Adrianna wants to purchase a ten-acre tract of land. Under what circumstances would the seller be required to divulge information Adrianna does not possess?
What will be an ideal response?
There used to be no duty to disclose, even if a party knew the other party was negotiating under a mistake. Now, however, because of changes in social attitudes about fairness, a seller who knows something the buyer does not know is often required to divulge it. There are four circumstances in which nondisclosure of a fact to Adrianna would be misrepresentation: (a) when disclosure is necessary to correct a previous assertion; (b) when disclosure would correct a basic mistaken assumption on which Adrianna is relying; (c) when disclosure would correct Adrianna's mistaken understanding about a writing; and (d) when Adrianna and the seller have a relationship of trust. The seller generally must disclose any latent defect he knows about that Adrianna should not be expected to discover herself.
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Gibbs Corporation makes indoor gas fireplaces. A standard fireplace includes unit-level materials, labor, and overhead costs. In addition, the company incurs product-level engineering and advertising costs. The sales staff is paid a 5% commission on each fireplace sold. A sales representative has been in contact with a building developer who wants to buy 20 fireplaces only if he can buy them at amount lower than Gibbs' selling price. Which of the following costs would be relevant to this special order decision?
A. The unit-level materials, labor, and overhead B. The product-level engineering and advertising costs C. The sales commissions D. All of the above.
Managers at all levels are evaluated in terms of their ability to manage their areas of responsibility in keeping with organizational goals
Indicate whether the statement is true or false
If you were going to conduct an informative presentation to teach the audience how to create a weekly study schedule, what type of organizational pattern would you use? Why?
What will be an ideal response?
A battery is the reckless or intentional injuring of a person
a. True b. False