Purchase Solution

Business contract transaction with which you are familiar...

Not what you're looking for?

Ask Custom Question

Can you help me get started with this assignment?

Select a business contract transaction with which you are familiar. You may use a transaction in your workplace, or in a place where you have been a consumer, such as buying auto insurance, renting or purchasing a residence, or buying cell phones or computers.

What are the contract's elements?

How are the contract's terms established?

What may managers involved in the transaction do to minimize risks and maximize benefits?

Purchase this Solution
Solution Summary

A business contract transactions with which the expert is familiar with is determined.

Solution Preview

Select a business contract transaction with which you are familiar. You may use a transaction in your workplace, or in a place where you have been a consumer, such as buying auto insurance, renting or purchasing a residence, or buying cell phones or computers.
The business contract transaction I have selected is purchasing desktop computers. The contract is with Dell for 30 Desktop PCs.

What are the contract elements?
The elements to form a binding contract are:
1) Offer - We offered to purchase 30 Desktop PCs but want them delivered at 3 intervals of 10 PCs each when we call for them. The approximate time would be a month apart. Dell would expect payment for each 10 just before shipment.
2) Acceptance of the terms of the offer - ...

Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

View More Free Quizzes
Related BrainMass Solutions

  • Internet Transactions as a Contract

    If you are conducting business over the internet using an interactive site, it is very possible that you could be forced to defend lawsuits in any jurisdiction in which a customer is situated.

  • Risk Management In-Money Call Options

    Which one of the following options is not associated with the Treasury bond futures contract?

  • Case Study, Appellate Ruling in Johnson vs MFA

    Sections 2 -- 201(2), 2 -- 205, 2 -- 207 and 2 -- 209 dealing with the statute [**5] of frauds, firm offers, confirmatory memoranda and modification rest on normal business practices which are or ought to be typical of and familiar to any person in business

  • international contract

    The rationale is that the parties likely intended to follow the local laws and practices with which they were familiar.

  • Contracts Set of Facts

    This set of facts is to be addressed using the relevant sections of the UCC that you have read and are familiar with thus far in the course.

  • Global Manufacturing

    207062 Embedded Derivative concept: Global Manufacturing You are employed by a CPA firm that has an international client, Global Manufacturing, with home offices in a country in the European Union.

  • intellectual property

    Usually, an international transaction is bound by the contract between the parties involved in the transaction, which clearly state jurisdiction in case of disputes and arbitration.

  • Finance: Put & call options, currency contracts, spot rates, economic exposure

    -All of the above are true. 2.- A call option on euros is written with a strike price of $1.30. Which spot price maximizes your profit if you choose to exercise the option before maturity?

  • Human Resource Management

    How is employment-at-will applied in your organization or in one with which you are familiar with? Employment-at-will is applied to every organization in the state of KS.

View More Related Solutions