Use in the construction of small boats for the u.s.

Assignment Help Management Theories

Reference no: EM131045773

Bain ordered from Marcum a carload of lumber, which he intended to use in the construction of small boats for the U.S. Navy pursuant to contract. The order specified that the lumber was to be free from knots, wormholes, and defects. The lumber was shipped, and immediately upon receipt Bain looked into the door of the fully loaded car, ascertained that there was a full carload of lumber, and acknowledged to Marcum that the carload had been received. On the same day Bain moved the car to his private siding and sent to Marcum full payment in accordance with the terms of the order. A day later, the car was moved to the work area and unloaded in the presence of the navy inspector, who refused to allow threefourths of it to be used because of excessive knots and wormholes in the lumber. Bain then informed Marcum that he was rejecting the order and requested refund of the payment and directions on disposition of the lumber. Marcum replied that because Bain had accepted the order and unloaded it, he was not entitled to return of the purchase price. Who is correct? Explain.

Reference no: EM131045773

Questions Cloud

What is the best way to minimize the weighted average cost : What is the best way to minimize the weighted average cost of capital? What is the effect of the weighted average cost of capital on the market value?

Sacrificing contribution margin : Bead's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Bead prod..

Developing policies and programs : Developing policies and programs, putting them into action, and measuring the level of their success make up an important part of the work of public managers.

What effect does this receiver behaviour on the congestion : Can you devise a way to modify TCP to avoid the possibility of senders being taken advantage of in this manner?

Use in the construction of small boats for the u.s. : Bain ordered from Marcum a carload of lumber, which he intended to use in the construction of small boats for the U.S. Navy pursuant to contract. The order specified that the lumber was to be free from knots, wormholes, and defects.

Devices be incorporated into the cdm : When would these items/devices be incorporated into the CDM?

Financing a new blockbuster movie : You are considering financing a new blockbuster movie. It will cost $90 million to make this movie (you have to pay this up front, at time t=0). There is a 70% chance it is not successful

Explain what is going on from t = 0.5 to t = 1.9 : Consider the TCP trace in Figure 6.29. Identify time intervals representing slow start on startup, slow start after timeout, and linear-increase congestion avoidance.

Trudy agrees to buy six thousand bushels : Farley and Trudy enter into a written contract whereby Farley agrees to sell and Trudy agrees to buy six thousand bushels of wheat at $10.33 per bushel, deliverable at the rate of one thousand bushels a month commencing June 1, the price for each ..

User Account

All Pages