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- ___________ involves creating extra value in a negotiation where it does not immediately or obviously exist. a) Distributive negotiation b) Integrative negotiation c) Compromise agreement d) Fixed-sum negotiationSite the difference between contract and agreement. Does contract could be an agreement? does agreement can be a contract? Site an example or situation.Communicating of an offer must be made to a particular individual, groups etc. What happens a. Where the contract is made to a specified person but is accepted by another person? b. Where an offer is communicated to a class or group of persons. c. Where an offer is communicated to the general public or the whole world.
- A. Does a contract have to be in writing? B. List three types of terms in a contract. C. Distinguish terms in a contract from a representation.Online services are being provided by many companies, some companies have loss substantial amount of money because there is virtually no agreement between them and their clients Design an effective online agreement to be binding on both parties to the agreementAssuming that you are the only business student in your village who has had the opportunity to study entrepreneurship and small scale business management. Anytime the town folks are having a conversation, they normally use agreement and contract interchangeably. But during yourlectures, you were taught that “all contracts are agreements, but all agreements are not contracts”. In an ordinary language, explain this assertion to your people to understand this assertion.
- Mr. Peter, of PM Enterprises, has an ice cream manufacturing facility located in downtownJohannesburg. Due to the covid-19 pandemic, his core supplier failed to deliver the contracted rawmaterials to the company. This has resulted in Mr. Peter searching for a core new supplier.In searching for a core new supplier, he needs assistance in improving his negotiations skills. Help Mr.Peter to understand how to better his negotiations skills by answering the following questions. There are various circumstances under which negotiations take place.discuss below circumstances in relation to Mr. Peter and his core supplier. Cost-effectiveness competition in the marketplace Technology Quantities Risk Normal relationships with suppliersWhich of the following is created once an offer has been unconditionally accepted? A. A conditional contract B. An agreement c.A binding contract D. A voidable contractIn relation to Consideration select the CORRECT statement:Select one:To be valid, the agreed price and the goods sold, must be of equal value.Consideration can be vague or illusory as long as it was communicated to the other partyConsideration is the exchange of something of value (a thing, a promise, money etc), given in return for something else of value (a thing, a promise, money etc)Consideration is not necessary to form a legally binding contractTo be valid, Consideration must involve payment of money, in return for something of value.
- 1. X borrows money from a bank memorialized by a written loan agreement. Z orally promises the banker he will guarantee the loan. a) Z's promise is probably unenforceable in court, a collateral promise must be in writing. b) Z will have to pay the loan if X defaults. c) Collateral agreements need not be in writing to be enforceable in court. d) All of the aboveGive an example of a contract that is illegal in Florida but legal in some other states in the United States.Sometimes an issur with a property is discovered during the pre-closing stage. Buyers may be willing to accept deficiencies if they an compensate through a price reduction. Which of the following is correct regarding adjusting a purchase price to offset a deflciency.Select one: O. The value of the price adjustment may become a matter of negotiations between the parties. O. A new agreement of purchase and sale must be drafted and signed to finalize the price adjustment. O. A formal appraisal is always required to determine the adjusted purchase price. O. Buyers are contractually obligated to negotiate an adjusted purchase price.