Terms prevent possible performance within one year

Assignment Help Operation Management
Reference no: EM131150465

Assume two (2) parties enter into an oral agreement that must generally be in writing in order to be enforceable. (The “statute of frauds” indicates that the following four (4) types of agreements must be in writing: 1) contracts whose terms prevent possible performance within one year; 2) promises made in consideration of marriage; 3) contracts for one party to pay the debt of another if the initial party fails to pay; and 4) contracts related to an interest in land. According to the Uniform Commercial Code, contracts for the sale of goods totaling more than $500 must also be in writing.)

From an ethical standpoint, even though the parties have entered into an oral agreement, is it permissible for one of the parties to deny liability based on the statute of frauds or Uniform Commercial Code writing requirement? In your reasoned opinion, should a party honor an oral contract, even though the law technically requires the agreement to be in writing?

Reference no: EM131150465

Previous Q& A

  Core values and philosophy-relationships and community

Person Centered Care identified the following 9 structural elements needed to support assisted living: The structural elements needed to support Person Centered Care PCC in assisted living are: Core Values and Philosophy. Relationships and Community

  Structural approaches the business uses

Choose an organization or business you are familiar with or would like to learn more about. You will be focusing on learning about the organizational structure that is being used and the driving and restraining forces. Select your business and give a..

  Distinguish among various bargaining techniques

Distinguish among various bargaining techniques. Refer to the techniques as bargaining strategies, and bargaining tactics. In a 1-2 page paper, discuss the two main types of bargaining strategies of distributive bargaining and interest based bargaini..

  Give simple definition for the term pneumoconiosis

Give a simple definition for the term "pneumoconiosis." Name three of these seven "oses," and for the three you have selected, identify the cause of each.

  What is cross-docking

What is cross-docking and why is it an important concept for many corporations? Support your answer with examples.

  Walking and working surfaces

Explain why the title for a major OSHA is "Walking and Working Surfaces" instead of simply "Floors". Name 10 different walking and working surfaces.

  Synergy and decision making

Discuss how synergy improves decision making. If this synergy would lead your team in an unethical direction, what would you do as a supervisor?

  Specific leadership style in light of competitive advantage

In leadership, how do you think it could be communicated to the market about the organizations' specific leadership style in light of competitive advantage?

  What is the law of diminishing returns

What is the law of diminishing returns? Give an example of what the law of diminishing returns implies. What happens when the government raises taxes and uses revenue to engage in spending?

  Explaining concentric zone theory

Write a 200 -word paper explaining concentric zone theory and how it could be useful in developing policing policies if coupled with the proper statistical data. Remember to explain what type of statistical data would be useful and how it relates..

Reviews

Write a Review

 

Similar Q& A

  Implications of the age discrimination in employment act

When we are performing our staffing jobs, we aren’t working in a vacuum from the rest of society. What are the broader implications of the Age Discrimination in Employment Act of 1967 and the Immigration Reform and Control Act of 1986 for the organiz..

  A local distributor for a national tire company expects

a local distributor for a national tire company expects to sell 9600 radial tires of a certain size and tread design next year

  Higher carrying costs or less inventory-less carrying costs

Discuss the use of safety stock and how that relates to customer satisfaction. Would you error on having more inventory and higher carrying costs or less inventory and less carrying costs? Justify your answer.

  Make a list of three best practices for reading spot market

the market for foreign exchange please respond to the followinga banks find it necessary to accommodate their clients

  Maintain higher inventories

Searches related to Two industrial distributors each start out selling a single brand of motor and both achieve annual sales of $100,000 after one year. Over the next two years, both grow their annual sales to $1,000,000. The first distributor grows ..

  What is average inventory level under this ordering policy

Fisher Price produces various high quality BPA-free plastic toys. The production process requires a special industrial chemical. Currently, annual demand for this chemical 2000 pounds. How many pounds of this chemical should Fisher Price order each t..

  Factors in the organization external environment

Prepare and present a video that is a maximum of five to seven (5-7) minutes OR write a four to six (4-6) page paper in which you: Specify the nature, structure, and types of products or services of Apple, and identify two (2) key factors in the orga..

  Develop a communication plan for quality improvement program

Analyze the pros and cons of the quality improvement program that you are proposing for the organizational process that you identified. Justify the need for this program, and detail all of the program specifics, including a time line from launch to ..

  What are some of pros and cons of permitting interest group

What are some of the pros and cons of permitting interest groups to participate in rulemaking? Use scholarly and professional literature to support your opinion. Use references.

  Calculate capacity of machine center and capacity of system

Beck Manufacturing Al Beck, president of Beck manufacturing, wants to determine the capacity of his facil- ity, which produces steering gears for auto manufacturers.

  Protected characteristics covered by equal employment

Discuss some of the protected characteristics covered by equal employment opportunity and why they are important in today’s employment setting?

  Emerged as a result of the hawthorne studies

Which of the following is most accurate when describing the management thinking that emerged as a result of the Hawthorne studies?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd