On November 15, the Bon Ton Corporation entered into a contract to purchase 100 leather chairs from

Question:

On November 15, the Bon Ton entered into a contract to purchase 100 leather chairs from Rudnick Manufacturing Company. Both companies are in the same city. Bon Ton prepaid 50 percent of the purchase price but then became insolvent on November 21. Rudnick learned of this insolvency on November 22 and on that same day made a formal demand on Bon Ton to return the chairs. Can the Rudnick Company recover the chairs, even though they had already been delivered to Bon Ton?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...