Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Question
Chapter 10, Problem 2Q
a)
Summary Introduction
To discuss: Whether the given contracts are relating to revocation or rejection.
b)
Summary Introduction
To discuss: Whether the given contracts are relating to revocation or rejection.
c)
Summary Introduction
To discuss: Whether the given contracts are relating to revocation or rejection.
d)
Summary Introduction
To discuss: Whether the given contracts are relating to revocation or rejection.
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Palmer made a valid contract with Ames under which Ames was to sell Palmer’s goods on commission from January 1 to June 30. Ames made satisfactory sales up to May 15 and was then about to close an unusually large order when Palmer suddenly and without notice revoked Ames’s authority to sell. Can Ames continue to sell Palmer’s goods during the unexpired term of her contract?
Wolcott and Sarah, both merchants and residents of Gainesville, Florida, aspire to enter into a
contract with each other for the sale/purchase of goods. After Wolcott makes an offer to Sarah,
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acceptance states additional terms that are not present in Wolcott's offer. Nevertheless, Wolcott's
offer did not expressly limit acceptance to the terms of his offer and Sarah's additional terms do not
materially alter Wolcott's offer. If Wolcott does not give notification of objection to Sarah's terms
within a reasonable time, which of the following will occur?
O Due to the Mirror Image Rule, a contract is not founded until both Wolcott and Sarah agree to the same exact
terms.
ODue to Wolcott's failure to give notification of objection to Sarah's terms within a reasonable time, Sarah's
terms will become part of the contract.
O Sarah's additional terms constitute a rejection of Wolcott's offer and…
The H owned and operated a successful small bakery and grocery store. They spoke with L, an agent of Red Owl Stores, who told them that for $18,000, Red Owl would build a store and fully stock it for them. The H sold their bakery and grocery store and purchased a lot on which Red Owl was to build the store. L then told H that the price had gone up to $26,000. The H borrowed the extra money from relatives, but then L informed them that the cost would be $34,000. Negotiations broke off and the H sued. Can H win the case? Explain.
Chapter 10 Solutions
Smith and Roberson’s Business Law
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
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