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In December 1991, NSI contracted to provide laundry service for Secrist’s nursing home for a three-year period. Secrist used the service until March 1993, when she unilaterally terminated the contract without NSI’s consent. The written contract provided for liquidated damages in the event of an unlawful termination. The damages were 40 percent of the anticipated gross receipts under the contract for the unexpired term—30 percent for overhead and 10 percent for profits. NSI sued to collect the liquidated damages. The trial court found the liquidated damages provisions of the contract excessive because they included 30 percent recovery for overhead after fifteen months of contract period had been completed. Was the trial court correct in rejecting the overhead portion of the liquidated damages clause as excessive? Explain.
Michael Porter's "Diamond Framework of National Competitive Advantage" considers home country advantages in different industries - this framework identifies:
The mean lifetime of all light bulbs produced by a manufacturer is unknown. A sample of 144 bulbs is randomly selected and tested. The average lifetime of this group is measured and found to be 1500 hours with a sample standard deviation of 1..
select one that you consider to be an innovative technology or an innovative use of an existing technology, and analyze the impact it would have on incumbent business or societ
Joe McDonald is the HR manager of ACME chemicals. His boss, Bill Jacobs, is concerned that the interactions between the various departments of the company are inconsistent and that there is too much competition between departments rather than coop..
Discuss the six main purposes of the Work Breakdown Structure (WBS). Explain how the WBS impacts the time and budget of the project.
"Crossing the Rubicon" is a popular expression that means to go past a point of no return by doing an action so powerful that it is irreversible. It is believed that the phrase originated when Julius Caesar took his armies past the Rubicon Barrier th..
What is the maximum number of defectives allowed in the second sample for the lot to be accepted?
public policy makers have developed a substantial body of laws and regulations to govern advertising. for these reasons
Despite great strides in our country, are re still issues that divide us along racial or cultural lines. If so, illustrate what can organizations do to change this. Illustrate what is our personal responsibility in making positive changes and redu..
Squire Transportation (Squire) is a large national truckload (TL) carrier in the United States covering routes going both east-west and north-south. Squire’s average length of haul is 1,200 miles with approximately 10 percent empty miles.
Some claim that white collar crime is not as bad or harmful as non-managerial theft or sabotage of property. Do you agree? Why or why not? The issue of who should be responsible for dealing with work stress—the individual or the organization—is an im..
When conducting its market assessment, what economic factors should Moots consider to make its decision? Which market do you expect will be more lucrative for Moots? Why?
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