and Donald disagree on the interpretation of a business contract. Peter believes Donald owes him $20,000 and Donald believes he owes nothing. Each has been advised by his attorn cost of litigating the case will be $2,000 each. What is Peter's threat value?
and Donald disagree on the interpretation of a business contract. Peter believes Donald owes him $20,000 and Donald believes he owes nothing. Each has been advised by his attorn cost of litigating the case will be $2,000 each. What is Peter's threat value?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The expected value of threat depends on the probability of threat and that depends on the legal expenses involved in that.
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