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ACCT 568
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ACCT 568 Slingshot Academy
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ACCT 568
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ACCT 568 Slingshot Academy
ACCT 568 Week 2 Homework Assignment
1. Chapter 19 6 points Terminal Grain Corporation
brought an action against Glen Freeman, a farmer,
to recover damages for breach of an oral contract
to deliver grain. According to Terminal Grain,
Freeman orally agreed to two sales of wheat to
Terminal Grain of four thousand bushels each at
6.21 a bushel and 6.41 a bushel, respectively.
Dwayne Maher, merchandising manager of Terminal
Grain, sent two written confirmations of the
agreements to Freeman. Freeman never made any
written objections to the confirmations. After
the first transaction had occurred, the price of
wheat rose to between 6.75 and 6.80 per bushel,
3
ACCT 568
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