In an FOB shipment contract, title to the goods pass to the… In an FOB shipment contract, title to the goods pass to the buyer when goods are delivered to the carrier. Read Details
For the parties to enter into an accord and satisfaction tha… For the parties to enter into an accord and satisfaction that discharges the original obligation, there must be a bona fide dispute. Read Details
“Without reserve” auctions give the auctioneer the right t… “Without reserve” auctions give the auctioneer the right to withdraw the goods from the sale process if the bids are not high enough. Read Details
In states that follow the community property tradition, prop… In states that follow the community property tradition, property acquired after the marriage belongs solely to the party who acquired it. Read Details
When a party expressly declares before the time for perform… When a party expressly declares before the time for performance arrives that the contract will not be performed, such a declaration is called an anticipatory repudiation. Read Details
If monetary damages would be an adequate remedy, then an ac… If monetary damages would be an adequate remedy, then an action for specific performance is not appropriate. Read Details
In some cases the court may require specific performance, w… In some cases the court may require specific performance, whereby the court will order the contractual performance to be carried out. Read Details
A bailee’s __________ gives the bailee the right to maintai… A bailee’s __________ gives the bailee the right to maintain possession of the bailed property until reasonable storage and/or repair charges are paid. Read Details
Which of the following is not a third-party beneficiary cont… Which of the following is not a third-party beneficiary contract? Read Details