Question
Imagine that party A is selling a car to party B. Party A thinks there is an 80% chance the car will not break down
Imagine that party A is selling a car to party B. Party A thinks there is an 80% chance the car will not break down in the first year, while party B thinks there is an 80% chance it will. Design a contingency contract that could help them avoid an impasse over this issue. Post your contract terms with an explanation of why you felt this would avoid an impasse.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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