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
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