Is farmer nelson a merchant

Assignment Help Business Law and Ethics
Reference no: EM131166206

An agricultural cooperative sued Carroll Nelson for breach of contract under UCC Article 2. Nelson was a Texas wheat farmer and had an oral contract with the cooperative for the purchase of his wheat. The cooperative had forwarded to Nelson a written confirmation of the agreement, but Nelson did not acknowledge or sign any confirmation. When the cooperative initiated the lawsuit, Nelson raised the statute of frauds as a defense. He claimed that because he was not a merchant, a signed memorandum with his signature of some sort was needed for the contract to be enforceable. The cooperative claimed that because Nelson was a merchant, the unobjected-to memorandum satisfied the statute of frauds for agreements between merchants. Is farmer Nelson a merchant?

Reference no: EM131166206

Questions Cloud

Is a project that a systems analyst might be involved in why : How might a company really determine the return on investment for server virtualization? Is this a project that a systems analyst might be involved in? Why or why not?
What is the probability that this accountant has mba degree : what is the probability that this accountant has an MBA degree or at least five years of professional experience, but not both?
What are the officers may be on the nominating committee : If the officers must be different people, and if no officer may be on the nominating committee, in how many ways could the officers and nominating committee be chosen? Answer the same question if officers may be on the nominating committee.
How do the issues affect the projects feasibility : What legal issues might arise from having only "digital signatures" or only electronic/paper copies of documents instead of physical documents? How do these issues affect the project's feasibility?
Is farmer nelson a merchant : He claimed that because he was not a merchant, a signed memorandum with his signature of some sort was needed for the contract to be enforceable. The cooperative claimed that because Nelson was a merchant, the unobjected-to memorandum satisfied th..
What is the depreciation tax shield for project : The machine falls into the MACRS 7-year class life category. Assume a tax rate of 40% and a discount rate of 16%. What is the depreciation tax shield for this project in year 7?
List things that influence technical feasibility of system : List three things that influence the technical feasibility of the system. How can you learn more about the issues that affect the three kinds of feasibility?
Did gupta properly raise the defense of impossibility : Gupta, however, argued that the events of September 11, 2001, resulted in immense losses to the airline industry and that performance of the loan agreements (i.e., repayment) was impossible. Did Gupta properly raise the defense of impossibility? W..
Equity in the computation of team wacc : If the common shares are selling for $4.90 per share, the preferred shares are selling for $16.9 per share, and the bonds are selling for 98.81 percent of par, what would be the weight used for equity in the computation of Team's WACC?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Review the nasw code of ethics

For this Discussion, select one of the case studies from this week's Readings. Review the NASW Code of Ethics. Consider whether the behavior of the social worker in the case demonstrated competence in accordance with the NASW Code of Ethics

  Principal roles and functions of police organizations

Identify the principal roles and functions of police organizations and their role as it applies to the law. Describe various types of police agencies at the local, state, and federal level and the roles and functions of each

  Discuss critically the extent to which you acept the concept

"Discuss critically the extent to which you accept the concept of corporate social responsibility"

  Discuss how administrative agencies like the securities and

in the summer of 2012 jpmorgan chase the biggest u.s. bank announced trading losses from investment decisions made by

  Explain the genetic or physiological evidence

Write a 1,400- to 2,100-word paper discussing the genetic or physiological evidence that supports the notion that biology played a key role in explaining the offender's criminality

  What is a businesss obligation to build an ethical culture

what is a businesss obligation to build an ethical culture and balance its desire for profit with ethical

  Dscribe the legal limitations associated with combating

write a 1050- to 1750-word paper using definitions principles and theories from previous assignments in which you

  How the historical development of right to counsel relates

analyze two cases involving right to counsel and document your observations in a 7- to 10-slide microsoftreg

  Differences between an intentional tort

1.  Other than "intent" what are he differences between an intentional tort and one that is not intentional?  for example, do they have different standards of proof? Different consequences? Other differences? Thoughts?

  Discuss the inherent powers of the court

Consider AND Discuss: the inherent powers of the court, rights of the child and obligations and wishes of the parents

  Examine the historical evolution of the panopticon

Examine the historical evolution of the Panopticon (all-seeing prison style) developed by Jeremy Bentham and the impact of this style on modern system architecture and the use of closed-circuit television (CCTV) cameras

  Discuss the concept of judicial review

Write a 700- to 1,050-word paper in which you discuss the roles of law and courts in today's business environment. Differentiate the federal court structure with your state's court structure. Discuss the concept of judicial review

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