The contract executed or executory

Assignment Help Strategic Management

Reference no: EM131727111

1. Ted is a friend of Martha, the owner of a news and magazine shop. Every day, Ted spends 30 minutes in Martha’s store, looking at the newspapers and magazines. He usually buys one or two papers. One afternoon, Ted goes into the shop, looks at the racks, and picks up a newspaper, priced at $2. Ted waves the paper at Martha and leaves the shop. Is there a contract? If so, discuss its formation, any performance, and the parties’ enforceability?

2. On May 1, ABC Inc. and XYZ, Inc.., orally agree that ABC Inc. will pick up from EFG, Inc. and deliver to XYZ, Inc.’s manufacturing plant a certain number of chocolate chips on the last day of each month until November 31st.. Under the agreement, XYZ, Inc. will pay for the delivery services on the middle day of each month following each delivery. On May 1, is this contract express, implied in fact, or implied in law? On November 31st , after all of the deliveries have been made, is the contract executed or executory?

Reference no: EM131727111

Questions Cloud

Use of ethical standards in management communications : Ethical Behavior In a 250-300 word response, relate an organizational example of the use or lack of use of ethical standards in management communications.

What is reliability of the system : All three parts must operate to perform its intended function. What is the reliability of the system.

How the free cash-flow method can be used : How the free cash-flow method can be used when a company is profitable yet the cash-flow values are expected to be negative over the next five years.

Determining the compounding annually : In 1995, John bought a Pepsi Co.'s 30-year zero-coupon bond with the $10,000 par at 8% APR, compounding annually. How much did John pay for this bond in 1995?

The contract executed or executory : On November 31st , after all of the deliveries have been made, is the contract executed or executory?

How can information in this article be applied to your field : Loceate a peer-reviewed article that discusses research in an organization. Summarize the article with an eye on the author's main point.

Discuss where does each gospel start its story of jesus : Where does each Gospel start its story of Jesus. How might this be significant

Share prices are unbiased measures of fundamental value : Because of competition among investors, information gets incorporated quickly into share prices, and share prices are unbiased measures of fundamental value.

Discuss virtuous as someone with average intelligence : who is lacking in mental prowess is automatically unable to be as virtuous as someone with average intelligence

User Account

All Pages