What was the negligent misrepresentation at issue

Assignment Help Management Theories
Reference no: EM131675141

Question: In 2007, Mewhinney decided to sell the contents of his wine cellar. Kurtz, as president of The London Wineman, Inc., contacted Mewhinney about the sale. London Wineman was in the business of purchasing wine from individuals and reselling it through an auction house. Mewhinney sent a list of what was available, which indicated that the cellar contained five bottles of 1945 Chateau Mouton Rothschild. Kurtz arranged to visit the wine cellar to inspect the wines to ensure that the bottles were in sufficient condition for resale. After the brief inspection, Kurtz identified which bottles he wanted to purchase, including the fi ve bottles of the purported 1945 Chateau Mouton Rothschild priced at $6,000 per bottle. When the bottles arrived, Kurtz discovered that four of the fi ve bottles were actually labeled as 1955 wines. After hearing all the evidence, the trial jury found Mewhinney made a negligent misrepresentation upon which Kurtz had justifi ably relied. The jury awarded $24,000 in damages. Mewhinney appealed the judgment. What was the negligent misrepresentation at issue? What do you think the outcome of the appeal was? Why?

Reference no: EM131675141

Questions Cloud

Consumption bundle that maximizes marginal utility : A consumer always chooses the consumption bundle that maximizes her marginal utility, given her budget constraint.
Define why is it important to know the animal or person : Why is it important to know the animal or person you are teaching. Use an example from the book and one from your own life to elaborate
What is the difference between common law and statutory law : What is the difference between common law and statutory law? Benefits and drawbacks of working in a centralized and/or a decentralized organization.
Derive her optimal consumption bundle : Derive her optimal consumption bundle. Show the calculation, and illustrate your answer graphically please.( indifference curves and the budget constraint).
What was the negligent misrepresentation at issue : Mewhinney appealed the judgment. What was the negligent misrepresentation at issue? What do you think the outcome of the appeal was? Why?
Calculate marginal revenue as a function of q : It current charges $1.50 per bottle. If it lowers price by 10 cents to $1.40 on every bottle than it expects to sell 100,000 additional bottles per day.
Explain how we inadvertently teach appropriate : Explain what Amy Sutherland means when she writes that any interaction is training
Prepare an abstracted form of the given article : You need to choose two research journal articles that you will (possibly) be using for the final project. Prepare an abstracted form of the article.
Review problem related to the school of dancing : Audrey Vokes was a 51-year-old widow who wanted to become an accomplished dancer. She was invited to attend a dance party at J. P. Davenports' School of Dancing

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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