
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 4
Rimma Vaks and her husband arranged for a consignment sale of their furniture with Denise Ryan. The six-page agreement included descriptions of the items to be sold, the commission, and a statement that "after thirty days, any unsold or unclaimed items would become the property of Ryan without notice or payment." Approximately seventy-five percent of the items were sold on six auction days. After Vaks failed to pick up the remaining items within thirty days of the final auction date, Ryan donated them to charity. Vaks claimed breach of bailment contract with respect to the donated items. Was there really a bailment, a consignment, or a contract for sale?
Explanation
A contract of sale is a official contr...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255

