Provide decision in the given situation

Assignment Help Management Theories
Reference no: EM131386531

Terminal Grain Corporation brought an action against Glen Freeman, a farmer, to recover damages for breach of an oral contract to deliver grain.

According to the company, Freeman orally agreed to two sales of wheat to Terminal Grain of four thousand bushels each at $6.21 a bushel and $6.41 a bushel, respectively.

Dwayne Maher, merchandising manager of Terminal Grain, sent two written confirmations of the agreements to Freeman. Freeman never made any written objections to the confirmations.

After the first transaction had occurred, the price of wheat rose to between $6.75 and $6.80 per bushel, and Freeman refused to deliver the remaining four thousand bushels at the agreed-upon price.

Freeman denies entering into any agreement to sell the second four thousand bushels of wheat to Terminal Grain but admits that he received the two written confirmations sent by Maher. Decision?

Reference no: EM131386531

Questions Cloud

Forward resolution and reverse resolution : What is the difference between forward resolution and reverse resolution? When is it better to use reverse resolution?
Determine the firm supply curve : Suppose that the manager of a firm operating in a perfectly competitive firm has estimated the firm’s AVC function to be: Determine the firm’s supply curve. What should be the industry price for the firm to produce 400 units of output in each period?
Hackers-operation get rich or die tryin : Research the group members identified in the video "Hackers: Operation Get Rich or Die Tryin'"-Albert Gonzalez, Stephen Watt, Damon Patrick Toey, Humza Zaman, and Christopher Scott. Pick a member of the gang and describe his motivation when he sta..
Should despero remain in market in long term at that price : A.Despero Inc. has a production cost function described by C(q)=250+40/q+20q, and an associated marginal cost function of MC(q)=20-40/q^2. Currently, the price of the Despero product is $10 per unit. How much Despero Inc. should produce if it chooses..
Provide decision in the given situation : Freeman denies entering into any agreement to sell the second four thousand bushels of wheat to Terminal Grain but admits that he received the two written confirmations sent by Maher. Decision?
Draw and label the four load and reaction forces : Draw and label the four load and reaction forces, using leaders and a text style based on the romans.shx font. Create another layer named Dimensions using the color cyan. Dimension the front view, placing the dimensions on layer Dimensions.
How would heterogeneous grouping assist fifth grade : According to Bradley (2016) an established theory allows for structure in the case study which assists in developing a comprehensible descriptions of the phenomenon, and this leads to identification of key variables for more in depth-research.The ..
Develop a marginal profit and loss statement : Develop a marginal profit and loss statement for this business opportunity. What is meant by benefit/cost ratio, average payback period and ROI and why are the all important to understand when purchasing new equipment?
An incumbent and entrant face a market : An incumbent and entrant face a market of 100 buyers. Each buyer has a RP of $100 for the incumbents as well as entrants product. At each round each buyer is interested in buying no more than one unit of the product. In the ?rst round, the incumbent ..

Reviews

Write a Review

Management Theories Questions & Answers

  The power-law nature of the gpd

Use the parameters given in equations (8.48)-(8.50) to show that the GPD distribution of (8.47) reduces to the power-law distribution (8.51).

  Construct a sensitivity graph to illustrate the situation

They wish to know how many years it is will take to save €5 0 000 and how sensitive this result is to a 5% and a 10% increase or decrease in the amount saved per year and in the interest rate. Construct a sensitivity graph to illustrate the situat..

  Do you feel you used a rational decision-making model

Finally, what about the third approach to decision-making - intuition? How did you use intuition in your decision-making process? Explain. (Remember that we often combine our "gut feelings" with some rational dimension.)

  Shareholder view of corporate social responsibility

Samarco (2015) mine disaster in Brazil.1. Summarise the case and identify the major issues facing BHP.2. Assuming the Shareholder view of Corporate Social Responsibility, what SHOULD BHP do inthe wake of this disaster?

  What are the benefits of integrating market research

What are the benefits of integrating market research findings into planning for quality service? Although the key indicator of Japanese marketing success in the motor vehicle manufacturing and other industries is their customer focus, there are oth..

  Alternative submission method

Alternative submission method

  Compare the three schools of management thought

1. Compare the three schools of management thought and discuss which theory as per you is most important and why?

  Produces three kinds of table wine-a blush

The Otter Creek Winery produces three kinds of table wine-a blush, a white, and a red. The win- ery has 30,000 pounds of grapes available to produce wine this season. A cask of blush requires 360 pounds of grapes, a cask of white requires 375 poun..

  Two different managerial-type jobs

Two different managerial-type jobs you have personally observed

  Empowerment improved customer service

A study of bank employees concluded that empowerment improved customer service and tended to reduce conflict between employees and their supervisors. Given this study, explain the term empowerment and identify strategies at this bank (or any workplac..

  What would the overall goals of your plan

If you were to design your own workout plan, what would the overall goals of your plan be? For example, lose weight, increase muscle mass, stronger muscles, etc

  Design the physical layout for the him department

Design the physical layout for the HIM department for a 250-bed acute care hospital. When designing the department, consider the equipment needs, the workflow, and the tasks involved.

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