Question
IRAC is appreciated but not necessary. I can format and add more detail, just need help with main laws. Battle of the Forms Hiram Paint
IRAC is appreciated but not necessary. I can format and add more detail, just need help with main laws.
Battle of the Forms
Hiram Paint Company mailed a purchase order to ABC Can Company requesting 50,000 new paint cans.The order form contained a condition stating, "The buyer may reject any defective goods within 20 days of delivery."ABC sent a return letter confirming the order.The letter contained a condition stating, "An objection to goods shipped must be made in writing within 4 days of receipt of the goods."On the 8th day after receipt of the cans, Hiram filed an objection because 5,000 cans were defective.Applying the IRAC method, discuss whether Hiram's objection was legally valid.
Determining Priority
Ramirez bought some used manufacturing equipment from Hurdle for $3,000, paying $1,000 in cash and the balance in a promissory note secured by a security agreement. Before Hurdle filed the financing statement, Ramirez used the equipment as collateral to obtain a loan from Allen, who immediately filed a financing statement.If Ramirez does not repay the loans, who has first priority in the equipment, Hurdle or Allen (IRAC not required)?
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