Reference no: EM131386310
Green owed White $3,500, which was due and payable on June 1. White owed Brown $3,500, which was due and payable on August 1. On May 25, White received a letter signed by Green stating, ‘‘If you will cancel my debt to you, in the amount of $3,500, I will pay, on the due date, the debt you owe Brown, in the amount of $3,500.''
On May 28, Green received a letter signed by White stating, ‘‘I received your letter and agree to the proposals recited therein. You may consider your debt to me canceled as of the date of this letter.''
On June 1, White, needing money to pay his income taxes, made a demand upon Green to pay him the $3,500 due on that date. Is Green obligated to pay the money demanded by White?
|
Will erwick succeed in given claim
: The contract price was for $200,000, and the final payment is $20,000. Erwick now brings suit seeking the $20,000. Will Erwick succeed in its claim?
|
|
Contract and prices are quoted in cents per bushel
: You purchased a futures contract on corn at a futures price of 350 and at the time of expiration the price was 352. What was your profit or loss? There are 5,000 bushels per contract and prices are quoted in cents per bushel.
|
|
Consider perfectly competitive market described
: Consider a perfectly competitive market described by the supply function P = 20 + 0.3Q and demand function P = 120 - 0.2Q. The total economic surplus (consumer surplus + producer surplus) generated by the good when the market is in equilibrium is
|
|
Draw a 3d model of the lamp shade
: Your proposed lamp shade design needs to be drawn in three dimensions before your supervisor will approve the design. Draw a 3D model of the lamp shade shown in Fig. 40-6. Omit the hanger.
|
|
Is green obligated to pay the money demanded by white
: On June 1, White, needing money to pay his income taxes, made a demand upon Green to pay him the $3,500 due on that date. Is Green obligated to pay the money demanded by White?
|
|
Perfectly competitive market described by supply function
: Consider a perfectly competitive market described by the supply function P = 20 + 0.3Q and demand function P = 120 - 0.2Q. If the government intervenes in the market and imposes upon firms a specific tax of t = $5 per unit of output sold, then once t..
|
|
Will ames be able to collect damages from bowen
: The next day, without knowledge or notice of Bowen's contract with Curd, Ames began construction. Bowen ordered Ames from the premises and refused to allow him to continue. Will Ames be able to collect damages from Bowen? Explain.
|
|
Write a summary about the formation of the solar system
: Select 3 articles, at least one must be from a scientific journal, to read on the topic.Write a summary on each article. Be sure to include a citations of the source in APA format and reference page in APA format.,Below are some of the things we ha..
|
|
Create a 3d face for a concrete pad under the shed
: Create a 3D face for a concrete pad under the shed. The pad measures 18'× 20' and extends beyond the shed walls evenly (5') on all sides. When you are finished, the model should look similar to the one in Fig. 40-5.
|