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1. Shelly accepts Corelli's offer, assuming that the contract has met all of the requirements for a valid contract. The question is Corelli was a minor when he purchased the painting. Is the contract void? Is it voidable? What is the difference between these two concepts? A month after his eighteenth birthday Corelli decides that he would rather have $2,500 than the painting. He informs Shelly that he is disaffirming the contract and request that Shelly returned the $2,500 to him. When Shelly refuses to do so, Corelli brings a court action to recover the $2,500. What will the court likely decide in this situation? Why?
During the last ten-years, sales revenue has increased from 25 million to 65 million. Estimate the company's growth rate in sales using the constant growth model with annual compounding.
a) Consider the cases for and against a poll tax.
In 1989, Detroit Free Press and Detroit Daily News obtained authorization to combine under a special exemption from the antitrust laws.
What organizational changes do you think J&J should consider given the change in the environment? Explain. Draw a new organizational chart for J&J's international operations (based on your suggestions).
Calculate the marginal and average variable product of each unit of labor input and calculate total, average total, average variable, and marginal costs.
What are the arguments for and against relying entirely on discretionary regional and urban policy?
What strategies would you develop and implement to continue safeguard Airport properties against sea level rise? What effective course of action you would take in protecting and conserving our shoreline properties?
Describe how advertising could increase, and how it could decrease, competition in a monopolistically competitive industry and Why is there probably some rivalry in many monopolistically competitive markets?
Jesse, Corporation, located in Mesa, Arizona, manufactures high-end baby chairs. The company's cost accountant, Lisa, has been assigned through the CEO to determine how many baby chairs Jesse, needs to make and sell in order to break even.
Discuss how Koji might use a two-part pricing scheme to reduce the double markup problem. (Be sure to specify what the two-part pricing scheme would entail.)
What characteristics do you think are important in evaluating the quality of a corporate board? What incentives, if any, do board members and management have to work in the interests of shareholders and the corporation?
Your supervisor recently instituted a plan that encourages her managers to share non private demographic characteristics voluntarily provided by those who buy your company's final product.
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