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Law/421 Grocery, in Case Scenario

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Submitted By Reason2014
Words 447
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Grocery, Inc.
Case Scenarios
Learning Team
Law/421 Contemporary Business Law
University of Phoenix November 2014

Grocery, Inc. Uniform Commercial Code UCC
Merchant and Individual

 The UCC does not provide for merchant and individual contract agreements.

Contracts

UCC and the Buyer
 The UCC provides protection for the buyer.

 Promote commercial efficiency by providing standardized procedures.

Week_5 Learning Team "C" Case Scenario Grocery, Inc.

11/16/2014

2

Grocery, Inc. (Renovations)
• • • •
Hiring other companies to perform work Performance guarantee and expectations Delegation of duties Final outcome between Company A versus Company B in the Renovations dispute.

Week_5 Learning Team "C" Case Scenario Grocery, Inc.

11/16/2014

3

Grocery, Inc. (Jeff)
Jeff was 17 when he bought car Paid down payment and $200 for six months Lost job and went to dealer to cancel contract

Week_5 Learning Team "C" Case Scenario Grocery, Inc.

11/16/2014

4

Grocery, Inc. (Jeff)
• Dealership cannot enforce contract • Jeff can avoid contract • Dealership gets car • Jeff may owe more money • Jeff may recover some money

Jeff is still 17

• Contract is enforceable • Dealership Jeff is keeps money now 18 • Jeff keeps car unless repossessed

Week_5 Learning Team "C" Case Scenario Grocery, Inc.

11/16/2014

5

Grocery, Inc. (Cereal, Inc.)
• Gap Filling Provisions of UCC Article 2
• Risk of loss stays with seller until delivery. • Rejection of goods from the Buyer.

• Remedies available to Grocery, Inc. (Buyer)
• Reject the goods • Recover damages • Obtain cover goods

• Remedies available to Cereal, Inc. (seller)
• Withhold delivery of future goods • Resell the goods • Recover lost profit
11/16/2014 6

Week_5 Learning Team "C" Case Scenario Grocery, Inc.

Harry and Tom Breach of Contract


Tom

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