How to ship company toys to buyers while minimizing costs

Assignment Help Operation Management

Reference no: EM131374970

1. ABC Corp. has a cash flow problem and needs to borrow money to purchase inventory. Darla Green, ABC Corp.'s CEO, is a wealthy venture capitalist. Before the Bank will loan money to ABC Corp, it requires Green to sign an agreement making herself personally liable only if ABC Corp. does not repay the loan. Which if of the following is true:

A. Green is a surety and is primarily liable to the Bank.

B. Green is a guarantor and is secondarily liable only after ABC Corp. defaults.

C. Green is neither a surety nor a guarantor.

D. Green is a cosigner without consideration.

2. You are an accountant for a toy manufacturer. In a department meeting with in-house counsel, your boss wants to know the various contract options about how to ship the company's toys to buyers while minimizing costs and risks to the company. She wants to deliver the toys to a trucking company or common carrier and to avoid bearing the cost of insurance for the toys in transit if they are damaged. What type of contract would you recommend?

A. destination contract.

B. shipment contract.

C. sale on approval contract.

D. entrustment contract.

Reference no: EM131374970

Questions Cloud

Advantages-disadvantages of large groups and small groups : Define equity theory and discuss the two types of inequity. Discuss the dysfunctional effects of inequity for organizations, managers, and employees. What are the advantages and disadvantages of large groups and small groups? What are the two basic a..

Overall probability that the product will function properly : A product is composed of four parts. In order for the product to function properly in a given situation, each of the parts must function. Two of the parts have a .96 probability of functioning, and two have a probability of .99. What is the overall p..

Partners in their law firm : Eric and June are partners in their law firm. A new client, Fred, meets with Eric to discuss drafting Fred's will and creating a trust for Fred's multi-million dollar cattle farm. What are the basic/general requirements for a valid will? What type of..

Computer technical resource for county public library system : You are the computer technical resource for a county's public library system. The library is making plans to install Internet filtering software so it will conform to the Children's Internet Protection Act and be eligible for federal funding. What so..

How to ship company toys to buyers while minimizing costs : You are an accountant for a toy manufacturer. In a department meeting with in-house counsel, your boss wants to know the various contract options about how to ship the company's toys to buyers while minimizing costs and risks to the company. She want..

Most jurisdictions and under the uniform probate code : Elvis dies intestate and is survived by his wife Priscilla and his daughter Lisa Marie, who is married to Michael. Which of the following is true in most jurisdictions and under the Uniform Probate Code? EXTRA CREDIT: Under the UCC, a buyer or seller..

Statement about the year-end bonus lacks consideration : Andrew, an attorney, tells his employees that he will likely give them a year-end bonus if business continues to be good and if their performance merits a raise, which will be totally in his discretion. The case settles favorably for his client, the ..

Which property would be exempt from such an order : Alex owes a debt to Jim which is past due. Jim sues Alex to collect the debt. To ensure that the judgment against Alex is collectible, Jim files a motion with the court to order the seizure of Alex's property. In most states, which property would be ..

Under the business judgment rule : Kim is a director and officer of her family-owned apparel business. Kim decides to expand the company and buy several smaller apparel distributors. Her company is seeking to expand into niche-apparel markets that these distributors serve. A competito..

User Account

All Pages