Question: Please help to USE the Issue, Rule, Analysis, Conclusion ( IRAC ) Method. Firwood manufacturing Co had a contract to sell General Tire 55 Model

Please help to USE the Issue, Rule, Analysis, Conclusion (IRAC) Method.

Firwood manufacturing Co had a contract to sell General Tire 55 Model 1225 postcure inflators. (PCIs) PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was entered into in 1989 and by April 1990 General Tire had purchased 22 PCIs from Firewood. However, General Tire then Closed its Barrie Michigan Plant. Firewood reminded General Tire that it still had the obligation to purchase the 33 remaining units. General Tire Communicated to Firwood that it would not be purchasing the remaining ones. Firwood then was able over a period of three years to sell the remaining PCIs - some as units - and others broken down and sold for their parts. The sale of the remaining units by Firwood brought in $187, 513 less than the General Tire Contracted provided and Firwood filed suit to collect the difference plus interest.

Can Firwood recover?

Why or why not?

What rules of law apply?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

USE THE IRAC METHOD Firwood manufacturing Co had a contract to sell General Tire 55 Model 1225 postcure inflators. (PCIs) PCIs are $30,000 machines used by General Tire in its manugacturing process....

Firwood manufacturing Co had a contract to sell General Tire 55 Model 1225 postcure inflators. (PCIs) PCIs are $30,000 machines used by General Tire in its manugacturing process. The contract was...

THIS CASE MSUT BE PRESENTED IN IRAC FORMAT ONLY. Firwood manufacturing Co had a contract to sell General Tire 55 Model 1225 postcure inflators. (PCIs) PCIs are $30,000 machines used by General Tire...

Firwood manufacturing Co had a contract to sell General Tire 55 Model 1225 postcure inflators. (PCIs) PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was...

Firwood manufacturing Co had a contract to sell General Tire 55 Model 1225 postcure inflators. (PCIs) PCIs are $30,000 machines used by General Tire in its manugacturing process. The contract was...

Firwood Manufacturing Co. had a contract to sell General Tire 55 Model 1225 postcure inflators (PCIs). PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was...

Firwood Manufacturing Co. had a contract to sell General Tire 55 model 1225 postcure inflators (PCIs). PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was...

Firwood Manufacturing Co. had a contract to sell General Tire 55 Model 1225 postcure inflators (PCIs). PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was...

Firwood Manufacturing Co. had a contract to sell General Tire 55 model 1225 postcure inflators (PCIs). PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was...

Data from the Bureau of Labor Statistics indicate that in one recent year the unemployment rate in Cleveland was 7.5% and the unemployment rate in Chicago was 7.2%. Suppose that both figures are...

The existence of the merge bias in a project network. O is a matter of opinion. cannot be solved easily analytically for practical sized projects using PERT. O cannot be confirmed using PERT. none of...

Danville Industries had budgeted fixed overhead of $ 4 0 0 , 0 0 0 for budgeted production of 2 , 5 0 0 units for the year. During the year it produced 2 , 4 0 0 units and the fixed costs were as...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...