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pickupchik [31]
3 years ago
7

Alex, a senior professional golfer living in Florida, en¬tered into a sponsorship agreement with Golf Pro Associates, a Michigan

partnership ("GPA"). The agreement provided that (1) GPA would sponsor Sutton on the PGA Tour, (2) GPA would pay all of Alex’s expenses, (3) GPA and Alex would equally divide his prize money after GPA is re¬imbursed for expenses, and (4) GPA would provide Alex health insurance.
Preliminary negotiations were on the telephone. GPA prepared a written agreement at its office in Michigan and sent it to Alex in Florida, who signed and returned it to GPA. GPA then signed the agreement and sent a copy to Alex. He participated in several senior PGA events, including two in Florida. While playing in Palm Springs, Alex suffered a heart attack and incurred medical costs of $100,000. GPA had not obtained health insurance coverage as agreed, so Alex sued GPA in a Florida state court for breach of contract. GPA moved to dismiss the action for lack of personal jurisdiction.
A. Can the Florida court, under its long arm statute, exercise personal juris­diction over the Michigan defendant in this case? Discuss.
Business
1 answer:
Fed [463]3 years ago
5 0

Answer:

Firstly in a long arm resolution, it requires the damage to be occurred inside the state, in the event of individual damage activities.  

In the event that the defendant’s executes any business inside the state or agreements anyplace to supply products and enterprises inside the state than the cases emerging from this are amiable to jurisdiction and test for exchange is subjective. Along these lines an agreement of guaranteeing any individual, property inside the state has the option to present locale.  

So here, Florida had individual locale over the defendant where the defendant had marked the long haul contract with the offended party. So the Florida law would apply right now, the court discovered there was sufficient to build up close to home locale in Florida as observed by the defendant’s educated and deliberate contacts with Florida partnership.

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B a standby underwriting commitment.
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1 year ago
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11111nata11111 [884]

Answer:

4. Fiscal year

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Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.

3 0
3 years ago
Under Armour wants to assess its brand equity more effectively and asks its marketing team to convince upper management why it i
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Brand equity refers to the perception consumers have about a firm that affects its value. Brand equity could be positive or negative. It is an important element for companies aiming to settle in the market through marketing strategies that generate more profits by attracting more customers. Brand equity can be measured by <em>price, customer satisfaction, popularity, brand awareness </em>or <em>market share.</em>

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<em>Thus, the marketing team of Under Armour could state that conducting a brand equity measurement is crucial because it is related to the firm's ability to generate profit.</em>

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Risk refers to the possibility of the danger or harm. For example there is risk involved to change the career. The risk taken can lead to any outcome it can be positive or negative.

There are various kinds of risk one of those kind is the secondary risk in which the risk is taken as a result of the previous actions taken to deal with the situation.

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