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Wilson Floors is a flooring subcontractor working with Merck Construction in a project to build a commercial aircraft testing facility owned by Budcraft, Inc. When Merck Construction, the general contractor, fell behind in payments to Wilson Floors, Wilson stopped work on the project. A representative of the bank that was financing the development orally assured a representative of Wilson Floors that if Wilson would return to work, the bank would pay the company for the work if the general contractor failed to do so. After the project was finished and Wilson submitted its final bill, neither the general contractor nor the bank paid Wilson. Wilson then sued the bank to recover compensation for its work. The bank argued that its promise to Wilson was not enforceable because such promises must be in writing. How will the trial court judge hearing this case analyze the following questions?
a. Did the bank incur a primary or secondary obligation to Wilson Floors when it promised to pay Wilson if the general contractor failed to do so?
b. In the situation of either a primary or secondary obligation, must this contract be in writing to be enforceable against the bank? Why or why not?
The following is a table of activities associated with a project at Bill Figg Enterprises, their durations and what activities each must precede: Define the critical path, listing all critical activities in chronological order and list the project du..
research the phase resources to research the role of the project manager and then write a 150-word summary of the role
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Fan manufacturer uses a periodic review inventory system to purchase electric motors. The review period is 4 weeks and the lead time is 2 week. Demand for electric motors is normally distributed with a mean of 800 per week and a standard deviation of..
The process of an internal employee or outside consultant reviewing employee behavior to note any deviations from the company’s ethics standards and bringing them to the attention of the company is called a: If a company obeys the laws of a country i..
A metal fabricator produces connecting rods with an outer diameter that has a 1 ± .01 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.002 inches with a standard ..
Define the term de facto corporation and list the 3 terms that must exist in order for it to exist. Define the term corporation by estoppel.
Illustrate integrative learning in outlining the components of the program, their importance and why the program should be developed. Integrate research from the course text, other academically appropriate resources, and personal experiences.
The vice president of manufacturing of your company, June Seymour, has asked you to send her an email that lists the key elements of a total quality management approach and outlines the benefits and risks of adopting a TQM approach for the company. C..
A description of a business situation that presents a legal and ethical issue. A description of at least two ethical theories under which the situation will be analyzed. An explanation of the specific areas of law under which the situation will be an..
Do you agree that the success of corporations rests in their capability to communicate effectively, to convince stakeholders of their point of view, and persuade them to respond in a desired manner?'
A service garage uses 120 boxes of cleaning cloths per year. Boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on annual basis. What is annual cost of ordering and carrying cloth.
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