Explain what factors you, as manager, would consider before deciding whether or not to manufacture shoes in Nesia. (25 points) 3. On February 1, Brenda bought a used computer from Leroy's Laptops, a store in NYC which specializes in used electronics. Brenda orally agreed to pay Leroy $50 per month for six months. Brenda made the first 5 payments in a timely fashion. On July 1, when the final payment of $50 was due, Brenda did not have enough money to pay Leroy. a) On July 1, Brenda called Leroy on the phone to say that she did not have $50 and asked if he would please agree to accept $30 as full payment instead. Leroy immediately replied, "Yes, of course, I agree". Brenda paid Leroy on July 1 and on July 10, Leroy sued Brenda for what he argued was the remaining $20 owed to him. Judgment for whom? Explain. b) INSTEAD OF THE SCENARIO IN (a) ABOVE, assume that Brenda called Leroy on the telephone on July 1, and said that she did not have the full $50 but that she was willing to pay $30, and in addition, would make a post on Facebook that would read; "Hey Facebook friends: if you ever need a used computer, try Leroy's Laptops. Great place. Click here: www.Leroy's.com" Leroy orally agreed that this would discharge the entire debt. The next day, Brenda sent Leroy $30. She also made the Facebook post as promised. Unfortunately, none of Brenda's friends clicked on the link on her Facebook page and it did not result in any additional business for Leroy. Leroy then decides to sue Brenda for the additional $20. Judgment for whom? Explain. (25 points) 4. Following the Covid-19 scare, Paul, a middle-aged professor at Community College in NYC, is eager to start a new chapter in his life. He retires from academyand decides to turn his passion for jewelry design into a career. Paul approaches Lulu, a salesman in high end gems (stones). Although Paul's designs are unique and unusual, his knowledge of gems (stones) and their quality is limited. Pai; tells Lulu that he will only buy gems which are accompanied by Gemological Institute (GI) certificates. Pursuant to a written agreement, Lulu sells Paul one sapphire gem and one emerald stone at a total price of $5,000 and gives Paul GI certificates for each gem, which attest to both their quality and color. In fact, Lulu never had the gems (stones) evaluated and he falsified the paperwork on his computer to make the certificates look like GI certificates on GI letterhead Paul designs a magnificent ring, which incorporates the two uncut stones. Vlad buys the ring from Paul for $10,000 as an Easter gift for his wife. Before Vlad gives the ring to his wife, he has the ring appraised for insurance purposes. The insurance company informs Vlad that the two gems (stones) in the ring are of inferior quality and do not match the descriptions in the GI certificates. Vlad angrily confronts Paul and seeks to return the ring. Vlad calls Paul a con artist and
