Purchase price through neighbors corner company

Assignment Help Operation Management
Reference no: EM131627790

Jamey buys a car from Motorsports Corporation, but he obtains a loan for the purchase price through Neighbors Corner Company (NCC). Jamey does not pay his loan. NCC takes or repossesses the car. NCC's tells Jamey that $5,000 is needed for him to get back his car, which will it will sell soon if it the money is not paid before May 15. However, the actual amount to get the car back is $4,000. When the sale is held on May 15, what reasons might Jamey successfully sue NCC?

Reference no: EM131627790

Questions Cloud

How much must johnny williams invest : How much must Johnny Williams invest today to have an amount equivalent to investing $2,800 at the end of every six months for the next 15 years.
Tort liability on the pharmaceutical industry in general : Evaluate the impact of business tort liability on the pharmaceutical industry in general
How much must be set aside at the end of each year : How much must be set aside at the end of each year by the Caroline Cab Company to replace four taxicabs at a cost of $90,000?
How might market factors affect the scale of production : How might market factors affect the scale of production? Why may a small business owner want to avoid growth
Purchase price through neighbors corner company : Jamey buys a car from Motorsports Corporation, but he obtains a loan for the purchase price through Neighbors Corner Company (NCC).
Coffee for coffee cart business : Francine must purchase $1,500 of coffee for her coffee cart business. Describe the best practice for Kevin to inform others he has an interest in the cart?
Mcewen and wills classification of theories : Please describe the differences between McEwen and Wills' classification of theories to that of Alligood and Tomey's categorization of theories.
Caroline will recover from mario because the contract : Caroline will recover from Mario because the contract between them was unconscionable.
Responsibilities include decisions on product development : Trent’s responsibilities include decisions on product development, marketing, and other significant business directions.

Reviews

Write a Review

Operation Management Questions & Answers

  Considering the introduction of new product line

A computer keyboard manufacturing company is considering the introduction of a new product line. The initial investment required for this project is $500.000. and annual maintenance costs are anticipated to be $35,000. Annual operating costs will be ..

  Annual rate type of loan of return

The planning committee of a bank makes monthly decisions on the amount of funds to allocate to loans and to government securities. Some of the loans are secured (backed by collateral such as a home or an automobile) and some are unsecured. A list of ..

  Using an electronic health record system

Kay Carnes has begun consulting for a dialysis facility that began using an electronic health record system approximately six months ago. On her first consultation visit, she examined both the electronic and paper portions of the patient record.  Wha..

  Federal laws governing criminal justice operations

Federal laws governing criminal justice operations in the United States are few and, in some instances, conflicting. Restrictions are placed on some types of investigations that are absent in others, for example. This past year, some jurisdictions pa..

  Draft your recommendation to management

Analyze whether or not the company should continue manufacturing in Canada or if it should move back to the United States. This requires research into transportation cost estimates from Colorado to Toronto. It also requires analyzing the impact on..

  Examine whether the three approaches can be used

Six Sigma was started at Motorola but gained great visibility as a result of its implementation at General Electric under the tutelage of Jack Welch.

  Describe the four basic types of project organization

Describe the four basic types of project organization and describe the project characteristics of each organization in relation to the project manager's authority, resource availability, who controls the project budget, the project manager's role, an..

  Marketing strategy for each of decisions entered into game

What was your marketing strategy for each of the decisions entered into the simulation game in Quarter 1? What were the results of your decisions? Analyze the results in terms of success or failure.

  Develop at least three methods to monitor strategic plan

Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.

  Compare and contrast the rights and obligations of racer

Racer contracted in writing to drive Owners one-of-a-kind, specially designed championship race car in the Miami 500 Race on July 15 for a fee of $2500. On July 1, the race car was destroyed in an accidental fire in a storage warehouse where the race..

  Describe how the model of training processes serves

Describe how the model of training processes serves as a problem-solving tool. Include a brief explanation of each of the five phases and how they relate to each other. Include in your discussion one or more of the phases that you can identify as a r..

  The essex refused to return their baggage

Bob, Joe, and Sam separately registered as guests at the Essex Motel. All three guests wrongfully failed to pay their respective room charges, and the Essex refused to return their baggage. Bob then paid the charge for his room. At Joe's request, the..

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