Business
Business, 23.03.2020 21:36, saucybby

Olivia is a florist who specializes in roses.

She has a five-year written contract with Juan to sell him as many roses as he needs for his wedding chapel. Over the past three years, Olivia sold Juan between 4,000 and 5,000 roses annually. With three years remaining on the contract, Juan notified Olivia that he cannot continue to buy roses from her because of serious budget concerns. Olivia was selling the roses to Juan for $2.00 each, so her gross annual income on the contract was from $8,000 - $10,000.

Last month Ann (a new customer) emailed Olivia an order for "1,000 white stems" to decorate an event hall. The order did not specifying a particular price or flower. Ann assumed that Olivia would send roses, her specialty. Olivia instead sent orchids, the only "white stems" available at the time.

When Ann received the white orchids, she was surprised. Since Ann had no time to inquire about getting roses (as she expected), she used the orchids for the event.

Olivia subsequently billed Ann $5 each for the orchids, a price more than twice that of roses. Ann refused to pay the higher amount.

1. What contract rights and remedies, if any, does Olivia have against Juan?

2. What contract rights and remedies, if any, does Olivia have against Ann?

3. What defenses, if any, do Juan and Ann have?

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 23:30, enchantednights
Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?
Answers: 1
image
Business, 22.06.2019 08:40, jade468
Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
Answers: 3
image
Business, 22.06.2019 20:50, NatalieZepeda
How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products
Answers: 1
image
Business, 22.06.2019 21:30, angoliabirtio
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
Answers: 1
Do you know the correct answer?
Olivia is a florist who specializes in roses.

She has a five-year written contract with...

Questions in other subjects:

Konu
Mathematics, 15.12.2020 19:10
Konu
History, 15.12.2020 19:10
Konu
Mathematics, 15.12.2020 19:10