footsmell shoe store, inc. entered into a separate contracts with two rising movie stars, namely anton and bart. with anton, the agreement was that the shoe store shall deliver at a specified date for the price of p10,000.00 a pair of mikee shoes which the store has been manufacturing for the general public but which at the time of the contract had already been sold out, and with bart, the agreement was that the shoe store shall deliver at a specified date for a price of p20,000.00 a pair of shoes to be made specially for him, in accordance with a design submitted by him. what is the nature of these two contracts? explain.
footsmell shoe store, inc. entered into a separate contracts with two rising movie stars, namely anton and bart. with anton, the agreement was that the shoe store shall deliver at a specified date for the price of p10,000.00 a pair of mikee shoes which the store has been manufacturing for the general public but which at the time of the contract had already been sold out, and with bart, the agreement was that the shoe store shall deliver at a specified date for a price of p20,000.00 a pair of shoes to be made specially for him, in accordance with a design submitted by him. what is the nature of these two contracts? explain.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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footsmell shoe store, inc. entered into a separate contracts with two rising movie stars, namely anton and bart. with anton, the agreement was that the shoe store shall deliver at a specified date for the price of p10,000.00 a pair of mikee shoes which the store has been manufacturing for the general public but which at the time of the contract had already been sold out, and with bart, the agreement was that the shoe store shall deliver at a specified date for a price of p20,000.00 a pair of shoes to be made specially for him, in accordance with a design submitted by him. what is the nature of these two contracts? explain.
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