Black contracted with White to build a certain number of large transmission towers for a stated price per tower. White subsequently decided to use longer spans for the wires, thereby reducing the number of towers. Is Black entitled to an adjustment in the price per tower?

Consider the following contractual relation between B and S. B's value of the widget, denoted by v, is uncertain at the time of contracting. Assume that v will be either $90 or $150 or $170 with an equal probability.   S's cost to produce the widget is $100 (c = $100). S's reliance expenditure is $10 (e = $10).   Contract says that S is to deliver a widget to B at p = $130. Assume that B promises to pay S the contract price $130 (not paid in advance).   Assume that if the contract is not completed, reliance expenditure has no value. Note: I will clarify the timing of the model again. Initially, B and S sign the contract. S chooses reliance e. Then, B observes the actual value of v, and decides whether to breach or not. If B breaches the contract, S does not incur the production cost $100 at all.   The presumption is that for S, there are two types of costs, (1) the cost he incurs before B's breach decision that is captured in e, and (2) the extra cost he should incur to complete the…

Question 1: If John picked up goods from Steve, and while tranporting them to Bob, the trailer was destroyed. Bob refuses to pay for the goods since they weren't delivered. Who pays for the goods? Question 2: Same fact as above. Steve loaded the wrong items and the goods were shipped. What happens in this situation. Question 3: If Steve sent the goods and they were stolen. They were purchased by Victoria from the theifs. Who is entitled to the goods. Steve, Victoria, or Bob. Answer these 3 questions

Last year Carol decided to open a gallery selling her artwork. She approached her sister Gemma and her friend Molly, as she knew that they were both interested in purchasing paintings for their business premises. Gemma ordered 2 paintings for her café at a total cost of £800. Molly ordered 5 paintings for her new office, which she wanted to look impressive when welcoming new clients, at a total cost of £1,000. Several months passed while Carol worked on the paintings. The final painting for Molly took slightly longer than expected, it was eventually delivered one month later than the initial date agreed. This was partly due to Carol being busier than expected, as Carol’s gallery became well-known and financially successful very quickly. Molly and Gemma, although delighted with their paintings, feel Carol ‘doesn’t really need the money’ and are now reluctant to pay for the paintings. Question  Which of the following statements regarding the agreement between Carol and Gemma is correct?…

The sale or transfer of a partner's transferable interest is a(n) act of the partner. Multiple Choice involuntary state-mandated voluntary federally mandated

Should FedEx be liable for the alleged loss of valuable rare coins when FedEx did not know what the package contained. Rykard v. FedEx Ground Package System.

If the delivery term in the parties’ contract for the sale of goods is FOB the place at what the goods originated, absent any other agreement, the buyer is responsible for making reasonable arrangements for the goods to be shipped.   true or false

Ioncorp sells cabinets nationwide to the furniture company Blinkorp. It makes an agreement that Blinkorp will only sell Ioncorp cabinets in its warehouses.      Strictly illegal   Legal   Illegal, depending on impact

True /false The variation of transport cost by FOB, CFR /CIF brings more or less costs and changes the nature of the terms. Under FOB, insurance is an obligation for importer. DAT is only for sea or inland waterway transportation mode. Institute War/Strike Clause also have independent and complete structure, but can be covered separately only after agreement from the insurer according to ICC. Under FCA, a seller is responsible for loading and unloading cargo at any agreed delivery point. Under FOB, insurance is an obligation for importer.

In relation to Consideration select the CORRECT statement:Select one:To be valid, the agreed price and the goods sold, must be of equal value.Consideration can be vague or illusory as long as it was communicated to the other partyConsideration is the exchange of something of value (a thing, a promise, money etc), given in return for something else of value (a thing, a promise, money etc)Consideration is not necessary to form a legally binding contractTo be valid, Consideration must involve payment of money, in return for something of value.