Discuss pride contentions

Assignment Help Business Economics
Reference no: EM131090298

Mackey orders from Pride one thousand cases of Greenie brand peas from lot A at list price to be shipped F.O.B. Pride’s city via Fast Freight Lines. Pride receives the order and immediately sends Mackey an acceptance of the order with a promise to ship promptly. Pride later separates the one thousand cases of Greenie peas and prints Mackey’s name and address on each case.The peas are placed on Pride’s dock, and Fast Freight is notified to pick up the shipment. The night before the pickup by Fast Freight, through no fault of Pride’s, a fire destroys the one thousand cases of peas. Pride claims that title passed to Mackey at the time the contract was made and that risk of loss passed to Mackey when the goods were marked with Mackey’s name and address. Discuss Pride’s contentions.

Reference no: EM131090298

Questions Cloud

The intercept of compressed demand function : The intercept of a compressed demand function is 10,000 and the coefficient of inverse demand function is – 0. 4. Calculate the following: demand curve ; total revenue curve ; profit maximizing price, when MC = $0.
Do higher saving rates affect long­run economic growth : Do higher saving rates affect long­run economic growth? Explain. Do higher investments in research and development affect long­run economic growth? Explain. Explain with the help of a graph how the efficiency wage might cause unemployment.
Quantity price demanded : Refer to the above table. Now assume there are 100 identical firms in this industry, each of which has the same cost data as the single firm described above. Suppose too that the demand curve for this industry is as shown below: Quantity Price Demand..
Different industrial fryers using annual worth calculation : Ben is choosing between two different industrial fryers using an annual worth calculation. Fryer 1 has a five- year service life and a first cost of $ 400 000. It will generate net year- end savings of $ 128 000 per year. Fryer 2 has an eight-year se..
Discuss pride contentions : Mackey orders from Pride one thousand cases of Greenie brand peas from lot A at list price to be shipped F.O.B. Pride’s city via Fast Freight Lines. Pride receives the order and immediately sends Mackey an acceptance of the order with a promise to sh..
Competitive market in the short run : Refer to the above graphs for a competitive market in the short run. Which of the following statements is true? A. The firm will increase production B. The firm is experiencing economic losses C. The firm is breaking even D. The firm is making econom..
What is the market supply curve under free entry : The daily cost of producing pizza in New Haven is C(Q) = 4Q + (Q2/40); the marginal cost is MC = 4 + (Q/20). There are no avoidable fixed costs. What is the market supply function if there are 10 firms making pizza? If 20 firms are making pizza? What..
What is the present worth of the fund : Jimmy deposits $3,200 now, $2,100 3 years from now, and $4,600 6 years from now. Interest is 7% for the first 3 years and 10% for the last 3 years. How much money will be in the fund at the end of 6 years? What is the present worth of the fund?
Affected the supply market for agriculture : In 2001, an outbreak of hoof-and-mouth disease in Europe led to the burning of millions of cattle carcasses. What impact do you think this had on the supply of cattle hides, hide prices, the supply of leather good, and the price of leather goods? Can..

Reviews

Write a Review

Business Economics Questions & Answers

  Issue of intergenerational allocation of resources

We can modify the inter period allocation model to deal with the issue of intergenerational allocation of resources. Suppose a generation is thirty-five, and we are concerned with only two generations. Demand and supply functions for oil in the prese..

  Explain how industrial regulation affects the market

Explain how industrial regulation affects the market and the entities affected by industrial regulation in terms of market structure.

  Production exhibit scale economies or scope economies

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this produ..

  Demand and supply of certain resources in australia

individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry.

  For each of the following describe some of the potential

for each of the following describe some of the potential opportunity costsa. studying for your economics testb.

  Explained by the price elasticity of demand for product

Which of the following is explained by the price elasticity of demand for a product?

  World also changed the competitive situation

State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.

  Demand and supply condition in market for unskilled labor

Demand and Supply Curves. Demand and supply condition in the market for unskilled labor are important concerns to business and government decision makers. Consider the case of a federally mandated minimum wage set above the equilibrium, or market cle..

  Subsequent linear specification

demand for its tennis balls by using the subsequent linear specification

  Imposing trade restrictions on imported steel rods

Suppose there is a policy debate regarding the United States imposing trade restrictions on imported steel rods: The president of the United States argues that the United States should threaten to impose a tariff on Chinese steel rods in order to ind..

  Q1 in the absence of a price floor the maximum price that a

q1. in the absence of a price floor the maximum price that a few of the consumers are willing to pay is 0.20 for a

  Identifying and shaping public opinion

Identifying and shaping public opinion has become a major goal of campaigns and elections. Identify and discuss the process by which people develop their political ideas. What are the four traditional agents of socialization and three additional new ..

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