BUL 5662 Lecture Notes - Lecture 5: Gross Margin, Tracfone Wireless, Fax
Document Summary
Ball writes to sullivan and inquires how much sullivan is asking for a specific forty-acre tract of land sullivan owns. Discuss whether can hold sullivan to a contract for sale of the land. No, ball cannot hold sullivan to a contract for sale of the land. There was no intention of a definite promise to sell at ,000. Tracfone wireless, inc. , sells phones and wireless service. The phones are sold for less than their cost, and tracfone recoups this loss by selling prepaid airtime for their use on its network. Software in the phones prohibit their use on other networks. The phones are sold subject to the condition that the buyer agrees not to tamper with or alter the software. this condition is printed on the packaging. Bequator corp. bought at least 18616 of the phones, disabled the software so that they could be used on other networks, and resold them.
