Identify the possible remedies for a buyer when the seller breaches a contract
If a seller breaches a contract, the buyer is entitled to cancel the contract. If the buyer has not received the goods, she may recover any money already paid to the seller. Also, the buyer may be able to:
• cover by reasonably obtaining substitute goods,
• obtain damages for non-delivery,
• accept the non-conforming goods and seek damages,
• obtain incidental and consequential damages,
• recover the goods themselves by an order for specific performance, or
• recover liquidated damages.
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Demographic, economic, natural, technological, political, and cultural forces form the ________ of an organization
A) supply chain B) macroenvironment C) marketing intermediary network D) internal environment E) microenvironment
Consider the following objective function and constraint: C(x) = 2x12 - 15x + 3x23 - 9x2 + 30, such that x1 = 3x2. Which of the following is the correct Lagrangian function?
A) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (3x2 - x1) B) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (x2 - 3x1) C) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (3x1 - x2) D) L = 2x12 - 15x + 3x23 - 9x2 + 30 - ? (3x2 - 3x1)
If the daily demand is 30 and the lead time in days is 3, what is the reorder point?
A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.
Millet Grains Cooperative and Corn Cereals, Inc, discuss the terms of a contract for periodic deliveries of corn. Millet Grains then faxes Corn Cereals a memo on Millet Grains's letterhead that summarizes the points on which they agreed, including a two-year term. Millet Grains begins to perform, and Corn Cereals accepts the deliveries but refuses to pay. ?Refer to Fact Pattern 15-1.Between
Millet Grains and Corn Cereals, this contract is most likely enforceable against A) neither party. B) Millet Grains only. C) Corn Cereals only. D) Millet Grains and Corn Cerealsto the extent of the performance.