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jekas [21]
4 years ago
8

Niels owned three adjoining parcels of land in Arizona. Hannah wanted to buy one. Over dinner, the two sketched and signed this

agreement: "Binding Contract: Niels agrees to sell one of his three Arizona lots to Hannah. Within 14 days, the parties will meet on the land, decide which lot Hannah is buying, and settle on a price. If they cannot agree on a price, they will decide a fair method of doing so. Both parties agree to be bound by this contract." Later, Niels refused to sell any land, and Hannah sued. What will happen?
Business
1 answer:
mart [117]4 years ago
7 0

Answer:

Hannah will lose her suit.

Explanation:

Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.

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A local jacket distributor expects to sell 9,000 black fleece jackets in a year. Assume that EOQ model assumptions are valid. Ea
torisob [31]

Answer: $4,800

Explanation:

First find the Annual holding cost:

= Average inventory * Cost of holding a unit

= 500/2 * 1 * 12 months

= $3,000

Then find the Annual ordering cost:

= Expected units to be sold/ Units ordered * Ordering cost

= 9,000/500 * 100

= $1,800

Annual Inventory cost = Annual holding cost + Annual ordering cost

= 3,000 + 1,800

= $4,800

4 0
3 years ago
Marissa, a human resource manager, has been reviewing her company’s performance management system to see how it can be improved.
Margaret [11]

Answer:

B. Are the performance measures fair?

Explanation:

In order to know whether the methods used by the system are acceptable to both the supervisor and employees, the best question Marissa can ask about the method used is if it is fair? Fair here indicates whether the supervisor or employees think the performance measures or method used isn't bias and shows no favouritism or discrimination. The level of fairness shows/determines the acceptability of employees on the performance measures.

8 0
3 years ago
What are two reasons why private loans are less favorable than federal loans
dangina [55]

Because if it is a private loan people will not believe you because you will have no proof to sue them

5 0
3 years ago
Money spent by business to acquire labor The acquired skill and productivity of workers The plant and equipment used with labor
abruzzese [7]

Cash is spent by way of agencies to accumulate exertions: the acquired capabilities and productivity of workers.

Employee productiveness (on occasion referred to as personnel productivity) is an evaluation of the efficiency of a worker or group of workers. productivity may be evaluated in terms of the output of an employee in a selected period of time.

An worker ability set creates knowledge of labor responsibilities and the way to effectively carry out everyday activity obligations. while a worker has an ok talent set, she is higher prepared to plan every day's activities in order that she will be able to attain her production desires.

Productiveness gear tries this. They simplify collaboration and verbal exchange, they streamline procedures and they shop time. They make sure that workloads are allocated fairly. whilst used correctly, they just make it less complicated for humans to do their jobs.

Learn more about workers productivity here: brainly.com/question/28071384

#SPJ4

3 0
2 years ago
What's the difference between price skimming and price penetration strategies?
schepotkina [342]
Price skimming is when the prices go from high to low consistently and price penetration is the opposite
5 0
3 years ago
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