MAN Roland agreed to sell Quantum Color Corporation a used press for $405,000. According to the contract,

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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?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Dynamic Business Law The Essentials

ISBN: 978-0073524979

2nd edition

Authors: Nancy Kubasek, Neil Browne, Daniel Herron

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