Explain timmy says he doesn like getting swindled, Operation Management

Assignment Help:

Timmy Thompson, who finished his second year at a local community college last May, sees an advertisement to rent an apartment at Ocean Apartments for $1,500 a month. Timmy walks into the lobby of Ocean Apartments to rent an apartment, but he is told by Lily Lightfoot, the President of Ocean Apartments, Inc., that there was a mistake on the ad and rent is actually $2,000 a month. Timmy says he doesn like getting swindled and shouldn get the apartment as he signs the 1 year lease. Lily then signs the lease on behalf of Oceans Apartments, Inc., the entity that owns the apartments.

1. Based on the facts above, have the parties entered into a binding contract? Please explain your answer, making sure that you discuss each element of a contract and identifying how each was or was not met


Related Discussions:- Explain timmy says he doesn like getting swindled

What is delegation, What is delegation? There is a limit to what a part...

What is delegation? There is a limit to what a particular can perform single-handed. After a point, the other persons working in the organisation have to be connected for perfo

Predetermined time standards (pts) - process design, Predetermined Time Sta...

Predetermined Time Standards (PTS) - Process Design This is a work measurement technique whereby times established for basic human motions (classified according to the nature

Explain what behaviours destroy trust, Earlier in the class, we noted that ...

Earlier in the class, we noted that communication is the glue holding organizations together. We might say that trust is the "oil" of the organization. With it, processes can opera

Polycentric and geocentric attitude toward foreign operation, 3.On page 125...

3.On page 125 the textbook presents three different managerial attitudes towards foreign operations: ethnocentric, polycentric, and geocentric. Let%u2019s correctly define each of

Explain purpose of processing a digital crime, PDAs, iPods, iPhones, iPads,...

PDAs, iPods, iPhones, iPads, most cell phones, and other data devices are miniature computer systems designed to be highly mobile. Describe how such devices could alter the typical

Describe what will be the maximum inventory level, ABC Co manufactures a su...

ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year. Holding cost is $10

Explain the sources of power you can use to ensure, You have just been hire...

You have just been hired as a brand manager of toothpaste for a large consumer products company. Your job mainly involves encouraging the advertising and production groups to promo

Explain and discuss managerial skills, 1. What are the four functions of ma...

1. What are the four functions of management? Define them. How do these functions relate to the goals of an organization? What is the relationship of efficiency and effectiveness t

Makw or to Buy ?, • ABC Ltd. is in the business of manufacturing one type o...

• ABC Ltd. is in the business of manufacturing one type of valves for last 3 years. • Their sales have grown from 10,000 to about 50,000 valves per month. • Now they are planning t

Write Your Message!

Captcha
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