Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

Allan enters into a contract to purchase 1,000 yards of fabric. The contract states that the fabric is to be delivered to Allans place for

Allan enters into a contract to purchase 1,000 yards of fabric. The contract states that the fabric is to be delivered to Allans place for business on or before July 1. After repeated requests, Smitty has failed to set a price for the fabric.

Is it an enforceable contract?

What are the two options available to Allan?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Options Trading For Beginners How To Generate Predictable Income And Make A Living Without Taking Big Risks Even If You Re A Complete Beginner

Authors: Greg Middleton

1st Edition

979-8866955046

More Books

Students also viewed these Finance questions

Question

Which of the following describes course correction for organizations committed to integrated innovation? a. It is an effective strategy to support risk taking and open discussion of the realities of...

Answered: 1 week ago

Question

★★★★★

Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an effort to provide quality service, he has concentrated solely on the design and installation of upscale...

Answered: 1 week ago

Question

★★★★★

Allan enters into a contract to purchase 1,000 yards of fabric. The contract states that the fabric is to be delivered to Allans place for business on or before July 1. After repeated requests,...

Answered: 1 week ago

Question

★★★★★

The adjusted trial balance for Rowdy Profits Corporation reports that its equipment had cost $230,000. For the current year, the company has recorded $27,600 of depreciation, which brings the total...

Answered: 1 week ago

Question

★★★★★

1.The following data appeared in the accounting records of Manuel Manufacturing Company, Inc., which uses the weighted average cost method . Started in process12,000 units Finished and transferred...

Answered: 1 week ago

Question

★★★★★

A law firm's controller, Mary, has determined it has direct labour for both lawyers and support staff, as well as overhead that consists of office rent and utilities. Normally, lawyers and support...

Answered: 1 week ago

Question

★★★★★

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA...

Answered: 1 week ago

Question

★★★★★

The Hotel California found that it frequently turned down a customer in the lobby because a room was reserved for a customer who never showed up. The manager felt that the hotel's policy of...

Answered: 1 week ago

Question

★★★★★

Develop a DM solution for saving the cost of a direct marketing campaign by reducing false positive (wasted call) and false negative (missed customer) decisions. Working on this assignment, students...

Answered: 1 week ago

Previous Question Next Question