A potato farmer bob agrees to sell 10,000 bags of potatoes

Assignment Help Business Law and Ethics
Reference no: EM13146610

A potato farmer Bob agrees to sell 10,000 bags of potatoes and deliver them to "Save-a-Lot Supermarkets in yellow bags with green labels. When the potatoes arrive they have red labels, which the store considers will reduce the attractiveness of the display and reduce sales. The produce manager rejects delivery and arranges another supplier, Sally's Spuds, to supply potatoes in yellow bags with green labels. Due to the short notice, Save-a-Lot has to pay 5 cents a bag more to Sally than it had agreed to pay to Bob. Bob is able to sell the potatoes to an out of town buyer but at a profit that is $1000 less than what he would have made from the deal with Save-a- Lot. Bob and Save-a-Lot sue each other for breach of contract. What outcome would you expect? Explain why.

Reference no: EM13146610

Questions Cloud

Record the journal entries for the transactions : January 5, 2008 received a charter granting the right to issue 5,000 shares of $100 par value 8% cumulative, non-participating preferred stock and 50,000 shares of $5 par value common stock. Record the journal entries for the transactions listed a..
Evaluation of adequacy of internal controls : Which is generally considered to be the primary purpose of an internal auditor's evaluation of the adequacy of internal controls.
What is the mass of sulfuric acid solution : A concentrated sulfuric acid solution is 65.0% H2SO4 by mass and has a density of 1.55 g/mL at 20°C. What is the mass of 8.00 L of the concentrated sulfuric acid solution?
Reason for establishing internal audit function : Which of the following is generally considered to be a major reason for establishing an internal audit function?
A potato farmer bob agrees to sell 10,000 bags of potatoes : A potato farmer Bob agrees to sell 10,000 bags of potatoes and deliver them to "Save-a-Lot Supermarkets in yellow bags with green labels. When the potatoes arrive they have red labels, which the store considers will reduce the attractiveness o..
How many grams of carbon dioxide will be produced : C2H4 + 3O2 = 2CO2 + 2H2O If you start with 54 grams of ethylene (C2H4) how many grams of carbon dioxide will be produced?
Simulate problem using the monte carlo process : Simulate this problem using the Monte Carlo process. Show the demand during lead time (DDLT) for 30 reorders and determine the expected demand during lead time.
Journal entry of mays finance corporation : Prepare the journal entry on July 1, 2010, for SEK Corp. to record the sale of receivables without recourse. Prepare the journal entry on July 1, 2010, for Mays Finance Corporation to record the purchase of receivables without recourse.
Compute the number of moles of ascobic acid : Calculate the number of moles of Ascobic acid in the 50.00 ml Sample. Titration Volumes of KIO3 Initial Buret reading/ml trial 1=12.54 trial 2=8.78 Final buret reading/ trial 1=38.74 trial 2=34.93 Volume of KIO used/ml trial 1=? trial 2=?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd