Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are a new sales representative for Myco Equipment Corporation. You take Sam, a new customer, out to dinner. After dinner, you have shaken hands
You are a new sales representative for Myco Equipment Corporation. You take Sam, a new customer, out to dinner. After dinner, you have shaken hands on a deal to sell the customer nearly $200,000 worth of equipment. In writing the formal contract the next morning, you discover that you miscalculated the equipment price. (Yikes!) Your error could cost your company, Myco, \$50,000. (And it could also cost you your job!) You phone your customer and explain the situation. Please answer these questions: 1) Is the "deal" you made at dinner an enforceable contract? 2) Does your mistake permit you to get out of an enforceable contract? 3). What do you think should happen in this situation? Your response should be at least 300 words
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started