A market is any place where two or more parties can meet to engage in an economic transaction and should only involve legal tender. A.True B. False
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1. A market is any place where two or more parties can meet to engage in an economic transaction and should only involve legal tender.
A.True
B. False
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- 1- A is an investor. 2- B is construction Company. A has contracted with B to construct a factory in Oman. The first payment has been received by B and started working for three months. Oman has adopted new regulation relating the security in the factories. This regulation required new materials and changes in the construction of the factory. All of this has raised the price of the actual contract. A has asked be to include the materials and the do the changes according to the new regulation adopted by the government at the same price and conditions according to the contract signed. B has decided to stop the work and asked to renegotiate the contract and the prices. A has no budget to finance the new materials and the changes in the factory and asked B to continue work and do the changes. You have been contacted as mediator between the A and B Please answer the following: What kind of relation between A and B25) Identify which of the statements below is false A □ Bundling occurs when a combination of goods or services is sold at a price that is less than it would cost to buy the same items separately B □ In limit pricing, the incumbent sets a low price to deter a potential entrant from entering the industry C □ The purpose of predatory pricing is twofold: to drive out current rivals and to make future rivals think twice about entry D □ By holding excess capacity, the incumbent can credibly threaten to increase the price if entry occurs.1. The Sherman Antitrust Act prohibits price fixing. Price fixing is A. the use of false or misleading statements or practices to persuade buyers that a product is a better deal than it really is. B. the practice of employing price differentials that tend to injure competition by giving one or more buyers a competitive advantage. C. an agreement among competing firms to raise, lower, or maintain prices for mutual benefit. D. an attempt to establish high prices by becoming the market leader. E. the intent to set a product's price so low that rival firms cannot compete and therefore withdraw from the marketplace. 2. Travis Kellogg is a sales representative for Xerox and his territory includes St. Louis and the surrounding suburbs. One of his accounts is Cintas, which offers a wide range of products to businesses. Travis was working with the Cintas division manager, Kiera Valentine, to gain her approval to purchase a networked printer and copier for the local office.…
- - What is the difference between a shipment contract and a destination contract with reference to when delivery occurs and its tender requirements under a destination contract? In addition, offer your understanding as to which contract is preferred by the each of parties and why? (Ch 21). - What is the dilemma that is presented by the legal doctrine entitled entrusting to a merchant with a specific focus regarding the rights of the three principal parties: The owner, the merchant seller, the consumer purchaser? (Ch 21).State whether the following agreements or contracts are void, voidable valid, and provide a reason for your answer. Q.2.4 Amy, who is 17, has inherited an apartment in Cape Town from her deceased father. The apartment is valued at R2 million. With her mother’s assistance, Amy enters into an agreement to sell the apartment to her aunt. Q.2.5 Justin, who is mentally ill, concludes a contract for the sale of his laptop without his curator knowing.2. Deregulation involves removing legal restrictions on the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate. A. TrueB. False
- This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Question. 1. Should the international conglomerate enter the retail grocery market in Hong Kong? If so, what could it do to…This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Questions Analyze the competitive environment of the supermarket industry in Hong Kong and the competitive response of the two…This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Question. 1. Analyze the strategic positions of PARKnSHOP and Wellcome in the market, and in particular, their bargaining power…
- This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Question. 1. What strategies did PARKnSHOP and Wellcome use to overcome the challenges posed by their competitors? Are there legal…Consider a case of a public entity thinking of procuring construction services for its citizens. The procurement manager is stuck between using a foreign or domestic supplier and making a recommendation for the appropriate procurement method. Q.1 Under what circumstances may the public entity use open domestic bidding? Identify and explain FOUR circumstances.Give five (5) examples of instruments which may be reformed. (b) In the above examples, who are the parties who can bring the action for reformation of the instrument?