What constitutes satisfactory performance in a contract?
What constitutes satisfactory performance is frequently a disputed question. The courts generally have adopted the rule-especially when a definite, objective measure of satisfaction exists-that if the contract is performed in a manner that would satisfy an ordinary, reasonable person, the terms of the contract have been met sufficiently to discharge it. If the performance is clearly intended to be subject to the personal taste or judgment of one of the parties, however, it may be rejected on the ground that it is not satisfactory to that particular party.?
You might also like to view...
The device used to deliver a message in an advertisement is the:
A) message theme B) appeal C) executional framework D) leverage point
Use the following information to obtain the ratios requested below. Where necessary, carry answers to one decimal place. Dividends per share: $2.16 Market price per share: $48 Net income: $88,000 Average stockholders' equity: $625,000 Earnings per share: $1.56 a. Dividends yield = _____________% b. Return on equity = _____________% c. Price/earnings (P/E) ratio = __________times
Fill in the blank(s) with correct word
A sales person of a manufacturing company has qualified a number of leads. Which of the following is most likely the next step in the selling process?
A) calling on all the prospects one by one B) closing the deal with the most promising prospect C) learning as much as possible about the qualified prospects D) handling all objections raised by the prospects E) narrating the "value story" to the buyer
According to the text, what are the three essential steps within the sales presentation, in their correct order?
A. Pricing strategy, marketing plan, FAB B. Marketing plan, FAB, business proposition C. FAB, marketing plan, business proposition D. FAB, business proposition, marketing plan E. Business proposition, FAB, marketing plan