7. When goods are in possession of third person, delivery is complete: (a) When such third party acknowledges to the buyer that he holds the goods on his behalf (b) Even though such third party does not acknowledge (c) When the physical possession of the goods is given (d) None of the above
Q: Harriet went to Maurice’s computer shop for the first time and left her expensive laptop computer to…
A: Firstly, it's important to understand the legal concepts involved in this scenario. The key concepts…
Q: 2.) Saldo orally offered to sell a certain diamond ring to Baldo for P50,000.00. Baldo accepted the…
A: Oral contract is the type of agreement where two parties are agreed on the terms through verbal…
Q: Explain the dangers of entering into a contract with someone who is under 19 years old where you are…
A: Note: The answer has been framed in a generalized manner.A contract serves as a binding legal…
Q: Which of the following must a person prove to enforce a lost, stolen, or destroyed instrument? who…
A: When an important legal instrument, such as a check, promissory note, or other negotiable document…
Q: 4. Anderson, a farmer, orally agreed to buy a used tractor from the Copeland Equipment Company for…
A: A quasi contract is a legal obligation—not a traditional contract—which is decided by a judge for…
Q: If the seller, through words or behavior, makes promises about the goods, he has created an express…
A: Sales are an important source of income in an economy. Without sales a business cannot run or…
Q: Discuss five (5) circumstance each, that could cause termination or renewal of contract between two…
A: The objective of this question is to identify and discuss five circumstances each that could lead to…
Q: A offered to sell his automobile to B for P50,000. After inspecting the automobile, B offered to buy…
A: Contract is binding document among at least two parties legally which governs as well as designs the…
Q: Forest Running Shoes, a sneaker store, orders three hundred pair of running shoes from Mercury…
A: The concept of "identification" is crucial in the context of a sale of goods. Identification refers…
Q: Fresh Grow Farm enters into a contract with Gourmand’s Restaurant for a sale of a certain quantity…
A: Note: We are answering question no. 1 as the question that needs to be answered is not specified.…
Q: Anderson bought a sound system on display at Burton’s Appliance Store for installation at her dental…
A: The objective of the question is to determine who has the title of the goods and whether Burton's…
Q: and
A: It is a question of contract/ business law and contract law refers to an agreement between 2 or more…
Q: The “part performance doctrine” permits a buyer to enforce an oral contract for the sale of land.…
A: A contract for the sale of land can be defined as an agreement between the seller or owner of the…
Q: Smith, the owner of a craft boutique, spotted Mary's hand-carved bookends at a crafts fair. She told…
A: Promises are usually not enforceable within the the court of law .Promises doesn't involve any quite…
Q: Mr. Rafael Carrascoso is a civil engineer who was a member of a group of 48 Filipino pilgrims that…
A: Damages refer to the compensation paid by organizing by breach of contract. In the case of tort, the…
Q: James sold his 1965 e-type Jaguar car to Shirley for $18,500. During the negotiations James claimed…
A: An agreement that is mandatory by law is a contract. A promise or a number of promises that are not…
Q: Facts: On February 1, 2004, Buyer entered into a contract to buy Seller’s house in Las Vegas for…
A: The enforceability of a modification to an original contract is dependent on specific legal factors…
Q: 1. John has a lending company. In his letter mailed on September 15, he offered to sell his business…
A: The scenarios presented encompass complex legal situations, delving into contract law and the…
Q: enigno Buyer writes Francene Farmer a letter that states he is willing to purchase 1,000 pounds of…
A: In what concerns contract law, the offer and acceptance are the magnis in the inquiry and formation…
Q: St. Charles Cable TV (St. Charles) was building a new cable television system in Louisiana. It…
A: The contract refers to the legal agreement build between two or more two parties. The partner…
Q: Durham orally agreed to purchase certain computer hardware priced at $10,000 from Ted Stallings. The…
A: A uniform commercial code refers to the set of laws that mainly governs commercial transactions. It…
Q: Carl has a contract to supply Georgina with a gold necklace based on a design supplied by Georgina,…
A: The objective of the question is to determine whether Carl has committed a breach of contract, and…
Q: Provisions introduced in 2010 concerning the use of transaction were through
A: Specific clauses, regulations, or sections of a legal instrument, such as a statute, regulation,…
7. When goods are in possession of third person, delivery is complete:
(a) When such third party acknowledges to the buyer that he holds the goods on his behalf
(b) Even though such third party does not acknowledge
(c) When the physical possession of the goods is given
(d) None of the above
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- The buyer and seller were arguing over a small river rock fountain, which before closing had been sunk into the patio and cemented in place. No mention of the fountain had been made during negotiations and both sales associates believed the fountain would stay. When the buyer went by to pick up the keys after closing, the fountain was gone and in its place was a small wooden windmill and 2 plastic gnomes. The seller claimed the fountain was personal property and the buyer claimed it was a fixture. Which statement about the fountain is true? . • The fountain was purchased by the seller. It should always be his. O The fountain should have been listed by the buyer in the contract. Since it was not, it is personal property. • The method of attachment in this case was cement. Clearly the item was affixed and permanent. O Even though the fountain was cemented into the ground, it is definitely personal property and does not have to be left for the buyer.Two days after closing, The seller gives a $500 bonus to the selling agent. The agent should: a) immediately deposit check into his account b) instruct the seller to issue the check to agents broker c) cash the check and give the broker his share of the bonus d) instruct seller that bonuses are illegalMary has lost her lamb. On Sunday, she ran an ad in the local paper offering $2000 to anyone who has information that would lead to the return of her lamb. On Monday, as he was leaving his village store on a four day business trip, Noah saw a lamb behind some barrels in the alley behind the store. Since he was late, he scribbled a note with the directionsBut Mary was not home. She wrote a note and stuck it under Mary's door. Mary was despondent about her lamb and spent Tuesday night commiserating with her. Mr Matilda's not returning home until Wednesday morning. Passing by the village store, however, she heard a little bleat and could hardly believe her eyes when she saw her beloved lamb standing in front of her. Nor did she notice that the lamb, hungrier than usual, ate Chili's note that was on the floor as they entered their house on Thursday. John remembered that he had seen a lamb at the village store earlier that week and hurried over to Mary's house, only to find the lamb already…
- 1. Happy Farms, Inc. ordered 1,000 gallons of a specialty pesticide, âBerry Good,â for its berry crop. The total price of the order was $15,000. Happy Farms paid $5,000 up front and promised to pay the balance upon delivery. JA changed the order to a newer product âVery Berry Goodâ without notice to or consents from Happy Farms. Upon delivery, the head farmer at Happy Farms, Allison Kagan, noted that the product was not the same as she ordered. Later that afternoon, Kagan notified JA that the pesticide was not what she had ordered and refused to pay the balance on the shipment. Happy Farms held the boxes of pesticide, but, to date, JA has not retrieved them. What are JAâs legal options in this situation? 2. Martin Rupe worked as the manager of one of JAâs retail outlets. A customer came in and offered to buy all remaining âBerry Goodâ pesticide for…Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. Y hires a taxi and reaches X’s house at the appointed time , but x fails to perform his promise. Can Y recover any damages from X? (a) Yes, as y has suffered (b) No, as the intention was not to create legal relation. (c) Either (a) or (b) (d) None of these.Mary, a keen pottery collector, saw a notice in the Daily News for an auction at James Pottery Limited on September 30th 2022. She traveled 300 kilometers to attend the auction in order to bid for a particularly rare item the “Mozart Pottery”, specifically mentioned in the list of items to be auctioned. However, when she got to the auction site, she found a notice stating that the auction had been canceled. Mary thereafter proceeded to a nearby antique shop and saw on display in the window, the identical “Mozart Pottery” priced at $10,000. Mary told the shop owner, Anthony, that she was only willing to pay $8,000 for it. However, Anthony indicated that he is willing to sell the pottery for $9,500. Mary then indicated to him that she desires some time to think it over and after lunch she will advise him. Anthony subsequently, agreed not to sell the identified pottery, until she return after lunch. However, Anthony forgot his promised to Mary and sold it to John for $9,500 before…
- Case 5 P Corp, a retailer of women’s fashion accessories, contracted Sandra as their purchasing agent. The agency contract expressly stipulates that Sandra is not allowed to enter into contract in excess of $50,000.00 without first obtaining approval from P Corp. On a number of occasions, Sandra negotiated the purchase of quantities of costume jewellery from Z Inc for prices varying between $30,000 to $45,000.00. Recently, Sandra placed an order with Z Inc for goods at a price of $60,000.00 and without consulting P Corp. Z Inc did not question the order. Two weeks after, Z Inc received payment from P Corp. Sandra was reprimanded by P Corp and, again, reminded of her $50,000.00 limit. Despite the warning, Sandra placed another order of $55,000.00 from Z Inc. This time P Corp refuse to pay and demanded Z Inc to take back the goods. Issues: Is Sandra acting on actual or apparent authority? Is the principal bound by the action of the agent, Sandra? Please state your reasonsA8A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children around the world on Christmas Eve). In fact, he is not Santa, but he has believed this for many years. He signs his name "Santa." He signs many contracts as "Santa," and he refers to his wife as "Mrs. Claus" even though her name is actually Betty Smith. She puts up with it, because he really does believe he is Santa, and because she loves him and because his wages from his job at Hasbro toys pays the bills. One day he enters a contract with your company to hire you to build him a gigantic workshop in his backyard so he can build his toys and stable his "eight tiny reindeer." In return he will pay you $120,000 for the construction. When his wife learns of this deal, she tries to reject it because it is voidable due to his lack of contractual capacity. Was this contract voidable, or valid and enforceable? Answer the questions.
- The Case: Ben purchased a used Laptop from Smart store during the sales period. He asked the salesperson, Rodny, if the Laptop had ever been damaged. Rodny (the salesperson) had never seen the Laptop before that morning and knew nothing of its history but quickly answered Ben’s question by stating: ‘No. It has never been damaged’. In fact, the Laptop had been seriously damaged previously and, although repaired and bought during the sales, it was worth much less than the value Ben had paid. When Ben learned the truth, he wanted to return the Laptop. Smart store replied that he cannot do that because they have a legally binding agreement and as per the agreement the items purchased during the sales cannot be returned. Questions: A) Does the behavior of the salesperson, Rodny, constitute deception? If it constitutes deception please precise which type of deception and explain in detail all the elements of the type of deception selected. B) Decide, based on the analysis made under…Any risk of deterioration in the goods necessarily incident to the course of transit shall be borne by the seller. True /falseUnder the Uniform Commercial Code (UCC), which of the following remedies is available to both buyers and sellers? Select one: a. Recovering the total value of goods in the contract b. Recovering profit from the resale of nonconforming goods by the other party c. Damages in the amount of the difference between the contract price and the market price of goods d. Obtaining specific performance of the contract