Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
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Question
Chapter 15, Problem 5DQ
Summary Introduction
To determine: Under the given situation and contract, the dollar amount of table computers that the purchaser is legally bound to purchase?
Given situation: Person X signs a contract with a supplier for $50,000 worth of tablet computers and he express that he is allowed to purchase equipment worth $40,000 without the consent of his supply manager and the supplier agrees and the contract is made. Due to business difficulties, Person X finds that he can purchase tablet computers only for $30,000.
Introduction: Agreements between two parties for exchange of goods or services is called as a contract. The contracts can be either in written or verbal forms.
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Purchasing and Supply Chain Management
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