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
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.

You might be interested in
A country has a
avanturin [10]

Answer:

1. Command

2. Mixed-market

3. Fair labor

Explanation:

3 0
3 years ago
Which of the following terms describes the giving up of a person suspected of a crime as part of an agreement between two or mor
Alinara [238K]
I'd go with B.Extradition.
Hope this helps
4 0
3 years ago
Read 2 more answers
A university issues a bond with a face value of $5000 and a coupon rate of 4. 41% that matures on july 15, 2018. The holder of s
Margaret [11]

The coupon payments would be made twice every year.

What is coupon payment?

Coupon payment means the cash amount that bondholders would receive from the university(bond issuer) on periodic basis till the bond matures, it is likely that the coupons are payable semiannually or annually as would be determined in this analysis.

The coupon payment is closely related with the coupon rate , which means that in order to determine the number of times in a year that coupons will be paid we can make use of the coupon received, the par value, the coupon rate, such that the frequency of coupon payments would be the unknown as shown below:

coupon receipt=par value*coupon rate/coupon frequency

coupon receipt=$110.25

par value=$5000

coupon rate=4.41%

coupon frequency=unknown(assume it is X)

$110.25=$5,000*4.41%/X

$110.25=$220.50/X

X=$220.50/$110.25

X=2

Coupons would be twice every year, which means semiannual coupon payments

Read more on coupon frequency on:brainly.com/question/16748047

#SPJ1

7 0
2 years ago
A country produces only apples and bananas. moving from point a to point b along its production possibilities​ frontier, 5 apple
LenaWriter [7]
The opportunity cost is greater than the one of the apples
7 0
3 years ago
Arendelle Enterprises has inventory of $667,000 in its stores as of December 31. It also has two shipments in-transit that left
konstantin123 [22]

Answer:

$747,000

Explanation:

Calculation to determine What amount of inventory should Arendelle report on its balance sheet as of December 31

December 31 Inventory $667,000

Add Second shipment f.o.b. shipping point of $80,000

December 31 Inventory $747,000

($667,000+$80,000)

Therefore What amount of inventory should Arendelle report on its balance sheet as of December 31 is $747,000

4 0
3 years ago
Other questions:
  • ____ help companies meet the legal requirement that their human resource decisions be job-related.
    9·1 answer
  • The city wants to pave the road in front of Sam Smith's house. Sam has 110 front feet. The cost to pave is $35 a linear foot and
    6·1 answer
  • Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and
    15·1 answer
  • It is legal for a principal real estate broker to place clients' trust funds in an interest-bearing account in Oregon ____(A) Wi
    6·1 answer
  • Can an individual's financial situation change his or her views of what is
    13·1 answer
  • Which of the following is a correct statement about promoting energy conservation?
    11·1 answer
  • send your client an email with a project and risk status. You ask for feedback on project performance. Which best practice shoul
    15·1 answer
  • A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400,000 and facto
    7·1 answer
  • The consumer price index is
    13·1 answer
  • Choose a company you frequently buy from.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!