Dani is the owner of the business concern "Big Star", a shop inherited from his grandfather. The object of the business concern is selling antiques furniture in Beirut area. In March 2021, a dispute occurred between Dani and the buyer Rami over the sale contract concluded in February 2021. The dispute is about the originality of three branded items manufactured in the 60s and worth a fortune. Rami would like to refer to the court to solve the dispute. He will present a case against: * Dani's son Dani or "Big Star" "Big Star" only O Dani only

Dani is the owner of the business concern "Big Star", a shop inherited from his grandfather. The object of the business concern is selling antiques furniture in Beirut area. In March 2021, a dispute occurred between Dani and the buyer Rami over the sale contract concluded in February 2021. The dispute is about the originality of three branded items manufactured in the 60s and worth a fortune. Rami would like to refer to the court to solve the dispute. He will present a case against: * Dani's son Dani or "Big Star" "Big Star" only O Dani only

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Dani is the owner of the business concern "Big Star", a shop inherited from his grandfather. The object of the business concern is selling antiques furniture in Beirut area. In March 2021, a dispute occurred between Dani and the buyer Rami over the sale contract concluded in February 2021. The dispute is about the originality of three branded items manufactured in the 60s and worth a fortune. To prove his claims, Dani presented the commercial books his grandfather kept in good condition 15 years ago in a safe place. The court will: * O Use the books because the trustworthy grandfather kept them Use the books because they are well maintained Use the important parts of the books related to the case Not use any part of the books to study the claims
Mr. Henok claims he has been unfairly dismissed by his employers. He consults a law firm owned by Mrs. Justice, who agrees to take up Henok’s case. The law consulting firm, owned by Ms Justice advises him that if Henok wins his case he can expect a compensation of 30,000 birr but if he loses he will receive nothing. The law consultant firm estimates her fee to be 5,000 birr. As an alternative the consultant offer him a ‘no win, no fee’ deal under which he pays no fee but if he wins his case, the consulting firm will take half of the compensation he receives. Henok also asked to pay his employer’s cost which is 1000 birr in both deals. He can decide against bringing the case, which will incur no cost and result in no compensation. Based on the information given above: a. Develop a payoff table to Henok’s case b. Advise Henok what to do: i. Using the maximax decision ruleii. Using the maximin decision rule.iii. Using the Minmax regret decision rule
Miss. Meron claims she has been unfairly dismissed by her employers. She consults a law firm owned by Mr. Fitih , who agrees to take up her case. The law consulting firm, owned by Mr. Fitih advises her that if she wins her case she can expect a compensation of 30,000 birr but if she loses she will receive nothing. The law consultant firm estimates his fee to be 5,000 birr which she will have to pay whether she wins or loses. Under the rules of the relevant court she cannot be asked to pay her employer’s costs. As an alternative the consultant offer her a ‘no win no fee’ deal under which she pays no fee but if she wins her case, the consulting firm will take one-third of the compensation she receives. She can decide against bringing the case, which will incur no cost and result in no compensation. Based on the information given above: Develop a payoff table to Meron’s case Advise Meron what to do: –Using the maximax decision criteria –Using the maximin decision criteria. –Using the…
Propose a solution: Liza operated a small fully licensed restaurant that was making a reasonable profit from thefood, but she believed that liquor sales should be higher. Ray, her bar manager, decided that it wouldbe a good time to take a holiday and it was agreed he would take three weeks off.He returned with ten non-alcoholic recipes purchased overseas. He suggested that they gopartners where he would make the drinks and the establishment would sell them and buy allingredients. They would split the revenue 80/20 with the large share going to the business.All went well for a month until Ray had to leave early and asked Liza to store the collectionof recipe pages in the safe where the evening’s takings would be stored. At the end of the night alltakings had been by credit card so there was no need to open the safe.When she arrived the next morning, the recipes were in a different order and in a differentplace. They had been read, possibly copied, and the confidential information was…
Fatima and Saira are sisters. They own a land. Fatima and Saira gave their land to Fatima's daughter, Mariam. The land was given to Mariam by Fatima on the condition that she will pay 200 OMR to Saira every year. The daughter agrees to the condition and signs the agreement, but later does not pay it. So, Saira has filed a complaint against Mariam. Questions a. Can Saira claim the payment from Mariam? Explain why or why not? b. Is the contract in this case enforceable by law? Explain why or why not?
Siya leases an apartment to Richard, in a block of flats, for R 8000 (eight thousand rand) a month. Richard moves into the apartments and proceeds to run a gym from the premises. Running a business from the building is strictly prohibited in terms of the building’s rules. The other residents of the building complain about the noise and traffic emanating from the flat Richard is leasing. The body corporate of the building is threatening to sue both Siya and Richard. Moreover, Richard has fallen in arears with four months’ rent and the caretaker of the building has informed Siya that Richard has packed his personal belongings and has absconded. Siya comes to you seeking advice. Explain the duties breached in context of the scenario at hand.
Clive who lives in Johannesburg agrees to buy a horse from Pretty who lives in Cape Town as Pretty is finding it too expensive to pay stable fees.The parties agree on the purchase price of R 500 000 to be paid on delivery of the horse on 30th December 2020. Whilst Clive is en route to Cape Town there is a vicious storm. Due to the loud thunder and lightning, the horse experiences severe shock from which it eventually dies. Identify the type of impossibility that applies to the above scenario.
1.A retired businessman who owned a track of land was approached by a real estate agent, who is interested to buy his land. The purchase price offered by the agent was above the prevailing fair market value (FMV). The agent wants to develop the land into a commercial area and sell it to the public. The agent discussed the terms and conditions of the deed of sale in detail to the businessman, and the businessman agreed to the deal. Last year, the businessman was diagnosed of dementia by his family doctor, and the agent though was aware of it. Was a contract of sale formed? If yes, is it enforceable? Please state your reasons. 2. Jacky invited her friend, Lourdes, to her house. Lourdes has a beautiful sport car and Jacky is interested and offered to purchase it at a prevail market price or FMV, but Lourdes rejected her offer. Jacky offered Lourdes a bottled of vodka. When Lourdes consumed so much of it, she feels dizziness. Jacky took advantage and offered again to purchase her sport…
Senator Bang Ga is suing Hanabishi Motors, the manufacturer of its car, the Hanabishi Ferrero, for Php 3.5 million because of Sudden Unintended Acceleration, a defect it thinks has caused it bulldozing over 12 cars in a mall carpark building and eventually "jumping" out of the 5th floor of the carpark building. This accident kept it out of work for a year. Hanabishi has offered it a settlement of Php 700,000, of which Bang would receive Php 600,000 after attorneys' fees. Atty. Larry Gadon, its legal counsel, has advised it that it has a 50% chance of winning its case. If it loses, it will incur attorneys' fees and court costs of Php 75,000. If it wins, it is not guaranteed its full requested settlement. Atty. Gadon believes that there is a 50% chance it could receive the full settlement, in which case Bang would realize Php 2 million after its attorney takes his cut, and a 50% chance that the jury will award it a lesser amount of Php 1 million, of which Bang would get Php 500,000.…
Define Robinson-Patman Act?
In October 2015, Dani established a business concern to sell perfumes from different international brands, Chanel, Dior, Hermes, etc. After two years, he became the exclusive distributor of "Big Star" Company's products. Due to Covid-19 spread, the number of products distributed decreased, so "Big Star" Company cancelled the contract with Dani. He requested compensation from the court. Calculating the compensation due to the commercial representative will take into consideration the: O Number of employees O Period of representation O Number of mangers O Court nationality
QUESTION 2Thokgamo is the owner of an optometry practice in Maun. She agreed to purchase an eye testing machine from Noah and signed the contract without reading its terms. The contract contained an exclusion clause for all kinds of defects in the machine. The machined proved to be totally defective. Thokgamo attempted to terminate the contract and also maintained that the contract is in conflict with what she and Noah had agreed on orally.Required: Advise Thokgamo about her chances of winning the case. Provide justifications for your points.