Exchange international leasing corporation

Assignment Help Management Theories

Reference no: EM131045701

Consolidated Business Forms leased a Phillips business computer from Benchmark. Benchmark subsequently transferred the lease and promissory note to Exchange International Leasing Corporation. Consolidated stopped making rental payments when the computer malfunctioned, and Exchange International brought this suit to recover the payments due on the promissory note. Consolidated defends on the grounds that Benchmark prevented its agent, Mr. Spohn, from examining the contents of the agreement between the two companies and further represented that the computer would be removed with a complete refund if it failed to operate properly. Is Exchange subject to Consolidated's defense?

Reference no: EM131045701

Questions Cloud

The value of gillettes stock : Assume Gillette corporation will pay an annual dividend of 0.67 One year from now. Analysts expect this dividend to grow at 11.3% per year thereafter until the 6th year. Thereafter, growth will level of at 2.3% per year. According to the dividend-dis..

Beta is a measure of volatility : Beta is a measure of volatility. Discuss how beta is utilized by the individual investor for decision making regarding one particular stock. Also, discuss how to utilize beta when examining one particular stock to fit within a portfolio of stocks. Ap..

Important properties of information goods : a. List the important properties of information goods b. Explain positive feedback with diagrams

An investment project provides cash inflows : An investment project provides cash inflows of $1,350 per year for eight years. What is the project payback period if the initial cost is $4,250? What is the project payback period if the initial cost is $5,300? What is the project payback period if ..

Exchange international leasing corporation : Consolidated Business Forms leased a Phillips business computer from Benchmark. Benchmark subsequently transferred the lease and promissory note to Exchange International Leasing Corporation.

Interest is paid semiannually : Sunn's Co.'s bonds, maturing in 9 years, pay 15 percent interest on a $1000 face value. However, interest is paid semiannually. if your required rate of return is 11 percent, what is the value of the bond? How would your answer change if the interest..

Two bond issues outstanding-paying the same annual interest : Crawford inc has two bond issues outstanding, both paying the same annual interest of $110, called series A and series B. Series A has a maturity of 12 years, whereas series B has a maturity of 1 year. Why does the longer term (12 year) bond fluctuat..

Give a detailed sketch of this algorithm : For simplicity, assume a perfect timeout mechanism that detects a lost packet exactly 1 RTT after it is transmitted.

What will cash flows for project-before-tax operating costs : You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $60,000. The truck falls into the MACRS 3-year class, and it will be sold after three years for $20,900. Use of the truck wil..

User Account

All Pages