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damaskus [11]
3 years ago
12

Justin Case, a computer programmer worked for Earth Movers, a large ​​ manufacturer of bulldozing equipment. Earth Movers receiv

ed an order for 100 bulldozers to be delivered in 3 months. Earth Movers accepted the order and then realized they were having problems managing the large inventory of parts for the machines. Justin wrote a computer program that identified each part and ​ where it was located in the warehouse. The owner of Earth Movers, Ima Nutt was so happy with the new efficiency that she told Justin that she was going to give him 50 shares of company stock. However, Justin never received the stock shares, so he sued Earth Movers.
​a. Define consideration
​b. Who will likely win the lawsuit, Justin or Earth Movers? Fully explain
Business
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

<u>Justin likely wins</u>

<u>Explanation:</u>

The term consideration as used in law simply refers to a promise (implied or expressed) made to another person to do something usually in return for a work done.

In this case, what Ima Nutt said could be legally viewed as a consideration since she <em>promised to give</em> Justin Case 50 shares of company shares. Justin likely wins since he sufficient amount of evidence to show that consideration was made.

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To find the NPV using a financial calculator:

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