Webster, Inc., dealt in automobile accessories at wholesale. Although it manufactured a few items in its own factory, among them windshield wipers, Webster purchased most of its inventory from a large number of other manufacturers. In January, Webster entered into a written contract to sell Hunter 2,000 windshield wipers for $1,900, delivery to be made June 1. In April, Webster’s factory burned to the ground and Webster failed to make delivery on June 1. Hunter, forced to buy windshield wipers elsewhere at a higher price, is now trying to recover damages from Webster.
REQUIRED:
Explain whether Hunter will be successful in its claim? Why or why not?
Webster, Inc., dealt in automobile accessories at wholesale. Although it manufactured a few items in its...
CASE Parts Emporium Parts Emporium, Inc., is a wholesale distributor of automobile parts formed is on hand, the firm's customer service is inadequate. Parts Emporium tries to by two disenchanted auto mechanics, Dan Block and Ed Spriggs. Originally backorder the customer orders not immediately filled from stock, but some 10 located in Block's garage, the firm showed slow but steady growth for percent of demand is being lost to competing distributorships. Because stock 7 years before it relocated to an...
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Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...
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