Reference no: EM132042667
"Hogtown Hotels Inc (HHI) is about to open a new hotel in Toronto. HHI plans to open on June 1, 2018. HHI has a contract with Evyl Empire Ltd (EEL) for the purchase and sale of beds and linens for the new hotel. Pursuant to this contract, EEL is supposed to deliver the beds and linens on May 23. It is important that HHI receive the beds and linens on time in order to ensure that the hotel is ready to open its doors on June 1.
On May 3, EEL contacted HHI to advise HHI that it had oversold its inventory of beds and linens. EEL told HHI that it would not have any beds or linens available for delivery until June 8. Alternatively, the representative of EEL explained that it could make beds and linens available IF HHI was willing to pay a higher price. If HHI agreed to pay the higher price ("Price 2"), then EEL said that it would be able to deliver the beds and linens on time. Because HHI plans to open on June 1 and cannot afford to wait for new beds and linens, HHI promises to pay Price 2, the higher price."
"EEL delivered the new beds and linens on May 23. HHI signed for the beds and linens. However, when the bill came, HHI refused to pay the increased price. Instead, it submitted the original price it had agreed to in its contract with EEL. EEL was furious and it has demanded that HHI honour its promise to pay Price 2. EEL has threatened to sue HHI if it does not keep that promise."
HHI wonders if it is legally obligated to pay Price 2. It has asked you for legal advice about what legal obligations, if any, it has under the circumstances. Advise HHI."
What are is a legal issue or question because that will help me start
|
Describe the purpose of nfat as you understand it
: Describe the purpose of NFAT as you understand it, and how these tools can assist with an investigation.
|
|
Calculate the effects of borrowing
: Calculate the effects of borrowing and include the debt interest paid and the principal repayment into the income statement and cash flow statement.
|
|
How much will you have left to spend next year
: As a newly-minted MBA embarking on a career in investment banking, you must own a new car immediately. The car costs $28,320. You also have to spend $3,248.
|
|
Difference between a descriptive essay
: What is the difference between a descriptive essay, and a narrative essay?
|
|
Open a new hotel in toronto
: Hogtown Hotels Inc (HHI) is about to open a new hotel in Toronto. HHI plans to open on June 1, 2018. HHI has a contract with Evyl Empire Ltd (EEL)
|
|
Higher is the present discounted value of the firm profits
: How much higher is the present discounted value of the firm's profits under accelerated depreciation than under straight-line depreciation?
|
|
What is the favorable annual equivalent costs
: A community wants to create a park on some vacant property on the outskirts of the town (zoned commercial). They estimate the benefit to the community.
|
|
Find the expected value of the cash flow from the project
: Find the expected value of the cash flow from the project. Calculate the present value of the project’s expected cash flow.
|
|
Thoughts about the political messages embedded
: Which particular work of art 1900-1945, music, painting, architecture, murals, etc., inspire your thoughts about the political messages embedded
|