Ask Strategic Management Expert

Solved the given cases using IRAC format-

Case 1- Meran v. MacDonald, 2006 U.S. Dist. LEXIS 79069 (U.S. Dist. Ct. S.D. Cal.)

Case 2- Grunden-Martin v. Fairmount

On April 20, Grunden-Martin wrote to Fairmount, in part: "Please advise us the lowest price you can make us on our order for ten carloads of Mason green jars...state terms and cash discount." On April 23, Fairmount replied by letter. "Replying to your favor of April 20, we quote you Mason fruit jars....pints $4.50, quarts $5.00, half-gallons $6.50, per. gross, for immediate acceptance." On April 24, Grunden-Martin sent a telegram ordering ten carloads of quarts. On that same day Fairmount responded by telegram, "Impossible to book your order. Output all sold." Grunden-Martin claims that there is a contract. Is there?

Case 3- Jeff visited a car dealership and test-drove a used car. After discussing the price with the salesman, Jake, and learning that he could purchase the car for $500 less than the sticker price, Jeff asked Jake to hold the car for him until 8:00 that evening so that he could bring his wife back to see the car. Jake agreed, writing out a note promising not to sell the car before 8:00 PM. The note was written on dealership stationery, but Jake did not sign his name. The dealership broke its promise and sold the car to Jones before 8:00 PM. Was it free to revoke its offer to Jeff? Jones, the new purchaser of the car (and a nonmerchant), later offered in a signed writing to sell the car to Jill and to hold the car for her until she returned with her husband. Could Jones revoke this offer?

Case 4- Michael Freeman and Cindy Hazen listed an auction on eBay for their historic home, which was once owned by Elvis Presley. A partnership formed to participate in the auction for the home and used partner Peter Gleason‘s eBay account to do so. eBay's terms and conditions state "eBay Real Estate's auctions-style advertisements of real property do not involve legally binding offers to buy and sell. Instead ega Real Estate's auctions are simply a way for sellers to advertise their real estate and meet potential buyers. The sellers' real estate broker, however, contradicted that language on the home's eBay auction site, gar. ing the following: "Please note that bidding on eBay is a legally binding contract in which the winner commits to following through on the purchase." The broker included that language to deter frivolous bids. During the bidding process Mike Curb offered to buy the house immediately and stop the auction; however, he was not willing to meet the sellers' $1.3 million ask. So, the auction continued. When the bidding of-ficially ended, an eBay automated message informed the Gleason partnership that they had submitted the winning bid of just over $900,000. Two days later, the partnership's real estate agent sent the sellers a "proposed sale contract," about which they had further discussion. A few days later, Curb renewed his offer to purchase the house, this time for $1 million. The sellers and Curb signed a contract for the sale of the house later that week and refused to sell to the Gleason partnership. The partnership sued for breach of contract arguing that the language the sellers broker appended to the listing overrode the eBay terms and conditions and created a binding contract upon their bid being declared a binding contract upon their bid being declared a winner. Are the Gleason partners correct?

Strategic Management, Management Studies

  • Category:- Strategic Management
  • Reference No.:- M91525889
  • Price:- $50

Priced at Now at $50, Verified Solution

Have any Question?


Related Questions in Strategic Management

Question - the discussion thread is centered on the

Question - The discussion thread is centered on the resource-based view of the firm as espoused by Jay Barney. In the section on Human Resources in your text, Barney's focus on the correlation between superior financial ...

Please use enterprise rent a car for organizationcreate the

Please use ENTERPRISE RENT A CAR for organization Create the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks' components and incorporates instructor feedback. The strategic ...

Strategic management assignment - authentic research

Strategic Management Assignment - Authentic Research Portfolio This assignment focuses on your understanding and appreciation of Strategic Management Inputs. You are required to identify a corporation in the Agribusiness ...

Business strategy assignment - business strategy

Business Strategy Assignment - Business Strategy: Telecommunication Sector (UK) Purpose of this assignment - This assignment is designed to develop students' awareness of the different kinds of strategy which could be us ...

Assignment -case - real-world cases wipro and

Assignment - CASE - Real-World Cases: Wipro and MBH Self-service is a very valuable tool. HR departments can use an integrated ERP self-service design to provide employees and consumers with a user-friendly interface for ...

Assessment - blog and learning reflectionsassessment

Assessment - Blog and Learning Reflections Assessment Criteria - Demonstrate regular use of the weekly blog by providing clear cross-referencing between report and at least 8 time-stamped meaningful blog entries THROUGHO ...

Complete a value chain analysis of an organization from ksa

Complete a value chain analysis of an organization from KSA. For this assignment, complete the following: - Explain the concept of value chain. Identify and discuss value chain strategies in your present organization or ...

What is related diversification what is unrelated

What is related diversification? What is unrelated diversification? Provide examples of each and compare and contrast the two types.

Question choose an organization according to the

Question: Choose an organization according to the following: • Current employer • Most recent or former employer • Place of business that you have patronized or have been familiar with over a long period of time. - Avoid ...

Question a rental company owns a building from which it

Question: A rental company owns a building from which it leases out multiple offices. During the year it received the following advance rental payments for one-year leases from separate tenants: $24,000 in June, $36,000 ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As