If the seller has made a substantial beginning in manufacturing customized goods, then an oral contract may be enforceable regardless of the amount of money involved in the contract.
Answer the following statement true (T) or false (F)
True
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CPFR in forecasting stands for ______.
a. combined planning forecasting and replenishment b. collaborative planning forecasting and replenishment c. continuous planning forecasting and replenishment d. customer planning forecasting and replenishment
Consider the case of a manufacturing firm that purchases subassemblies from a supplier, creates a finished product, and then sells that product to a wholesale distributor. What advantages might this firm gain from forward integration? From backward integration? What potential pitfalls of vertical integration might the firm face?
What will be an ideal response?
Pasquale and Paul were sureties on the debt of Rose. Each had a $100,000 responsibility. Upon Rose's default, Pasquale paid $50,000 to the creditor. How much may Pasquale recover from Paul under the concept of contribution?
A) Zero B) $50,000 C) $10,000 D) $25,000
In which case would true impossibility NOT apply?
A. Nelson contracted with a local restaurant to supply 10,000 pounds of potatoes, but a tornado tore through his field, completely destroying it. B. A record company contracted with Darlene to produce a CD of traditional folk ballads; unfortunately, Darlene died before recording began. C. Reed agrees to purchase an expensive piece of jewelry for $25,000; a week later, he tells the jeweler that he simply does not have that kind of money. D. None of these are correct.