Both plant availability3 and fuel economy had improved over the previous year. Additionally the plant’s primary customer, the Hubei Provincial Power Company (“HPPC”), had met its contractual electricity purchase obligations for the year. However, there had been limited opportunity to sell energy above the contractual minimum, either to HPPC or others. Still, Tan felt that these factors were outside his control. His team had performed well—it just didn’t show up in the financial results. The scheduled
Words: 3495 - Pages: 14
Introduction to Franchising Franchising * Franchising is a form of business organization in which a firm that already has a SUCCESSFUL product or service (FRANCHISOR) licenses its trademark and method of doing business to another business or individual (FRANCHISEE), in exchange for a franchise fee and ongoing royalty payment * International Franchise Association (IFA): “A franchise operation is a contractual relationship between the franchisor and franchisee in which the franchisor offers
Words: 754 - Pages: 4
Aspects of Contract and Negligence for Business TASK 1: BE ABLE TO UNDERSTAND THE ESSENTIAL ELEMENTS OF A VALID CONTRACT IN CAM’S COLLEGE 1. Explain the importance of the essential elements required for the formation of a valid contract. A contract is much more than an agreement between two people. There must be an offer and acceptance, intention to create a legally binding agreement, a price paid (not necessarily money), a legal capacity to enter a contract of your own free will, and proper
Words: 7547 - Pages: 31
foundation of the economy. Determine the elements of a valid contract, and discuss how consumers and banks each have a duty of good faith and fair dealing in the banking relationship. Compare and contrast the differences between intentional and negligent tort actions Discuss the tort action of “Interference with Contractual Relations and Participating in a Breach of Fiduciary duty” and, if the bank you’ve chosen were to behave as JP Morgan did, would you be able to prevail in such a tort action
Words: 464 - Pages: 2
First Amendment Tiffany Berardino, Alanna Cherry, Charlie Ford Paul Patton, Gwyneth Navitsky Law/421 Contemporary Business Law November 10, 2013 Boni Cherelle Introduction On December 15, 1791, the First Amendment Rights were set forth to protect the citizens of the United States and be governing by the Bills of Rights. As time passed and the U.S. changed the First Amendment, it became more of a pillar for free speech, free press and the right to peacefully assemble. The First Amendment
Words: 774 - Pages: 4
identify your choice (by color-code, etc.). Color-code the entire answer, not just the letter. 1. A stakeholder is an individual or group that can affect or be affected by business decisions or undertakings. a. True b. False 2. Groups or individuals with whom an organization has a formal, contractual relationship are a. Primary stakeholders b. Secondary stakeholders c. Neither 3. The personal worldview includes all of the following EXCEPT a. connection to a theory of the
Words: 427 - Pages: 2
negotiations over Manziel's representation told ESPN.com that Manziel had always admired James' off-the-court business empire. Manziel was seen sitting courtside with Carter for the team's game against the Golden State Warriors last week. Manziel's choice of SSG isn't much of a surprise either, as it leaked back in December that Manziel would sign with the agency, per sports business reporter Darren Heitner. The Houston-based sports agency has plenty of football expertise, as Forbes listed
Words: 398 - Pages: 2
About Franchising Franchising is a long-term cooperative relationship between two entities—a franchisor and one or more franchisees—that is based on an agreement in which the franchisor provides a licensed privilege to the franchisee to do business. The franchisor grants the franchisee the right to use a developed concept, including trademarks and brand names, production, service and marketing methods and the entire business operation model, for a fee. The franchisee then provides the time, capital
Words: 2917 - Pages: 12
items with the customers’ best interests at heart. We expect all suppliers to provide the same honesty when doing business. All employees must submit a Confidentiality and Ethical Agreement within first week of employment. Conflict of interest Due to the originality and creativity of our products, we will not work with a direct competitor of any customer. The nature of our business strictly prohibit dealing with competing companies. Contracts DO RIGHT INDUSTRIES, INC. is a firm believer in contracts
Words: 534 - Pages: 3
our library) Focus on chapters: 1, 2, 3, 4, 5, 12, 13 and 21. Guest Speaker: (from the Czech National Bank) 1 Tentative Content: 1) Introduction and Motivation for International Finance – course outline, key issues in the international business finance. 2) Institutional Background – money, liquidity, central banking, the international payment mechanism, balance of payments, exchange rate regimes. 3) Spot Markets for Foreign
Words: 856 - Pages: 4