+
CROSS STATE TRUCKING COMPANY OFFERED TO LEASE TEN...

CROSS STATE TRUCKING COMPANY OFFERED TO LEASE TEN...

Rating:
Rating
(0)
Author: Carol 96
Description:

Click link for more description

http://theperfecthomework.com/cross-state-trucking-company-offered-to-lease-ten-tractor-trailers-from-aspen-leasing-a-company-that-deals-with-such-trucks/

CROSS STATE TRUCKING COMPANY OFFERED TO LEASE TEN TRACTOR-TRAILERS FROM ASPEN LEASING, A COMPANY THAT DEALS WITH SUCH TRUCKS

QUESTION 1:The Truck LeaseCross State Trucking Company offered to lease ten tractor-trailers from Aspen Leasing, a company thatdeals with such trucks. The rate offered for each truck was $1000 per month plus insurance of $250 amonth and a maintenance reserve of $25 for every 24 hours of operation. Aspen replied by email statingthat they accepted the offer with the following added terms and conditions: (1) Cross State will takedelivery the trucks at Aspen’s place of business, (2) Aspen will clean and inspect each truck and provide awritten report on the inspection to Cross State, (3) Cross State will return the trucks in the samecondition at delivery, subject to normal wear and tear, and (4) Aspen will strip the trucks of all livery.Is this offer and acceptance valid under the Uniform Commercial Code (UCC)? Why?Supposing the Aspen's email stated the lease rate was to be $1500 per month for each truck instead of$1000 per month. Is that an acceptance under the UCC?QUESTION 2:The Computer PurchaseAce Computer Company sold a desktop computer to Jack for $950.00. In addition a company technicianset up the computer for use and loaded software. The cost of the software was an additional $400.00.The cost of labor was $25 per hour and the total time spent by the technician preparing the computerfor delivery was 5.5 hours. Is this sale governed by the UCC? Why?QUESTION 3:Who is the Merchant?Steve is an expert in sporting goods and is employed as such in the sporting goods department of Target.Because of his expertise, he is considered a merchant in the sales of sporting goods. If he stood in for asalesman in women’s clothing, an area in which he has no knowledge or experience, would he beconsidered a merchant in the sales of women’s clothing?Would Target be considered a merchant for its lines of products?QUESTION 4:The Sales ReceiptA Sales Receipt is considered a valid contract under the UCC. Why? What two pieces of informationcontained therein make it so?Discussion 1:Due Sunday, Feb. 14 at 2359 hrs (ET)Respond to at least 1 other post for Learning Activity 1, interactively and substantively. Comprehensivelyand specifically, justify/support and explain your rationale for your conclusions. Engage in dialogue withyour fellow students.

(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial