A principal hired a mortgage banking firm

Assignment Help Operation Management
Reference no: EM13991137

A principal hired a mortgage banking firm to obtain a loan commitment of $10,000,000 from an insurance company for the construction of a shopping center. The firm was promised a fee of $50,000 for obtaining the commitment. The firm was successful in arranging for the loan, and the insurance company, without the principal’s knowledge, agreed to pay the firm a finder’s fee. The principal then refused to pay the firm the promised $50,000, and the firm brought suit to recover the fee. May the firm recover the fee? Why?

Reference no: EM13991137

Questions Cloud

Find the angle the ladder makes with the floor : From the point of view of a person on the ship, the base of the ladder is 2.20 m from the wall, and the top of the ladder is 6.22 m above the floor. The spaceship moves past the Earth with a speed of 0.90c in a direction parallel to the floor of t..
What does this trend imply for the future of organizations : The United States is experiencing a decline of the middle class. What does this trend imply for the future of organizations such as: (a) the U.S. Public Health Service, which operates many inner-city health clinics for the economically disadvantaged,..
What does calnexin do in gycosylation of lipid molecules : What does calnexin do in gycosylation of lipid molecules?
Describe several common sources of terrorism funding : Describe several common sources of terrorism funding. Include at least one (1) legal source and one (1) illegal source of funding. Assess the importance of tracking and stopping the sources of terrorism funding. Justify your response.
A principal hired a mortgage banking firm : A principal hired a mortgage banking firm to obtain a loan commitment of $10,000,000 from an insurance company for the construction of a shopping center. The firm was promised a fee of $50,000 for obtaining the commitment. The principal then refused ..
Describe the areas that others identified as your strengths : In one paragraph, describe the areas that others identified as your strengths. What was your reaction? In one paragraph, describe the areas that others identified as areas for improvement. What was your reaction
What horizontal distance before striking the ground : A large cannon is fired from ground level over level ground at an angle of 30o above the horizontal. The muzzle speed is 980 m/s. Neglecting air resistance, the projectile will travel what horizontal distance before striking the ground?
How does the rna polymerase enzyme responsible : How does the RNA polymerase enzyme responsible for transcription know which of the two DNA strands to transcribe?  does it start on the 3' or the 5' end?
What are deliverables and organizational units responsible : Use an example of a project you are familiar with or are interested in. What are the deliverables and organizational units responsible? How detailed is the WBS? Give an example of the work packages and how they were determined.

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss the importance of work packages to support

Discuss the importance of work packages to support the creation and use of the WBS. Examine how to establish a cost and schedule performance measurement baseline.

  Popular grocery store brand-measuring design characteristics

How to complete a competitive assessment by selecting three popular grocery store brands and measuring the design characteristics.  Write a report to Megan containing your recommendations for the new product development. Explain how you arrived at yo..

  Compute the tracking signal

Sales of tablet computers at Ted Glickman's electronic store in Washinton D.C over the past 10 weeks are shown in the table below". Forecast demand for each week including week 10, using exponential smoothing with a=.5 (initial forecast=20) Compute t..

  Passenger screening in terms of concentric ring theory

Your paper should be oriented towards a primary commercial service airport in the United States. This is a best-case scenario so consider the budget funded. Discuss passenger screening in terms of concentric ring theory (defense-in-depth). In othe..

  Explain the three major elements

Outline and explain the three major elements (and their arguments) contained in the controversial question as to whether union security provisions should be negotiated in labor agreements.

  Accrued payroll-including employee deductions

Prepare journal entries to record: (1) accrued payroll, including employee deductions, for July ; (2) cash payment of the net payroll (salaries payable) for July; (3) accrued employer payroll taxes, and other related employment expenses, for July- as..

  Intro to cost management system

(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, dis- cuss whether it is a detector, assessor, effectors, or communications network: Comparing a..

  Miscommunication you have had or observed-business situation

Tell us about a miscommunication you have had, or observed, in a business situation. In hind sight, what could you have done to prevent or minimize it? How did you resolve the problem? Was it because of some type of barrier, such as emotions, network..

  Define and describe the open shop movement comprise a

define and discuss the open shop movement. include a specific example and analyze its success or failure and why. write

  How does the it strategy of 7/11 influence other aspects

How does the IT strategy of 7/11 influence other aspects of the business (such as inventory, human resources, or vendor relationships management)?

  Define social media for health care

Write a 350 to 750-word summary of your thoughts about social media for health care.

  Identify main types of traditional organization structure

Identify the main types of traditional and horizontal organization structure. Using an organization of your choice as an example how is the structure of the organization a reflection of its environment .

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd