State all of the remedies under the uniform commercial code

Assignment Help Business Law and Ethics

Reference no: EM131388251

Sims contracted in writing to sell Blake one hundred electric motors at a price of $100 each, freight prepaid to Blake's warehouse. By the contract of sale, Sims expressly warranted that each motor would develop twenty-five brake horsepower. The contract provided that the motors would be delivered in lots of twenty-five per week beginning January 2 and that Blake should pay for each lot of twenty-five motors as delivered, but that Blake was to have right of inspection on delivery.

Immediately on delivery of the first lot of twenty five motors on January 2, Blake forwarded Sims a check for $2,500, but on testing each of the twenty-five motors, Blake determined that none of them would develop more than fifteen brake horsepower. State all of the remedies under the Uniform Commercial Code available to Blake.

Reference no: EM131388251

Questions Cloud

Design a fourbar linkage to carry the bolt : A second degree of freedom within the gripper assembly (not shown) pushes the bolt into the hole. The moving pivots should be on, or close to, the gripper assembly, and the fixed pivots should be on the base.

The difference between supply and quantity supplied : Why does the typical supply curve have a positive slope? and graphic. The difference between supply and quantity supplied. and graphic. What are the short term and long term effects of immigration on labor markets? Why does the typical demand curve h..

Determining the dividend pricing model : Based on the 2014 dividends, what price would you be willing to pay forAnnaly Capital Mgmt. Co. (NLY)if you require a return (k) of 8%? Assume a decision date of January 3, 2015.

Define your companys target market : Define your companys target market. Analyze type of consumer who will be drinking your beverage in demographic terms. Support your analysis with actual data on the size of the demographic groups in your local community.

State all of the remedies under the uniform commercial code : Sims contracted in writing to sell Blake one hundred electric motors at a price of $100 each, freight prepaid to Blake's warehouse.- State all of the remedies under the Uniform Commercial Code available to Blake.

Prepare the journal entries for transactions : Turbo Co. purchased 1,000 shares of DBC for $23 each this year and classified the investment as atrading security. Turbo sold 400 shares of the stock for $24 each. At year end the price per share of the DBC Company had increased to $26.

Design a fourbar linkage to carry the object : Add a driver dyad with a crank to control the motion of your fourbar so that it cannot move beyond positions one and three.

Who is entitled to judgment in given contention : Henry brings an action against Mary to recover the price of the car. Who is entitled to judgment? Would there be any difference in result if Henry were a dealer in automobiles?

Savings bond with face value : Isabel purchases a 10-year, 4 percent savings bond with a face value of $1,000 by paying a premium for $1,200. She gets the dividend paid yearly. Determine the rate of return she gets on the bond assuming she keeps the bond till maturity.

User Account

All Pages