(Answered):Strength And Weakness Of Contract . . . .

Question Description

Brenda owns “Brenda’s Widgets, Inc.” (“BWI”), a corporation located at 123 Main Street, Podunk, Iowa. Her company manufactures and distributes widgets. Jim owns a hardware store at 456 First Street, Secondville, Michigan, that sells widgets. He wants to buy 20,000 widgets from BWI. After Jim consults with Brenda, the parties agree to a price of $5 per widget.

These are the provisions that Jim wanted in the contract:

1) Jim will pay 10% of the purchase price initially and he will pay the remainder after the goods are received.

2) Jim must have all 20,000 widgets in stock before