John Doe, a procurement manager at That's the Deal Company, has been approached by one of the company's vendors. The vendor offers John a 5% kickback if the company's order exceeds a certain dollar amount every month. In this case, the vendor is willfully using the kickback for securing sales. as a
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- Locate the doctrine in the UCC and describe “accommodation" in your own words. Be sure to provide a definition that is applicable in relation to the sale of goods and contracts. Now, apply the doctrine to the hypothetical below: You own Bo’s Garden Supplies and have used Mick’s Manure as a supplier for several years. Exchanging email, you and Mick agree that he will ship the usual 50 bags of manure around April 1st. On March 30th, he emails you to say that there was a shortage of full-size manure bags so 100 bags, totaling the same amount of manure, are on their way and will be there as of April. Is Mick in breach of contract? Why or why not? Please explain. What are your legal options?Imagine that you are a manager in a commercial printing company, and you have founda good deal on the ink that your company uses most frequently from a supplier inJapan.• Using the materials from this week’s reading as well as the supplementalresources, consider what shipping terms you should insist be in the contract inorder to limit the risk of loss for your company.• Using the attached Memo template, draft an interoffice memo to the owner of thecompany describing at least three shipping terms you would want to be includedin the contract.Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a ticket is $20. Albert has no friends or family living near by, so he would only be using one ticket. He mentions this to an acquaintance at work, Rashid. Rashid thinks to himself that he would like to see the movie. He starts haggling with Albert over the purchase of the remaining ticket. Assuming that both Albert and Rashid are rational, self-interested people, what price will they eventually agree on? Explain your answer.
- Under some circumstances, a seller would prefer that the auction design guarantees that the winner is the bidder with the highest valuation, but in other circumstances, the seller would prefer not. Explain why.Miss Cora Cruz would like to buy products from the company of Aurora P. Tan. To make sure that the supplier will not commit a mistake in the delivery of the said product/products, she specifically mentioned the details in her letter. If you are to be asked, what kind of business letter you will use for this particular purpose? Direction: Write a business letter intended for this transaction. Assume that you are Miss Cora, and the reader is : Dr. Lorna R. Dimatatac, President, TIP Teachers and Employees Credit and Savings Cooperative, 938 Aurora Blvd, Cubao, Quezon City. The following should be considered in your letter: 1. Name of the Articles ordered 2. Description of each item, giving size, style, quality, quantity, material, weight, or whatever will help in identifying the article wanted 3. Catalog number of the item if it available, if not, the page number of the catalog 4. Quantity of each item wanted 5. Price of each item, and the total price of the order 6. Method of…Please do not give solution in image formate thanku. Demand for phones at Amazon is 5,000 per month. The holding cost as Amazon is 25 percent and the company incurs a fixed cost of $500 for each order placed. the supplier offers a marginal unit quantity discount with a price of $200 per phone for the first 10,000 phones in an order, a price of $195 for the next 10,000 phones in the order, an a price of $190 for the quantity above 20,000 in the order. How many phones should amazon order per replenishment?? (Please include formulas used)
- Large corporations such as Sears and Walmart enter into contracts with manufacturers to ensure that they have a secure supply of products. The manufacturers in turn try to secure large contracts by offering bulk discounts. How can corporations compare these bulk discount schemes? Suppose that vendor A promises the first 100,000 units at $1, the next 200,000 units at $0.8, and the units after that at $0.7. Vendor B promises the first 200,000 units at $1.1, the next 300,000 units at $0.7 and the units after that at $0.6. The contract is as follows. The corporation observes the demand, and then orders the units from the vendor. The vendor manufacturers these units and ships them off. At the time when the corporation must decide on the vendor, the demand is unknown, but this demand can be modeled with a Normal distribution with mean of (500,000) units with a standard deviation of 140,000. Which vendor should the corporation choose? Why? Please discuss considerations of expected cost as…Consider the following contractual relation between B and S. B's value of the widget, denoted by v, is uncertain at the time of contracting. Assume that v will be either $90 or $150 or $170 with an equal probability. S's cost to produce the widget is $100 (c = $100). S's reliance expenditure is $10 (e = $10). Contract says that S is to deliver a widget to B at p = $130. Assume that B promises to pay S the contract price $130 (not paid in advance). Assume that if the contract is not completed, reliance expenditure has no value. Note: I will clarify the timing of the model again. Initially, B and S sign the contract. S chooses reliance e. Then, B observes the actual value of v, and decides whether to breach or not. If B breaches the contract, S does not incur the production cost $100 at all. The presumption is that for S, there are two types of costs, (1) the cost he incurs before B's breach decision that is captured in e, and (2) the extra cost he should incur to complete the…S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses.S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee S1 True; S2 False Both are true Both are false S2 True; S1 False
- Following a tendering process your firm has recently been appointed external auditor of Dazzle Ltd (Dazzle) for the year ending 31 July 20X1. The audit engagement letter is still to be signed. The previous auditor did not seek reappointment. Your firm has also been invited to provide tax planning and compliance work for the company. All of the shares of Dazzle are owned by two sisters: Ruby and Amber Dazzle. They are the only directors and spend on average three days a week managing Dazzle as they have other business interests. The company employs a full-time qualified accountant but does not have a Finance Director. Dazzle manufactures and sells high quality mirrors and light fittings, which are produced in the company’s workshop, in the North East of England. At peak times the company uses subcontractors to help with the manufacture of light fittings as they lack sufficient staff in this area. Due to changes in working practices as a result of covid-19 fewer people are permitted in…What is the essential difference between the Brussel’s Definition of Value (BDV) and thevaluation system under the Agreement on Customs Valuation (ACV)?Answer the question below in an appropriate format of legal essay with reference to relevant legal authorities. Your answer should be within the range of 1500 – 2000 words On Tuesday, Roopa World Ltd. (RW) offers to sell 500 wrist watches to Zumba Online Ltd. (ZO) at RM140.00 per watch. The offer to ZO is sent by fax and includes the following statement: “Please send an acceptance by 4pm today. Delivery will occur on Thursday”. ZO emails an acceptance at 2pm. The email is accidentally deleted by one of the administrative assistants at RW before it is passed on to RW’s management. Meanwhile, ZO enters into a contract with MySale Ltd to produce new wristbands that can be sold with the watches. Advise ZO whether there is a binding contract with RW.
