Terminal Grain Corporation brought an action against Glen Freeman, a farmer, to recover damages for breach of
Question:
Terminal Grain Corporation brought an action against Glen Freeman, a farmer, to recover damages for breach of an oral contract to deliver grain. According to the company, Freeman orally agreed to two sales of wheat to Terminal Grain of 4,000 bushels each at $1.65 a bushel and $1.71 a bushel, respectively. Dwayne Maher, merchandising manager of Terminal Grain, sent two written confirmations of the agreements to Freeman, who never made any written objections to the confirmations. After the first transaction had occurred, the price of wheat rose to between $2.25 and $2.30 per bushel, and Freeman refused to deliver the remaining 4,000 bushels at the agreed-upon price. Freeman denies entering into any agreement to sell the second 4,000 bushels of wheat to Terminal Grain but admits that he received the two written confirmations sent by Maher. Decision?
CorporationA 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...
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Essentials of Business Law and the Legal Environment
ISBN: 978-0324303957
9th edition
Authors: Richard A. Mann, Barry S. Roberts