Presti claimed that his sending the check was payment

Assignment Help Operation Management

Reference no: EM132252445

Phung orally agreed to sell a thoroughbred horse to Presti for $60,000. When Presti sent a check in payment, Phung told him that he intended to hold the check for a month for tax purposes. Phung retained possession of the horse. While the check remained uncashed, a disagreement arose between Phung and Presti. Phung announced that he would not go through with the transaction and that, because the contract was oral, it was unenforceable. Presti claimed that his sending the check was payment and this action made the oral contract valid and enforceable. Phung denied accepting payment. Is Presti's claim that that sending the check made the contract enforceable, valid?

II. Issue – What is the question of law?

III. Holding – What is your decision?

V. Reasoning – What principles of law did you base your decision on?

Reference no: EM132252445

Questions Cloud

Discuss Integration of SCM-CRM and ERP in Goody company : Discuss Integration of SCM,CRM and ERP in Goody company and SWOT analysis?

Discuss kohlberg cognitive moral development theory : Discuss Kohlberg's cognitive moral development theory. What stage do you currently think you are in and why?

How does culture get baked in to organization : How does culture get “baked in” to an organization?

Explain cps model and chain of customers concept : Explain the cps model and the chain of customers concept .how does this help facilitate an effective process orientation ?

Presti claimed that his sending the check was payment : Presti claimed that his sending the check was payment and this action made the oral contract valid and enforceable. Phung denied accepting payment.

What is the probability that the inventory of circuit boards : What is the probability that the inventory of circuit boards will be exhausted before the order is received?

What is the organizational structure of amazon : What is the organizational structure of Amazon, is it Functional, Divisional or Matrix Organzational Structure? Explain.

What would the average inventory level be for this lot size : What is the optimal number of bags per production run? What would the average inventory level be for this lot size?

Effective listening could be beneficial to your organisation : What are the signs of poor listening and explain how effective listening could be beneficial to your organisation?

User Account

All Pages