Mundo manufactures printing presses

Assignment Help Operation Management

Reference no: EM131305978

Mundo manufactures printing presses. Extra, a publisher of a local newspaper, had decided to purchase new presses. Rep, a representative of Mundo, met with Boss, the president of Extra, to describe the advantages of Mundo's new press. Rep also drew rough plans of the alterations that would be required in Extra’s pressroom to accommodate the new presses, including additional floor space and new electrical installations, and Rep left the plans with Boss. On December 1, Boss received a letter signed by Seller, a member of Mundo's sales staff, offering to sell the required number of presses at a cost of $2.4 million. The offer contained provisions relating to the delivery schedule, warranties, and payment terms but did not specify a particular mode of acceptance of the offer. Boss immediately decided to accept the offer and telephoned Seller's office. Seller was out of town, and Boss left the following message: "Looks good. I'm sold. Call me when you get back so we can discuss details." Using the rough plans drawn by Rep, Boss also directed that work begin on the necessary pressroom renovations. By December 4, a wall had been demolished in the pressroom, and a contract had been signed for the new electrical installations. On December 5, the President of the United States announced a ban on foreign imports of computerized heavy equipment. The ban removed—from the American market—a foreign manufacturer that had been the only competitor of Mundo. That afternoon, Boss received an email from Mundo stating, "All outstanding offers are withdrawn." In a subsequent telephone conversation, Seller told Boss that Mundo would not deliver the presses for less than $2.9 million. In a minimum of a 1,000-word contract analysis, discuss the following questions: Was Mundo obligated to sell the presses to Extra for $2.4 million? Assume Mundo was so obligated. What are Extra’s rights and remedies against Mundo? Cite any direct quotes or paraphrased material from outside sources. Use APA format

Reference no: EM131305978

Questions Cloud

How many days does this patient spend in the hospital : What fraction of patients who enter the hospital in good condition, will leave in improved condition - how many days does this patient spend in the hospital?

Some method of alternative dispute resolution : Adrian Reese, a resident of New York, owned a strip mall located in Ohio, which he leased out to different businesses. The tenants in the building had complained that the two public restrooms were substandard and in need of repair. Why would the prie..

Use matlab to compute the curvature : MATH-240 Calculus Project - Play Ball. Your MATLAB program should graph the trajectory, as seen in the y-z plane, of the angle that clears the fence by the largest amount. Your report should include the vector equation for the trajectory. Use MATL..

Computer-generated imagery model for development : Determine whether certain contract remedies exist in the following scenario: Forrest Gump is a famous table tennis player. He enters into a contract with Alabama Sports Marketing to advertise the latest ping pong game and to serve as the computer-gen..

Mundo manufactures printing presses : Mundo manufactures printing presses. Extra, a publisher of a local newspaper, had decided to purchase new presses. Rep, a representative of Mundo, met with Boss, the president of Extra, to describe the advantages of Mundo's new press. Was Mundo oblig..

How can fed cause real interest rate to increase or decrease : Why would a decline in real interest rates cause an increase in housing prices?

Differences in bureaucratic and system : Explain the similarities and differences between bureaucratic (mechanistic) and System IV (organic) systems. Which approach is best suited for what type of organization?

Draw a diagram to show the variation in the investors profit : Under which circumstances does the investor make profit? When will the option be exercised?- Draw a diagram to show the variation in the investors profit and the share price at the maturity of the option.

Was romer arguing that the high unemployment in 2010 : Was Romer arguing that the high unemployment in 2010 was largely due to problems with aggregate demand or to problems with aggregate supply? Briefly explain.

User Account

All Pages