Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer to the following: A. When does title to goods pass? B. Define conditional sales and identify the two types of conditions found in contracts

Answer to the following:

A. When does title to goods pass?

B. Define conditional sales and identify the two types of conditions found in contracts for conditional sales.

C. Kiang, a sales representative working for Prat’s Appliances, sold a refrigerator to Progeny. After several weeks, Progeny changed her mind and wanted to repudiate the sales contract. Her argument was that a valid contract did not exist because Kiang did not possess title to the refrigerator and therefore could not convey title to her. Will Progeny be allowed to repudiate the sales contract?

D. What is the difference between entire and divisible contracts?

E. Discuss how the delivery of shipments affects the passage of title, and how f.o.b. shipping point and f.o.b. destination differ.

F. Gagne made a good living selling snacks, hamburgers, and refreshments at athletic events. He placed a written order with Pacific Container Company for 4,000 Styrofoam containers to be used to package hamburgers. Gagne requested that delivery be made three days before the last big football game of the season, and Pacific promised to meet the date. Two days before the game, the order still had not been delivered. In desperation, Gagne ordered 4,000 similar containers from another firm. When his order from Pacific finally arrived, Gagne refused to accept delivery or to pay for it. Pacific Container sued to collect the purchase price. Is Pacific likely to collect?

Step by Step Solution

3.39 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

A Title to merchandise cant pass under an agreement available to be purchased preceding their ID to the agreement Section 2501 and unless overall unequivocally concurred the purchaser procures by thei... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Neil A. Weiss

8th Edition

321691237, 978-0321691231

More Books

Students also viewed these Marketing questions

Question

What is a relevant cost? Identify the two types of relevant costs.

Answered: 1 week ago