Case summary: The person JF purchased a baseball card from the person MS. The card was delivered in Nebraska and was kept in a safe-deposit box by the person JF. After 2 years, the person JF sent the card for authentication to PSA, a grading agency, which found the card as ungradable. The person JF informed the person MS, who replied that the card should have been returned within the seven days to the 1-month time period of its receipt. The person JF sent the card to ASA, another grading agency, for the second opinion and got the same feedback. The person JF then filed a suit against the person MS in the state court for damages. The person JF won the case and the person MS made an appeal to the supreme court.
To Find: Assuming that the person JF and MS included a written clause in their deal stating that any defect identified in the card must be notified within 7 days to 1 month of its receipt, then the result of the case and its reasoning.
Trending nowThis is a popular solution!
- 4 PTSarrow_forwardThe market price per share of a stock is $45.00, and the earnings per share (EPS) is $1.80. What is the price-earnings ratio?arrow_forwardA company reports that unit costs are: . Materials: $3.50 per unit Conversion costs: $6.00 per unit There are 5,000 units in ending work in process, which are 100% complete for materials and 60% complete for conversion. What is the total ending WIP cost?arrow_forward
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education