Purchase Solution


Not what you're looking for?

Ask Custom Question

On may 1, Local Cartage Co. and Modern Computers, Inc., orally agreed that Local Cartage will pick up from Nat'l Chip Corp. and deliver to Modern Computers' manufacturing plant a certain number of computer chips on each Monday in the month. Under the agreement, Modern Computers will pay for the delivery services on June 1. On May 1, is contract express, implied in fact, or implied in law? On May31, after all of the deliveries have been made, is the contract executed or executory? Explain answer.

Purchase this Solution

Solution Preview

This is a contract express and on May 31, the contract is executory. Look below for an thorough explanation.

First, on May 1 this is a contract express. The contract is one in which the agreement of the parties has been expressed in words, either in oral or written form, in this case in oral form. The terms have been agreed upon in conjunction with forming the contract. Both Local Cartage Co. adn Modern Computers, Inc. agreed to the terms of how many chips were going to be delivered and when they were to be delivered and how much would be payed and when payment would be made.

Here are some other examples:

The landlord presents Joe with a preprinted ...

Purchase this Solution

Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.


This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.