Based on your reading of chapter 9 or the text reed, Ask an Expert

Management Studies

Based on your reading of chapter 9 or the text (Reed, Pagattaro, Cahoy, Shedd, & Magid, 2015) and considering how a contract can be legally discharged and when a contract can be breached, respond to the learning activity below. As a new sales representative for Misco Equipment Corporation, you take a customer out to dinner. Before dinner is over, you have shaken hands on a deal to sell the customer nearly a half-million dollars' worth of industrial equipment. In writing up the formal contract the next morning, you discover that you miscalculated the equipment's price. Your error could cost Misco $60,000. You telephone your customer and explain the situation. Is the "deal" you made an enforceable contract? Assuming the contract is enforceable, does the mistake you made permit you to get out of the contract? What do you think will happen in this situation?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93127614

Have any Question?Write your Review or question?

Related Questions in Operation Management

Mcdonaldrsquoswhen a customer drives up to the speaker box

McDonald’s When a customer drives up to the speaker box at some McDonald’s drive-throughs, their order is placed with an employee located in a distant call center. The order, along with a photograph taken to the match th ...

Assignmentovervieweconomic practices for managers this

Assignment Overview Economic Practices for Managers This course addresses the fundamental economic principles of decision making, including opportunity costs, factors of production, and competitive and comparative advant ...

Describe the various types of symbols that can be used to

Describe the various types of symbols that can be used to communicate an organization's values. Provide an example of each. Why are symbols important to examine when taking a cultural approach to organizations? Describe ...

1 how dose any authors description of mature management

1) How dose any author's description of mature management decisions square with your understanding of the ethical business decision? 2) How does the rule and level of control of the corporate shareholder changed, which d ...

How can hr staff work with organizational managers to

How can HR staff work with organizational managers to create an effective incentive and motivation plan to make employees more effective and efficient? Based on your assigned readings for this module, consider the relati ...

Please write a 2 to 3 page case study about ldquoamerican

Please write a 2 to 3 page case study about “American Express: Bank 2.0”- (Case study 2: Strategic Management: Competitiveness and Globalization 12e: Hitt, Ireland, Hoskisson (page C30)) This case describes a unique oppo ...

1 select an organization like a restaurant department store

1. Select an organization like a restaurant, department store or electronics store in a community context with which you are familiar. Analyze how it might pursue (a) a low-cost or (b) a differentiation strategy. (Approx ...

1 generally all companies are in business to generate

1. Generally, all companies are in business to generate profits and increase shareholder value. Yet, the Canadian Marketing Assoc. definition of marketing does not explicitly mention profits or shareholder value. Why do ...

What if any are the ethical reasons why rjr should change

What, if any, are the ethical reasons why RJR should change its promotions and what, if any, changes should it make? Are any of the arguments tobacco companies make in their defense legitimate? Explain. What would each o ...

Evaluation processparameters this assignment consists of

Evaluation Process Parameters: This assignment consists of three essay questions designed to measure your understanding of the evaluation process. What is the relationship among the four levels of evaluation? Would you a ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert