Answered

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You have a small business supply store. You order fifty boxes of paper from hammerhill paper supply and tell them you need the paper delivered within four days, and hammerhill agrees to provide the paper within four days. Neither you nor hammerhill mentions the price of the paper, though. How do you think the price of the paper will be determined if you get into a legal dispute with hammerhill about it?.

Sagot :

In the case of a legal dispute, the court will decide a reasonable price at the time delivery is taken.

Rules of Contract

When making a contract there are four rules by which both parties must abide. They are as follows:

  • Offer and Acceptance
  • Consideration
  • Legality
  • Capacity

It would seem in this case that the offer and acceptance are being made by both parties. Moreover, the conditions of capacity and legality are also fulfilled. However, no consideration is determined at the time of making a contract.

In such scenarios, where the price is not decided by either party and a legal dispute arises. Then the court has the right to set the price based on the market practice of selling such similar goods. This price is then paid at the time of delivery of the fifty boxes order.

Learn more on the legal dispute here: https://brainly.com/question/9524284

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