MAN Roland agreed to sell Quantum Color Corporation a used press for $405,000. According to the contract, Quantum was supposed to pay $5,000 at the time of the contract, $265,000 at delivery, and the balance of $145,000 before the press was actually used. The first two payments were made, but MAN Roland did not receive the $145,000. MAN Roland alleged that Quantum had been using the press and, therefore, that Quantum was required to pay the balance. Quantum argued that MAN Roland breached the contract by delivering nonconforming goods. Part of the contract indicated that MAN Roland would provide standard equipment and installation, but MAN Roland did not install the equipment or provide Quantum with the standard equipment. How do you think the court settled this case?
Answer to relevant QuestionsTreibacher, an Austrian vendor of hard-metal powders, agreed to two contracts with the defendant TDY to sell specified quantities of tantalum carbide (TaC), a hard-metal powder, to TDY Industries, Inc., for delivery to ...A manufacturer based in Argentina and an importer based in New Jersey entered into an oral agreement under which the importer agreed to sell the manufacturer's products in the United States. The district court found that the ...Explain what the good-faith and commercial reasonableness obligations are. The plaintiff, U.S. Bank, filed a complaint to fore- close the defendant's mortgage because the defendant had failed to pay the monthly installments on the mortgage. However, the defendant purported to tender payment for the ...Joshua Herrera found a purse in a dumpster. He contacted the owner of the purse, and it was returned to its owner. After returning the purse, Herrera returned to the dumpster. He found a check written out to "cash." Herrera ...
Post your question