What is the best description at that moment of clives right

Assignment Help Business Management

Reference no: EM133652363

Problem: On May 1, Owen, the owner of an art gallery, had the following telephone conversation with Clive, one of his most valued customers: Owen: "I just obtained the painting Sunset by Artista. I know it would go splendidly with your collection, so I'm willing to let you have it for $30,000." Clive: "That's awfully tempting, but I couldn't begin thinking about making such a purchase until the certificate-of-deposit account at my bank matures on July 31." Owen: "Then for you, my friend, I will hold this offer open until August 15." Owen and Clive just completed their telephone conversation. What is the best description at that moment of Clive's right to purchase Sunset from Owen?

Reference no: EM133652363

Questions Cloud

Creating new sources of value from a digital : Identify the new ways of creating new sources of value from a digital and business model perspective?

Identify three key issues which lead to the kodak collapse : Identify three key issues which lead to the Kodak collapse that are associated with Corporate Entrepreneurship and management.

Assess the republican revolution of 1911 in china : How do you assess the Republican Revolution of 1911 in China? Was it a success or failure, and why?

How will the product that you are selling be distributed : Your name and the event you are running. Dates the event is running. How will it be publicized? How will the product that you are selling be distributed?

What is the best description at that moment of clives right : Owen and Clive just completed their telephone conversation. What is the best description at that moment of Clive's right to purchase Sunset from Owen?

Explain what makes the situation an ethical concern : Be specific about the date, time, location, and the individuals involved. Describe the Ethical Issue: Explain what makes the situation an ethical concern.

Explain why you consider the objectives marketable : Select the marketable objectives (i.e., those you would recommend developing in a marketing plan) and explain why you consider those objectives marketable.

Outline how proposed solution addresses the challenges : Solution development: Outline how proposed solution addresses the challenges or provides opportunities for the selected industry.

Identify capability that tesla has competitive disadvantage : Identify one capability that Tesla has a competitive disadvantage in and explain why it's a competitive disadvantage.

User Account

All Pages