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NARA [144]
3 years ago
9

Quasi Contract Middleton Motors, Inc.. a struggling Ford dealership in Madison, Wisconsin. sought managerial andfinancial assist

ance from Lindquist Ford, Inc. a successful Ford dealership in Bettendorf, Iowa. While the two dealershipsnegotiated the terms for the services and a cash infusion, Lindquist sent Craig Miller, its general manager. to assumecontrol of Middleton. After about a year. the parties had not agreed on the terms, Lindquist had not invested any money.Middleton had not made a profit. and Miller was fired without being paid. Lindquist and Miller filed a suit in a federaldistrict court against Middleton based on quasi contract, seeking to recover Miller’s pay for his time. What are therequirements to recover on a theory of quasi-contract? Which of these requirements is most likely to be disputed in thiscase? Why? [Lindquist Ford, Inc. v, Middleton Motors. Inc, 557 F.3d 469 (7th Cir. 2009)]
Business
1 answer:
Dima020 [189]3 years ago
3 0

Answer:

Quasi Contract:  

In the case of Lindquist Ford, Inc. v. Middleton Motors, Inc., 557 F.3d 469 (7th Cir. 2009) the trial court settled money damages to Lindquist. The Court of Appeals reversed the result that the trial court had mismanaged the mutual law theories of quantum meruit and unjust augmentation and imprisoned for a new trial. The trial court settled damages to Lindquist and Miller for Miller's salary.

Explanation:

The necessities to improve on the quasi-contract theory are as follows:

  • The party looking for damages discussed a benefit on the other party.
  • That party also discussed the benefit with the sensible expectation of being paid.
  • The party was not performing as a volunteer in providing this benefit.
  • The party getting the benefit would be irrationally enriched if permitted to retain the benefit without disbursing for it.

All of these necessities must be encountered in order for a quasi-contract judgment to be awarded.

The necessities under unjust improvement are as follows:

  1. A benefit discussed upon the perpetrator by the plaintiff.
  2. Appreciation by the respondent of the fact of such benefit.
  3. Acceptance and retention by the respondent of the benefit, under conditions such that it would be discriminatory to retain the advantage without payment of the worth thereof.

Lindquist met the essentials required for unjust enhancement and the court fund in their favor.

The necessities under quantum merit are as follows:

  1. The complainant must prove that the respondent requested the plaintiff's services.
  2. It was reasonable for the applicant to expect reimbursement for the services. Lindquist met the elements compulsory for quantum meruit and the court found in their favor.

The condition most likely to be doubtful in this case is whether or not the party seeking compensations actually discussed a benefit upon the other party, or whether Lindquist essentially conferred a benefit upon Middleton through the management of Miller. The court resolute through indication presented that Lindquist and Miller had a reasonable anticipation to payment for services rendered and that Middleton received a benefit from Miller's services

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Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera
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8.78

Explanation:

The computation of the cash cycle is given below;

We know that

Cash cycle = Inventory conversion period + Receivables conversion period - Payables conversion period.

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2. Receivables conversion period = Avg. Accounts Receivable ÷ (Credit Sales × 365)

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