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Jack Montgomery owned an apartment building that he had insured for the past 10 years under a fire insurance policy sold by Todd Manning Insurance. Two months prior to the expiration of the current policy, Manning notified Montgomery that the building would be insured for $239,000 (or 80 percent of the building's value) as required by the insurance company. Montgomery replied that he wanted the insurance to match the amount of the outstanding mortgage on the building (i.e., $85,000), and that if Manning could not sell this insurance, he would go elsewhere.
Manning sent a new insurance policy in the face amount of $239,000, with the notation that Montgomery could "cancel" the new policy by returning either the policy itself or the lost policy receipt, and absent that, the policy would be automatically accepted through the inaction of Montgomery. Montgomery did not reply, and did not pay the premiums on the policy. After three months, Manning sued to recover the premiums. Did Montgomery and Manning form a valid contract? Would your answer be different if the cancellation clause had been in every policy between Montgomery and Manning, or if this were the first time there was such a clause?
Understand the organizational purpose of the business and the nature of the national environment in which business operate.
What is it. Among the various ideas of globalization, what best fits your world view. Explain from the perspective of the future manager. Additionally, present a concise, articulate, and supported argument of a pro and con of globalization.
What laws have been disrupt here if any, What are Gant's damages? Are there any additional facts that we require to find out in order to resolve this dispute.
What differences and similarities exist regarding how a contingent worker is compensated. Describe how the economic reality test and the right to control tests are used to conclude whether a person is an employee or an independent worker.
Objective questions on International Business Management.
Facts that are essential to resolve fiduciary duties dispute
What are the major barriers to good communication. As a manager, how would you overcome these barriers. Briefly define and describe the process of Performance Management.
The members the Jarvis family lost interest in farming and sold off all their animals. Seven years later, a family member desired to raise a few pigs on the property. Angry neighbors asserted that the family has lost the right to do so. What is your ..
Case study:Law Firm Mobile Device Security Management
Find an article about a rapidly growing company that talks specifically about how they manage(d) to finance their growth. Include a link to the article and a summary in your own words.
This situation gives professional managers an opportunity to pursue their own interest instead of that of shareholders. Major effort of researchers has been devoted to models in which capital structure is determined by agency costs.
Compute the capacity of each machine center as well as the capacity of the system
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