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sveta [45]
3 years ago
9

Fresher Foods, Inc., orally agreed to purchase one thousand bushels of corn for $1.25 per bushel from Dale Vernon, a farmer. Fre

sher Foods paid $125 down and agreed to pay the remainder of the purchase price on delivery, which was scheduled for one week later. When Fresher Foods tendered the balance of $1,125 on the scheduled day of delivery and requested the corn, Vernon refused to deliver it. Fresher Foods sued Vernon for damages, claiming that Vernon had breached their oral contract.
Can Fresher Foods recover? If so, to what extent?
Business
1 answer:
Yuri [45]3 years ago
3 0

Answer:

In the case of Fresher Goods, Inc.v. Vernon, the trial court will possibly conclude that Vernon must complete the portion of the payment which has already been compensated for as a result of partial results.

Explanation:

Vernon accepted partial payment for the sold goods. While the Law of Frauds demanded that any contract for the selling of goods at a price of $500 or more be enforceable in writing, the oral arrangement was partially compensated and agreed by all parties. That part of the deal was binding, so Vernon would supply 100 corn bushels to Fresher for $1.25 per bushel.

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Steak Company acquired a building valued at $170,000 for property tax purposes in exchange for 10,000 shares of its $5 par commo
Yuliya22 [10]

Answer:

$160,000

Explanation:

Data provided in the question:

Value of the building acquired = $170,000

Number of shares exchanged = 10,000

Selling price of the stocks = $16 per share

Now,

The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.

Therefore,

The amount for which the building will be recorded by Steak Company

= Number of shares exchanged × Selling price of the stocks

= 10,000 × $16

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3 0
3 years ago
Currently Baldwin is paying a dividend of $1.10 (per share). If this dividend stayed the same, but the stock price rose by 10% w
Flauer [41]

Answer:

Dividend yield = 227.06%

Explanation:

Assuming the Closing stock market summary for Baldwin company is $44.05

Dividend yield = Dividend * 100 / (Price* (1 + growth rate) )

Dividend yield = 1.10 * 100 / (44.05 * (1+0.10) )

Dividend yield = 1.10 * 100 / (44.05 * 1.10)

Dividend yield = 110 / 48.455

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Dividend yield = 227.06%

4 0
3 years ago
Which one of these statements is correct? Long-term debt is the residual difference between assets and liabilities. Net income t
sergey [27]

Answer:

Long term debt requires a payout of cash within a stated time period.

Explanation:

When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.

3 0
3 years ago
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Advantages of being able to apply Barnlund’s Transactional Model to their workplace communication.
irakobra [83]
The transactional model of correspondence positions both communicators as senders and recipients who encode their own messages and translate others' messages with regards to both communicators' individual and shared encounters. It is an associated demonstrate, and every component exists in connection to the others.
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3 years ago
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What is 700 units at $6.80 value
jek_recluse [69]

Answer:

$4760

Explanation:

700 units at 6.80 value/unit

700 x 6.80

= 4760

8 0
3 years ago
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