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Intent to enter into a contract is important in the contract’s formation. Intent is determined by the objective theory of contracts. That is, it is judged by outward, objective facts as they would be interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Summarize your understanding the objective theory, and identifying facts and circumstances that should be considered by the court when enforcing the contract, in determining what are the terms of the contract? Do you agree that with the goal of adding stability and predictability to society’s actions that an objective theory is the only possible method to determine what the parties intended. What would happen if the person’s subjective belief were allowed to control the interpretation of the enforcement process?
Describe the organizational structure at your current or most recent place of employment, using the organizational characteristics
Susan Williams has been the production manager of Medical Supplies, Inc. for the past 17 years. Medical Supplies Inc. is a producer of bandages and arm slings. During the past 5 y ears, the demand for No-Stick bandages has been fairly constant.
If the 10th unit contained labor costs of $2.5 million, what price should Western Turbine charge for labor on units 11 and 12 to make a profit of 10 percent of the selling price?
What are two major forms of debt financing? Describe and differentiate between the two types.
New materials handling equipment is expected to save a manufacturer $20,000 per quarter for this year and $21,000 per quarter for the next four years. Assume that the savings begin now. Assume the manufacturer uses an annual interest rate of 8% per y..
With your "sponsor", determine the quality baseline for the project. What standards will you use?
Identify ways in which an effective change agent can build a change-friendly organizational culture.
A company purchases an asset that costs $30,000. This asset qualifies as three-year property under MACRS.
Robert Nardelli was heavily criticized for his leadership style and methods he used during his tenure as CEO of Home Depot. Using your readings for this week, along with outside research, describe his style of leadership and take a position on whe..
Given an activity in an advertising project whose planed cost was exist12,000 but actual cost to date is exist10,000 so far and the value completed is only 70.
China Limits Exports of Rare Earth Metals. Rare earth metals are set of 17 chemical elements in periodic table-include scandium, yttrium, cerium and lanthanum.
Is the employee covered under workers’ compensation for sustaining injuries by falling in a parking area designated for use by the general public?
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