Discuss whether sammy may rescind the contract

Reference no: EM132077562

Question: Sammy Slurringly, owner of Sammy's Stereo Mart (a chain of electronics stores), takes John out for lunch to discuss a contract to purchase the headphones for sale in his stores. Sammy orders too many glasses of wine and gets his "wine goggles" on. John only has one glass of wine. Sammy Slurringly (pun intended) then asks John: "Okay, what's your bottom dollar price for 100,000 headphones?" John replies "$10 each." Sammy then signs a contract to purchase 100,000 headphones at $10 each. The next morning, Sammy sobers up and emails John telling him he has second thoughts and wants to rescind the contract.

(a) Advise John by explaining in detail as to any defense(s) that Sammy Slurringly may assert regarding the contract.

(b) Also discuss whether Sammy may rescind the contract

Reference no: EM132077562

Questions Cloud

Aerospace or automobile manufacturing : Identify and describe 3 or more distinct market segments within a specific industry, such as aerospace or automobile manufacturing.

While talking to her coworker binai : While talking to her coworker Binai, Corrine learns her coworker graduated from the same university as she did. Corrine had previously

Implementation of the change successful : A. Was the implementation of the change successful according to the plan?

What is the best estimate of peak discharge : A 50 foot wide river with a rectangular cross section flooded last week, With only this information, what is the best estimate of peak discharge

Discuss whether sammy may rescind the contract : Sammy Slurringly, owner of Sammy's Stereo Mart (a chain of electronics stores), takes John out for lunch to discuss a contract to purchase the headphones.

Corporate headquarters for other positions : ABC Airlines is recruiting new employees and places an ad in a trade newsletter saying they were looking for "young dynamic" employees. Out of 37 applicants

Discuss briefly net present value break-even analysis : Salt Lake Systems is a small company started by two recent college graduates to market a small-business inventory management system they developed and patented.

What type of attribution is jody supervisor : What type of attribution is Jody's supervisor making when he determines that there is something wrong with the machine?

What is the appropriate cost for retained earnings : Samsung is trying to determine the appropriate cost for retained earnings to be used in capital budgeting analysis. The firm's beta is 2.47.

User Account

All Pages