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Which of the following contracts would be valid? If they aren't valid, state why they aren't valid. HINT: Think about whether or not the contract has a legal AGREEMENT and/or CONSIDERATION.
1. Elise and her 18 year old son sign a contract where Elise promises to give her son a car of his choice if he doesn't drink until he is 21.
2. A contractor discovers a pipe in the way when he is building his client's house and it will cost him an additional $10,000 to move it. He then gets his client to sign a new contract to cover the additional $10,000.
3. Al sells an ugly painting at his garage sale to Brian for $5. Brian then tells him that he just bought a Van Gogh worth $60,000. Al wants to get out of the deal, can he?
4. Sue sees a telethon on the television and feels sorry for the people who need help. She calls in and pledges $100.
5. A company sends Wyatt a DVD in the mail and states that if he decides to keep the DVD he owes them $15.00. If he doesn't want the DVD, he needs to send the DVD back or he is deemed to have accepted it.
Assume your university has recently developed a grant program for student clubs. The goal of the program is to award between $5,000 and $10,000 per club for activities that promote academic research and/or travel to industry conferences.
A product used in a laboratory of the hospital costs $ 60 to order, and its carrying cost per item per week is one cent. Demand for the item is six hundred units weekly. What would be the reorder point for this item if no safety stocks were kept? Wha..
Discuss the sequence of activities that are involved in hiring an accounts payable clerk. Explain the data that should be included in a job analysis of that position.
Indicate whether a debit or credit decreases the normal balance of each of the following accounts.
What are key human resources concerns and considerations related to compensation when an organization expands and moves into two or more geographical markets? Will total compensation in existing markets be affected by the organization's expansion ..
Review information about uncertain reduction (Chap. 3 in the Dainton & Zelley textbook). Then refer to Table 3.3. Choose any ONE of the axioms (list it so we know which one you are discussing) and explain how this axiom played out in either assisting..
Sustainability is a growing demand for performance practitioners to address. Explain the role and function of evaluation in creating and demonstrating sustainability. (Keep in mind that sustainability may have two meanings – sustaining the change req..
extinction as strategies for changing employee behavior. Include the type of behavior each strategy is designed to influence.
What are practices that organizations can use to motivate and encourage it's employees to embrace diversity?
Fobert complains to Selena, his co-worker that he is overloaded with work and cannot cope. Selena responds that the work he has is nothing compared to hers. She tells him that he should be thankful that he does not work with her boss. It is a blockin..
Consider a fault tree with an AND gate under the top event. The first tier contains four failure events with respective failure probabilities of 0.005, 0.002, 0.01, and 0.0001. What equation should you use to compute the probability of the top even..
FedEx Corp. stock ended the previous year at $103.39 per share. It paid a $0.35 per share dividend last year. It ended last year at $106.69. If you owned 200 shares of FedEx, what was your dollar return and percent return?
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