This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Able Company contracted to sell to Baker Company 400 barrels of chemical C for $1200. Able Company ... (Read 412 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Aug 7, 2021
Able Company contracted to sell to Baker Company 400 barrels of chemical C for $1200. Able Company assigned the entire $1200 in writing to Mr. Long, who sent a letter informing Baker Company of the assignment and directing Baker Company to forward money to him instead of Able Company. Unbeknown to both companies, at the time of the contract, the ship carrying the chemical had sunk and all cargo was lost. Which of the following is true?
◦ Mr. Long will receive part payment.
◦ Since Able Company has breached the contract, it pays compensation for the damages of both Baker Company and Mr. Long.
◦ The assignment to Mr. Long would fail to be a statutory assignment.
◦ Mr. Long, the assignee, will receive $1200 from Baker Company.
◦ Mr. Long will receive nothing from Baker Company because nothing is owed to Able Company.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lb_gilbert on Aug 7, 2021

Galvarado142

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


LoasHerpolas

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 19, 2023
Thank You


« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mus
The U.S. military uses its own marking system to identify explosive hazards (left), chemical hazards ... The U.S. military uses its own marking system to identify explosive hazards (left), chemical hazards ...
Alcoholic fermentation Chemical Equation Alcoholic fermentation Chemical Equation
The chemical structure of the water molecule facilitates life The chemical structure of the water molecule facilitates life
IPM combines biocontrol and chemical methods IPM combines biocontrol and chemical methods
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
Video: Glycolysis Animation

For a complete list of videos, visit our video library