subject
Business, 23.03.2020 21:36 saucybby

Olivia is a florist who specializes in roses.

She has a five-year written contract with Juan to sell him as many roses as he needs for his wedding chapel. Over the past three years, Olivia sold Juan between 4,000 and 5,000 roses annually. With three years remaining on the contract, Juan notified Olivia that he cannot continue to buy roses from her because of serious budget concerns. Olivia was selling the roses to Juan for $2.00 each, so her gross annual income on the contract was from $8,000 - $10,000.

Last month Ann (a new customer) emailed Olivia an order for "1,000 white stems" to decorate an event hall. The order did not specifying a particular price or flower. Ann assumed that Olivia would send roses, her specialty. Olivia instead sent orchids, the only "white stems" available at the time.

When Ann received the white orchids, she was surprised. Since Ann had no time to inquire about getting roses (as she expected), she used the orchids for the event.

Olivia subsequently billed Ann $5 each for the orchids, a price more than twice that of roses. Ann refused to pay the higher amount.

1. What contract rights and remedies, if any, does Olivia have against Juan?

2. What contract rights and remedies, if any, does Olivia have against Ann?

3. What defenses, if any, do Juan and Ann have?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:40
Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?
Answers: 1
question
Business, 22.06.2019 06:40
Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.
Answers: 2
question
Business, 22.06.2019 14:40
Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
Answers: 3
question
Business, 22.06.2019 21:20
Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.
Answers: 1
You know the right answer?
Olivia is a florist who specializes in roses.

She has a five-year written contract with...
Questions
question
Mathematics, 09.08.2019 00:10
Questions on the website: 13722363