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Category > Management Posted 07 Oct 2017 My Price 10.00

Contract analysis scenario tworemedies determination: Mundo manufactures printing presses

Contract analysis scenario two—remedies determination: Mundo manufactures printing presses. Extra, a publisher of a

local newspaper, had decided to purchase new presses. Rep, a representative of Mundo, met with Boss, the president of

Extra, to describe the advantages of Mundo's new press. Rep also drew rough plans of the alterations that would be

required in Extra’s pressroom to accommodate the new presses, including additional floor space and new electrical

installations, and Rep left the plans with Boss.

On December 1, Boss received a letter signed by Seller, a member of Mundo's sales staff, offering to sell the required

number of presses at a cost of $2.4 million. The offer contained provisions relating to the delivery schedule, warranties,

and payment terms but did not specify a particular mode of acceptance of the offer. Boss immediately decided to accept

the offer and telephoned Seller's office. Seller was out of town, and Boss left the following message: "Looks good. I'm

sold. Call me when you get back so we can discuss details."

Using the rough plans drawn by Rep, Boss also directed that work begin on the necessary pressroom renovations. By

December 4, a wall had been demolished in the pressroom, and a contract had been signed for the new electrical

installations.

On December 5, the President of the United States announced a ban on foreign imports of computerized heavy

equipment. The ban removed—from the American market—a foreign manufacturer that had been the only competitor of

Mundo. That afternoon, Boss received an email from Mundo stating, "All outstanding offers are withdrawn." In a

subsequent telephone conversation, Seller told Boss that Mundo would not deliver the presses for less than $2.9 million.

In a minimum of a 1,000-word contract analysis, discuss the following questions: Was Mundo obligated to sell the presses

to Extra for $2.4 million? Assume Mundo was so obligated. What are Extra’s rights and remedies against Mundo?

Cite any direct quotes or paraphrased material from outside sources. Use APA format.

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QuickHelper
(10)
Status NEW Posted 07 Oct 2017 06:10 PM My Price 10.00

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