Question
Grain Co-op, LLC, and Hearty Cereals, Inc., discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's
Grain Co-op, LLC, and Hearty Cereals, Inc., discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Hearty never replies. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay. On what basis might Grain seek enforcement of the contract?
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The answer is Refer to Fact Pattern 161 Between Grain and Hearty there is a written ...
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
10th edition
470646284, 978-0470646281
