Questions from Business Law

Q: My-T Quality Goods, Inc., and Nu! Sales

My-T Quality Goods, Inc., and Nu! Sales Corporation orally agree to a deal. My-T’s president has the essential terms written up on company letterhead stationery, and the memo is filed in My-T’s office...

Q: Ready Foods contracts to buy two hundred carloads of frozen pizzas from

Ready Foods contracts to buy two hundred carloads of frozen pizzas from Speedy Distributors. Before Ready or Speedy starts performing, can the parties call off the deal? What if Speedy has already shi...

Q: Greg contracts to build a storage shed for Haney. Haney pays

Greg contracts to build a storage shed for Haney. Haney pays Greg in advance, but Greg completes only half the work. Haney pays Ipswich $500 to finish the shed. If Haney sues Greg, what would be the m...

Q: Lyle contracts to sell his ranch to Marley, who is to

Lyle contracts to sell his ranch to Marley, who is to take possession on June 1. Lyle delays the transfer until August 1. Marley incurs expenses in providing for cattle that he bought for the ranch. W...

Q: Gems International, Ltd., is a foreign firm that has a

Gems International, Ltd., is a foreign firm that has a 12 percent share of the U.S. market for diamonds. To capture a larger share, Gems offers its products at a below-cost discount to U.S. buyers (an...

Q: E-Design, Inc., orders 150 computer desks. Fav

E-Design, Inc., orders 150 computer desks. Fav-O-Rite Supplies, Inc., ships 150 printer stands. Is this an acceptance of the offer or a counteroffer? If it is an acceptance, is it a breach of the cont...

Q: Truck Parts, Inc. (TPI), often sells supplies to

Truck Parts, Inc. (TPI), often sells supplies to United Fix-It Company (UFC), which services trucks. Over the phone, they negotiate for the sale of eighty-four sets of tires. TPI sends a letter to UFC...

Q: Sabrina owes $600 to Yale, who asks Sabrina to sign

Sabrina owes $600 to Yale, who asks Sabrina to sign an instrument for the debt. If written on the instrument by Sabrina, which of the following would prevent its negotiability—“I.O.U. $600,” “I promis...

Q: Karl self-publishes a cookbook titled Hole Foods, in which

Karl self-publishes a cookbook titled Hole Foods, in which he sets out recipes for donuts, Bundt cakes, tortellini, and other foods with holes. To publicize the book, Karl designs the Web site holefoo...

Q: Eagle Corporation began marketing software in 2001 under the mark “Eagle

Eagle Corporation began marketing software in 2001 under the mark “Eagle.” In 2013, Eagle.com, Inc., a different company selling different products, begins to use eagle as part of its URL and register...