Started production on spectrometers

Assignment Help Other Subject

Reference no: EM133681501

Question

Your company produces mass spectrometers for sale to colleges and universities throughout the United States. On February 12, the University of Washtaw contacts your company to purchase 12 mass spectrometers at $1,000,000 per unit. You enter into a contract with the university on March 1 under those terms, along with a delivery date of December 1. On April 10, you receive a letter from the university stating that, due to ambiguities in the contract language, they believe you are only owed $10,000,000. Specifically, Washtaw states, "please find enclosed a check for $10,000,000 for payment in full, check marked as such. Also, this is the total amount of our budget. We would be more agreeable to cancelling the contract than to have to come up with another $2,000,000." Your company has not yet started production on the spectrometers. What are your options and why?

Reference no: EM133681501

Questions Cloud

Internet bulletin board operator and The Daily Show : Explains the difference in legal outcomes between the cases of the Internet bulletin board operator and The Daily Show?

Khushhua residency status for tax purposes from income : What is Mr. Khushhua's residency status for tax purposes from the income year 2019-20 to income year 2022-23?

Connecticut Computer Crime Statute : Analyze each of the following fact patterns you choose and decide whether the activity described violates the Connecticut Computer Crime Statute.

What you believe is unilateral contract : Your discussion is noted regarding the validity of what you believe is a unilateral contract. The facts do not indicate that there is the normal offer,

Started production on spectrometers : Your company has not yet started production on the spectrometers. What are your options and why?

Review the supplementary : Review the supplementary reading provided in this unit in the book chapter from Berg, Gibbs, and Miller's book "Report writing for police

Rule on the validity of restraint on alienation : How would a Florida Court, using Aquarian Foundation, Inc. v. Shalom House as sole precedent, rule on the validity of this restraint on alienation?

Johnny came into your store and spotted baseball : Johnny came into your store and spotted a baseball signed Suzuki-Last Home Run" and asked, is that the famous Suzuki baseball player from Japan?

Fixing the Companies Act : NZ workers have few protections if their employer goes bust - fixing the Companies Act would help and how it relates to the material in Laws

User Account

All Pages