and a..
Write a paper on identification of anonymous or pseudonymous internet users
Advise what tax consequences arise in respect of the payments.
In your own words, discuss your point of view on affirmative action. Do you believe it is fair or does affirmative action create further discrimination
However, David stated that before he signed any agreement for the sale of the antique this sale was to be made subject to a condition that he first obtain legal advice concerning any contractual obligations he might have to Ian.
Explain Case Study- Nicotine Company's Disclosure and What are the ethical issues raised by Winston's omission of possible effects of using its products
International treaties that have been ratified by the Australian government do not as such form part of our domestic law or operate as a direct source of individual rights and obligations under that law.
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