On April 15, Morgan sent a letter to Clark offering to sell her business to Clark for $200,000. The offer stated that it would expire on May 1. On April 30, Morgan sent another letter to Clark that stated that she was withdrawing the offer. Clark
received that letter on May 1. Also on April 30, Clark sent a letter to Morgan accepting the offer. Morgan received that letter of acceptance on May 1. Morgan refused to sell the business to Clark, claiming that no contract had been formed. Clark brought suit to enforce the contract against Morgan. Based on what you have learned in this chapter, decide the probable outcome of the case.
?Judgment would be for Clark. Per the mailbox rule, a valid contract was formed on April 30 when Clark mailed the letter of acceptance without being aware of Morgan's attempted revocation. The revocation by Morgan was not effective, since it was not received by Clark until the day after the contract was formed
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Even when he started his first job, Will was not content to be just one of the employees. His boss noticed that he often coached his coworkers about ways to improve their work, even when it wasn't his job. Will probably has a
A. high need for achievement. B. high need for affiliation. C. high need for attention. D. low need for achievement. E. high need for power.
To have a good understanding of a team, a manager should also understand the underlying behaviors of ______.
A. individuals B. departments C. teams D. organizations
Give an example of an intangible abstract concept in service promotion
What will be an ideal response?
An overhead cost variance is the difference between the total overhead actually incurred for the period and the standard overhead applied to products.
Answer the following statement true (T) or false (F)