In CASE 23.1 Tufankujian v. Rockland Trust Co (2003) Tufankujian signed a contract to acquire a Toyota dealership for $1.4 million. Rockland agreed to lend Tufankujian $700,000 at 7.5% interest, with the remaining $700,000 to come from the SBA at a separate interest rate which was quoted by Rockland at 6.5% (but with no written guaranty). Ultimately, the loan was not consummated and Tufankujian
sued. How did the court rule?
a. The court dismissed Tufankujian's claims.
b. The court held Tufankujian breached his duty of good faith and fair dealing and awarded damages to Rockland.
c. The court held Rockland had committed fraud but only awarded Tufankujian nominal damages of $1.
d. The court held Rockland breached its duty of good faith and fair dealing and awarded damages to Tufankujian.
d
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In negotiation, a ________ is two or more parties on the same side who are collectively advocating the same positions and interests.
Fill in the blank(s) with the appropriate word(s).
At the end of the current year, $3,700 fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees
Purchasing and manufacturing in high volume to reduce cost per unit is referred to as?
a. Economies of size b. Economies of scope c. Economies of scale d. Economies of setup
A vertical restraint of trade occurs when two or more competitors at the same level of
distribution enter into a contract, combination, or conspiracy to restrain trade. Indicate whether the statement is true or false