Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need assistance with these questions please Island.Foods.in.St..Louis.wanted.to.buy-a.shipment.from.Pocasset.Food.Sales.in-Chicago. .The-sale. was-initiated.by-a.purchase.order.from.Island.to.Pocasset.stating.that.the.shipment.was-to-be.F.O.B.. St..Louis..All-of.Pocasset's.invoices.stated.Our.liability.ceases.upon-delivery-of-merchandise.to. carrier..Pocasset-delivered.the.goods.to.a-common.carrier.in.Chicago, but.the.shipment.was. destroyed-in-transit-before reaching.St. .Louis. .The-court.had.to-determine.whether.Island.or-Pocasset. was-liable for-the-loss. .The-court.most likely.held.that.the.risk-of.loss: 1 a. remained.with.Pocasset, because.under.an.F.O.B.

I need assistance with these questions please

image text in transcribed
Island.Foods.in.St..Louis.wanted.to.buy-a.shipment.from.Pocasset.Food.Sales.in-Chicago. .The-sale. was-initiated.by-a.purchase.order.from.Island.to.Pocasset.stating.that.the.shipment.was-to-be."F.O.B.. St..Louis.".All-of.Pocasset's.invoices.stated."Our.liability.ceases.upon-delivery-of-merchandise.to. carrier.".Pocasset-delivered.the.goods.to.a-common.carrier.in.Chicago, but.the.shipment.was. destroyed-in-transit-before reaching.St. .Louis. .The-court.had.to-determine.whether.Island.or-Pocasset. was-liable for-the-loss. .The-court.most likely.held.that.the.risk-of.loss: 1 a. remained.with.Pocasset, because.under.an.F.O.B. destination contract, the risk.shifts.to the. buyer.as soon.as. the goods.are. delivered.to.the. carrier. b. had.shifted.to.Island : because.Island .did not.object to the.liability.clause. C."had.shifted to.Island, 'because'under.an'F.O.B. destination contract, 'the risk shifts.to.the.buyer.as soon as the. goods are'identified.x d. remained.with Pocasset, because Island.did not consent to the.liability.clause. Hide-Feedback1 Incorrect1 Jones.Distribution.contracts.to.sell-USA.Manufacturing.5,000-widgets,-payable-on-credit-within-90- days-of-delivery..The.week.prior.to-delivery, Jones-Distribution-discovers-that-USA-Manufacturing-is. insolvent.and.may-be.filing.for.bankruptcy.soon. .Jones-Distribution:1 a, can'demand payment. in cash.prior to'shipping.the .goods. C b. must deliver.the.goods.on time.or'default.under.the.contract. C c.'may file suit.for anticipatory.repudiation, d.'can extend.the terms.for financing.in accordance with.the bankruptcy.trustee

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

Essentials Of Business Law

Authors: Anthony Liuzzo, Ruth Calhoun Hughes

11th Edition

ISBN: 1260734544, 978-1260734546

More Books

Students also viewed these Law questions

Question

Determine the mass of each substance. a. NO b. N2O4 c. Ca

Answered: 1 week ago