Explain the relationship between the parties under uniform

Assignment Help Finance Basics

Reference no: EM13283706

Bob, a merchant seller, had contracted with Acme U.S., to buy welding equipment. The contract stipulated that Bob would pick up the equipment from the Acme U.S. warehouse on the 14th day from the date of the contract. But Bob could not make the pick up on that date and before he could do so on the 15th day, the warehouse was burned down by juvenile delinquents. In this situation, who bears the risk of loss of the goods that were to be received by Bob? Explain the relationship between the parties under the Uniform Commercial Code in your answer.

Reference no: EM13283706

Questions Cloud

What is the current price of this preferred stock given : The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 12.0 percen..

What is the future value of these investment cash flows : Trigen Corp. management will invest cash flows of $431,509, $793,514, $1,168,212, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years.

Find the maximum distance by which healan is behind laura : In a women's 100-m race, accelerating uniformly, Laura takes 1.87 s and Healan 3.12 s to attain their maximum speeds, find the maximum distance by which Healan is behind Laura

Explain how long ago was this plant alive : In a plant fossil, you find that the C^14 has decayed to 1/16.0 of the original amount. How long ago was this plant alive? Express your answer numerically in years.

Explain the relationship between the parties under uniform : Explain the relationship between the parties under the Uniform Commercial Code in your answer.

What is the speed of the ball after it has moved downward : A small metal ball with a mass of 6.19 g and a charge of 6.15 mC is located at a distance of 0.67 m above the ground in an electric field of 11.5 N/C directed to the east

Explain ag adopts a face-centered cubic unit cell : As a solid, Ag adopts a face-centered cubic unit cell. How many unit cells are present per cubic centimeter of Ag

What is the speed in the second segment : A 1.0-cm-diameter pipe widens to 2.0 cm, then narrows to 0.5 cm. Liquid flows through the first segment at a speed of 9.0 m/s. What is the speed in the second segment

Find the equilibrium price : The marginal benefit of a product A is p=-q+100. The marginal cost is defined by the expression p=1.5q. Find the equilibrium price, equilibrium quantity, the expected revenue under these assumptions, and consumer surplus.

User Account

All Pages