Option contract

Homework Assignment #2 1. Case 8.1 “Unilateral Contract” The "Pioneer Trail Ultramarathon" had an advertised prize of $10,000 but Rocky reserved the right to change the terms of the race at any time. Although his actions are shady and deceptive in my opinion, there was not a breech of contract. His decision to change the prize from $10,000 to $1,000 was within the rules stated in his legally enforceable unilateral contract. 2. Case 8.2 “Intention” Sullivan merely stated he would not take…

A related party transaction is defined by auditing standards as a transaction by an affiliated company, a principal owner of the client company, or any other party the client deals where one can influence the management or operating policies of the other. Examples of related party transactions include sale or purchase transactions between a parent company and a subsidiary, exchanges of equipment between two companies owned by the same person, and loans to officers (Arens, Elder, Beasley, 2004. P…

WHAT WAS THE DEAL? To obtain the particular land required for expansion, as specified by Four-Star industries by conducting the required transactions with the other three subsidiary key Staff Group. All lots are nominally priced at $10,000 each. However, each subsidiary is free to set whatever value on its desires. The subsidiaries include; Kenmore company, Middlebrook Park Company, Trader Bay Company, and Craftsman Company, which is the subsidiary that I work with. WHAT DID YOU HOPE TO ACHIEVE…

Artful Negotiating Assessment In the video, Artful negotiating with Herb Cohen, Herb Cohen gives his audience his personal and professional views on successful negotiation techniques, strategies and processes. (Cohen, H., Weiner R., & Meyer, S, 1989). Cohen et al. (2015) use several analogies and examples to further the understanding of the negotiation process. During the video, Cohen et al. explains that “negotiation tends to be a process…that negotiation begins we don’t realize it begins…

operation due to such Defects or for the correction of such Defects. 37.3 CONTRACTOR warrants that the written instructions regarding the use of equipment, including those instructions in operation and maintenance manuals, shall conform to this EPC Contract and GECP as of the time such instructions are prepared. If any non-conformance with CONTRACTOR's warranties set forth in this GC-37.3 occurs or is discovered at any time prior to or during the Defect Correction Period, CONTRACTOR shall,…

specifications needed for that particular part. Baxendale went into contract with the mill stating they would have the shaft delivered to the manufacture the next day. The shipping firm defaulted on the contract they entered into by not delivering part in time. With the delay of the truck driver the mill suffered a loss in production and money because they had to wait…

Usually, suppliers cannot end the contract because of the extreme cost, risk and disruption resulting to the buyer. Basicly, suppliers may have the right to terminate the contract only due to the failure of the contracting party to pay the amounts owed to the supplier. When the parties have come to terms about the termination of the agreement the contracting company might want to take services or activities back-sourced, as well as, can enter into contract with another outsourcing…

The buyer seems to be guilty of deception, since business has been done with the supplier for some time and no previous mention had been made of a contract. However, at a time when the supplier’s under aged son is making the delivery, the buyer tells the son there is a paper he needs to sign and deceives the supplier’s son into thinking the paper that needed his signature was just a formality. The buyer seemed to be aware that the demand for this product was going to escalate. In an effort to…

thereof, Lessor may, at Lessor's option, obtain possession of the Premises in the manner provided by law, and without becoming liable to Lessee for damages or for any payment of any kind whatever. Lessor may, at Lessor's discretion, as agent for Lessee, relet the Premises, or any part thereof, for the whole or any part thereof, for the whole or any part of the then unexpired term, and may receive and collect all rent payable by virtue of such reletting, and, at Lessor's option, hold Lessee…

In a study done by the Kauffman Foundation in 2014, they found that 25.8% of people over the age of 55 are new entrepreneurs – a huge leap in comparison to the 14.8% of people in this same category starting business in 1996. Proving once again age is nothing but a number – even more so when it comes to entrepreneurship. But what about the entrepreneurs on the opposite end of the spectrum, can you be too young to start a business? The 40 impressive kids – and millionaires- on INC list of…