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Case Summary: A person S purchased a video security system using a smartphone from the company named T, located in another state. The system arrived after one month from the projected delivery date. Further, the system was not functioning as it was advertised and was of poor quality. S filed a lawsuit against the company T in the state court. The state in which S resides requires the dispute between S and the company T to be submitted to nonbinding arbitration or mediation.
To Explain: The ability of the court to hear the lawsuit in case the dispute between S and the company T is not resolved or in case either of the parties disagrees with the decision provided by the arbitrator or mediator.
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Chapter 2 Solutions
MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
- Compute the net income for the yeararrow_forwardDepartment restructuring You are the Human Resources Manager for ABC Food Co., a grocery retailer based in Washington State. Recently, the Chief Operating Officer informed you about a departmental restructuring that will combine the Training and Development Department and the Human Resources Department, with you as the Department Head. You are writing to staff of both departments to inform them about the restructuring. You have written some points to help you draft an email (although they are not in order of priority or importance). The Training and Development department will be incorporated into the Human Resources department. The change is effective immediately. The restructured department will be called Human Resources, which also includes Benefits, Compensation, Records, and Recruitment functions. The change is occurring because of long-term vacancy in Training and Development department’s leadership. The change also brings the company into alignment with its peer organizations…arrow_forwardFinancial information is presented below: Operating expenses $28,000 Sales returns and allowances $28,000 Sales discounts $19,000 Sales revenue $226,000 Cost of goods sold $121,000 The profit margin would bearrow_forward
- Quick answer of this accounting questionsarrow_forwardA company updates its inventory perpetually. Its beginning inventory is $48,000, goods purchased during the period cost $145,000, and the cost of goods sold for the period is $160,000. What is the amount of the ending inventory?arrow_forwardMorse Company reports a total contribution margin of $112,000 and pretax net income of $16,000 for the current month. The degree of operating leverage is __. No AI ANSWERarrow_forward
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