Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

business discussions As a new sales representative for Misco Equipment Corporation, you take a customer out to dinner. Before dinner is over, you have shaken

image text in transcribed
business discussions As a new sales representative for Misco Equipment Corporation, you take a customer out to dinner. Before dinner is over, you have shaken hands on a deal to sell the customer nearly a half-million dollars' worth of industrial equipment. In writing up the formal contract the next morning, you discover that you misfigured the equipment's price. Your error could cost Misco $60,000. You telephone your customer and explain the situation. Is the "deal" you made an enforceable contract? Does the mistake you made permit you to get out of an enforceable contract? What do you think will happen in this situation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Treasury And Cash Management

Authors: Robert Cooper

1st Edition

1349512699, 9781349512690

Students also viewed these Finance questions