regarding CJI’s newest contact with Great Lakes. Issues arise mainly due to the lack of communication CJI had with its supplier prior to signing the contract. With the increase in demand, it is unsure whether Heavey Pumps could guarantee delivery of 50 pumps per month. Because previous deliveries were sporadic, no record on the quality and performance was kept which made it hard to judge Heavey Pumps’ reliability. Another issue is whether Heavey Pumps is willing to increase their production for
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must offer consideration. | | | | | Selected Answer: | [None Given] | Correct Answer: | The offeror and offeree. | | | | | Question 7 0 out of 2 points | | | Which of the following is a measure of recovery when a quasi-contract is involved? | | | | | Selected Answer: | [None Given] | Correct Answer: | The fair market value of the matter involved. | | | | | Question 8
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The interview Clara’s winning resume and brilliant cover letter has scored her an interview. It’s vital that Clara dresses professionally, and researches the company, but it’s also crucial she has all the right answers to her Interviewer’s questions! Top Tips for a successful interview: 1. Practice answers to potential questions before the interview Draft out questions you may be asked and think about how you would answer each one. 2. Be clear about your strengths – prepare specific examples
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Chapter 3 Outline 300 Introduction – pg. 87 Tax accounting – the official reporting of income and expenses so a taxpayer’s taxable income for a particular period can be determined - The rules for determining when a business must recognize income and when it may deduct expense are referred to as the taxpayers method of accounting 301 Tax Accounting Distinguished from Financial Accounting - two sets of books because two different governing bodies Financial accounting – intended to provide
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ELECTRICAL, INSTRUMENTATION, FIRE/GAS DETECTION & SUPPRESSION ERECTION SCOPES AGREEMENT BETWEEN STOCKGAP NIGERIA LIMITED AND GIL AUTOMATION NIGERIA LIMITED DATED THIS DAY OF 2015 This Electrical, Instrumentation, Fire/Gas Detection & Suppression Erection Scopes Agreement (“This Agreement”) is made this _______ day of _________, 2015 Between STOCKGAP NIGERIA LIMITED, a company duly incorporated
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behind on their mortgage payments, they entered into an oral contract to sell the house to Winfield and Emma Sackett if the Sacketts would pay the three months’ arrearages on the loan and agree to make the future payments on the mortgage. Mrs. Briggs and Mrs. Sackett were sisters. The Sacketts paid the arrearages, moved into the house, and continued to live there. Fifteen years later, Robert Briggs filed an action to void the oral contract as in violation of the Statute of Frauds and evict the Sacketts
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ANS: For managing contracts it is important to break down contract management in to three phases. 1. Planning, Solicitation and Bidding (Preward) 2. Negotiation and Signing (Award) 3. Implementation (Post ward) In contract management process these phases comprise six major activities for the seller. 1. Buyer Procurement Planning: The process of identifying which business needs can be best met by processing products or services outside the organization. Seller Presales
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Contract Close-Out - PROJ410 Case Study 3 DeVry University Contracts and Procurement Company Background: Multi Equipment Manufacturing Ltd is a leading manufacturers and distributors of light- and medium-sized construction equipment. The company has been supplying construction equipments to fortune 500 companies engaged in various infrastructures and construction related turnkey project. Multi Equipment Manufacturing Ltd has an extensive product line – generators
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Executive Summary In November 2011, the FASB and IASB released the Exposure Draft: Revenue Recognition in Contracts with Customers which aims to replace the existing FRS 18 Revenue. The exposure draft aims to improve and streamline current revenue recognition methods and provide a more robust framework to do so. As a result, revenue recognition under the exposure draft is carried out differently in a number of ways. Maxis Berhad is an investment holding company which provides telecommunication
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2014 Nature and Classification of Contracts Definition of Contract- legally binding agreement. Duties and Obligations- each party has both. Parties to a Contract- promiser, promisee, after there has been an agreement. Privity of Contract- who can sue, who can enforce. A third party can enter the contract without knowing but can still sue under the contract if they were named in the contract. Classes of Contracts- 5 types. Quasi-Contracts- no binding contract has been agreed upon. Equity principles
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