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Sedbober [7]
3 years ago
5

Omni Metals Company and Piecework Fabrication, Inc., enter into a contract under which Omni agrees to deliver a certain quantity

of sheet metal to Piecework each month. The contract does not include a price term. In a suit between the parties over the price, a court will
determine a reasonable price at the time for delivery.
Social Studies
1 answer:
shepuryov [24]3 years ago
6 0

Answer:

a. determine a reasonable price.

Explanation:

<u>When the contract does not agree on the price between the parties, in cases of the lawsuit like the one in the example, the court determines a "reasonable price at the time for delivery". </u>

The predominant factors surrounding the case are used to determine what this price would be and what is considered reasonable for both parties. It should be determined according to the commercial standards and the norms of fair trade.

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Answer:

b) cultural relativism.

Explanation:

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Why were the Americans successful in their fight for independence?
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nirvana33 [79]

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Cost-minimization technique:- the firm develops formal contracts with its partners. Those contracts specify how the cooperative method is to be monitored and how associate conduct is controlled. The aim of this method is to reduce the cooperative method’s cost and to save you opportunistic behavior by way of partners.

The opportunity-maximization technique:- focuses on a partnership’s value-advent opportunities. In this case, companions are prepared to take advantage of unexpected opportunities to analyze from every other and to explore extra marketplace place opportunities. Much less formal contracts, with fewer constraints on partners’ behaviors, make it viable for partners to discover how their assets and capabilities may be shared in a couple of value-creating ways.

Both be done simultaneously:- firms can effectively use both approaches to manage cooperative techniques. But, the fees to display the cooperative approach are extra with price minimization, in that writing certain contracts and the use of sizable tracking mechanisms is high-priced, even though the approach is meant to reduce alliance costs.

Learn more about partnership here brainly.com/question/11584367

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