Reference no: EM132226952

This following is a Business Law case analysis question. Case Analysis The primary purpose of the case analysis assignments is to develop your analytical and critical thinking skills. They also serve as an additional repetition of certain legal concepts. These mini-cases force you to identify the legal issues presented by the facts, and state the controlling rule of law. They require you to apply the law to the facts to determine who should prevail. This is commonly referred to the IRAC method: Issue, Rule, Analysis, and Conclusion. Please use the appropriate IRAC heading for each section of your answer. You should consider the motivations of the parties and consider what holding would be the most just and or the best precedent. Student work that identifies the correct legal issue, applies the appropriate rule of law, and gives logical reasons for its conclusion will receive the highest allocation of assignment points. Case Analysis 2A Electronic Seller Corp receives a purchase order for 500 Sony televisions sets from Big Retail Store. The order does not specifically state a price, but it does specifically identify the model number of the desired televisions. The order form provides for payment in cash within 90 days of receipt of the televisions. The Electronic Seller Corp’s acceptance form sets the price of the televisions at $1000 each and makes payment in cash due within 45 days of receipt of the televisions by Big Retail Store and requires 10 percent simple interest on the unpaid balance. The acceptance form is mailed to Big Retail Store when the order is processed. The purchase and order forms are both in writing and signed by the respective agents of the corporations. Big Retail Store doesn’t read the Electronic Seller Corp acceptance form until it receives an invoice for payment 25 days after the televisions are shipped. Big Retail Store thinks a reasonable price for the televisions at the time of its order was $980 each and it believes it should have the 90 days to pay. Identify the legal issues, describe the applicable laws, and then make an analysis of who should prevail. State any assumptions you make for your decision.