Questions from Business Law

Q: On November 4, Kim contracted to sell to Lynn five hundred

On November 4, Kim contracted to sell to Lynn five hundred sacks of flour at $4 each to be delivered to Lynn by December 12. On November 27, Kim shipped the flour. By December 5, when the shipment arr...

Q: Farley and Trudy entered into a written contract whereby Farley agreed to

Farley and Trudy entered into a written contract whereby Farley agreed to sell and Trudy agreed to buy 6,000 bushels of wheat at $10.33 per bushel, deliverable at the rate of 1,000 bushels a month com...

Q: Bain ordered from Marcum a carload of lumber, which he intended

Bain ordered from Marcum a carload of lumber, which he intended to use in the construction of small boats for the U.S. Navy, pursuant to contract. The order specified that the lumber was to be free fr...

Q: The plaintiff, a seller of milk, had for ten years

The plaintiff, a seller of milk, had for ten years bid on contracts to supply milk to the defendant school district, and had supplied milk to other school districts in the area. On June 15, the plaint...

Q: Dickinson orders 1,000 widgets at $5 per widget from

Dickinson orders 1,000 widgets at $5 per widget from International Widget to be delivered within sixty days. After the contract is consummated and signed, Dickinson orally requests that International...

Q: On January 2, 2015, seventeen-year-old Martin

On January 2, 2015, seventeen-year-old Martin paid $2,000 for a used motorboat to use in his fishing business, after Dealer’s fraudulent misrepresentation of the condition of the boat. Martin signed a...

Q: HMT, already in the business of marketing agricultural products, decided

HMT, already in the business of marketing agricultural products, decided to try its hand at marketing potatoes for processing. Nine months before the potato harvest, HMT contracted to supply Bell Bran...

Q: Schreiner, a cotton farmer, agreed over the telephone to sell

Schreiner, a cotton farmer, agreed over the telephone to sell 150 bales of cotton to Loeb & Co. Schreiner had sold cotton to Loeb & Co. for the past five years. Written confirmation of the date, parti...

Q: American Sand & Gravel, Inc., agreed to sell sand to

American Sand & Gravel, Inc., agreed to sell sand to Clark at a special discount if 20,000–25,000 tons were ordered. The discount price was $9.45 per ton, compared with the normal price of $10.00 per...

Q: In September, Auburn Plastics submitted price quotations to CBS for the

In September, Auburn Plastics submitted price quotations to CBS for the manufacture of eight cavity molds to be used in making parts for CBS’s toys. Each quotation specified that the offer would not b...