Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As a promotional gift to his clients, Hall places an order over the phone for 400 brass harmonicas engraved with his business name and logo.

As a promotional gift to his clients, Hall places an order over the phone for 400 brass harmonicas engraved with his business name and logo. Halls CFO, Oates, tells Hall this is an absurd use of money, so Hall cancels the order after the harmonicas have been produced and engraved but the day before the harmonicas are sent to him. Must Hall pay for the harmonicas?

A.

No. If Hall cancels the agreement within ten days of making the contract he will not have to pay.

B.

Yes. This is a specialty good and Hall will have to pay.

C.

No. This was an oral agreement and not enforceable.

D.

No, the agreement is not enforceable unless Hall admits at trial that the parties had a contract.

Identify the correct statement concerning Lile v. Kiesel.

A.

Having accepted the trailer offered by Lile, the Kiesels were without further recourse under the Uniform Commercial Code.

B.

Because their purchase of the trailer involved the purchase of a specialty good, the Kiesels were precluded from returning the trailer.

C.

Although they initially accepted the trailer, under the circumstances of the case, the Kiesels were entitled to revoke their acceptance and recover from Lile the money paid for the trailer.

D.

The UCC applies to the sale of motor vehicles but not to trailers because motor vehicles can move themselves, trailers cannot.

E.

Under the terms of their agreement with Lile, the Kiesels were limited as to their remedy and were required to accept Lile's offer of repair as full compensation for the non-conforming trailer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Police Auditing Standards And Applications

Authors: Allan Y. Jiao

2nd Edition

0398090750, 978-0398090753

More Books

Students also viewed these Accounting questions

Question

def fun ( a , b ) : if:

Answered: 1 week ago

Question

Describe ERP and how it can create efficiency within a business

Answered: 1 week ago

Question

Assess three steps in the selection process.

Answered: 1 week ago

Question

Identify the steps in job analysis.

Answered: 1 week ago