Premier contracting corporation purchased some equipment

Assignment Help Operation Management
Reference no: EM131473389

Premier Contracting Corporation purchased some equipment from Capitol Equipment Inc. pursuant to a contract that contained warranties. Premier paid by issuing a promissory note to Capitol that made no reference to the purchase contract or the warranties. Capitol immediately sold the promissory note to Industry Finance Factors LLC for slightly less than face value and indorsed it over to them. Soon after delivery, Premier realized that the equipment was defective. Premier filed a lawsuit against Capitol for breach of contract. Industry Finance Factors LLC has demanded payment from Premier but Premier has refused to pay, because of the problems with the equipment.

Will Industry Finance Factors LLC be able to insist on payment by Premier Contracting Corporation despite the problems with the equipment?

Reference no: EM131473389

Questions Cloud

Solve the given case and give specified result : L'Oreal wanted to introduce a "hair cosmetic" product that gave hair a blue, green, or other vivid-color tint. L'Oreal wanted to market the product.
What is the market value of the bond : Coupon payments are made semiannually. Given the market rate of interest of 4.27 percent, what is the market value of the bond?
Value of the firm tax shield : What is the value of the firm's tax shield (i.e. the change in firm value due to the use of leverage in the capital structure)?
What is this project npv : If the cost of capital for this project is 13 %, what is this project's NPV?
Premier contracting corporation purchased some equipment : Premier Contracting Corporation purchased some equipment from Capitol Equipment Inc. pursuant to a contract that contained warranties.
Uses a periodic review system for all SKUs classified : Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as B or C items.
Provide the appropriate journal entries : BUSN2036 Financial Accounting Issues Semester 1, 2017 Assignment.
Potential cause of the bullwhip effect : Which of the following is NOT a potential cause of the bullwhip effect?
Gathering competitive marketing intelligence : What point does it cross the ethical/unethical line when gathering competitive marketing intelligence?

Reviews

Write a Review

Operation Management Questions & Answers

  Define the term operations management

Define Operations management. Explain the key concepts of Operations management with a schematic diagram. Define the term operations management. Briefly explain the strategic role of operations

  Differences between manufacturing and service organizations

What are 4 differences between manufacturing and service organizations? What are the 5 categories to describe a process used in production? What is the difference between order qualifiers and order winners? What are 4 business environment issues that..

  Adopting the pluralist perspective

Identify and discuss the frame of reference most likely adopted by the managers of Jack & Jill Clothing Manufacturers and explain how it can influence strategic employment relations decisions.

  How do these fees help move investment product

Please discuss your thoughts on the 12b-1 charge and the new fiduciary rule for advisers. How are they related? From a business perspective how do these fees help move investment product, how could this change the business?

  Which three dimensions are presented in morgan model

Which three dimensions are presented in Morgan's model of IHRM.

  Member-leader relationships-conflict and communications

Most all of you either have belonged to a group or are currently in a group or multiple groups. Thus, this discussion is focus on that experience. You are to think about a group you have belonged to for a long time. Explain your answer in terms of me..

  The market owner was able to activate the alarm

A robbery has just been committed at the Corner Market in the downtown area of the city. The market owner was able to activate the alarm, and the robber fled on foot. Police officers arrived a few minutes later and asked the owner, What is his averag..

  What is the rop

What is the ROP? What is the safety stock? The laundry firm that has the linen contract requires a 2-day lead time.

  In effort to control escalating health care insurance cost

In an effort to control escalating health care insurance costs, many companies have been encouraging employees to voluntarily improve their health by offering smoking cessation classes, weight loss programs, exercises classes and health screenings. D..

  The type of marketing approach for particular customer

Which data mining task or tasks are implied in identifying "the type of marketing approach for a particular customer, based on customer's individual profile"?

  Illustrate what is expected value of perfect information

Dick Holliday is not sure illustrating what he should do. Illustrate what is your advice to Holliday. Illustrate what is expected value of perfect information.

  Demand for notebooks at minimum cost

SilComputer needs to meet the demand of its largest corporate and educational customers for notebook computers over the next four quarters (before its current model becomes obsolete). SilComputer currently has 5,000 notebook computers in inventory. E..

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