Questions from Business Law

Q: McCoy, an Oklahoma cattle dealer, orally agreed with Chandler,

McCoy, an Oklahoma cattle dealer, orally agreed with Chandler, a Texas cattle broker, to ship cattle to a New Mexico feedlot for delivery to Chandler. The agreement was for six lots of cattle valued a...

Q: Home Indemnity, an insurance company, paid one of its insureds

Home Indemnity, an insurance company, paid one of its insureds after the theft of his car. The car reappeared in another state and was sold to Michael Schrier for $8,300 by a used car dealer. The deal...

Q: Fred Lane, who sells boats, motors, and trailers,

Fred Lane, who sells boats, motors, and trailers, sold a boat, motor, and trailer to John Willis in exchange for a check for $6,285. The check was not honored when Lane attempted to use the funds. Wil...

Q: Mike Moses purchased a mobile home, including installation, from Gary

Mike Moses purchased a mobile home, including installation, from Gary Newman. Newman delivered the home to Moses’s lot. Upon inspection of the home, Moses’s fiancée found a broken window and water pip...

Q: Regan received a letter from Chase, the material portion of which

Regan received a letter from Chase, the material portion of which stated, “Chase hereby places an order with you for fifty cases of Red Top Tomatoes. Ship them C.O.D.” As soon as he received the lette...

Q: On May 10, the Adair Company, acting through one Brown

On May 10, the Adair Company, acting through one Brown, entered into a contract with Clark for the installation of a milking machine at Clark's farm. Following the enumeration of the articles to be fu...

Q: Brown contracted to buy sixty cases of Lovely Brand canned corn from

Brown contracted to buy sixty cases of Lovely Brand canned corn from Smith, a Toledo seller, at a contract price of $1,260. Based on the contract, Smith selected and set aside sixty cases of Lovely Br...

Q: Farber owned a quantity of corn that was stored in a corncrib

Farber owned a quantity of corn that was stored in a corncrib located on Farber’s farm. On March 12, Farber wrote a letter to Barber stating that he would sell to Barber all of the corn in this crib,...

Q: Franco, a New York dealer, purchased twenty-five barrels

Franco, a New York dealer, purchased twenty-five barrels of specially graded and packed apples from a producer at Hood River, Oregon under a contract that specified an agreed price on delivery at Fran...

Q: Smith was approached by a man who introduced himself as Brown of

Smith was approached by a man who introduced himself as Brown of Brown & Co. Smith, who did not know Brown, asked Dun & Bradstreet for a credit report on Brown. He thereupon sold Brown some expensive...