[4/4, 12:39] +254 786 314318: Flag

Please answer only if you are sure about the answer.

Computers, Inc. (Computers) and Management Enterprises Company (Management) agreed that Computers would sell Management its computing business, including the land on which the business was situated, for $600,000. Both Computers and Management knew at the time the contract was formed that the business and land were actually worth $1,000,000. Is this a valid enforceable sales contract?

A. No, because Computers would not have agreed to sell the business for 40% less than its value unless it was under duress by Management to sell.

B. No, because $600,000 is not valid consideration for a business worth $1,000,000.

C. Yes, provided the contract was in accordance with state statutory law that permits real estate sales for 40% or more below market value.

D. Yes, provided the contract was in writing, in accordance with the Statute of Frauds, and the parties freely consented.

[4/4, 12:40] +254 786 314318: Flag

Managers need to have a sound knowledge of business laws to really be effective and efficient in their management and work, etc. (Provide an example to support your position and/or textbook reference.)

[4/4, 12:40] +254 786 314318: Flag

Cost structure OF AIRBNB

Describe all costs that occur in the business.

Key questions:

- What are the biggest costs in our business?

- What are the most expensive key resources?

- Which key activities are the most expensive?

- Fixed and variable costs, economies of scale.

- There are two basic approaches to cost structure: Cost management (economy); Value management (emphasis on quality, price less important).

Red Reached $100,000 cash from former Low partning Deposited $:0,000 cash in a now tuningis bank account titled Jerry Ford, Attorney Paid $300 cash for letterhead stationery for the new law office. 7 Purchased office furniture for the law office. Ford agreed to pay the Account payable. $7,000, within } months. 10 Sold 500 shares of Intel stock, which he had owned for several 11 Deposited the $75,010 cash from sale of the level stock in his personal bank account 12 Areparentabove al a large company telephoned Ford and told him of the company's intention to transfer its legal business to Jerry Ford, Attorney 18 Finished court hearings on behalf of a client and submitted a bill for legal service, $50010, Ford expected to collect from this client within Pald office rent. $1,000 Withdrew $10 000 cash from the business for personal useJ. Identify the source(s) for the Civil or Code legal system and analyze how it was developed. 2. Analyze and explain what strategic management is and what role law can play in the development of a company's management tools and policies. Provide an example. 3. Consideration is an essential element for a contract to be considered valid. Explain the difference between what the law considers to be valid consideration versus past consideration