Question: Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction was completed. The construction company assigned its rights and delegated its duties under the agreement to Johnson, who then built the cannery. Vickers, one of the subscribers, refused to pay the amount that he had subscribed on the ground that the contract could not be assigned. Was he correct?

Step by Step Solution

★★★★★

3.37 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Vickers was correct Because the construction of the canning factory called for the skill and expe... View full answer

blur-text-image
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)

Word file Icon

131-L-B-L-C (871).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

Johnson Controls, Inc., is a Wisconsin company that manufactures building equipment and management systems, and distributes its products worldwide through direct sales, contractors, and distributors....

Q:

In 2012, Gurney Construction Company agreed to construct an apartment building at a price of $1,200,000. The information relating to the costs and billings for this contract is shown below....

Q:

In 2007 Jeff Rouse Construction Company agreed to construct an apartment building at a price of $1,000,000. The information relating to the costs and billings for this contract is as follows....

Q:

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction...

Q:

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction...

Q:

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction...

Q:

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction...

Q:

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction...

Q:

Industrial Construction Co. wanted to raise money to construct a canning factory in Wisconsin. Various persons promised to subscribe the needed amount, which they agreed to pay when the construction...

Q:

can someone answer these asap? Contract Law Final Exam Vanessa Fayad Start: 2:02PM Question 1 (12 points) Saved On February 1, Lumber Store Owner offered to sell 2,500 board feet of 8 x 10 lumber to...

Q:

If you are not familiar with Priceline.com Inc., go to its Web site. Assume that an individual bids $60 on Priceline.com for a room in Dallas, Texas, on August 24. Assume that August 24 is a...

Q:

A solution is made by mixing 0.400M in formic acid, HCOOH, and 1.00M in sodium formate, HCOONa? Ka=1.80x10-4. The total volume is 1.00L. What is the pH of this solution upon the addition of...

Q:

6. Why are files initially stored in adjacent cylinders?

Q:

Bread Clarksburg Bakery is trying to predict how many loaves its bakers need to bake. In the last 100 days, they have sold between 95 and 140 loaves per day. At the top of the next column is a...

Q:

Stan sold goods to Bill in good faith, believing him to be a principal. Bill in fact was acting as agent for Nancy and was within the scope of his authority. The goods were charged to Bill, and on...

Q:

Green Grocery Company employed Jones as its manager. Jones was given authority by Green to purchase supplies and goods for resale and had conducted business for several years with Brown Distributing...

Q:

Stone was the agent authorized to sell stock of the Turner Company at $10 per share and was authorized in case of sale to fill in the blanks in the certificates with the name of the purchaser, the...

Q:

Problem : GPA ConverterIn the CSC 2 6 2 Course Outline, there is a Grade Table that shows the conversion from course grades in points to letter grades ( A , A - , B + , etc. ) and from letter grades...

Q:

Consider the following two assets: Asset A: expected return is 4% and standard deviation of return is 42% Asset B: expected return is 1.5% and standard deviation of return is 24% The correlation...

Q:

Northern Pacific Heating and Cooling Inc. has a 6-month backlog of orders for its patented solar heating system. To meet this demand, management plans to expand production capacity by 45% with a $5...