Exchange international leasing corporation

Assignment Help Management Theories
Reference no: EM131045701

Consolidated Business Forms leased a Phillips business computer from Benchmark. Benchmark subsequently transferred the lease and promissory note to Exchange International Leasing Corporation. Consolidated stopped making rental payments when the computer malfunctioned, and Exchange International brought this suit to recover the payments due on the promissory note. Consolidated defends on the grounds that Benchmark prevented its agent, Mr. Spohn, from examining the contents of the agreement between the two companies and further represented that the computer would be removed with a complete refund if it failed to operate properly. Is Exchange subject to Consolidated's defense?

Reference no: EM131045701

Questions Cloud

The value of gillettes stock : Assume Gillette corporation will pay an annual dividend of 0.67 One year from now. Analysts expect this dividend to grow at 11.3% per year thereafter until the 6th year. Thereafter, growth will level of at 2.3% per year. According to the dividend-dis..
Beta is a measure of volatility : Beta is a measure of volatility. Discuss how beta is utilized by the individual investor for decision making regarding one particular stock. Also, discuss how to utilize beta when examining one particular stock to fit within a portfolio of stocks. Ap..
Important properties of information goods : a. List the important properties of information goods b. Explain positive feedback with diagrams
An investment project provides cash inflows : An investment project provides cash inflows of $1,350 per year for eight years. What is the project payback period if the initial cost is $4,250? What is the project payback period if the initial cost is $5,300? What is the project payback period if ..
Exchange international leasing corporation : Consolidated Business Forms leased a Phillips business computer from Benchmark. Benchmark subsequently transferred the lease and promissory note to Exchange International Leasing Corporation.
Interest is paid semiannually : Sunn's Co.'s bonds, maturing in 9 years, pay 15 percent interest on a $1000 face value. However, interest is paid semiannually. if your required rate of return is 11 percent, what is the value of the bond? How would your answer change if the interest..
Two bond issues outstanding-paying the same annual interest : Crawford inc has two bond issues outstanding, both paying the same annual interest of $110, called series A and series B. Series A has a maturity of 12 years, whereas series B has a maturity of 1 year. Why does the longer term (12 year) bond fluctuat..
Give a detailed sketch of this algorithm : For simplicity, assume a perfect timeout mechanism that detects a lost packet exactly 1 RTT after it is transmitted.
What will cash flows for project-before-tax operating costs : You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $60,000. The truck falls into the MACRS 3-year class, and it will be sold after three years for $20,900. Use of the truck wil..

Reviews

Write a Review

Management Theories Questions & Answers

  What legal risks are raised by dr. stevens actions

You are head of risk management for a medical group that is employed by a hospital. You have just learned that Dr. Stevens, an orthopedic surgeon, has sent Christmas gifts for the past three years to every primary care provider who has referred patie..

  The results of the marketing research

The results of the marketing research

  Discussion and analysis of key metrics

Include discussion and analysis of key metrics at the end of each decision point (e.g., among other data, be sure to include total market share, revenue, cumulative profit, consumer net price, modular price, unit cost, etc.).

  An agreement between the ice manufacturers

An agreement between the ice manufacturers not to sell ice below a stated price and to divide the profits in a certain proportion. Discuss about the validity of the agreement.

  Epidemiologic factors are crucial for effective healthcare

Epidemiologic factors are crucial for effective healthcare strategic planning, they are fundamental. What are the key epidemiological factors that you will consider in preparing the strategic plan for your own medical organization? Provide several sp..

  Accommodate local cultures in their international operations

To what extent do Multinational Corporations, transform, compensate or accommodate local cultures in their International operations

  Designing global market offerings

Before a leather goods manufacturer expands into foreign markets, it should consider the risk associated with:

  Determining the field service engineer

An employee worked as a "field service engineer" for a company that sells robotic test and inspec- tion equipment. He was paid a salary. He was the company's main contact with one of its largest clients, Max Media. His primary duty was to in- stal..

  Challenge of managing in a matrix organization

How has HHSA met the challenge of managing in a matrix organization? What strategic benefits has the county reaped from this approach

  What is the taxpayer taxable income

What is the taxpayer's taxable income (loss) if The taxpayer is a publicly held corporation? The taxpayer is a closely held corporation?

  Marketers must successfully build relationships to connect e

Marketers must successfully build relationships to connect effectively with customers, others in the company, and external partners

  Explain the purpose ,procedure & related documentation

Explain the purpose ,procedure & related documentation required of initial ordering and purchase ,inspection of materials,storage,stock control, inventory stock taking?

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