Grocery Inc- Jeff
At the end of the summer Jeff had earned enough money for a down payment on a car. He continued to work part time during school to earn money for the downpayments for the car. Jeff purchased a car from Steve from the local used car lot. Steve did not ask Jeff his age but assumed he was the age of majority. Jeff paid the down payment and signed the contract stating that he would make payments of $200 each month. Six months later, Jeff lost his job and could not make the payments. Jeff returned the car to Steve and said he wanted to cancel the contract and that he wanted his money back.
What are the possibleoutcomes? Explain
2. Grocery Inc-Jason
Jason shipped a truckload of peaches from his orchard to Grocery Inc. using an independent trucker. In route the truck broke down and the shipment was delayed 3 days. The peaches were spoiled when they arrived. The terms of the contract were F.O.B
Who bears the risk? Explain
ScholarMatic: Explanation & Answer
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