Factual situation number one jon revolta a minor had hopes, Ask an Expert

Management Studies

FACTUAL SITUATION NUMBER ONE: Jon Revolta, a minor, had hopes of becoming a great "disco" king, so he went to a jewelry store and purchased a gold medallion necklace for $2,000. After a week of constant responses at the "disco" such as "Buzz off, Turkey", Jon decided that being a "disco" king required more than a gold medallion, and that he had wasted $2,000. Jon went to the jeweler, demanded his money back, and tendered back the necklace.

Must the jewelry store refund Jon’s money? Was a contract created when Jon purchased the medallion? Why or why not? Was a contract consummated when Jon wore the medallion to the disco? Why or why not? Is the jewelry store entitled to withhold a portion of the money as “rent” for using the medallion for a week? Why or why not?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93132276

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 compare the health insurance benefits between target and

1. Compare the health insurance benefits between Target and Walmart. 2. Compare the employee discount benefits between Target and Walmart. 3. Write a short essay comparing the benefits of Target and Walmart including Hea ...

When looking at the life of a project plan it is useful to

When looking at the life of a project plan, it is useful to graph and outline the cost variance (CV), and schedule variance (SV). Determining progress, or lack of progress, provides essential information to assess a give ...

The five key goals of the operations manager are to reduce

The five key goals of the operations manager are to reduce costs, reduce variability and improve logistics flows, improve productivity, improve quality of customer service, and continuously improve business processes. De ...

Nissan motor compnay ltd building operational resiliency by

Nissan Motor Compnay Ltd.: Building Operational Resiliency By William Schmidt and David Simchi-Levi Answer the following Question : 1. The case identifies several aspects of the Nissan response that were particularly ben ...

1 many us firms with a large percentage of their revenues

1. Many U.S. firms with a large percentage of their revenues derived in foreign countries prefer to leave their cash outside the United States because using those funds to pay dividends or purchase treasury stock would a ...

1 what type of budgeting requires each manager to justify

1. What type of budgeting requires each manager to justify an entire budget request in detail? A. Capital budgeting B. Balance sheet budgeting C. Revenue and expense budgeting D. Zero-base budgeting 2. Please help me "fi ...

A knotty problemnice wood products is a small but

A knotty problem Nice Wood Products is a small but successful Pacific Coast firm that produces standard types and grades of lumber for the domestic construction industry. This includes 2x4s and 2x6s used in framing as we ...

Millions of americans work from offices in their homes

Millions of Americans work from offices in their homes. Following is a sample of age data for individuals who work at home. 18 54 20 46 25 48 53 27 40 36 42 25 27 33 28 1. C ...

What are some of the most important considerations that a

What are some of the most important considerations that a HIT administrator has relative to the purchase of HITdevices (health information technology)? Is it fair or proper that administrators expect a high return on inv ...

1 the new ceo has good insight into the ed issues assuming

1. The new CEO has good insight into the ED issues. Assuming that his assessment of the situation is accurate, discuss how his continued support could affect the outcome of any ED IS strategic plan. 2. What is the role o ...

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