Sales contract to purchase specific rembrandt painting

Assignment Help Operation Management

Reference no: EM132153869

1. Suppose a buyer enters into a sales contract to purchase a specific Rembrandt painting from a seller for $25 million. When the buyer tenders payment, the seller refuses to sell the painting to the buyer. The buyer may bring a(n) _____ action to obtain a decree of _____ from the court, which orders the seller to sell the painting to the buyer.

A. equity; frustration of purpose

B. legal; unconscionability

C. legal; commercial impracticability

D. equity; specific performance

E. equity; summary judgment

2. The main incentive for a U.S. company to form a strategic alliance with a Chinese company is to

a. develop a competitive advantage.

b. achieve immediate profit increases.

c. form an international relationship that might be useful in the future.

d. prevent Chinese competitors from moving into the U.S. market.

3. It is common for less-developed countries to require foreign companies to ____ in order to manufacture and sell products in the less-developed country.

a. sell 100 percent of its locally produced goods within the host country

b. contract to operate in the host country for long periods of time, such as 20 years

c. invest in more than one company in the host country

d. form a joint venture with a host country firm

Reference no: EM132153869

Questions Cloud

Do you believe that it is better for the organization : There are those that argue that having equity capital benefits the organization versus debt.

Difference between a discrete and continuous variable : What is the difference between a discrete and continuous variable, and how does this difference affect the types of analyses

Analyze your own process of self-actualization : Analyze your own process of self-actualization (i.e., achieving personal potential) and comment on how your ideas about your potential have developed over time.

Difference between group decision making and group think : What is the difference between group decision making and group think?

Sales contract to purchase specific rembrandt painting : Suppose a buyer enters into a sales contract to purchase a specific Rembrandt painting from a seller for $25 million.

Dealing with a multi-cultural diverse team : What are some challenges a leader can run across when dealing with a multi-cultural diverse team? Based on Hoftsede's Cultural Dimensions.

Reconciliation of resident trust funds in healthcare : 1) What is the importance of the reconciliation of resident trust funds in healthcare?

Manager working for company efg : Assume you are a Manager working for company EFG and one of your supervisors comes to you with a problem he does not know how to handle.

Which business functions will be impacted by your action : Which business functions will be impacted by your action plan? What tactics will you use to manage implementation across business functions?

User Account

All Pages