This topic contains a solution. Click here to go to the answer

Author Question: The Investment Company Act of 1940 regulates: a. open-end companies (mutual funds) b. closely held ... (Read 121 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
The Investment Company Act of 1940 regulates:
 a. open-end companies (mutual funds)
  b. closely held companies c. stock exchanges
  d. over-the-counter (OTC) exchanges e. all of the other choices

Question 2

Statute of Frauds. SNK, Inc, makes video arcade games and sells them to distributors, including Entertainment Sales, Inc (ESI). Most sales between SNK and ESI were phone orders. Over one four-month period, ESI phoned in several orders for Samurai Showdown games. SNK did not fill the orders. ESI filed a suit against SNK and others, alleging, among other things, breach of contract. There was no written contract covering the orders. ESI claimed that it had faxed purchase orders for the games to SNK but did not offer proof that the faxes had been sent or received. SNK filed a motion for summary judgment. In whose favor will the court rule, and why?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

a

Answer to Question 2

Statute of Frauds
The trial court granted a summary judgment in favor of SNK, and Entertainment appealed. The state intermediate court of appeals affirmed, holding that any agreement between the parties was unenforceable under the UCC's Statute of Frauds. The court explained that there was no written contract between the parties, and that ESI's purchase order forms did not qualify as confirmations of any oral contracts. This was because there was no proof that SNK received the purchase orders that ESI claimed to have sent.




bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jun 24, 2018
Wow, this really help


smrtceo

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library