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Rzqust [24]
3 years ago
13

On December 1, Petro, Inc., sent Rachel & Rico (R&R) a letter, via overnight delivery, offering to employ R&R to rev

iew Petro’s tax situation for the current year for $10,000. In the letter, the company stated that R&R had ten days to accept. On December 5, R&R sent an e-mail message that stated, "The price for the tax analysis seems too low. Would you consider paying $15,000?" Petro received the message without responding immediately. The next day, Smith & Taylor, an R&R competitor, offered to conduct the appraisal for $8,000. On learning of this offer, R&R immediately e-mailed Petro, agreeing to do the work for $10,000. Petro received this message on December 7. Explain why R&R and Petro do, or do not, have a contract.
Business
1 answer:
dexar [7]3 years ago
3 0

Answer:

They don't have a contract because, Although they attempted to accept the original offer within the 10 day period, they originally made a counteroffer which means that they both denied the originally offer and made an opposing offer at once. R&R cannot simply change their mind because they found out that another company offered to do it for less. Whether or not they still have a contract is entirely in Petroleum's hands. This was more of an inquiry than a rejection. However, the option contract was not supported by consideration and so revocable at will.

Explanation:

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When price of a product increases, what does the law of supply state will happen to quantity supplied?.
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Explanation:

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2 years ago
You have to cross a broad river with a swift running current. Your options to cross are to swim, walk across an existing bridge,
ruslelena [56]

The risk management principle involved in this is decision making.

<u>Explanation:</u>

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These are some principles involved in the management of the risk. The principle involved in the task given in the question is that of making a decision which serves the purpose best and helps you to achieve your target. The decision made to cross the river via the bridge is taken after keeping into mind a lot of factors and the decision taken should minimize the risks. Thus it is the principle of the decision making.

7 0
3 years ago
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Dev is a strategist for the firm Stark Industries, which produces high-quality HD movie cameras. This company needs a specific m
Setler [38]

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Explanation:

Based on the information given in the question, the best strategy that Dev should suggest is that Stark industries should acquire LENS.

Since Stark Industries require the material from LENS and it's difficult to trade, the best option is to acquire it. The acquisition will make the production of the high-quality HD movie cameras easier.

It should be noted that entering into a competition with LENS is not advisable as that'll lead to the material not gotten. Also, a short or long term agreement isn't advisable as well.

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5 0
3 years ago
"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti
Delicious77 [7]

Answer:

The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.

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In the given case, we  know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:

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As this is beneficial to the both the branch manager and the customer.

8 0
3 years ago
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