User Account

All Pages

Party a in order to secure the contract with party b

Assignment Help Business Management
Reference no: EM131677061

Pareto Optimality is an economic theory devised by Italian economist Vilfredo Pareto. In this situation, resources cannot be reallocated without making somebody worse off. Pareto Optimality applies in contract law when one is faced with the choice of breaching a contract with one party in order to enter into another contract with another party that will be more profitable to one's firm. Suppose, for example, that your firm has a contract to provide widgets to Party A for $1.00 a widget. Party B offers you $1.50 a widget, and Party A's cost to cover is $1.20 a widget. Thus, by breaching the contract with A, and paying damages to A, your firm will receive an additional profit of 30 cents per widget. 

In this situation would you breach the contract with Party A in order to secure the contract with Party B? Explain why or why not.

Reference no: EM131677061

Questions Cloud

How was racial slavery different in north america : How was racial slavery different in North America than in other parts of the Americas? What were the difference between indentured servitude and racial slavery?
Perspective of consumer demographics and consumer lifestyle : Contrast the study of consumer behavior from the perspective of consumer demographics and consumer lifestyle.
Under what conditions could secondary data sources : under what conditions could secondary data sources be insufficient/ inadequate for use in a retail research study?
Describes and prepare a system flowchart : HI5019 - Development and adoption of the accounting software packages and Identify the leaders in the market and what gives them the competitive advantage
Party a in order to secure the contract with party b : In this situation would you breach the contract with Party A in order to secure the contract with Party B? Explain why or why not.
How do you honor requests as submitted : What types of additional information do you need to complete this schedule? How do you honor requests as submitted?
How the given film illuminates a particular time period : how this film illuminates a particular time period (larger issues, changes in thought). Abstracts are required to be one page long and use same format as essay.
The importance of integrating sales and operations : Which two (or more) processes did you integrate? Why and how? the importance of integrating sales and operations.
Reflect on the questions below : Now that you have watched this week's video, What Makes a Manager?, we want to hear your thoughts. Take some time to reflect on the questions below:

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd