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In May 2009, Hanwha submitted a bid for the purchase of 1,000 metric tons of the petrochemical Toluene at $640 per metric ton. Cedar accepted the bid and followed up its acceptance by sending Hanwha, via email, a signed contract sheet and a document setting forth Cedar’s standard terms and conditions. Cedar provided that the New York law, the UCC, and Incoterms 2000 would govern the contract. Hanwha modified the provision providing for governing law, crossing out New York law and the UCC, leaving only the provision that Incoterms 2000 was to govern the contract. Hanwha also provided a new set of “standard” terms and conditions; in relevant part, Hanwha’s new set of conditions provided that Singapore law would govern the contract, rather than New York law. Hanwha further provided that no contract would enter into force unless Cedar countersigned Hanwha’s proposed version of the contract’s version of the contract documents. Cedar refused to accept Hanwha’s terms, and sent Hanwha an email explaining that the contract would be finalized only if Hanwha accepted Cedar’s original terms. The email asked Hanwha to sign and return an unaltered version of the contract documents. In June 2009, Cedar advised Hanwha that because of its failure to sign the version of the contract tendered by Cedar, there was no contract between the parties, and Cedar had the right to sell the Toluene to another party. The price of Toluene as of that date had risen from $640 per metric ton to $790.50. In November 2009, Hanwha sued Cedar for breach of contract. The court was faced with the questions of applicable law and whether the parties’ attempt to form a contract succeeded. What law should apply to this transaction? Did the parties succeed in creating an enforceable contract? Why or why not?
Inventory Management, EOQ In 2014, BabyStuff, a fictional U.S. manufacturer of children's apparel has an average inventory of around $350,000,000, and the cost of goods sold is around $1,050,000,000. What is the store’s annual inventory cost under th..
How would you describe the culture of your organization? In a traditional sense an organization’s culture consists of the values, beliefs, attitudes and behaviors that employees share and use on a daily basis in their work. what advice or compliment ..
The WTO's International Trade Statistics is an annual report that provides comprehensive, comparable, and updated statistics on trade in merchandise and commercial services.
Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle Dellatorre, a professional tennis player who has just come to the United S..
Diet Coke is contemplating introduction of a new energy drink and a new brand of root beer. We will analysis each decision separately. First we consider analysis of their decision regarding the new energy drink. Draw a decision tree for this problem...
Without considering the random variability in growth rates, extend the worksheet given to 20 years. Confirm that by using the constant annual salary growth rate and the constant annual portfolio growth rate, Tom can expect to have a 20-year portfolio..
llustrate what is process cycle time of overall system. If firm operates 8 hours per day, 20 days per month, illustrate what is monthly capacity of manufacturing process.
What celebrity attributes make for effective celebrity product endorsements? Celebrity testimonials are advertising messages delivered by famous people who say or imply that they use the product/service. Advertising testimonials are discussed in chap..
Check your understanding by matching some of the theories in the left-hand column below with the corresponding key contributor or key concepts in the right-hand column. Pioneer in illustrating how the social environment of the workplace influences th..
Describe the key elements of a customer-driven marketing strategy and discuss the marketing management orientations that guide marketing strategy.
Identify the brand and share the slogan. Explain why you think the slogan is effective. Identify the unique selling proposition you think the slogan is meant to convey. What do you believe is the desired effect of this slogan? How do you think the ad..
Which of the following is true regarding the tort of false imprisonment?
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