FACTS: Kendall Gardner agreed to buy a specially built shaving mill from B&C Shavings. He...
90.2K
Verified Solution
Link Copied!
Question
Accounting
FACTS: Kendall Gardner agreed to buy a specially built shaving mill from B&C Shavings. He planned to use the mill to produce wood shavings for poultry processors. B&C faxed an invoice to Gardner reflecting a purchase price of $86,200, with a 30 percent down payment and the balance due before shipment. Gardner paid the down payment. B&C finished the mill and wrote Gardner a letter telling him to pay the balance due or you will lose the down payment. By then, Gardner had lost his customers for the wood shavings, could not pay the balance due, and asked for the return of his down payment
ISSUE: Did these parties have an enforceable contract under the Statute of Frauds? Explain. [Bowen v. Gardner, 2013 Ark.App. 52, 425 S.W.3d 875 (2013)] (See the Formation of Sales and Lease Contracts.)
DECISION: Two to three sentences answering above questions.
LEGAL REASONS [2-3 paragraphs in detail supporting your DECISION.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
