Question: In a contract drawn up by Booke Company, it agreed to sell and Yermack Contracting Company agreed to buy wood shingles at $6.50. After the

In a contract drawn up by Booke Company, it agreed to sell and Yermack Contracting Company agreed to buy wood shingles at $6.50. After the shingles were delivered and used, Booke Company billed Yermack Company at $6.50 per bunch of nine hundred shingles. Yermack Company refused to pay because it thought the contract meant $6.50 per thousand shingles. Booke Company brought action to recover on the basis of $6.50 per bunch. The evidence showed that there was no applicable custom or usage in the trade and that each party held its belief in good faith. Decision?

Step by Step Solution

★★★★★

3.47 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Decision for Yermack Contracting Company In the absence of an applicable custom or trade usage the c... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

110-L-B-L-C (409).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

1 (1 point) Please give yourself 30 minutes to take the practice essay. After you have submitted your practice essay quiz, you will be able to review the model answer. You may retake the practice...

In a contract drawn up by Goldberg Company, it agreed to sell and Edwards Contracting Company agreed to buy wood shingles at $650. After the shingles were delivered and used, Goldberg Company billed...

1. KU pointed out that there was no evidence that it actually violated the regulation during Jaspers period of employment. Shouldnt an employer have to act before any public policy concerns justify...

Compressive strength is a widely accepted measure to access the performance of a given concrete mixture. Considering this aspect of concrete is important because it is the primary measure determining...

1. Green was the owner of a large department store. On Wednesday, January 26, he talked to Smith and said, "I will hire you to act as sales manager in my store for one year at a salary of $48,000....

In a contract drawn up by Booke Company, it agreed to sell and Yermack Contracting Company agreed to buy wood shingles at $950 per bunch. After the shingles were delivered and used, Booke Company...

5. In a contract drawn up by Booke Company, it agreed to sell,and Yermack Contracting Company agreed to buy wood shingles at $950 per bunch. After the shingles were delivered and used, Booke Company...

In a contract drawn up by Goldberg Company, it agreed to sell and Edwards Contracting Company agreed to buy wood shingles at $ 6 5 0 . After the shingles were delivered and used, Goldberg Company...

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Acme Co. prepared an aging of its accounts receivable at December 31, 2025 and determined that the amount expected to be collected was $900,000. Additional information is available as follows:...

FASTO, a cold formed bolt supplier to the automobile industry, sells about 5,000 bolts of a certain type each month. Different types of bolts are manufactured alternately at the same machines and...

Evaluate 1 e c o s l n x x

A refrigerator has a 1000 W compressor, but the compressor runs only 20% of the time. A more energy-efficient refrigerator with an 800 W compressor costs $100 more. If you buy the more expensive...

In the following problem a shaded domain D is shown. Determine the endpoints for both fln fdydx and SIp fddy. y= x^2 y= 6- x

a1 In chromatography separated solutes are distributed between: a) adsorbent and eluent; b) sorbent and solvent, c) stationary and mobile phase; d) all answers are cottect, e) there is no correct...

Financial markets and intermediaries allow investors and businesses to reduce and reallocate risk. For a Fortune 500sized company provide 3 specific examples of how that reducing and reallocating...

Which of the following solvents is the more polar ? a) acetone (E=0.56); b) hexane (E 0.00); c) toluene (E 0.22); d) methanol (E 0.95) %3D

27. According to ASC Topic 250, Accounting Changes and Error Corrections, a change in the liability for warranty costs requires a. Presenting prior period financial statements as previously reported....

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,...

Steven offered to sell his used automobile to Benito for $7,600 cash. Benito agreed to buy the car, gave Steven a check for $7,600, and drove away in the car. The next day, Benito sold the car for...

Mobley purchased from Century Dodge a car described in the contract as new. The contract also contained a disclaimer of all warranties, express or implied. Subsequently, Mobley discovered that the...

You need some money today and the only friend you have that has any is your miserly friend. He agrees to loan you the money you need, if you make payments of $30 a month for the next six months. In...

(consider all in millions)-MVA For the fiscal year ending January 31, 2012, Targets EBIT was $5,322,* and its tax rate was 34.3 percent. Its short-term borrowings were $3,786, and its long-term debt...

Diagnostic Supplies has expected sales of 162,000 units per year, carrying costs of $2 per unit, and an ordering cost of $5 per order. a. What is the economic ordering quantity? Economic ordering...