The issue is whether John can recover the deep discount offered to Charles for the goods sold. Under section 3 of the Sale of Goods Ordinances (SOGO), the contract of sale between John and Charles is existed. John, who is the seller, transfers or agrees to transfer the property in goods to Charles, who is the buyer, for a money consideration, which is $700,000. The consideration must be sufficient but need not be adequate which means that the consideration is valid in this case. Since John needed $700,000 to raise funds, the goods sold at that time were sufficient for John. When an offer is accepted, an agreement comes into existence, which cannot be revoked. John agreed and sold some of his stock to Charles for a ridiculously low price, …show more content…
John promised to sell some of his stock to Charles with lower price in order to raise funds when they made the agreement. When John sold the stock to the counter-party, John needed cash from liquidation in a short time. In fact, the stock can be sold with a higher price, but what John needed timely fund for repayment of the debt. Besides, it was not necessary for John to sell his stocks to Charles as John had the right to choose the buyer. However, John sold his stocks to Charles because Charles could make the payment within a short time, but not the full value of the stocks, which can help John to repay his debt on time. Therefore, although the selling price of the stock is not adequate to recover the full value of the stock, it is sufficient because the payment from Charles was timely to satisfy John’s demand of fund raising which other buyers may not be able to provide. To John, even if he could sell the stocks with higher price with more gain, but it is useless if he could not find the buyer or get the payment in time. Thus, what made the consideration from Charles sufficient is the timely fund rather than the full value of the stocks, which is urgently required by John to make repayment. As in the case Combe v Combe (1951), John, therefore, cannot deny the low price for the goods which Charles had relied. For an agreement, it is a promise made with
11:00am- IRTC spoke with assigned CPS, Chantel Palmer, who indicated that the current case was called in because of the incident that was already reported during the prior investigation. CPS voiced that the subject child was expected to receive a STD test as a precautionary measure. CPS stated that there is no new information that was reported that was not already previously investigated. IRTC informed CPS to alert IRTC if the subject child test positive for an STD.
The victim's daughter is her legal caretaker but refuses to provide proper care for her mother. The victim has been diagnosed with dementia, she's a stroke patient, she's forgetful, has difficulty ambulating and needs assitance, she has undiagnosed mental health issues, but she's able to perform her daily adls. The victim has been left to live alone and has not had contact with her daughter in 12-13 years. The victim forgets to eat, bathe, pay her bills, and take her medication. The victim has also gotten into her car in the past and drove to the get; Ms. Lutrick did not know where she was or how she got into her car. The victim refuses medical care and also refuses take her medications. At this time the victim lives alone and nursing home
Michael was seen today following his HRCT scan of his chest and lung function tests. The HRCT showed mild emphysema and an incidentally noted 4mm right middle lobe pulmonary nodule. There was the incidental finding of an aneurysm or dilatation of the celiac axis and probably the common hepatic artery, though this wasn't completely imaged. We were hoping for an echocardiogram, though he is on the wait list for this to happen at the Austin Hospital.
Facts: This case concerns trover, an action at common law to recover the value of personal property which was disposed of improperly by another. It concerns the market value of 242 cords of timber, which was harvested from public land given to an Indian reservation. The timber was cut when those that cut the timber knew it was Indian property on Indian land. The timber was sold by defendant in another town to an awaiting purchaser for value.
A weakness is made by the way that John require just present a rundown of records and adds up to be charged to renew the unimportant money store. The supporting documentation for the frivolous money payment additionally ought to be submitted with John's rundown and looked into by another person. Astonishment numbers of the store additionally ought to be made to guarantee that the trust is being kept up on an imprest premise, that is, to guarantee that money and/or Receipts Square with $200 at all times.
I strongly recommend that USNATO enters into a lease contract with Anytime PC, Inc. Anytime PC was selected as the best nation-wide computer supplier. Anytime PC also offers a full-service equipment service option. After analyzing both the purchase and lease options, a 24-month operating lease will allow USNATO to lower our operating expenses. Additionally, the lease option strengthens our financial leverage by becoming claimable operating expenses.
On Tuesday January 24, 2017 while present at Group #31 office, I received and reviewed the CCRB case closing as it pertains to the above allegation. After a complete investigation CCRB was unable to identity any of the subject officers in this case. Thus, the case was closed as unable to identify.
ACCR 150102 is a part of several state complaints and appeals. We have been reference the ACCR as proof that we have a forth coming fix. This ACCR was entered in Aug 01. Is there anyway, you have this completed in the next 2 weeks? The state and providers are pressing us to get this done.
It really doesn’t get better than this. T-Mobile 1Q16 results were good…again. For an industry that is competitive and mature, the company has done an incredible job of continuously adding subscribers and taking market share from industry leaders AT&T (NYSE:T) and Verizon (NYSE:VZ), and overtaking its nearest competitor Sprint (NYSE:S) last year.
Najat recently had an Ergotron sit-stand apparatus installed at her desk. She requested assistance to be properly set-up at her workstation.
On 6th September 2006, Whirlpool completed the sale Amana Commercial Microwave Business to Aga Food Services Inc. for an approximated amount of $49 million. However, as part of the sale deal, the company retained particular liabilities. Some of the liabilities include those related to annuity strategies for employees who are both working and superannuated ensued to the day Amana was sold. Also, on the 23rd of October, the company sold Dixie-Narco to Crane Co. for an approximated $46 million. Also, in this sale, the company retained the certain liabilities, which include the same pension liabilities in addition to environmental liabilities (Edmonds, Olds & Tsay, 2008). However, the two (Amana and Dixie-Narco) were part of the sales of portions
AIG or American Insurance Group is a large insurance company that played a big role in the 2008 financial crisis in which the US government need to bail it out to survive for around $200 billion. It is through its subsidiary AIG financial products that they maintained an accumulated indirect exposures in real-estate-backed debt securities in terms of OTC credit protection on obligations with collateralized debt. Since AIG is at a credit rating of AAA, they are not actually required to post collateral at the time contracts were made. CSA and AIG agreed that it is when their credit rating will be downgraded; they will comply to post collateral then. So as September 2008 went through, they have a credit rating down by 3 levels. So since the insurance
Abernethy and Chapman would be susceptible to some risks if they took on Lakeside Company as a client. However, some of these risks such as not knowing the client’s history and disagreements on auditing policies is common in these sorts of engagements. If Abernethy and Chapman do not take on these types of clients, there wouldn’t be many potential clients left. This is where estimating materiality helps determine whether it is worth working with the client in question. The lower the materiality level is, the greater the audit risk and vice versa. After reviewing the predecessor auditor, legal liability and the other, above, quantitative and qualitative considerations, I have determined Lakeside Company has an above average amount of risk. Therefore,
As an intending shareholder in the company, she relied on the information given to her by Mr Freeburn, and acquiesced in his negotiating on behalf of them both in making arrangements for the credit facility and for the giving of the guarantee in connection with that facility. The appellant's case is that the creditor's duty to disclose to the surety unusual and unexpected features of the transaction between the creditor and the debtor extends, in circumstances such as those which existed in the present case, to the disclosure to one co-surety of adverse information acquired by the creditor concerning the financial worth or credit-worthiness of another co-surety. On the other hand the respondent submits that the duty does not go so far and that it is limited to the disclosure of unusual and unexpected features in the transaction which is the subject of the guarantee or in the relationship between the creditor and the debtor. Obelon was entitled to assume that the appellant was aware of Freeburn's financial position and that, being aware of it, she was prepared to enter into the guarantee. And, quite apart from the finding made by the primary judge, there is the circumstance that, generally speaking, a co-surety as well as the creditor may reasonably be expected to make his or her own inquiries
What would be Bob’s action if he decides not to be a part of this lumber sale?