Business Finance Homework Help

Provide a written response for the two (2) following scenarios in 150 words or more.

Scenario1. Agreements and Consideration in Contracts

kerin sends a letter to Joli telling her that he has a book to sell at a certain price. Joli
signs and returns the letter. When Kerin delivers the book, Joli sends it back, claiming that
they do not have a contract. Kerin claims they do. What standard determines whether
these parties have a contract?

Scenario2. Performance and Breach of Sales and Lease Contracts

Country Fruit Stand orders eighty cases of peaches from Down Home
Farms. Without stating a reason, Down Home untimely delivers thirty cases instead of
eighty. Does Country have the right to reject the shipment? Explain.