BTT inquired about distributing Strat and paid Chou $25,000 in exchange for exclusive negotiation rights for a 90-day period. This fact actually can play a big role against Chou. 3. Does the fact that the parties were communicating by e-mail have any impact on your analysis in Questions 1 and 2 (above)? Electronic communication is as effective as paper communication.
Explain. Would either party have any other defenses that would allow the contract to be avoided? No, because there was never a contract. Chou could however say that there was a mistake Case Scenario: Big Time Toymaker on his part with the e-mail that he mistaken made the assumption that it
The author then informs the reader that cell companies and the government are not eager to speak of their tracking capabilities. Allen uses a quote from EFF Staff attorney Kevin Bankston saying there is worry that information about the users is being given without a court order. The article is wrapped up by stating the importance of having probable cause to obtain cell phone tracking information, and that this has probably been violated for several
The company should have been able to follow up with all venders and customers to attest to the validity of the financial statements and they were not able to do this and not able to gather the “appropriate and sufficient evidence” needed. When a client will not allow the auditor to gather evidence needed to perform a correct auditor then the opinion can be affected. The auditor cannot attest to the fairness of the financial statements if the evidence is lacking or
An example of a message sent via e-mail that caused a misunderstanding involved me and a customer. I wrote a message to a client and did not realize I had the tab locked for capital letters. I wrote the entire letter that way, and sent the message anyway. I was new to computers and did not know that capitalized words are considered yelling. I am a two-finger typist so I was not looking at the screen as I wrote.
Whilst the appointment of cabinet ministers is left solely to the Prime Minister to decide, their leaving can occur for a variety of reasons, in which the Prime Minister may play no part. Some may find the difficulties of working under pressure and sustaining a level of quality for their department too taxing, whilst others might have secrets of their private lies revealed to the public. Individual ministerial responsibility used to be an important factor in the resignation of a minster.This dictates that should their department make a serious error and reveal incompetence of that department, then the minister in charge should be accountable to these mistakes and take the blame publicly be resigning. Foreign Secretary of 1982, Lord Carrington resigned over the invasion of the Falkland Islands, saying he was “responsible for the conduct of that policy” which was a “humiliating affront to this country”. He in fact also admitted that much of the criticisms had been unfounded, but the importance of individual ministerial responsibility at that time made his resignation almost inevitable.
Losing Olds was a definite blow to Palmer’s team of accountants. However, one step that Palmer could have taken to avoid the situation is to never have agreed to the terms set forth by Crosby in the first place. He could have also opened up the lines of communication between all parties to decide if the splitting of shifts would work for Olds work life and home life. Additional conversations outside of the one that Palmer had with Crosby should have also taken place to make sure that all parties were on the same page the entire time. Knowing the employees preference in terms of workload is also important.
Case Scenario: Big Time Toymaker Paper Introduction In this week’s team assignment, our team will discuss an assignment from Chapter 6 text "Theory of Practice." The assignment deals with a contract dispute between Big Time Toymaker (BTT), a company that develops, manufactures, and distributes board games and other toys and the inventer of a game name Strat. The issue is that Mr. Chou, the inventer of the game signed an exclusive 90 day negotiation agreement with BTT for which Mr. Chou was paid $25,000. This agreement also contained a statement that no distribution agreement would be in place unless a contract for distribution was in place. This is where the issue stems from and the eventual reversal of an agreement to distribute by BTT.
Since the contact was not drafted within the 90-day timeframe, new management could not make obligation to distribute the product, and had the right to decline Chou of his prior agreement through oral agreement. Does the fact that the parties were communicating via-email have an impact on your analysis in Question 1 and 2 (above)? Via-email communication is a legitimate communication source which can be held as an agreeable for making agreements to decision-making sources. The fact that both parties decided to communicate via-email does not have an impact on how I have chosen to analysis the situation. With this process being put into action the email could have been acceptable if the parties would
It cause overstate inventory and understate the cost. Therefore, this has become the key factor of inherent risk. (2) The first risk is Company does not set internal oversight Institutions. In this case, shareholders did not set the relevant oversight institutes, but they firmly believe CEO (Hebding) decision, which led to the failure of internal control environment, in this case, Hebding can create different fictional accounts, aimed at the data meet the requirements of shareholders, but his aim is to deceive shareholders, and to reap more benefits. For example, Hebding instructed his employee to make false account such as understate expense, overstate equipment and inventory and so on.