business law
After lengthy telephone negotiations, Bernstein and Metal Manufacturers (MM) entered into an agreement whereby MM agreed to sell Bernstein 20,000 pounds of nickel cathodes at $4.60 per pound. To secure the deal, Bernstein promised to send MM a check for $20,000, which MM was to hold in escrow until the nickel cathodes were ready for shipment. About a month later, Bernstein sent a letter confirming the oral […]