Tim and Kristen work together in College Station, Texas. Tim mentionsthat he is selling his car and Kristen offers to buy it. When Kristen getsthe car, the air conditioning doesn't work. Kristen says, "The deal is off."Tim responds, "No, we had a contract."If the parties do not want to go to court, but they would like a third-partyto be involved, what form of alternative dispute resolution (ADR) couldthey use?O ArbitrationMediationO NegotiationEither Arbitration or Mediation◄ PreviousNext ▸

Alternative dispute resolution (ADR) is also called External dispute resolution. It is a means of…

Answered: Tim and Kristen work together in…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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16. Why are restrictive covenant clauses controversial? They are controversial because they allow people to create contract terms that restrict their future right to alter those same contracts They are controversial because they allow people to create contract terms below the otherwise legislated minimum standards of work They are controversial because they seem to pit two legitimate interest against each other: the right of trade against the right of contract
Dorian breeds Scottish Fold kittens and informs Stevie that she is a cat breeder. Stevie says she is interested in purchasing one of her kittens. Dorian calls Stevie a month later and says Stevie’s kitten is ready for pickup and Stevie owes her $1,000. Stevie refuses, stating they did not have a valid contract. Dorian states they did have a valid contract. Who is correct?
Bill offers to sell Mary his computer for $500. Mary counters with an offer of $400 Bill rejects this offer. Mary tells Bill: "OK, I'll buy the computer for $500." Bill tells Mary: "I've decided not to sell the computer after all." Bill is in breach of contract because Mary made a valid offer. True False
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Ramona Smith spilled orange juice on her computer two days before her term paper was due. Ramona desperately needed a new laptop, so she went online and found a laptop that fit her needs. She emailed the seller, Effie Frost, expressing her desire to purchase the laptop. Effie ernailed Ramona back and said that she (Effie) would sell Effie's laptop to Ramona for $300. An hour later, Ramona and Effie signed the following agreement: "1, Effie Frost, agree to sell my laptop computer to Ramona Smith for Four Hundred Dollars and zero cents. This is the entirety of the agreement. This agreement supersedes any and all other agreements made by the seller and the buyer." Ramona now claims that she should only pay $300 for the laptop because during that initial email exchange with Effie, Effie told Ramona that $300 was the price of the laptop, and she has the email exchange as evidence of the price quote of $300. What legal concept could be used to enforce the contract for $400? O Condition…
Bob, an engineer, is a new employee at Airbag Industries, which specializes in manufacturing automotive airbags. Before his employment, Bob is required to sign various documents indicating that he would have access to confidential information related to Airbag Industries' business practices, customer lists, and other information that must remain confidential. It further provided that any new developments created by Bob would be the property of Airbag Industries. Further, it provided that if Bob left the company he could not compete against the company in the United States for 10 years. Bob leaves three years later to set up his own airbag company. Explain why protecting their intellectual property is important to Airbag Industries. What intellectual property issues are involved in this scenario?
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From 2015 to 2021, Jerry lived in Houston, Texas and worked at Zydeco Records. Zydeco Records is a family-owned business with one store in Houston, Texas. In January 2022, Jerry was fired from Zydeco Records, and he moved to Colorado to work on a horse ranch. On March 10, 2022, Jerry sued Zydeco Records for breach of contract, a state-based claim. Jerry files his suit in Colorado state court. To avoid the Colorado court's jurisdiction, what should Zydeco Records do first? File an answer. File a default judgment. File a motion for new trial. O File a special appearance. ◄ Previous Next ▸
Karen's elderly Uncle Joe gave her written authority to sell the family house. Uncle Joe lived in Maine and Karen lived in Minnesota. After about two months Karen found a buyer for the house and signed an acceptance of the offer on July 21. Later that same day she learned that Uncle Joe had died the day before (July 20). Other members of the family did not want the family house sold and claimed that t acceptance Karen signed was void because Uncle Joe had died prior to acceptance. The buyer of the house claims Karen had the legal authority to sell the house and that the contract is binding. Who is right? Please explain.
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Social media sites such as Tik Tok, Facebook and Instagram all require users agree to their Terms of Service before they can proceed to the site. These Terms of Service are examples of unconscionable usury exculpatory O adhesion contracts.

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