Piping company ships its only pump to national hydraulics co

Assignment Help Business Management

Reference no: EM13103574

Q. Mit Piping Company ships its only pump to National Hydraulics Corporation, the manufacturer, for repair. Mit hires Overland Transport, Inc., to take the pump to National Hydraulics and to return it to Mit as soon as the repair is complete. Mit is force to suspend operations without the pump but Overland does not know this. Mit expects to be without the pump for five days and to lose profits of $5000. When the pump is not returned by the end of the fifth day, Mit rents a pump at a cost of $600 per day. Overland delays five more days before returning the pump. Mit files suit against overland, asking for compensatory and consequential damages. Will Mit recover? Explain.

Reference no: EM13103574

Questions Cloud

Explain large hotel chains business : An article in the Wall Street Journal reported that large hotel chains such as Marriott are tending to decrease the number of hotels that they franchise to outside owners as well as increase the number the chain owns and manages itself

What is the change in the entropy of the universe : A quantity of heat is removed from a hot reservoir at absolute temperature T and then is added to a cold reservoir at absolute temperature T/2. The cold reservoir experiences an entropy increase S. What is the change in the entropy of the universe..

Damage to established ideas which lurks in these relation : dependent on advertising, is dangerous because most economists would sense “the damage to established ideas which lurks in these relationships.” Discuss illustrate what he means by this.

Compute normal distribution and binomial distribution : The mean of a normal distribution is 400 pounds. The standard deviation is 10 pounds. a) what is the area between 415 pounds and the mean of 400 pounds?

Piping company ships its only pump to national hydraulics co : Overland delays five more days before returning the pump. Mit files suit against overland, asking for compensatory and consequential damages. Will Mit recover? Explain.

Formulate and testing the appropriate hypotheses : At the 5% significance level, can the researcher reject the hypothesis that the mean reading scores of all children in the three school systems is the same? Formulate and test the appropriate hypotheses. Use the critical value approach.

What is the magnitude of the force : A box is pushed across the floor, slide with a constant velocity, and is opposed by a friction force of 25N. What is the magnitude of the force? Choose the correct answer. A.Less than 25N B.Zero C.Greater than 25N D.25n

Illustrate what was each business owner approach : Express the theories found in each case study and cite specific examples. Illustrate what was each business owner’s approach to creating high-performing teams within their company?

Find the indicated probability : A bag contains 4 chips of which one is red, one is blue, one is green, and one is yellow. A chip is then selected at random from a bag and then replaced in the bag.

User Account

All Pages