Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Woods telephoned the Preston Oil Company requesting immediate delivery of 1,000 lbs. of silica grinding compound. The Preston Oil Company refused to sell Woods
2. Woods telephoned the Preston Oil Company requesting immediate delivery of 1,000 lbs. of silica grinding compound. The Preston Oil Company refused to sell Woods 1,000 lbs. of the grinding material because it was customary to sell the material in lots of 24,000 lbs. Woods had no immediate use for such a large quantity and agreed by telephone that if the Oil Company would ship him 1,000 Ibs. immediately, he would accept shipment of the balance in lots of 1,000 1bs. per month thereafter. The company agreed. It was further agreed that the price was to be $.25 per 1b. Shortly after the telephone conversation, the Oil Company informed Woods that it could not make delivery of the grinding compound because of prior commitments. Woods sues Preston Oil Company for breach of contract. Defense: Statute of Frauds. Can Woods recover
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started