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10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Chapter 13, Problem 3CT
Summary Introduction

Case summary: Arbitration clause is important in any contract. Federal arbitration act encourages arbitration. Consumers demand for arbitration clause in every contract.

To find: The consequences if the arbitration clause is prohibited in all contracts.

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Ness Engineering is a private limited company mainly engaged in the continuous production and assembly of domestic products. The annual turnover is $900,000,000. The largest area of expenditure is raw materials and components where the annual spend is approximately $450,000,000. The Managing Director, Bill, considers that profit margins are too small and has asked you to suggest how profitability might be increased. Bill suggests that this might be done by appointing additional sales staff and by an advertising campaign, which would, hopefully, increase turnover and thereby reduce overhead cost per item. You find that purchasing is little more than a post-office function. Specifications are received from the design or user departments and sent either to supplies designated by the directors or to the supplier providing the cheapest quotation. The company does, in fact, deal with many suppliers and issues many orders for low-cost items. All purchasing is done by manual means. None of the…
Hi! Can you guys help me with this? Thank you! Here's the article from WSJ: Trump Delays Imposing Tariffs on Mexico, Canada at 11h Hour Please offer your authentic insights on how this article connects with global supply chain management.
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