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On October 22, an Idaho First National Bank loan officer orally agreed to loan Black Canyon Racquetball Club, Inc. around $174,000 at an interest rate of 13.75%, but that rate could be changed when the loan was made if the “market” interest rates changed.
This was to be a Small Business Administration loan to remodel the club. This loan would be made once the club sold 150 memberships. However, the types of memberships were not specified. The club offered full-single, fitness-only, racquetball only, corporate, and student memberships all at different membership costs. The club started the remodel and submitted two applications for a loan, both of which were denied because they did not meet the SBA’s requirements and the cash flow and projections were not believable. The club sued the bank on the theory of promissory estoppel. Define promissory estoppel, and tell why this theory will or will not favor the club.
What is the function of a standard maintenance program.
Which of the following statements is true of creditor's meetings? A(n) _____ is a moratorium for almost all creditor litigation against a debtor.
After spending Unit 3 Discussion on environmental sustainability issues, we now return to finding and summarizing issue from your chosen business news source.
The video clip “Thinking on the Job” in the Webtext this week illustrates the importance of critical thinking, especially in work contexts.
Under what circumstances would you turn off effort driven scheduling?
Mrs. Jones agreed to a surrogate motherhood arrangement in which she would give up the child at birth to Mr. and Mrs. Smith. She was inseminated with Mr. Smith's sperm, and the baby was born on May 5, 2000. What are the facts? known and to be granted..
OSHA Must post first. What are the basic provisions of the Occupational Safety and Health Act of 1970?
organizational decisions as as first step in engaging with them in both responding to the organization and advancing personal and organizational agendas?
You are a business continuity manager ... Look ahead at potential changes in the coming 12 months and what these might mean for existing business continuity plans. Will the strategies in place in 2016 remain fit for purpose, or will some reworking be..
Once you have developed your product/service, you then need to determine how to make it available to the end user. Using your textbook and the articles from the Databases
use open source software rather than a commercial package from a large, well-known company?
Some have argued the Six Sigma programs are merely repackaged versions of older quality improvement programs that originally accompanied TQM initiatives in the 1980s
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