Case Problem 10-3
Issue: Is there a contract between Davison and Burger?
Rule: The formation of a contract requires the following four elements: agreement,
consideration, contractual capacity, and legality. To satisfy the agreement requirement,
Operations Management 351-004
This Kellogg's ad for All-Bran cereal is not the typical one you see at Wal-Mart. There is a half
naked woman standing on the front of box with barely anything covering her up, although it
Online Digital Ranking
1. The candidates such as Trump, Rubio, and Bush they have social media accounts. Being a follower of
Donald Trump he uses it a lot to get his word and thoughts out fast and on a
o Types of damages
Compensatory (to cover direct losses and costs)
Consequential (to cover indirect and foreseeable losses)
Punitive (to punish and deter wrongdoing)
Nominal (to recognize wrongdoing when no monetary loss is shown)
An overview of contract law
o Promise is a declaration by a person to do or not to do a certain act
o Sources of contract law
The common law governs all contracts except when it has been modified
or replaced by statutory law, such as the unif
Voluntary consent-may be lacking because of a mistake, misrepresentation, undue
influence, or duress-in other words, because there is no true meeting of the minds.
o It is important to distinguish between mistakes of fact and mistake
Trademarks and related property
o Trademark is a distinctive mark, moto, device, or implement that a manufacturer
stamps, prints, or otherwise affixes to the goods it produces so that they can be
identified on the market and their origins made
CH 4-ABSOLUTE AND COMPARATIVE ADVANTAGE Q: I DON'T UNDERSTAND THE DIFFERENCE BETWEEN ABSOLUTE AND COMPARATIVE ADVANTAGE.
ANSWER: The following might help you distinguish between absolute and comparative advantage.
An ABSOLUTE ADVANTAGE