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Mama L [17]
3 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 contracts terms. Discuss fully Bailey’s claims.
Business
1 answer:
Vikentia [17]3 years ago
8 0

Answer:

We can assume that both Strike and Bailey are American companies and that they operate in that US under the UCC rules. Under UCC rules they are both considered merchants since they trade with the goods related to the contract.  Strike's offer was very precise and Bailey's acceptance was made in a reasonable manner which can be considered a valid acceptance.

The only difference exists with the shipping company, which the UCC rules consider a conflicting term and Strike should have either objected or ratified it before sending the goods. Since Strike didn't object Bailey's terms, then by using a different truck company it is breaching the contract.

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Financial statements should be useful. Which of the following is not one of the qualities of useful financial representation.
AlexFokin [52]

Answer:

A. Expand-ability Relevance

Explanation:

Financial statements does not need expansion, therefore expand-ability relevance is not one of the qualities of financial statements.

A. Faithful representation- financial statements must be a faithful representation of the state of the entity. it should represent the correct position of the entity.

B. Comparability - The financial statements must be prepared in accordance with acceptable standard to ensure comparison within and without the entity.

C. Consistency and Verifiability - The numbers must be verifiable and methods choosing in treating certain items must be consistent over time.

8 0
3 years ago
The market risk premium is defined as __________. A. the difference between the return on an index fund and the return on Treasu
jonny [76]

Answer:

A. the difference between the return on an index fund and the return on Treasury bills.

Explanation:

This term can be primarily used in denoting of opportunity cost in an investment, and also for risk assessment.

It is primarily defined to be the difference between an expected return on a market investment against the risk free rate. When a graph is been put to consideration, the market risk premium equals the security market line.

It is also primarily known also for its provision of quantitative measure found in the extra return demanded by market participants for the increased risk. At this summation, it is denoted that it is the difference between the return on an index fund and the return on Treasury bills.

7 0
3 years ago
The NFL often sets their ticket prices below the equilibrium price. The NFL is setting a ______ that will create a ______.
dem82 [27]
The NFL is setting a PRICE CEILING that will create a SHORTAGE.
Price ceiling refers to the government imposed price on a particular commodity, for that commodity, the government control how high the price of the commodity should be. Government uses price ceiling to prevent consumers from exploitation. When the price ceiling is set below the equilibrium price, there will be excess demand and this will lead to supply shortage. This is because, producers will produce only a small quantity because of lowered price while the consumers will demand for excess because of the cheap price of the commodity. 
5 0
3 years ago
The company currently markets McDog T-bone, Lapdog Lunchtreats, Rover's Potroast, and Puppy Porterhouse in the dog food market.
love history [14]

Answer:

Option B, PRODUCT LINE

Explanation:

A product line is a group of related products all marketed under a single brand name that is sold by the same company. Companies sell multiple product lines under their various brand names, seeking to distinguish them from each other for better usability for consumers.

Product lines are created by companies as a marketing strategy to capture the sales of consumers who are already buying the brand. The operating principle is that consumers are more likely to respond positively to brands they know and love and will be willing to buy the new products based on their positive experiences with the brand in the past.

McDog T-bone, Lapdog Lunchtreats, Rover's Potroast, Puppy Porterhouse and Prime cuts are a group of products which are physically similar and are intended for the same market; the dog food market.

Therefore, the option that best suits the question is option B; Prime Cuts will be an addition to the company's PRODUCT LINE in the dog food market.

4 0
3 years ago
Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers
Artemon [7]

Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

So here the boss is stuck in the production oriented as he full focused on improving the products so that he could produce the high quality products by applying the innovation

Therefore the correct option is A.

8 0
3 years ago
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