Business, 18.12.2019 05:31 EricaCox1

Clark oil agreed to sell amerada hess several hundred thousand barrels of oil at $24 each by january 31, the oil had to meet epa requirements with the sulfur content not to exceed one percent. on january 26, clark tendered oil from various ships. most of the oil met specifications, but approximately 30% of the oil contained excess sulfur. hess rejected all of the oil. clark recirculated the oil, meaning that it blended the high-sulfur oil with the rest and notified amerada that it could deliver 100 percent of the oil as specified by january 31. hess did not respond. on january 30. clark offered to replace the oil with an entirely new shipment due to arrive february 1. hess rejected the offer. on february 6. clark retendered the original oil, all of which met contract terms and hess rejected it. clark sold the oil elsewhere for $17.75 per barrel and filed suit. is clark entitled to damages? what are the arguments for clark? what are the arguments for hess? can epa step in and void the sale? note! remember contract issues of offer, acceptance, perfect tender, rejection and the like under common law and the ucc.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 16:00

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)

Answers: 2

Answer

Business, 22.06.2019 22:10

Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)

Answers: 2

Answer

Business, 22.06.2019 22:10

Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit

Answers: 3

Answer

Business, 22.06.2019 23:00

The discussion of the standards for selection of peanuts that will be used in m& ms and the placement of the m& m logo on the candies speaks to which building block of a sustainable competitive advantage:

Answers: 1

Answer

You know the right answer?

Clark oil agreed to sell amerada hess several hundred thousand barrels of oil at $24 each by january...

Questions