Farley and trudy entered into a written contract whereby, Ask an Expert

Management Studies

Farley and Trudy entered into a written contract whereby Farley agreed to sell and Trudy agreed to buy six thousand bushels of wheat at $10.33 per bushel, deliverable at the rate of one thousand bushels a month commencing June 1, the price for each installment being payable ten days after delivery thereof. Though Farley delivered and received payment for the June installment, he defaulted by failing to deliver the July and August installments.

By August 15, the market price of wheat had increased to $12 per bushel. Trudy thereupon entered into a contract with Albert to purchase five thousand bushels of wheat at $12 per bushel deliverable over the ensuing four months.

In late September, the market price of wheat started to decline and by December 1 was $9.25 per bushel. Explain whether Trudy would succeed in a legal action against Farley for breach of contract.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92197754

Have any Question?Write your Review or question?

Related Questions in Business Management

Switches are an integral part of networks they are the

Switches are an integral part of networks. They are the devices you utilize for host connectivity to the network. Please identify and discuss an attack that takes advantage of a weakness in switches.

A recent article in the myrtle beach sun times reported

A recent article in the Myrtle Beach Sun Times reported that mean labor cost to repair a color TV is $90 with a standard deviation of $22. Monte's TV sales & service completed repairs on two sets this morning. The labor ...

Compute the cross elasticity of demand and characterize the

Compute the cross elasticity of demand and characterize the goods as complements or substitutes (Please use "Arc Elasticity" to calculate) a. Regular Flu shot offered by pharmacy Boxes of Tamu Flu sold by pharmacy Price: ...

Need help on assignment for busi 460 ubc course which focus

Need help on assignment for busi 460 ubc course which focus on critical analysis and real estate forecasting.

Suppose the production function for a firm is given

Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTS LK ).

Why are we in the golden age of technology entrepreneurship

Why are we in the 'golden age' of technology entrepreneurship? What factors are helping entrepreneurs more rapidly achieve their vision, and with a lower cost?

With respect to your use of the internet have you ever

With respect to your use of the Internet, have you ever taken a speculative risk? If yes, what was it? If no, would you ever consider taking it?

The relationship between the activities of believing and

The relationship between the activities of believing and perceiving is complex and interactive. On the one hand, your perceptions form the foundation for many of your beliefs. On the other hand, your beliefs about the wo ...

Which of the following processes translates environmental

Which of the following processes translates environmental scans and labor market analyses into specific actions to find and attract pools of candidates with the specific competencies and skill sets that the organization ...

Do you agree that the pace of technology change is

Do you agree that the pace of technology change is relentless? What do you think that means to most business professionals? to most organizations?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert