vehicle he needs to add that to the contract as well. Creditors can only repossess your goods if they have clearly stated that in the contract and can be done based on the laws of the state (Vehicle Repossession, 2008). Any action can then only be done once the contract is signed by both parties. The pro of using the 5% incentive is that most customers will see this as a savings and people that usually make late payments will maybe change their habits and sent it in on time due to the savings. The con to this would be that people who make late payments may still continue to do this and Davis will still lose out on money. Davis overall wants to have customer satisfaction, but also makes his dealership profitable. Happy customers can become loyal customers and will spread the work and bring new customers. …show more content…
Action-oriented bias is when people feels pressure to take action, dismiss the possibility of negative events, and are optimistic about the future (Rykrsmith, 2013). Davis has been very concerned about customers not paying and feels that even if he puts this plan into action customers will still continue to not pay. He needs to set a plan for the risks and with his uncle’s idea I think he will achieve his goals. He needs to consider all the possible outcomes to each situation such as best-case, worst-case, most-likely-case and least-likely case (Rykrsmith, 2013). Self-interest bias has conflicting incentives and incentives that reward the wrong behavior and silo thinking which does not consider the big picture (Rykrsmith, 2013). If Davis was to look at only giving a 5% discount with no other action then he would be allowing the people that do not pay on time to get a discount and continue to not pay on time. Davis needs to consider all his options and determine what is best for
The plaintiff (Southern Prestige Industries, Inc.) initiated an action against the defendant (Independence Plating Corp.) in a North Carolina state court for a breach of contract. The plaintiff alleged that defects in the defendant’s anodizing process caused the plaintiff’s machine parts to be rejected by Kidde Aerospace. The defendant being a New Jersey corporation and having its only office and all of its personnel situated in the state filed a motion to dismiss citing lack of personal jurisdiction. The trial court denied the motion and the defendant appealed arguing that there were insufficient contacts to satisfy the due process of law requirements
Plaintiff moves this court for an order Terminating child support and alimony. The Plaintiff shows the court that:
Holding: Yes, the government is required to notify the arrested defendants of their 5th amendment before an interrogation?
Most time, acceptance would be made in clear and loud matters, such as saying “Yes, I accept.” But silence would constitute acceptance of an offer where the common-law and statutory law allows. Supreme Court of Nebraska has confirmed in Joseph Heiting and Sons v. Jacks Bean Co that acceptance may be established by silence or inaction of an offeree and acceptance occurs when the buyer/offeree “does any act inconsistent with the seller/offeror’s ownership...” Neb. U.C.C. section 2-606(1)(c). In Joseph Heiting and Sons v. Jacks Bean Co, 463 N.W.2d 817, 236 Neb. 765 (Neb.,1990), Heiting (Plaintiff) offered to sell its beans at the posted price on September 30, 1987, but was never informed of acceptance or rejection of the offer. Heiting and Jacks
Bernie a resident of Richmond, Virginia decides to sale his 2006 Ford Fusion for $13,000.00 and places an ad in his local newspaper on February 1st. After several weeks without any inquiries, Vivian contacts Bernie on March 1st stating she will pay him $12,000.00 for the car. Bernie arranges to meet with Vivian on March 5th to complete the deal. Vivian comes to Bernie’s house on March 10th and says she will give Bernie $12,500.00 for the car; but she needs three additional weeks to come up with the money. Bernie agrees but only if Vivian puts down a deposit. Vivian agrees and Bernie drafts an agreement stated the sale will must take place no later than March 31st. Vivian reads and signs the agreement and
Sylvia Burwell Secretary of Health and Human Services Petitioners vs Hobby Lobby Stores and Conestoga Wood Specialties Corporation vs Secretary of Health and Human Services (U.S 2014)
A) If tom finalized the loan agreement before the partnership is formed, he is negotiating the agreement on behalf of him personal. According to Georgia law, an agreement becomes enforceable when there is a meeting of parties’ minds “at the same time, upon the same subject matter, and in the same sense.” Cox Broadcasting v. National Collegiate Athletic Ass'n, 250 Ga. 391, 297 S.E.2d 733, 737 (1982). The letter of intent before the partnership formation was not applied under I.R.C §721 to be an exchange of property and Tom would have to recognize a gain in exchange of partnership interest. Also, if he negotiated the letter of intent to get a loan for the partnership because of his experience in the real estate business, he is rendering a
Contract law has set out to provide a healthy trade environment. Contracts are promises enforced by the law, with the support of something of value that has a legal purpose. It is an agreement between parties, formed by the elements: offer and acceptance, with all parties having the capacity to perform obligations enforceable by law. There are instances where the enforcement of a contract would bring about gains or losses to society and commerce.
Undoubtedly, this had an impact on the school system. Timelines are strictly tracked to ensure compliance. According to DiNapoli and Bleiwas (2008), there are almost 170 different languages spoken in New York. This can make meeting timelines difficulty since children must be tested in their native language. Although it is imperative that students receive the education that they need it can be very difficult to meet timelines in certain
1. Did Wayne have an employment contract, either oral or written, with EcoCare? Why or why not?
COME NOW Vernida R. Chaney, Esq., counsel for Jacqueline Brooking, and move this Honorable Court to withdraw the bench warrant issued on May 12, 2016 for failure to appear on her advisement of attorney date.
In response to your request, I analyzed reviewed Ms. Baker arbitration clause to see whether it is considered unconscionable.
Contract Law Case Study Both the parties in the question have come to a problematic situation
Can we enter an agreed order? My client agrees that $75000 will be placed into her attorney's trust account, which is subject to equitable distribution. The husband has more than $300,000 in his bank, the Wife never touched them. But, the wife kept $85000 in the marital home. Your client took the money without knowledge of the Wife and gave them to you.
would give 100 £. The company then deposited 1,000 £ in a bank to show