Describe THREE (3) ways in which a project may be closed or terminated
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Describe THREE (3) ways in which a project may be closed or terminated
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- Marie Collins, owner of Grand Canyon Helicopter Adventures (a sole proprietorship), wants to expand her business. To do this, she needs an influx of cash and help running the business. Should she bring in her friend who is quite wealthy, is good at handling day-to-day operations, but has a less than perfect flying record? Or should she continue to fly solo? List the risks and benefits associated with bringing in the new partner. Are there other options?Late one evening Charles and Henry are discussing the purchase and sale of $2,500 of coffee shop equipment after entrepreneurship class. They are in the classroom when Henry writes their agreement on the classroom whiteboard and both Henry and Charles sign it on the whiteboard. Discuss if this whiteboard document is sufficient to provide a binding written agreement?How can an offer be affected where the terms are not clear?
- Brendan Quinlan and Maeve Lynch are a couple. They decided to open an Irish restaurant in Changchun, a small town in Northeast China. There were no other Irish restaurants in Changchun, and the possibility of doing something new and somewhat risky intrigued the young people. They purchased an old bistro just off Main Street for their new restaurant, which they named "The Bridge 1988". Brendan and Maeve knew in advance that at least initially they could not offer a full, varied menu of dishes. They had no idea what their local customers' tastes in Irish cuisine would be, so they decided to serve only two full-course meals each night, one with beef and the other with fish. Brendan, their chef, was confident he could make each dish so exciting and unique that two meals would be sufficient, at least until they could assess which menu items were most popular. Brendan indicated that with each meal he could experiment with different appetizers, soups, salads, vegetable dishes, and desserts…James is looking to enter into a listing contract with Mary to sell her house. The two are trying to come to an agreement on what type of listing contract to use. What type of listing contract will offer James the least amount of protection? O An open listing agreement since it is a unilateral contract. O An exclusive Right to Sell agreement since it is a bilateral contract. O An Exclusive Agency agreement since the owner can still find a buyer themselves O An Exclusive Agency agreement since it is a unilateral contract.What are assignments of contracts and what rights and obligations do they confer?
- Brendan Quinlan and Maeve Lynch are a couple. They decided to open an Irish restaurant in Changchun, a small town in Northeast China. There were no other Irish restaurants in Changchun, and the possibility of doing something new and somewhat risky intrigued the young people. They purchased an old bistro just off Main Street for their new restaurant, which they named "The Bridge 1988". Brendan and Maeve knew in advance that at least initially they could not offer a full, varied menu of dishes. They had no idea what their local customers' tastes in Irish cuisine would be, so they decided to serve only two full-course meals each night, one with beef and the other with fish. Brendan, their chef, was confident he could make each dish so exciting and unique that two meals would be sufficient, at least until they could assess which menu items were most popular. Brendan indicated that with each meal he could experiment with different appetizers, soups, salads, vegetable dishes, and desserts…What legal obligations does a business have in terms of taxation, including income tax, sales tax, payroll tax, and compliance with tax reporting and payment deadlines?Contracting Officers must provide a Responsibility Determination. Define Responsibility Determination and what tools are available to assist the Contracting Officer with this requirement.
- “I think I’m in trouble,” Elvira confided to her husband, Curtis. “I had a customer in today who complained that one of my clerks had discriminated against her and that she was going to sue. I discovered that this same clerk had designed an elaborate scheme to embezzle from me and I intend to press criminal charges. Also, my landlord has stating that the remodeling I did voids my rental agreement and he wants me to vacate in 2 months. I looked at the contract and I’m 99% sure he’s wrong, but I’m no lawyer. I need some legal help!”What are the duties and responsibilities of an agent in an agency relationship?Anthony wishes to start a business and his cousin offers him a loan of $10,000 at 4% interest to be repaid in two years. The loan amount, interest rate and repayment period are all put down in an email between Anthony and his cousin. Anthony soon takes steps to start his business by conducting market research, developing a business plan, choosing a business structure, registering his business and obtaining licenses and permits. However, his cousin fails to provide the funds and Anthony now must borrow from the bank at much higher commercial rates. Anthony wants to know whether he can sue his cousin for breach of contract. 1. To determine whether there is a breach of contract by Anthony’s cousin, Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
