Question

Dr. Tanyi ordered specialized surgical equipment from Hadden Medical Supply Co., but his order was not...

Dr. Tanyi ordered specialized surgical equipment from Hadden Medical Supply Co., but his order was not delivered by the quoted date. No other manufacturer makes the same machine. Dr. Tanyi is under no obligation to pay for the equipment when it arrives one week later.

Homework Answers

Answer #1

The person has obligation to pay.

Although it came late, the contract is still there; therefore, every obligation out of the contract must be fulfilled and making payment is one of them.

Once the supply is not made within the quoted date, the contract could have been cancelled and the payment could be stopped; but such thing was not happened here; therefore, it is implied that the customer is still waiting for the order to come and he can’t deny the payment.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
36. When John comes home from work one evening, he finds that the leaves in his...
36. When John comes home from work one evening, he finds that the leaves in his front yard have been raked and put in bags. Later, a man comes to collect for the yard work done. John refuses to pay for the work since he has never seen the man before and did not hire him to do his yard work. Which of the following answers is most accurate? a. This is an implied, unilateral contract and John must pay...
Penner Medical Products On Monday, April 14, Neil Bennett, Warehouse Manager at Penner Medical Products (Penner)...
Penner Medical Products On Monday, April 14, Neil Bennett, Warehouse Manager at Penner Medical Products (Penner) in Rockford Illinois, was concerned about rising costs and delays associated with shipments arriving from an important Canadian supplier, Stinson Distribution Company. Ken McCallum, General Manager of Penner has asked Bennett to review and analysis the situation and report back to him with recommendations by the end of the week. Penner Medical Products Penner was a family owned business which was a medical supplies...
Mugu limited is considering accepting a new order from a new client to produce 500 gas...
Mugu limited is considering accepting a new order from a new client to produce 500 gas cylinders. The Chief Executive Officer presents to you a cost estimate of the order prepared by the Chief Accountant. His advice is that, any offer below GH¢ 33,870 should not be accepted. Details of the offer is given below. GH¢ 1 Cost of equipment 8,000 2 Depreciation of building 1,600 3 Cost of plant   800 4 Cost of labour   425 5 Hiring and overheads...
Scott E. Miller, CPA, CVA has given an example of an expert witness in his article...
Scott E. Miller, CPA, CVA has given an example of an expert witness in his article entitled “You Got the Litigation Engagement, So Now What,” in The Value Examiner. Read his example and then prepare a list of mistakes that the expert made in his expert witnessing engagement. Let’s assume there is a CPA, Calvin P. Anderson. Calvin has been a practicing CPA for 15 years. He has a successful CPA firm providing a full range of traditional accounting and...
Martinez Appliance Co. manufactures low-price, nofrills appliances that are in great demand for rental units. Pricing...
Martinez Appliance Co. manufactures low-price, nofrills appliances that are in great demand for rental units. Pricing and cost information on Martinez’s main products are as follows. Item Standalone Selling Price (Cost) Refrigerator $510 ($270 ) Range 570 (280 ) Stackable washer/dryer unit 690 (400 ) Customers can contract to purchase either individually at the stated prices or a three-item bundle with a price of $1,810. The bundle price includes delivery and installation. Martinez also provides installation (not a separate performance...
10. Scott takes $10,000 from his bank account to set up a small donut-shop business. He...
10. Scott takes $10,000 from his bank account to set up a small donut-shop business. He meets with an attorney, and finds out he can set up a sole proprietorship for under $100, but a corporation would cost over $500 ($175 to the state, about $400 to the attorney). He decides on a sole proprietorship. He signs a one-year lease, and starts his business. After six months of operations, he closes the business because of much-lower-than-expected sales. After using the...
Question: What is the amount of cash received from the sale of equipment if Horizon Insurance...
Question: What is the amount of cash received from the sale of equipment if Horizon Insurance elects to outsource publishing to G-Art? Use the following case to help determine the answer: Horizon Insurance (HI) was a full-service regional insurance agency that has done all the printing and publishing of its own promotional brochures, newsletters, informational pamphlets, and required regulatory reports. Linda Wolfe, the business manager of the agency, had for some time thought that the firm might save money and...
Imagine now that you work for FinDec (Financial Decisions) Co. It’s a small firm, based in...
Imagine now that you work for FinDec (Financial Decisions) Co. It’s a small firm, based in Brisbane, which provides basic financial advice, budget planning, and retirement income strategies. Today, you are dealing with the Runkle family. The Runkles have provided some of their financial information and a set of questions. You need to prepare your answers and also get yourself organised for a meeting with them later this evening in which additional questions might be asked. 1. Meet the Runkles:...
Team 5 answer the questions What are 4 key things you learned about the topic from...
Team 5 answer the questions What are 4 key things you learned about the topic from reading their paper? How does the topic relate to you and your current or past job? Critique the paper in terms of the organization and quality. Incentive Systems             In this paper, we will focus primarily on financial rewards that companies use to attract, retain and motivate the brightest and most talented candidates in the labor market. By providing a reward system that...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons for the failure and how did the breakdown harm Nike? 2. What are the important elements to be kept in mind while implementing a new system in an organization? What is the importance of a good working relationship between partners and the sharing of responsibility in implementing critical projects? What mistakes did Nike and i2 make? 3. comment on the lessons learned and the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT