Business, 24.05.2021 14:00 dianamunoz580

On February 29, 2012, the Mexican restaurant Dos Hermanos placed an order with McDonald’s Farms for "delivery of 1,000 white onions, at a total price of $450, with payment due within ten days of delivery." Upon arrival of the onions on March 4, 2012 Dos Hermanos found at least 50% of the onions were rotted and believed many more were in poor condition. However, Dos Hermanos needed the usable onions badly to make fajitas for the week. So, Dos Hermanos kept the onions. Then, on March 5 2012, Dos Hermanos wrote a check to McDonald’s Farms for $200 with the words "disputed debt – payment in full" on the check. Along with the check, Dos Hermanos submitted a separate letter explaining that $200 represented a more appropriate payment given some of the onions were in poor condition.

On March 18, 2012, McDonald’s Farms cashed the check and sent a bill to Dos Hermanos for the remaining $250, with a note stating "your check is bogus." McDonald’s Farms then sues for the outstanding $250.

a. Discuss who wins, how much, and why?
b. What, if anything, could McDonald’s Farms have done differently?
c. Pursuant to the UCC, what else, if anything, could Dos Hermanos have done differently upon the arrival of the onions?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 21:00

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Answers: 3

Answer

Business, 21.06.2019 23:00

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Answers: 1

Answer

Business, 22.06.2019 08:30

Blank is the internal operation that arranges information resources to support business performance and outcomes

Answers: 2

Answer

Business, 22.06.2019 20:20

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Answers: 3

Answer

You know the right answer?

On February 29, 2012, the Mexican restaurant Dos Hermanos placed an order with McDonald’s Farms for...

Questions