You find the following contract written by Little Candy Company: “Giant Candy Company (Giant) agrees to buy and Little Candy Company (Little) agrees to sell all of the candy coating that Giant requires for a period of five years. The candy coating shall be purchased at the current list price as determined by Little. Orders will be shipped ten days from the placement of order. Applicable taxes extra. Contingencies beyond the control of Little to be sufficient excuse for failure to comply with the contract.
Case Scenario: Big Time Toymaker 1. At what point, if ever, did the parties have a contract? Big Time Toymaker agreed to Chou to enter a option contract. Big Time Toymaker pays Chou $25K a 90-day period. Big Time Toymaker to buy the rights to negotiate Chou’s invention (a board game).
SONIA SMITH completed the Contract Creation Simulation for LAW/531 with the following responses: To enforce a contract, the following four requirements must be met. Determine if each requirement has or has not been met, and then explain your answer. Question 1: Offer: Yes Response: The video stated that Bob and Mike discussed the sale of the like new car. The price was $25,000 and the two met to finalize the agreement. A contract involves two parties and they make an agreement that is enforceable.
The verbal agreement and the email might be considered a contract in the court of law. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The fact that both parties reached a verbal agreement prior might help Chou. BTT inquired about distributing Strat and paid Chou $25,000 in exchange for exclusive negotiation rights for a 90-day period.
Theory to Practice LAW/421 University of Phoenix Graphic Communications Inc. Graphic Communications Inc. is a high-end printing company that designs and produces posters and other materials for advertising purposes. For a particular order GCI needed a special printing press and arrangements were made to purchase this press from Armstrong Press Manufacturing to be delivered no later than July 1. Because the press was large, it would be delivered in three pieces and assembled on site. The two parties agreed on the purchase terms and GCI made a purchase order to be sent to Armstrong. This purchase order contained the price, the description of the press, the date of the order, and a provision that agreed that the three pieces of the press
Speer gained a reputation from this commission as not only a creative architect but also an efficient organiser. In July 1933, Speer was given the job as a decorator for the Nazi party Rally at Nuremburg. This job was when his work was recognised by Hitler and it reflected his view of the Nazi party through his propaganda. The Reich Chancellery that was built in 1938-39 was one of the most significant jobs Speer had done because there was a lot of work to be done with the time limit set; one year. However, Speer finished it within a year again proving his organisational and efficiency skills which led to his appointment as Reich Minister for Armaments in 1942.
Another reason, that they chose firm-fixed-price contract was because they still had to discuss all factors and realize that they are estimates. Good for Lockheed Martin and why firm-fixed-price was better than the other contracts was basically due to once they negotiated a price and a contract was awarded the government was “locked-in” to paying that price. (Murphy, 2009). MFC has a headquarters in Dallas, Texas as well as a second major facility in Orlando, Fla. Additional facilities are located in nine U.S. states as well as Japan and the United Kingdom. (NIST.gov, 2012).
In “Advertising’s Fifteen…” the most entertaining and arguably one of the most vital parts of the article are the examples. In his article Fowles gave several examples for each appeal that illustrated the ideas he wanted to portray. For example, Fowles tries to show how some advertisements use the “need to affiliation” to catch the eye of the consumer by saying, if we don’t use Scope, we’ll have the “Ugh! Morning Breath” (Fowles 663). This example shows how Fowles’ examples are very vivid and shows how advertising companies try to actually use many of these appeals to grasp our attention as well as our wallets.
Their stated goals for the company were “to make the world aware of Mr. Boehm’s artistic talent, to help world wildlife causes by creating appreciation and protection for threatened species, and to build a continuing business that could make them comfortably wealthy, perhaps millionaires.” 2.0 SWOT Analysis The SWOT analysis is a way to see the strengths, weaknesses, opportunities, and threats of your business. For Mr. Boehm this is a great plan he could have used to analyze his production process of figurines. Strengths 1．Mr. Boehm had a great production line. He was working himself to make the self-made clay animal sculptures.
Presently, the company is using a combination of traditional seasonal dating plan and trust receipt plan to encourage and enable as many dealers as possible to be well stocked in advance of seasonal sales peaks. Also, this combination was used to retain security interest in merchandise shipped. PROBLEM DEFINITION With the current internal complications, what must O.M. Scott and Sons Company do to be able to decrease cost of sales and operating expenses? How will the company keep up with its goal of a 25% annual growth rate in sales and profit considering the current policies?