Asked by América Brassea on Jun 04, 2024
Verified
Jarvis Enterprises ordered 50 boxes of blueberries from Agricultural Wholesalers,Inc.Agricultural delivered 50 boxes of blackberries.Jarvis rejected the blackberries and attempted to contact Agricultural.After many unsuccessful attempts,Jarvis decided to sell the blackberries to Cold Ice Cream Co.for $500.Jarvis was ready to forward the money after deducting its expenses and a commission to Agricultural,but when Agricultural learned the sale price,it objected.Agricultural feels that the blackberries had a fair market value of $1,200,and that Jarvis sold the blackberries too cheaply.Discuss the legal rights and duties of Jarvis in this situation.
Fair Market Value
The price that a property would sell for on the open market, considering all conditions of the sale without any undue pressures on buyer or seller.
Blueberries
Small, round berries with a flared crown at one end, known for their deep blue color and sweet to tart flavor, popular in various culinary uses.
- Acknowledge the roles and rights of buyers and sellers with respect to goods that are compliant and non-compliant with the contractual agreements.
- Detail the legal avenues available for addressing breaches of contract, including specific performance and financial restitution.
- Master the seller and buyer responsibilities pertaining to the tender, delivery, and acceptance of merchandise.
Verified Answer
MU
Mounika UppalaJun 05, 2024
Final Answer :
A merchant buyer has a legal duty after the rejection of goods to follow reasonable instructions of the seller,but if there are no instructions,they must make reasonable efforts to sell the goods for the seller if they are perishable or threaten to decline speedily in value.Merchants who sell rejected goods are entitled to reimburse reasonable expenses and a commission that does not exceed 10 percent of the sale proceeds.Assuming Jarvis acted reasonably,Agricultural has no basis for complaint.
Learning Objectives
- Acknowledge the roles and rights of buyers and sellers with respect to goods that are compliant and non-compliant with the contractual agreements.
- Detail the legal avenues available for addressing breaches of contract, including specific performance and financial restitution.
- Master the seller and buyer responsibilities pertaining to the tender, delivery, and acceptance of merchandise.
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