Question
On April 15th, Yummy Ice Cream Company enters into a written contract with True Moo Dairy to deliver 1,000 gallons of whole milk by May
On April 15th, Yummy Ice Cream Company enters into a written contract with True Moo Dairy to deliver 1,000 gallons of whole milk by May 16th so that Yummy Ice Cream can fulfill a customer order on May 20th. In exchange, True Moo will pay $2,000. Both parties are merchants that regularly engage in the sale of their products. What type of contract have they created on April 15th?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
