The Town of Broomville, along with local arts and athletic groups, decided to erect a new community center for sports, music, and theater. The estimated total cost was $18,000,000. In April, Jane Borkus, president and CEO of the largest local industry, Autotech, promised to match every dollar raised through other donors, up to $9,000,000. Both she and the mayor of the city were delighted. Geoff Johns made the announcement via the local television station and in a joint statement in the town newspaper. Borkus said the term would be 12 months. The following January, the campaign was going extremely well: other donors had pledged $5,500,000, and Borkus presented a check for $4,000,000 as a "down payment and goodwill pledge" from Autotech. Unfortunately, In March, Autotech lost its important contract to supply auto parts to one of the Big Three automakers. Anticipating a heavy loss later in the year, Borkus withdrew the pledge and asked for the down payment to be returned. What arguments can be presented on behalf of the people both to keep the money paid and to demand that Autotech fulfill its commitment? What do you think the decision would be? What arguments can be presented on behalf of the people both to keep the money paid and to demand that Autotech fulfill its commitment? What do you think the decision would be? What arguments can be presented on behalf of the people both to keep the money paid and to demand that Autotech fulfill its commitment? What do you think the decision would be?

Answer rating: 100% (QA)

Arguments to keep the money paid and demand Autotech fulfill its commitment Contractual obligation A... View the full answer