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W3 W4 W5 HORSIE FARMS had a verbal contract with ACME Farms to purchase 10.000 bales of hay for $1.00 each. HORSIE FARMS PAID $400

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W3 W4 W5 HORSIE FARMS had a verbal contract with ACME Farms to purchase 10.000 bales of hay for $1.00 each. HORSIE FARMS PAID $400 down. The following week ACME Farms refused to deliver any of the hay to HORSIE FARMS. ACME Farms received a better deal for their hay and claimed because contract was not in writing - they are off the hook. Strouble a hardware store wrote an offer to Joe that they will sell a new lawn tractor to Joe for $5.000 and the offer would be good for two weeks. Strouble sold the tractor to Jill a week later for $5.500. Joe went to Strouble's and tried to accept the offer. But before he could say anything - Strouble told him they withdrew the offer to Joe. You decide}:- In the following situations, Mo parties lay claim to same goods sold. Explain which party would prevail in each situation. (a) Terry steals Don's television set and sells the set to Blake, an innocent purchaser, for value. Don learns that Blake has the set and demands its return. (b) Karlin takes her television set for repair to Orken, a merchant who sells new and used television sets. By accident, one of Orken's employees sells the set to Grady. an innocent purchaser-customer, who takes possession. Karlin wants her set back from Grady

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