Identify a case regarding a bid error

Assignment Help Business Law and Ethics
Reference no: EM13765545

Part 1

You are a member of a state Supreme Court and have heard the arguments in cases regarding a bid error. Using the search terms "bid error," respond to the following:

Identify a case regarding a bid error.
Summarize the facts and findings of the case.
Discuss these facts and findings and relate them to your experience and intended career path.
Discuss how legal issues can be avoided during bidding.

Be sure to properly cite the case.

Justify your answers using examples and reasoning.

Part 2

You are a new employee for a general contractor and are assisting with a bid for a large and expensive project. The contractor has promised everyone a bonus if the company is awarded the project. Your assignment is to record the price quotations from subcontractors and report them to the contractor.

As you take the second round of quotes to the contractor, you realize that the contractor is using the first round of quotes and shopping the bids.

Answer the following questions:

You know this practice is not illegal. However, is it unethical? Why or why not?

What are the important facts and concepts of the situation?

What steps would you take in such a situation and why?

Reference no: EM13765545

Questions Cloud

Profit maximizing monopolist that employs a uniform : Perfectly competitive firm, a monopolist that is confronted with fixed costs in the short run should produce versus shut down if the total revenue that it can generate is sufficient to cover
Decide who has the right to the money in the account : While he was still single, Ricardo opened a savings account with his mother, Angelina. Decide who has the right to the money in the account
Analyze the legal issue : Describe any possible impact on the business and Analyze the legal issue
Write a critical analysis paper on the movie wizard of oz : Write a critical analysis paper on the movie wizard of oz.
Identify a case regarding a bid error : Identify a case regarding a bid error. Summarize the facts and findings of the case. Discuss these facts and findings and relate them to your experience and intended career path
Explore how a firm determines the optimal scale of a plant : Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer-run strategies versus current operations.
Operating at a break-even point : The short run should produce versus shut down if the total revenue that it can generate is sufficient -  Suppose that a monopolist finds itself to be operating at a break-even point - A profit-maximizing monopolist that sells all units of its output ..
Organizational structures of globalization : Use the Internet or the Strayer Library to research articles on organizations that successfully go global and adopt global information systems. Next, select one (1) organization that successfully went global and adopted global information systems
Issue related to cultural analysis : Given your understanding of the cultural similarities and differences, what would you recommend that each side do (or avoid doing) to resolve the situation?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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