Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On November 20th, Boba offered to sell to Cyndi her Pontiac automobile for $6,000. Cindy, who is currently employed as a mid-level manager at Best

On November 20th, Boba offered to sell to Cyndi her Pontiac automobile for $6,000. Cindy, who is currently employed as a mid-level manager at Best Shoes Ever, informed Boba that she wanted the car, and she would pay for it by assigning to Boba her next paycheck (due on 12/1). Boba said yay, and they signed a valid written contract on 11/21. The contract clearly specified the date for delivery (12/2), and a method of payment (the assignment related to Cindys 12/1 paycheck). Subsequently, Cindy had a coffee with her best friend, Monica, and Monica told her that Pontiacs break down easily and she should not buy a Pontiac. Cindy said, but what about the contract I signed? Monica said, dont worry about that, assignments of rights like the one in your contract are not legally enforceable, dont you remember Prof. Tokics BLAW class? Helllooo? Cindy? Is Monica right? Please discuss the relevant law.

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

Leading The Internal Audit Function

Authors: Lynn Fountain

1st Edition

0367568004, 9780367568009

More Books

Students also viewed these Accounting questions