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Firm Offer Gordon Construction Company (Gordon) was a general contractor in the New York City area. Gordon planned on bidding for the job of constructing two buildings for the Port Authority of New York. In anticipation of its own bid, Gordon sought bids from subcontractors. E. A. Coronis Associates (Coronis), a fabricator of structured steel, sent a signed letter to Gordon. The letter quoted a price for work on the Port Authority project and stated that the price could change, based upon the amount of steel used. The letter contained no information other than the price Coronis would charge for the job. One month later, Gordon was awarded the Port Authority project. Four days later, Coronis sent Gordon a telegram, withdrawing its offer. Gordon replied that it expected Coro-nis to honor the price that it had previously quoted to Gordon. When Coronis refused, Gordon sued. Gordon claimed that Coronis was attempting to withdraw a firm offer. Who wins? E. A. Coronis Associates v. Gordon Construction Co., 90 N.J. Super. 69, 216 A.2d 246, Web 1966 N.J.Super. Lexis 368 (Superior Court of New Jersey)
It is performance appraisal time and you must plan interviews with you subordinates. Your subordinates fall into one of three categories: (1) effective performers who have potential for advancement; (2) effective performers who lack motivation or abi..
What was so different about marketing today as opposed to the past? Where do you see marketing going in the future? Why should we care about consumer behavior and the rapid changes in their behavior?
Express as a percentage with one decimal place. Do not include the percent sign. If your calculator says 0.7543, you would answer 75.4. The answer is 31.8.
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Do you believe that when you sign a consent form, your information will not be shared with others? Do I need to sign a consent form before my PHI is protected? Why or Why not? How can I utilize PERT analysis in the Volkswagen emission scandal? What i..
What is your assessment of Alibaba’s six core values? Is there anything particularly Chinese about these core values or do you notice that it is blended with other cultures' values? The organizational culture at Alibaba is a combination of attractive..
You have been named the new safety officer for a metropolitan hospital. Your department manages all issues related to safety at the hospital. The hospital has recently experienced increasing bad outcomes and patient safety violations that are threate..
List and explain five categories of external risk assessment which need to be addressed by a multinational enterprise?
Discuss about the social change in the marketing.In the recent years, the pursuit for institutions, "practical researchers" and individuals to join in the crusade for social change has been remarkable; as many people around the world are reaching o..
Can a retailer ever operate in a pure monopoly situation? If you believe that this is possible, provide an example and explain what dangers this retailer faces. If you believe this is not possible, explain why not.
LI uses the economic order quantity as their fixed order size. Suppose the opportunity cost of capital also all other inventory cost is 15percent annually also that there 50 weeks in a yr. Elucidate how many cans of cat food should CLI order at a ..
Waygate's residential internet modem works well but is sensitive to power-line fluctuations. On average, this product hangs up and needs resetting every 200 hours. On average about 45 minutes is needed to reset this product. What is this product's..
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