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Serjik [45]
3 years ago
15

You are a seller of farm equipment. Sidney Lanier puts in an order for a new combine harvester, which costs $425,000. Under the

terms of the agreement, Mr. Lanier has to forward you a certified check for 25% of the purchase price within 15 days of the signing of the purchase agreement. Meanwhile you are preparing the combine harvester for shipment to Sidney Lanier's farm.
On the 15th day, you do not receive a check from Mr. Lanier. You do not receive a check on the 16th, 17th, or 18th day either. Meanwhile, another farmer has come into your office to ask about buying the combine harvester.
What can you do in this situation?
A. Since you and Mr. Lanier have a contract, you have to wait until he sends you the check before you can do anything.
B. Mr. Lanier had a duty to send you a check by the 15th. He's breached that duty under the contract, and it appears to be a material breach, so you have the right to rescind the contract.
Business
1 answer:
Elena-2011 [213]3 years ago
4 0

Answer: B. Mr. Lanier had a duty to send you a check by the 15th. He's breached that duty under the contract, and it appears to be a material breach, so you have the right to rescind the contract.

Explanation:

Material breach occurs when a particular party fails to fulfill his or her part in a contract and this can lead to the other party rescinding the contract or sue for a breach of contract.

Since under the terms of the agreement, Mr. Lanier has to forward a certified check for 25% of the purchase price within 15 days of the signing of the purchase agreement but he didn't send the check, this means that the there's a breach in the contract, and the contract can be rescinded.

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Answer:

Engineering is an occupation with an extremely wide reach. The term 'engineering' covers many fields and, by extension, many skills. Engineers are scientists, inventors, designers, builders and great thinkers and improve the state of the world, expand human capability and make people's lives safer and easier.

Engineering skills include:

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5 0
3 years ago
Read 2 more answers
In the Stackelberg​ model, the leader has a firstminusmover advantage because it A. has lower costs than the follower. B. reacts
jeyben [28]

Answer:

D. chooses its output to manipulate the follower to produce the output that most benefits the leader.

Explanation:

Strackelberg model is one where a market leader makes the first move and then the other followers firms follow sequentially.

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The market leader usually has an advantage that enables it make the first move.

For example a firm that has a monopoly in a market leads while new entrants follow.

In this model the market leader chooses an output and manipulates the followers to produce the same output, and this benefits the leader

3 0
4 years ago
All your clients like to be listened to accurately. If your client is culturally different from you, it may be more difficult fo
elena55 [62]

Answer: A . Learning the political / power structure of the client's community.

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Politics and religion are sensitive issues in many cultures and in discussing or doing business with people from different cultural background these sentive issues are often avoided in order not have misunderstanding or crises. By avoiding these issues business will go on smoothly. This also shows that there will be mutual respect with the parties involved.

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Stu's Mellow Meter Miser (MMM) has recently experienced a sales decline due to the entry of a lower-priced competitor, Kelly's C
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<u>New York Times (NYT) Cost per Thousand Impressions (CPM): </u>

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Cost per Thousand Impressions = $12,000 / (251,000 /1000)

Cost per Thousand Impressions = $12,000 / 251

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Impressions generated = 251,000 × 11%  

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7 0
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6 0
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