What are the rights of the parties

Assignment Help Business Law and Ethics
Reference no: EM131388238

Robert in Chicago entered into a contract to sell certain machines to Terry in New York. The machines were to be manufactured by Robert and shipped F.O.B. Chicago not later than March 25.

On March 24, when Robert was about to ship the machines, he received a telegram from Terry wrongfully repudiating the contract.

The machines cannot readily be resold for a reasonable price because they are a special kind used only in Terry's manufacturing processes. Robert sues Terry to recover the agreed price of the machines. What are the rights of the parties?

Reference no: EM131388238

Questions Cloud

How could topic apply to an organization you have observed : What evidence supports the main point? How could the topic of this article apply to your personal or professional life? How could the topic apply to an organization you have observed?
Rate of return company can get in this equipment proposal : An equipment costing $52,500 is being considered for a production process at Dew Chemicals. The expected benefits per year is $5,000 and estimated salvage value is $9,000. Determine the rate of return the company can get in this equipment proposal. E..
What should the xyz railroad company do : ABC Company was informed of this at once and immediately telegraphed XYZ Railroad Company to withhold delivery of the television sets. What should the XYZ Railroad Company do?
Primary mechanism for loan securitization : Pass-through securities are the primary mechanism for loan securitization. Summarize the creation of a Ginnie Mae (GNMA) pass-through security and explain its securitization process. Identify how such a securitization benefits a financial institut..
What are the rights of the parties : The machines cannot readily be resold for a reasonable price because they are a special kind used only in Terry's manufacturing processes. Robert sues Terry to recover the agreed price of the machines. What are the rights of the parties?
Computation of break-even equations : The Center for Shaker Crafts (CSC) is thinking about bringing a new exhibit to the Center. It will cost the Center $30,000 to bring the exhibit to town, an additional $12,000 for lighting and security equipment, and $5,500 for an insurance policy...
What is the number of kilowatt hours of electricity produced : A state owned company is providing electricity at the price of $0.105 and faces the demand for electricity P=1.255-0.001Q. The company has a cost function C(Q)=100.625+0.105Q. Commonwealth of Pennsylvania sells the firm, and now the firm’s only goal ..
Discuss the relevant psychosocial and cultural aspects : Like many other categories of mental disorders, characteristics of psychotic disorders sometimes overlap, making it difficult to differentiate one from another. For this Discussion, you will compare two subtypes of schizophrenia, two other psychot..
Should calvin prevail in a lawsuit against boone : These defects could not be completely cured by repair. Should Calvin prevail in a lawsuit against Boone for breach of warranty to recover damages for the loss in value?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  What are the current hspds

What are the current HSPDs? What is your recommendation of the 3 most important HSPDs, and why are these important to the DHS and the secretary

  Complaint procedure for a disparate impact

the difference between a disparate impact and a disparate treatment claim; the complaint procedure for a disparate impact and a disparate treatment claim as it pertains to the EEOC

  What are the rights of sex offenders living in the community

What are the rights of sex offenders living in the community? What should the rights be of community members so that they can be protected from sex offenders?

  Would you have agreed to participate in this study

The treatment of the participants in the study raised as much criticism as the results the study generated. Was it ethical to mislead them into believing that they were really inflicting pain on the learners? Why?

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Defining characteristics of a public corporation

What is a corporation and What are the defining characteristics of a public corporation? What is a conglomerate? What is the difference between a corporation and a conglomerate?

  Identify the four goals of criminal law

Identify the four goals of criminal law, and discuss the manner in which these four goals effectuable the purpose of protecting the public and preventing the conviction of innocent persons

  Using concepts related to groups and group dynamics explain

write a 700- to 1050-word paper that answers all the case study questions that follow.1. using concepts related to

  What are business ethics and what is social responsibility

What are "business ethics"? From a business perspective, what is "social responsibility"? Where do ethics and social responsibility come from within an organization?

  Analyse the impact of the requirements for a valid contract

analyse the impact of the requirements for a valid contract in a given situation. in the westshire times on 2nd

  Drug company x reports a new pill that is guaranteed to

drug company x reports a new pill that is guaranteed to lose weight without any side effects. the information was

  Why you want to join the nypd auxiliary program

Breif paragraph on why you want to join the nypd auxiliary program and what you have to offer the program

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd