Omgt 4313 final questions - Study guides, Class notes & Summaries

A ____________________ clause designates which court, jurisdiction, or tribunal will have authority to decide any contractual disputes. - forum selection A choice-of-language clause is recommended in which type of contract? - contract between parties from two different countries with different languages A contract is not enforceable when a party did not voluntarily consent to the contract. Which of the following circumstances may create lack of voluntary consent? I. fraud, II. duress, III. ...

Article 2 of the Uniform Commercial Code (UCC) Applies to which types of contracts? - CORRECT ANSWER Contracts for sale of goods Does an international sales contract for the sale of goods exceeding $500 have to be in writing to be enforceable in court ? - CORRECT ANSWER No, because the 1980 U.N Convention on Contracts for the International Sale of Goods does not include a statute of frauds What is the standard measure of compensatory damages in a contract lawsuit? - CORRECT ANSWER th...

Office Hospitality Co. contracts to provide Dunkin' Donuts coffee to the all the breakrooms of Mega Factory for one year. Two months into the contract, Dunkin' Donuts decides not to supply Office Hospitality Co. Starbucks agrees to supply Office Hospitality Co. and the breakrooms of Mega Factory have Starbucks coffee, instead of Dunkin Donuts coffee for the final ten months of the contract. At the end of the year, Mega Factory refuses to pay Office Hospitality, alleging breach of contract....

OMGT 4313 Final Exam 2023 ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

Office Hospitality Co. contracts to provide Dunkin' Donuts coffee to the all the breakrooms of Mega Factory for one year. Two months into the contract, Dunkin' Donuts decides not to supply Office Hospitality Co. Starbucks agrees to supply Office Hospitality Co. and the breakrooms of Mega Factory have Starbucks coffee, instead of Dunkin Donuts coffee for the final ten months of the contract. At the end of the year, Mega Factory refuses to pay Office Hospitality, alleging breach of contract....

OMGT 4313 Final Test| questions with 100% Correct Answers | Updated 2024 | Guaranteed success The _________________ establishes a deadline by which a party must sue to enforce a contract Statute of limitations Under the common law of contracts, a party is entitled to payment if the party substantially performs the contract. The elements of substantial performance are 1) the party performed in good faith, 2) the performance must not vary greatly from the promised performance, and 3) ___________...

OMGT 4313 Final Exam 2023 ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

OMGT 4313 Final exam study guide | questions with 100% Correct Answers | Updated 2024 | Guaranteed success The _________________ establishes a deadline by which a party must sue to enforce a contract Statute of limitations Under the common law of contracts, a party is entitled to payment if the party substantially performs the contract. The elements of substantial performance are 1) the party performed in good faith, 2) the performance must not vary greatly from the promised performance, and 3...

OMGT 4313 Law and Ethics Quiz 4 (Final exam) | questions with 100% Correct Answers | Updated 2024 | Guaranteed success Office Hospitality Co. contracts to provide Dunkin' Donuts coffee to the all the breakrooms of Mega Factory for one year. Two months into the contract, Dunkin' Donuts decides not to supply Office Hospitality Co. Starbucks agrees to supply Office Hospitality Co. and the breakrooms of Mega Factory have Starbucks coffee, instead of Dunkin Donuts coffee for the final ten months o...

OMGT 4313 Final GRADED A LATEST 2023/2024 -200 QUESTIONS AND ANSWERS Mega Co. contracts with Service Co. to manufacture 100 custom service trucks, to be delivered in ten months. One month after making the contract, Mega Co. learns that its supplies will cost double what it expected. Thus, Mega Co. will lose $800,000 if it performs the contract with Service Co. Mega Co. advises Service Co. that it will not perform under the contract. This is called ______. - CORRECT ANSWER Anticipato...