Difference between the contract price and the resale price

Assignment Help Business Law and Ethics

Reference no: EM131388209

Serve best contracted to sell Emessee two hundred thousand pounds of 50 percent lean beef trimmings for $105,000. Upon a substantial fall in the market price, Emessee refused to pay the contract price and informed Servebest that the contract was canceled.

Servebest sues Emessee for breach of contract including (a) damages for the difference between the contract price and the resale price of the trimmings and (b) incidental damages. Discuss.

Reference no: EM131388209

Questions Cloud

What are the rights of the parties : Lee counterclaims, based on the terms of the contract, for liquidated damages of $25,000 (the amount of the deposit) as a result of Mrs. Kaiden's breach of contract. What are the rights of the parties?

Describe actual small business and efforts to grow business : The case describes an actual small business and the efforts to grow the business by the original owner. The case addresses a demonstration of the owner's faith by his rehiring a worker who was previously terminated.

What is a christian worldview : This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations fo..

Underlying the global financial crisis : Discuss the reasons underlying the global financial crisis that started in 2007. In particular, what was the role of mortgage backed securities in precipitating this crisis?

Difference between the contract price and the resale price : Servebest sues Emessee for breach of contract including (a) damages for the difference between the contract price and the resale price of the trimmings and (b) incidental damages. Discuss.

Portfolio composed solely of exchange traded options : Design a portfolio composed solely of exchange traded options. Discuss the potential returns and risks involved in this portfolio. Value each option and provide reasons for selecting this particular option as a part of your portfolio.

Is sothebys entitled to collect the price : Mrs. French made a down payment on the guns but subsequently refused to accept the guns and refused to pay the remaining balance of $24,886.27 owed on them. Is Sotheby's entitled to collect the price of the guns from Mrs. French?

What is the most you can pay for the stock today : Analysts expect a stock to be selling for $22 in one year. It is also expected to pay a $1 dividend during the year. If you require a 15% return on this kind of investment, what is the most you can pay for the stock today.

Examine the differences between leadership and management : You should examine the differences and similarities between leadership and management. Choose a leader you admire and write a description of this person including his or her characteristics and attributes that you admire.

User Account

All Pages