Questions from Business Law

Q: The concept of substantial performance permits a party to be discharged from

The concept of substantial performance permits a party to be discharged from a contract even though the party has not fully performed her or his obligations according to the contract’s terms. Is this...

Q: ABC Clothiers, Inc., has a contract with John Taylor,

ABC Clothiers, Inc., has a contract with John Taylor, owner of Taylor & Sons, a retailer, to deliver one thousand summer suits to Taylor’s place of business on or before May 1. On April 1, John receiv...

Q: Review the discussion of the doctrine of mitigation of damages in this

Review the discussion of the doctrine of mitigation of damages in this chapter. What are some of the advantages and disadvantages of this doctrine?

Q: Frances Morelli agreed to sell Judith Bucklin a house in Rhode Island

Frances Morelli agreed to sell Judith Bucklin a house in Rhode Island for $177,000. The sale was supposed to be closed by September 1. The contract included a provision that “if Seller is unable to co...

Q: Assume that you are manufacturing iPad accessories and that your business is

Assume that you are manufacturing iPad accessories and that your business is becoming more successful. You are now considering expanding operations into another country. 1. One group will explore the...

Q: Mountain Stream Trout Co. agreed to buy “market size”

Mountain Stream Trout Co. agreed to buy “market size” trout from trout grower Lake Farms, LLC. Their five-year contract did not define market size. At the time, in the trade, market size referred to f...

Q: Suppose that you are a collector of antique cars and you need

Suppose that you are a collector of antique cars and you need to purchase spare parts for a 1938 engine. These parts are not made any more and are scarce. You discover that Beem has the spare parts th...

Q: Kodiak agrees to sell one thousand espresso machines to Lin to be

Kodiak agrees to sell one thousand espresso machines to Lin to be delivered on May 1. Due to a strike during the last week of April, there is a temporary shortage of delivery vehicles. Kodiak can deli...

Q: Go to Appendix G at the end of this text and examine

Go to Appendix G at the end of this text and examine the excerpt of Case No. 3, Mills v. Chauvin. Review and then brief the case, making sure that your brief answers the following questions. 1. Issue...

Q: Who is in the best position to evaluate the credibility of the

Who is in the best position to evaluate the credibility of the evidence and the witnesses in a case? Why?