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Third Party Beneficiary: Alexander has been accepted as a freshman at a college 200 miles from his home for the fall semester. Alexander's wealthy uncle, Michael, decides to give Alexander a car for Christmas. In November, Michael makes a contract with Jackson Auto Sales to purchase a new car for $18,000 to be delivered to Alexander just before the Christmas holidays, in mid-December. The title to the car was to be in Alexander's name. Michael pays the full purchase price, calls Alexander and tells him about the gift, and takes off for a 6-week vacation in Europe. Is Alexander an intended third party beneficiary of the contract between Michael and Jackson Auto Sales? Suppose that Jackson Auto never delivers the car to Alexander. Does Alexander have the right to sue Jackson Auto Sales for breaching the contract with Michael? Explain.
Second Problem The price elasticity of demand for oatmeal is constant and equal to -1. When the price of oatmeal is $10 per unit, the total amount demanded is 6,000 units. 1. Write an equation for the demand function. Graph this demand function with ..
In a market research study conducted by a local winery on white wine preference, the following results were found. Of a sample of 500 men, 120 preferred white wine and of a sample of 500 women, 210 preferred white wine. What do you conclude at ? = .0..
Oregon has an income tax but no state sales tax, while Washington has no state income tax but does have a state sales tax. Oregon residents can deduct the state taxes they pay (the income tax payments) from their federal income taxes, while Washingto..
Potential members of a negotiating team should be assessed at the selection stage for flexibility, perspective-taking ability, cultural intelligence, and positivity. Explain why each of these qualities equips managers to negotiate effectively in inte..
Discuss why black Monday, the day when the djia declined more than 20% is not evidence against the efficient market hypothesis. What issues do critics cite when discussing why sarbanes-oxley has let to a decline in USA capital markets?
Suppose we have an economy of four people. One very rich person makes $100,000 per year, while three (relatively) poor people make $20,000. Suppose the rich person has an MPC of 0.2, and the poor have MPC’s of 0.8. Assess the following statement: If ..
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?
Illustrate what was impact on supply and demand of labour on one sector of labour market. Elucidate factors that affected labour demand and labour supply in chosen historical example.
“Once we recognize that product differentiation is the basis for much international trade, there are likely to be more winners and fewer losers in a country when the country shifts from no trade to free trade.” There may be several reasons why this s..
they both can earn 10$ an hour they both have non-labor income of 300$ per week and they have 110 hours per week of non sleeping time. Who would works the most hours also how much do each of them make per week
Suppose the economy had been producing at natural real GDP but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the economy closer to natural real GDP? In the preceding scenario, is the discre..
Training is maximized when leaders set clear expectations for learners, use techniques for reinforcing learning during training, and take steps to ensure that the desired performance is maintained after training. First, briefly describe one of your j..
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