Question: A and B are negotiating a contract whereas A develops a system for B. Initially, A says I can build the system you described for

A and B are negotiating a contract whereas A develops a system for B. Initially, A says I can build the system you described for 500 USD. B says you can start the work if you can make it for 300 USD.

If A says Ok and they shake hands to seal the agreement, what should B pay once the system is delivered?

A and B are negotiating a contract whereas A develops a system for B. Initially, A says I can build the system you described for 500 USD. B says you can start the work if you can make it for 300 USD.

If A says Ok and they shake hands to seal the agreement, what should B pay once the system is delivered?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Biscayne Industries has determined the cost of manufacturing a unit of product as follows, based on normal production of 100,000 units per year: Direct materials............................... $ 5...

A and B are negotiating a contract whereas A develops a system for B . initially A says i can build the system you described for 5 0 0 usd. B says you can start the work if u can make ut for 3 0 0...

21-Describe one example of how engineers can reduce the problem of solid waste that is affecting every country around the world. 22-Drinking water can be obtained via (a) bottled spring water or (b)...

A and B are negotiating a contract according to which A will develop a system for B . Initially, A says, I can build the system you described for 5 0 0 USD . B says, You can start the work if you can...

7 A and B are negotiating a contract according to which A will develop a system for B. Initially, A says, "I can build the system you described for 500 USD". B says, "You can start the work if you...

A and B are negotiating a contract according to which A will develop a system for B . Intiaitially, A say, "I can build the system you described for 5 0 0 UsUSD...

by Vicki Jayne / business excellence Built to Last How to fill performance gaps How do you build a strong performance ethic into your organisational culture? Vicki Jayne talks to two executives who...

Vendor and Purchaser 2 Tutorial Questions Tutorial 2 Modules 2 Module 2: Inquiries and Affectations Question 1 At what stage must a proposal reach before it can be said to have come into existence?...

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Headrick owned a house and lot in a very desirable residential neighbourhood of a large city. In order to purchase a new luxury motor vehicle, new boat, and pay for a luxury vacation, he arranged for...

Trimyristin is obtained from coconut oil and has the molecular formula C45H86O6. On being heated with aqueous sodium hydroxide followed by acidification, trimyristin was converted to glycerol and...

Income Statement Penn Co. Senn Co. Debit Credit Consolidated Sales 400,000 180,000 580,000 Less: COGS (180,000) (100,000) (280,000) Less: Wage expense (50,000) (34,000) (84,000) Less: Depreciation...

What is an example of constructive feedback? provide reference