Question 1 Coase, Ronald. (1937). The Nature of the Firm. Economica, 4(16), pp 386-405. I. How does the modern corporate firm emerge and why? According to Coase, firm is the system of relationships which comes into existence when the direction of resources is dependent on the entrepreneur. A modern corporate firm emerges when the entrepreneur of some sort begins to hire people. Some people prefer to be the leader while some prefer to be leaded. Individuals that prefer to work under direction
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include transactions involving service contracts or the sale of real estate. The UCC applies if the contract concerns a sale of goods in a commercial setting. Examples of when the UCC applies include when a fruit vendor buys apples from an apple dealer, when a buyer purchases a radio from an electronic store, and when a buyer purchases furniture from a furniture store. Article 2 of the UCC also includes a Statute of Frauds rule, which states that any contract for the sale of goods that exceeds
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It is my understanding that GlobalEd Inc., has set up a wholly foreign-owned enterprise (WFOE) within the Peoples Republic of China (PRC) for the purpose of gaining control of a PRC-domiciled enterprise. Additionally, whether the Enterprise created by related parties of the WFOE, the Nominee Shareholders, is a variable interest entity (VIE), and if it requires consolidation. Analysis of the Equity Pledge Agreement, Call Option, and Management Service Agreement, various contractual agreements, should
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requirement, on June 15. Four suppliers have submitted substantially different bids for this contract which begins in August 1. Loren Inc. is the Canadian subsidiary of a larger chemical company, and have an excellent reputation for quality products and had substantial in total sale. Brent has been appointed raw material buyer, reporting to the manager of chemicals buying group, and the hexonic acid contract will need to be approved by his immediate supervisor and the director of department. Brent
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! ! ! ! ! MEMORANDUM To: Boss From: Re: American Dream Analysis Date 12/5/2014 Subject: Local Union P-9 vs Hormel Meat packing Company. Preparation is key when it comes to negotiating an agreement and a prefect example would be the Hormel Company vs the Local Union P-9 workers(meat packing). The Local Union and Hormel Company both were placed at the negotiation table due to wage cut and “unfair treatment” that was conducted by the management team. This disagreement caused the Local
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Health Care (FHC) and Dennis Winkel had a written employment contact. A modified verbal contract was entered into which included a higher salary for Winkel as well as profit-sharing bonus. FHC delivered on increase in salary but failed to execute on the profit sharing. The issue is whether the verbal contract is sufficient to override the written contract between the two parties. Montana law states a written contract can be altered only in writing or by an executed oral agreement. FHC did not execute
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Madison Square Garden Boxing v. Earnie Shavers Ernie Shavers was scheduled to fight Muhammad Ali on 9/29/77. Both Madison Square Garden and Top Rank, Inc. each claimed to have a promotional contract with Shavers in which they wanted to promote the event. In this case the court had the ability to make the ultimate decision yet chose to not get involved with the decision of the Association of Boxing Commissions. It can be noted that the creditability of each of the parties factored into the
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Taking into consideration the previous meeting three schemes have been suggested so that the Grapefruit PLC would fix its relations with the locals and at the same time would increase the amount of the sales. According to,the first scheme the company will donate £500,000 in order a new maternity unit to be open. This effort will increase the company’s reputation and its publicity, however, there would be no short term impact in the sales. Also, according to the second scheme the company will pay
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accepted an offer and created a contract, a court will look for evidence of three factors: (1) the offeree intended to enter the contract, (2) the offeree accepted on the terms proposed by the offeror, and (3) the offeree communicated his acceptance to the offeror.” (Book page 353) In my opinion, Russia should be the country that handles the dispute in this situation between Monarch Associates and Vladir Unlimited. Monarch associates I believe intended to enter into the contract, accepted the terms, and
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relief of money from fraud clicks. I: Is an online clickwrap contract enforceable when the agreement has to be accepted in order to initiate a contract, referring to form selection clause, and when it does not specifically define a price? H: Yes. When the party has been given reasonable notice and it is clear they must click on the agreement to move forward and when the contract defines a method to determine price then the contract is valid. R: The Court relies on the precedent of Specht v
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