
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
Edition 5ISBN: 978-1305575158
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
Edition 5ISBN: 978-1305575158 Exercise 9
Catherine Joseph, who does business as Metro Classics, sold clothing to Jackson Hole Traders, a corporation owned by David and Elizabeth Speaks. Jackson Hole Traders is located in Jackson, Wyoming, and sells clothing for men and women through a retail store and mail-order catalog business. The clothing Joseph sold was specially manufactured for Jackson Hole Traders and had a total contract price of $50,000 with net 30 terms.
When the clothing items were shipped between July and September 1994, approximately 900 items were sent. Elizabeth Speaks complained about the quality of some of the clothing items when they arrived and was given a credit of $1,096 for returned merchandise. However, Jackson Hole Traders did not pay $33,000 of the total Joseph bill despite its being well past the net 30-day period for payment. When Joseph demanded payment, Elizabeth Speaks boxed up approximately 350 items of the clothing and sent them back, demanding a credit for revocation of acceptance. Joseph filed suit for payment, alleging that it was too late for revocation of acceptance. The trial court found for Joseph, and the Speakses appealed. Explain what the court could decide in the case. [ Jackson Hole Traders, Inc. v. Joseph , 931 P.2d 244 (Wyo.)]
When the clothing items were shipped between July and September 1994, approximately 900 items were sent. Elizabeth Speaks complained about the quality of some of the clothing items when they arrived and was given a credit of $1,096 for returned merchandise. However, Jackson Hole Traders did not pay $33,000 of the total Joseph bill despite its being well past the net 30-day period for payment. When Joseph demanded payment, Elizabeth Speaks boxed up approximately 350 items of the clothing and sent them back, demanding a credit for revocation of acceptance. Joseph filed suit for payment, alleging that it was too late for revocation of acceptance. The trial court found for Joseph, and the Speakses appealed. Explain what the court could decide in the case. [ Jackson Hole Traders, Inc. v. Joseph , 931 P.2d 244 (Wyo.)]
Explanation
Case summary:
Ms. CJ owns a business of ...
Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene
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