Basic understanding of contracts-their legal implications

Assignment Help Operation Management
Reference no: EM131138143

A contract is a type of agreement, either written or oral, that involves legally binding obligations between two or more parties. A crucial element of being healthcare provider is having a basic understanding of contracts and their legal implications.

For this assignment, investigate the topic of contracts and summarize your findings in your paper.   Include the following information in your paper:

· Discuss the elements of a contract

· Describe the differences between an express and an implied contract

· Discuss the remedies available for nonperformance of a contract.

· Discuss the importance of disclaimers in employee handbooks.

· Explain why exclusive contracts are controversial.

Reference no: EM131138143

Questions Cloud

Adopt an aggressive marketing strategy : Southern Baptist Hospital (SBH) had long resisted the use of marketing, believing it was not an appropriate activity for a nonprofit organization. By the mid-1980s, however, the erosion of its market share due to growing competition forced SBH to ado..
Net increase in cash from operating activities : Jacks Company had a net increase in cash from operating activities of $8,600 and a net decrease in cash from financing activities of $1,900. If the beginning and ending cash balances for the company were $3,600 and $12,200, then net cash change from ..
Balance sheet reported assets : Vandever Company's balance sheet reported assets of $92,000, liabilities of $25,000 and common stock of $22,000 as of December 31, 2012. If Retained Earnings on the December 31, 2013 balance sheet is $58,000 and Vandever paid a $24,000 dividend durin..
Using the expected monetary value criterion : A bakery must decide how many pies to prepare for the upcoming weekend. The bakery has the option to make 50, 100, or 150 pies. Assume that demand for the pies can be 50, 100, or 150. Each pie costs $5 to make and sells for $7. Which alternative shou..
Basic understanding of contracts-their legal implications : A contract is a type of agreement, either written or oral, that involves legally binding obligations between two or more parties. A crucial element of being healthcare provider is having a basic understanding of contracts and their legal implications..
Assume all transactions are cash transactions : La Paz Company engaged in the following transactions during 2012, its first year in operation: (Assume all transactions are cash transactions) Acquired $4,700 cash from issuing common stock. The amount of liabilities on La Paz's 2013 balance sheet wa..
Determine upper and lower control limits : An automatic filling machine is used to fill 1-liter bottles of cola. The machine's output is approximately normal with a mean of 1.0 liter and a standard deviation of .01 liter. Output is monitored using means of samples of 25 observations. Determin..
Why is berns in favor of capital punishment : Why is Berns in favor of capital punishment?
Addressing various perspectives and without marginalizing : Keeping them organized sounds easy but what advice would you offer on addressing their various perspectives and without marginalizing them into clusters or groups with similar concerns?

Reviews

Write a Review

Operation Management Questions & Answers

  Most risk of needing an emergency loan

Looking forward to next year, if Baldwin's current cash balance is $22,636,672 and Cash Flows From Operations next period are unchanged from this period, which of the following will activities expose Baldwin to the most risk of needing an emergency l..

  How does dealing with personal capacity issues differ

How does dealing with personal capacity issues differ from dealing with organizational capacity issues? Discuss with examples.

  Required for passenger to pass through security screening

All airplane passengers at the Lake City Regional Airport must pass through a security screening area before proceeding to the boarding area. The airport has three screening stations available, and the facility manager must decide how many to have op..

  General environment affected their decision-making

Adidas has recently spent an enormous amount of money on celebrity endorsements. They are trying to overtake Nike as the largest shoe company in the world. Research Adidas. How has the general environment affected their decision-making? Please be sur..

  Toyota the maker of the scion brand utilizing what type of

1 toyota the maker of the scion brand using what kind of brand strategy with scion products?a. blanket family namesb.

  Describe her supervisors management style

How would you describe her supervisor’s management style? What do you think prevented him from handling this situation well?

  What is the inventory turnover for hamburger patties

A McDonald's store sells an average of 4000 quarter pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 350 pounds of hamburger in stock. Assume hamburger cost $1.00 a pound, then: What is the inven..

  Incompatible corporate cultures and globalization challenges

Chapter 5 discusses six barriers to supply chain management implementation of which two described are incompatible corporate cultures and globalization challenges. Discuss how these two potential barriers are related and how advances in technology (i..

  How should the relation between drugs and human life

What changes, if any, do you think we should make to U.S. drug patent laws? Explain. How should the relation between drugs and human life and health affect your views on drug industry monopoly profits? Explain. What would Adam Smith think about the “..

  Explain how external conditions and group member resources

Explain how external conditions and group member resources affect group performance and satisfaction.

  Compare and contrast the different kinds of charts

Compare and contrast the different kinds of charts from which a project manager can choose? What are the benefits and the limitations of each? Describe a project in which you might choose to utilize one of these tools and explain how it could be u..

  Fundamental differences in the motivational theories

Identify two fundamental differences in the motivational theories of Frederick Winslow Taylor's Scientific Management and in Elton Mayo's human relations perspective as illustrated by the HawthorneStudies.

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