You are the president of a small company doing business with XYZ, a large manufacturer. You discover
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Question:
- You are the president of a small company doing business with XYZ, a large manufacturer. You discover that there is a problem with the product that they are producing for you. You have customers of your own waiting for your product and you do not have the capital to lose the money you already paid to XYZ. You also do not want to pay the remaining balance to XYZ if they are making a flawed product for you
Without the money that you paid/will pay to XYZ you cannot afford to find a different manufacturer to make your product and meet the deadlines that you have with your customers.
You would like to either have XYZ remake the product without the problem (in a timely manner) or you would like to return the product and get your money back. Please describe the steps that you would take to achieve your goal.
Utilize the legal and alternative dispute information presented in this module. What would be the first thing you would do?
Discuss two of your options:
- What options did you select?
- Why did you select these options?
- What are the pros and cons of each option?
Related Book For
The Legal and Regulatory Environment of Business
ISBN: 978-0078023859
17th edition
Authors: Marisa Pagnattaro, Daniel Cahoy, Manning Magid, Lee Reed, Pe
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