ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Bartleby Related Questions Icon

Related questions

Question
Please correct answer and don't use hand rating
This agreement is made on.
of seller), and
"seller", of
between
[address
"buyer", of (address of
buyer]. Seller and buyer collectively are referred to as "the
parties."
Section I.
Seller will sell to buyer all timber now standing on a tract of
land identified as follows:
egal description of land]. The price of such timber will be per
ton in the amounts described as follows:
ton
8" top pine trees
6" top pine trees
10" top hardwood trees_
Section II.
per ton
per ton
_per
Buyer, without additional charge, will cut all timber covered by
this agreement and will place it on transport conveyances
provided by buyer.
Section III.
Buyer must make every effort to cut and haul to market
Section IV.
loads per day.
Payment must be made for each load of timber within
Section V.
days after receipt of that load by buyer.
Buyer must complete severance of said timber on or before
__[due date of severance].
Section VI.
If buyer does not complete severing the timber by
Jdate for completion), seller
must pay to Seller $per day as liquidated damages, and not as
a penalty, for every day's delay in the failure to sever. However,
this agreement shall terminate
__days
after the due date for severance after which time all ownership
rights of unsevered timber shall revert to seller, his heirs, and/or
assignees.
Executed at [place of execution] on [date of execution].
seller]
buyer)
[Name of
[Name of
expand button
Transcribed Image Text:This agreement is made on. of seller), and "seller", of between [address "buyer", of (address of buyer]. Seller and buyer collectively are referred to as "the parties." Section I. Seller will sell to buyer all timber now standing on a tract of land identified as follows: egal description of land]. The price of such timber will be per ton in the amounts described as follows: ton 8" top pine trees 6" top pine trees 10" top hardwood trees_ Section II. per ton per ton _per Buyer, without additional charge, will cut all timber covered by this agreement and will place it on transport conveyances provided by buyer. Section III. Buyer must make every effort to cut and haul to market Section IV. loads per day. Payment must be made for each load of timber within Section V. days after receipt of that load by buyer. Buyer must complete severance of said timber on or before __[due date of severance]. Section VI. If buyer does not complete severing the timber by Jdate for completion), seller must pay to Seller $per day as liquidated damages, and not as a penalty, for every day's delay in the failure to sever. However, this agreement shall terminate __days after the due date for severance after which time all ownership rights of unsevered timber shall revert to seller, his heirs, and/or assignees. Executed at [place of execution] on [date of execution]. seller] buyer) [Name of [Name of
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education