Class Notes (811,228)
Canada (494,571)
York University (33,715)
ADMS 2610 (409)

ADMS2610 notes

4 Pages
Unlock Document

York University
Administrative Studies
ADMS 2610
Robert Levine

ADMS 2610 SECTION A EXERCISESPART 3 QUESTION 1 CONTRACTSanswer each of the following questions aA offers to sell his truck to B a minor for500000B pays the money and buys the truck but later decides he does not want itProviding your reasons advise B bA supplies vegetables to food storesToday he met with B a manager of a food store who needs to buy bushels of grapes A sells the grapes for1000 a bushel After looking at the grapes B tells A that hell think about buying the grapes from A and will let him know laterGrapes are marketable within a two week periodTwo weeks have gone by and A has heard nothing from BA now wants to sell the grapes to CAdvise A providing your reasons cA and B are talking about As very sophisticated surroundsound amplifier which A bought for800000A says he wants to sell the amplifier and B says Ill give you350000 for it A replies I cant give it up for less than550000 to which B says Ill give you 500000If A says Ill take the500000 is there a contractExplain your reasons d A wants to build a house for his daughter so he contacts B a builder and enters into a contract with B to build the house for3 hundred thousand dollarsB however does a very poor job and when the daughter moves in she complains directly to B who tells her too badThe daughter now wants to sue B Advise the daughter providing your reasons eA a developer enters into a contract with B a land owner to develop a subdivision on Bs land for 3 million dollarsThe contract is oralB allows A to begin development and so A begins to clear the land and remove the soilShortly after A begins B decides he does not want the land developed and cancels the contract with B returning Bs moneyAdvise B providing your reasons fC wants a loan and goes to B B will not give C the loan unless someone guarantees itCs brother A now orally agrees with B to guarantee the loan and B gives C the moneyWhen the loan comes due C cannot pay it so B brings an action against A on As guaranteeExplain whether C will succeed providing your reasons stgOn June 1 A in Toronto agrees to ship goods by truck to B in Montreal by June 6th at a cost of5000000The normal truck route which is least expensive is by taking highway 401 thfrom Toronto to MontrealThe truck leaves on June 5and finds that there has been a major accident on highway 401 100 miles from Montreal which has closed down the highwayIn fact the highway will be closed for at least 3 more daysThere is an alternative route which As truck can use but if it takes this route it will cost A 1000000So A tells B he is cancelling the contractProviding your reasons advise B hA Company sells surround sound amplifiers and has contracted with B Company a retailer to sell 20 amplifiers to B Company at a total cost of5000000The contract contains an exclusion clause which states that A Company will not be responsible for repairs to any amplifier that does no workWhen the amplifiers are delivered B Company finds that 15 of the
More Less

Related notes for ADMS 2610

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.