Reference no: EM133190212
You can read it and answer it briefly.
Business discussions
As a new sales representative for Misco Equipment Corporation, you take a customer out to dinner. Before dinner is over, you have shaken hands on a deal to sell the customer nearly a half-million dollars' worth of industrial equipment. In writing up the formal contract the next morning, you discover that you misfigured the equipment's price. Your error could cost Misco $60,000. You telephone your customer and explain the situation.
- Is the "deal" you made an enforceable contract?
- Does the mistake you made permit you to get out of an enforceable contract?
- What do you think will happen in this situation?
Review Questions and Problems
.- Two Basic Divisions of Property
(a) Explain the two basic divisions of property.
(b) Martin sold his house to Cheryl. Later, when he tried to take the beautiful chandelier in the dining room, which had belonged to his grandparents, with him, Cheryl objected. What is issue here? Legally, who is likely to win this dispute? Discuss
- Baliments
(a) Is a lease of a mowing tractor a bailment? Explain.
(b) A warehouse contract requires that your equipment be stored in "warehouse 314." For its own convenience the warehouseman moves your equipment to warehouse 212, and your equipment is destroyed by a tornado that sweeps through the town. Is the warehouse liable to you for the value of the equipment? What if the equipment had been destroyed in warehouse 314? Would your answer be different? Because of these types of problems, what sort of arrangements do bailors and bailees often make regarding bailed goods?
(c) How are common carrier different from other sorts of bailees?
Macroeconomic
Find a news article (include the URL) about production and give a brief summary of the article. Then relate how public policy affects economic growth, specifically in the case of the article you chose. How might these policies affect other means of production as well?
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Can one business make a difference to a global problem
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What advantages that the internet provides
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How will the expense be recognized
: Bonds Payable On January 2018, SaulGroup Inc. issued $5,000,000 of 4% bonds at par value. How will the expense be recognized
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How much would he have to deposit today
: Thomas wants to have $5,000 six years from now to buy a car. How much would he have to deposit today, in order to have enough to buy the car
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How public policy affects economic growth
: How public policy affects economic growth, specifically in the case of the article you chose. How might these policies affect other means of production as well
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Is transformational leadership beneficial in all industries
: Is transformational leadership beneficial in all industries, Discuss whether the productivity or validity of transformational leadership is consistent or depend
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Compute depreciation for each year
: The factory manager estimates the machine will produce 480,000 units of product during its life. Compute depreciation for each year
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Competing with the corporation and pursuing an interest
: Competing with the corporation and Pursuing an interest that conflicts with that of the corporation - Authorizing a corporate transaction that is detrimental
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Propose a solution to each internal control problem
: Discount stores such as Dollar Mart make most of their sales for cash, with the remainder in debit card and credit card sales. Propose a solution
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