1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
exis [7]
4 years ago
12

Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable

Truck Line. Bailey replies, "I accept your offer for one thousand shirts at the price quoted. Delivery to be by Yellow Express Truck Line." Both Strike and Bailey are merchants. Three weeks later, Strike ships the shirts by Dependable Truck Line, and Bailey refuses to accept delivery. Strike sues for breach of contract. Bailey claims that there never was a contract because his reply, which included a modification of carriers, did not constitute an acceptance. Bailey further claims that even if there had been a contract, Strike would have been in breach because Strike shipped the shirts by Dependable, contrary to the contract terms. Discuss fully Bailey’s claims. Miller, Roger LeRoy. Cengage Advantage Books: Business Law Today, The Essentials: Text and Summarized Cases (p. 323). Cengage Learning. Kindle Edition.
Business
1 answer:
maks197457 [2]4 years ago
7 0

Answer: A contractual obligation om shipment is not enforceable.

Explanation: A contract is a legally binding agreement. For a contract to be legally binding it needs to have an offer and acceptance. Strike and Bailey are merchants who both agree on the stated quantity and price of shirts to be shipped. However, the declaration or condition of shipment is neither agreed nor accepted by both Strike and Bailey as Strike offered to deliver using 'Dependable Truck Line' while Bailey accepted delivery by 'Yellow Express Truck Line' that was never offered.

For a contract to exist, a complete offer and acceptance must exist on the full terms and conditions of te shipment in this case. However, there is no agreement by either party on the shipment therefore contractual obligation on shipment is not enforceable.

You might be interested in
Golden years vitamin corporation targets consumers living in florida who are over age 65. golden years is using __________ segme
aalyn [17]
The answer is geodemographic segmentation. This is a multivariate measurable characterization strategy for finding whether the people of a populace fall into various gatherings by making quantitative examinations of numerous attributes with the presumption that the distinctions inside any gathering ought to be not as much as the contrasts between gatherings.
7 0
3 years ago
a list of accounts and their balances after all adjustments have been made and posted to the general ledger is known as the g
s2008m [1.1K]

Answer:

Adjusted trial balance

Explanation:

8 0
3 years ago
quizlet When a borrower defaults on a mortgage, which one of the following statements does NOT apply? The property will be sold
ohaa [14]

power of sale clause

What is borrower defaults?

Any default under or breach of any such agreement or instrument is referred to as a borrower default. This includes any default or event of default as defined in any agreement or instrument evidencing, governing, or issued in connection with lender Indebtedness, including but not limited to the Credit Agreement. Any situation or event that, upon giving notice, passing of time, or both, would, unless corrected or waived, become a borrower event of default is referred to as a borrower default. If the borrower fails to pay back any advances when they are due or if legal action is taken to appoint a receiver, trustee, liquidator, or custodian of the borrower or of all or a major portion of it, a borrower default is said to have taken place.

Learn more about borrower defaults with the help of given link:-

brainly.com/question/25662015

#SPJ4

8 0
2 years ago
Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can
vova2212 [387]

Answer: $4

Explanation:

The Bottle division is said to be able to meet all excess demand outside as well as that of the Cologne Division.

When this is the case in a company, individual divisions are allowed to transfer to each other at a rate equal to their Variable Costs. This is the general rule.

The Variable Costs for the containers is $4 so that is the transfer price as well.

6 0
3 years ago
On January 1, 2020, Waterway Company sold 11% bonds having a maturity value of $700,000 for $783,845, which provides the bondhol
Hoochie [10]

Answer:

The journal entry to record the issuance of bond is shown as:

Dr  Bank                                       $783,845

Cr  Bonds payable                                          $700000

Cr  Bonds premium                                          $83845

    Being issuance of bonds for cash

Subsequently,coupon interest is calculated is on the par value of $700000 at 11% while effective interest of 8% is calculated on $783,845

Explanation:

Upon issuance of the bonds,the receipt of cash of $783,845 is debited to bank account as an increase in asset.

The obligation to redeem the bond on 1 January 2025 is credited to bonds payable at par value of $700000(an increase in liability)

However, cash received is more by $83,845 which is credited to bonds premium account.

6 0
3 years ago
Other questions:
  • Suppose that the behavior of households and firms in an economy is determined by the following equations C=60+0.9Yd, II = 34, G
    6·1 answer
  • This question tests your knowledge of what activities are included in calculating GDP. Decide for each item whether it is part o
    11·1 answer
  • A competitive firm currently produces and sells 500 units of output. Its total revenue is $3,500; the marginal cost of producing
    14·1 answer
  • The following PERT network lists all the different tasks that must occur in order for West Coast Aquatics Swim Club to successfu
    15·1 answer
  • Financial statements does not cover a period of time but rather reports amounts at a specific point in time?
    9·1 answer
  • If you put $700 in a savings account at an interest rate of 3 percent, how much money will you have in one year?
    9·1 answer
  • American president obama enacted a five-year freeze on federal salaries to help the government achieve its objectives of reducin
    15·1 answer
  • Sarasota Company has a factory machine with a book value of $86,300 and a remaining useful life of 7 years. It can be sold for $
    6·1 answer
  • Joint products A and B emerge from common processing that costs $116,000 and yields 4,000 units of Product A and 2,800 units of
    14·1 answer
  • What kind of value chain can be described as purchases being made by the retailer from the manufacturer and then the retailer se
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!