Questions from Business Law


Q: Alpha Rolling Mill Corporation (Alpha Corporation), by letter dated June

Alpha Rolling Mill Corporation (Alpha Corporation), by letter dated June 8, offered to sell Brooklyn Railroad Company (Brooklyn Company) 2,000 to 5,000 tons of fifty-pound iron rails on certain specif...

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Q: On April 8, Crystal received a telephone call from Akers,

On April 8, Crystal received a telephone call from Akers, a truck dealer, who told Crystal that a new model truck in which Crystal was interested would arrive in one week. Although Akers initially wan...

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Q: On November 15, Gloria, Inc., a manufacturer of crystalware

On November 15, Gloria, Inc., a manufacturer of crystalware, mailed to Benny Buyer a letter stating that Gloria would sell to Buyer one hundred crystal “A” goblets at $100 per goblet and that “the off...

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Q: On May 1, Melforth Realty Company offered to sell Greenacre to

On May 1, Melforth Realty Company offered to sell Greenacre to Dallas, Inc., for $1,000,000. The offer was made by telegraph and stated that the offer would expire on May 15. Dallas decided to purchas...

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Q: Rowe advertised in newspapers of wide circulation and otherwise made known that

Rowe advertised in newspapers of wide circulation and otherwise made known that she would pay $5,000 for a complete set, consisting of ten volumes, of certain rare books. Ford, not knowing of the offe...

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Q: Scott, manufacturer of a carbonated beverage, entered into a contract

Scott, manufacturer of a carbonated beverage, entered into a contract with Otis, owner of a baseball park, whereby Otis rented to Scott a large signboard on top of the center field wall. The contract...

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Q: Barney accepted Clark’s offer to sell to him a portion of Clark’s

Barney accepted Clark’s offer to sell to him a portion of Clark’s coin collection. Clark forgot at the time of the offer and acceptance that her prized $20 gold piece was included in the portion that...

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Q: On March 10, Tolliver Tolles, also known as Thomas Towle

On March 10, Tolliver Tolles, also known as Thomas Towle, delivered to Alonzo Craig and Abigail Craig the following instrument, written by him in pencil: For value received, I, Thomas Towle, promise t...

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Q: Owen telephones an order to Hillary's store for certain goods, which

Owen telephones an order to Hillary's store for certain goods, which Hillary delivers to Owen. Neither party says anything about the price or payment terms. What are the legal obligations of Owen and...

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Q: On November 1, the Kansas City Post Office Employees Credit Union

On November 1, the Kansas City Post Office Employees Credit Union merged into the Kansas City Telephone Credit Union to form the Communications Credit Union (Credit Union). Systems Design and Manageme...

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