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

Explain ventures to move into the global marketplace, Many entrepreneurs en...

Many entrepreneurs enter the global market for a variety of reasons. Why is it important for entrepreneurs to learn to think globally? What are the advantages and disadvantages of

Explain linking purchasing to the corporate strategy, Q. Explain linking pu...

Q. Explain linking purchasing to the corporate strategy? Linking purchasing to the corporate strategy Wording of Professor Paul Cousin about, supply chain management is as r

Explain group that provides financial resources, The project sponsor is the...

The project sponsor is the person or group that provides financial resources, in cash or in kind, for the project.

What liabilities does gm have towards its employees, What responsibility do...

What responsibility does GM have towards its employees? Does GM have the same responsibility to the employees of its suppliers?

Line balancing, Describe What happens if balance doesn’t exist

Describe What happens if balance doesn’t exist

Difference between business and operations strategy, What is the difference...

What is the difference between business and operations strategy?  Answer: There is a hierarchy of strategic decision making, each focused on a different time horizon and at vary

Explain decisions subject to risk and uncertainty, To what extent are these...

To what extent are these decisions subject to risk and uncertainty?

Explain what should morgantown''s promotional objectives be, How might you ...

How might you describe furniture buying using the purchase decision process described in Chapter 5? How might each of the elements of the promotional program influence each stag

Explain interest and estimate its usefulness to the project, Office Suite p...

Office Suite programs identify the resource that caught your interest and estimate its usefulness to the project management profession.

Service level agreements, Service Level Agreements are normally associated ...

Service Level Agreements are normally associated with   Outsourcing.

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