law of commerce, Business Economics

Assignment Help:
Hatfield owned a large farm on which he grew grain. His combine was inadequate in relation to the acreage of grain that he harvested annually. As a result, on several occasions his crops had been adversely affected by rain and poor weather conditions. He reasoned that a larger machine could reduce the time spent harvesting by as much as two-thirds and, thereby, reduce the chances of bad weather affecting his harvest.

At an agricultural exhibition, he examined a new self-propelled combine that was advertised as capable of harvesting grain at three times the speed of his old equipment. The machine was much larger and more powerful than his old combine and appeared to be of the correct size for his farm.

On his return home, he contacted the local dealer for the combine. After explaining his needs, he was assured by the dealer that the size he was considering would be capable of harvesting his crop in one-third of the time taken by his older model. He placed an order for the combine, with delivery to be made in early July, well before he would require the equipment.

The machine did not arrive until the beginning of the harvest, and Hatfield immediately put the machine into service. Unfortunately, the machine was out of adjustment, and Hatfield was obliged to call the dealer to put it in order. The equipment continued to break down each time Hatfield operated it at the recommended speed. In spite of numerous attempts by the dealer to correct the problem, the equipment could not be operated at anything more than a very slow speed without a breakdown. Hatfield found that despite the large size of the equipment, his harvest time was no faster. When the harvest was completed, he returned the machine and demanded his money back.

The equipment dealer refused to return his money. He pointed to a clause in the purchase agreement that Hatfield had signed, which read: "No warranty or condition, express or implied, shall apply to this agreement with respect of fitness for the use intended or as to performance, except those specifically stated herein."

The only reference in the agreement to the equipment stated that it was to be a "new model XVX self-propelled combine."

Related Discussions:- law of commerce

Production function, Suppose a firm’s budget were large enough to employ 10...

Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the cost of a unit of labor being the same as a unit of capital. The production function i

Current vs. historical costs, Accountants prepare income statements typical...

Accountants prepare income statements typically in terms of historical costs, in terms of the purchase price, rather than in terms of the current price. The reasons given for this

Control the circulation of money in the economy, QUESTION (a) State whe...

QUESTION (a) State whether the following statements are TRUE or FALSE. Clearly explain your answer. (i)The Keynes liquidity Preference theory stipulates that money demand is

Business Math, Scenario: A client comes to you for investment advice on his...

Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions

Economists group countries at various stages of development, How do economi...

How do economists group countries at various stages of development? There are three major forms of classifications: • IMF: Developing and industrial, transitional economi

Statistically significantly, Suppose that historically, the proportion of p...

Suppose that historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous 6 months, in a sample of 115 new-

Pricing practices, what is the important or usefulness of pricing practices...

what is the important or usefulness of pricing practices to management

Instituition, Define institutions in the context of business strategy, and ...

Define institutions in the context of business strategy, and explain the role of institutions when considering entering a foreign market. Explain the role of culture in how these i

Samantha Hill, Problem-solving question: Use the following data for a firm’...

Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) schedule; (

Write Your Message!

Captcha
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