Question
On January 1, Mark Corporation, a manufacturer of custom cabinets, contracted in writing with Nico Corporation, a kitchen contractor, to sell 100 unique custom designed
On January 1, Mark Corporation, a manufacturer of custom cabinets, contracted in writing with Nico Corporation, a kitchen contractor, to sell 100 unique custom designed cabinets for $300,000. The contract provided that the cabinets were to be ready for delivery by April 15 and were to be shipped FOB sellers loading dock. On April 15, Mark had 80 cabinets complete and delivered them, together with 20 standard cabinets, to the trucking company for delivery to Nico. Mark faxed Nico a copy of the shipping invoice listing the 20 standard cabinets. On May 1, before reaching Nico, the truck was involved in an accident and all the cabinets were damaged beyond repair.
Answer the following questions and explain
Was the contract a shipment, consignment or destination contract?
Who bore the risk of loss on April 15?
Was the contract between Mark and Nico VALID, INVALID, VOIDABLE, or VOID?
Was Mark's shipment of the standard cabinets a breach of the contract with Nico?
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