Consider the following tom owns an automotive parts store, Ask an Expert

Economics

Consider the following: Tom owns an automotive parts store for specialty vehicles in New York, New York. Pete, who lives in Newark, Delaware, owns a specialty vehicle and is in the market to buy a muffler. Pete calls Tom and tells Tom that he has 1969 Cadillac Eldorado and is looking for a silver muffler for this vehicle. Tom recommends a $600 muffler and even offers to install it for an additional $50. Pete declines Tom’s offer to install but is interested in the muffler. Tom and Pete write up a contract for the sale of the muffler to be delivered by May 1, 2015 to Pete’s address in Newark, Delaware.

Required: make an argument in favor of Tom bearing the risk of loss.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92008860

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