Lindenwood Management LLC negotiated oral agreement

Assignment Help Operation Management
Reference no: EM132214377

St. Charles Design and Build, Inc. and Lindenwood Management LLC negotiated an oral agreement whereby Lindenwood would provide management consulting services to assist in expanding St. Charles’s business. The two entities agreed to all of material terms of their relationship and shook hands on the deal. Lindenwood said it would have their in-house legal counsel put the agreement in writing within 24 hours and provide the written agreement to St. Charles for its signature. Lindenwood’s lawyer wrote up the contract, which accurately stated the terms of the parties' oral agreement. Lindenwood signed the agreement and mailed it St. Charles. St. Charles refused to sign the written agreement, explaining that it decided to put its expansion plans on hold. St. Charles claimed that it was not obligated to Lindenwood unless it signed the written contract. Lindenwood claims St. Charles is liable under the negotiated agreement and sues for breach of contract. What result?

Reference no: EM132214377

Questions Cloud

Explored to make better strategic business decisions : Explain how data can be displayed and explored to make better strategic business decisions.
Case study of sourcing energy at steel manufacturer : the case study of Sourcing Energy at a Steel Manufacturer. What are the risks and rewards to consider in this case?
Explain why the charter applies to the by-laws : Explain why the Charter applies to the by-laws. Identify the specific Charter rights or freedoms that the by-laws may have infringed.
Network is best suited to highly differentiated products : What type of network is best suited to highly differentiated products? What types of distribution networks are typically best suited for commodity items?
Lindenwood Management LLC negotiated oral agreement : Lindenwood Management LLC negotiated oral agreement whereby Lindenwood would provide management consulting services to assist in expanding St. Charles business
Uniform commercial code on employment contracts : Explain the impact of the Uniform Commercial Code on employment contracts.
Growth in the annual dividence paid to shareholders : Two factors: earnings per share growth and growth in the annual dividence paid to shareholders.
Building information systems at faster pace : Building Information Systems at a faster pace can be achieved using prototyping, SDLC methodology and software packages.
Lindenwood contactors entered into contract : Lindenwood Contactors entered into a contract with Saul Goodman to build a professional office building for Goodman at a cost of $5,800,000.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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