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 are disadvantages of using single sourcing strategies, What are the di...

What are the disadvantages of using single sourcing strategies? Disadvantages of using single sourcing strategies: a. Could merely one single supplier into the industry

Explain business law deals with criminal law, Business law deals with crimi...

Business law deals with criminal law, tort law and contract law. Explain and illustrate each field and show how each field of law can affect a business.

Communication skills, whether writing, listening, speaking, or attending me...

whether writing, listening, speaking, or attending meetings, communication skills are critical to your success in university and work place.

Explain does not fall in the resulting confidence interval, If the point es...

If the point estimate in a paired difference estimation example does not fall in the resulting confidence interval, the decision maker can conclude that the two populations likely

OR, Explain OR Models

Explain OR Models

Explain product contamination is a catastrophic event, Product contaminatio...

Product contamination is a catastrophic event, both for the organization at fault and for the victims. Cases of product contamination frequently make the news. Find an example o

What kinds of goals will donna likely make, Donna Hamilton is excited to op...

Donna Hamilton is excited to open her own restaurant, the Westminster Inn. Although Donna has worked as a chef and even managed a number of restaurants during her career, she is co

Lysosomes, Lysosomes Lysosomes were first discovered by Christian de Du...

Lysosomes Lysosomes were first discovered by Christian de Duve. Unlike other organelles which were detected by microscbpe, these were first discovered biochemically. Later, ele

Plant location evaluation methods.., i need calculated examples using the m...

i need calculated examples using the methods of plant location evaluation.how are they calculated?

Explain the major categories of assumptions, A financial plan is a bridge b...

A financial plan is a bridge between two balance sheets. Describe the major categories of assumptions that must be specified to project a future balance sheet, given a current b

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