Tom wanted to purchase best burger franchise

Assignment Help Business Management
Reference no: EM133556425

Question

In early 2020, Tom wanted to purchase a Best Burger franchise. Tom began negotiated exclusively with Best Burger's representative, Herb. After reviewing Tom's assets and business plan, Herb assured Tom that Tom would easily qualify for a Best Burger franchise and that quick approval was a mere formality. Tom then asked, "so we have a deal?" Herb responded, "only the corporate office can agree to a franchise contract, but I promise you that corporate office won't turn you down." Herb suggested that Tom start hiring employees and start purchasing equipment for the Best Burger franchise Herb guaranteed would be Tom's. At Herb's suggestion, Tom did all of this at a cost of $50,000. To Herb and Tom's amazement, Best Burger declined Tom's franchise offer based on a business downturn brought about by Covid-19. What is Tom's best legal theory of recovery against Best Burger? What do you think will happen if Tom files a lawsuit against Best Burger, and why do you think that will be what happens?

Reference no: EM133556425

Questions Cloud

According to Texas Education Code : According to Texas Education Code § 61.313, from whom must you obtain approval to use the term "university" in your name?
Explaining how the diction supports the larger : Explaining how the diction supports the larger argument. using precise verbs or phrases
What specific purpose did she hope to achieve : What we're the effects of the war on Brittain's politics and writing. What purpose did her activism (as a feminist, a socialist, or pacifist) serve in the post
Briefly announces the purpose of the report : Briefly announces the purpose of the report. You might also consider listing observation team members, dates of the mission, and general conclusion
Tom wanted to purchase best burger franchise : In early 2020, Tom wanted to purchase a Best Burger franchise. Tom began negotiated exclusively with Best Burger's representative, Herb.
Who lead with both the head and the heart : Leaders also help people feel energized, motivated, and cared for in the face of rapid change, uncertainty, and job insecurity. People can learn to be whole
Difference in vicarious liability and per-sonal liability : What is the difference between vicarious liability and per- sonal liability?
How clearly has the writer of each email defined : how clearly has the writer of each email defined the purpose of their message - what extent has the writer in each case demonstrated an understanding
What extent does your current job have the characteristics : To what extent does your current job have the characteristics identified in the Job Characteristics model as leading to high intrinsic motivation?

Reviews

Write a Review

Business Management Questions & Answers

  What are the characteristics of effective goals

What are the characteristics of effective goals?

  Discuss how static budget failed to analyze cost

Discuss how static budget failed to analyze cost and revenues variances and how flexible budget has overcome static budgets' deficiencies

  Illustrates the seven sectors in business environment

-Draw an image or construct a model that illustrates the seven sectors in the business environment as it relates to a business of your choice, e.g. Amazon, Wal-

  What is a small business

Please answer the following questions 1. What is a small business? 2. What is an entrepreneur?

  What is the stock worth today

After seven years, the firm will grow at a constant rate of 5 percent. Its first dividend, to be paid in year 7, will be $3.37. If the required rate of return.

  Expain training and development programme

Why skilled employees are more likely to accept any training and development programme implemented in the organisation compared to unskilled workers

  What were greatest challenges to growth and development

What were the greatest challenges to the growth and development of the early American economy and businesses?

  Equilibrium market price and quantity of lumber

The lumber industry (lumber is wood used in manufacturing) in a city is a perfectly competitive industry. The long-run cost function for a lumber firm is C(q)^2 +1000 where q is a standardized amount of lumber. The market demand in the city is ,0..

  Determine the claims of the tenant and the landlord

What type of market research data would you want to have if you were going to reinvigorate an established brand of moist packaged cat food and dog food? When you are given a receipt with a survey, how likely are you to call or go online to take t..

  Convert huge amounts of pos

One of the fastest growing career paths in the hospitality industry today is that of a data scientist. Data scientists, trained in the use of research design, s

  Describe a time when you needed to be adaptive

Describe a time when you needed to be adaptive to change in your workplace.

  What are the requirements for the buyer or franchisor

What is the name of the business? Where is the business located? What are the requirements for the buyer or franchisor?

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!

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