Richard Romano, one of Cruickshank, Garth& Romano’s principals, is doing business with Watson& Musico Developments, the major developers and property owners in NCR. Initially, this ideal business will bring not only very attractive benefit to the company but also a good chance to build good relationship with Watson& Musico Developments which is company’s new desired target. However, John Mortimer, the controller of Watson& Musio, needs high estimated value to refinance company’s property and he is not satisfied with Richard’s preliminary evaluation of 30.5 million. Meanwhile, he requests Richard to raise the value to 35 million by ignoring the side agreements and using full face rental rates. Now, Richard meditates on whether he should submit to John’s will by raising the value to $35 million.…
Cruickshank, Garth & Romano (CGR) is a new real estate appraisal and consulting firm formed by Chris Cruickshank, Wayne Garth, and Richard Romano. The firm provides not only residential, industrial and commercial evaluations, but also consulting services and feasibility analyses in the National Capital Region (NCR). Richard and his two partners have worked for one of the four major NCR firms and are well known in the local real estate community. And recently, Richard has just completed a preliminary evaluation of a property for Watson & Musico, which is one of NCR’s major developers and property owners. However, John Mortimer from Watson & Musico is unsatisfied with the Richard’s evaluation price, he asks Richard to raise the value, otherwise they have no business. This situation is difficult for Richard, because he wants to satisfy John’s needs, but at the same time, he can’t ignore the ethical issue to do that.…
If the negotiation doesn't work, the relationship between senior buyer and the vendors might be in trouble…
This way I established some power over the seller and was able to move the negotiation onto other things besides the price. Such alternative was probably not my…
Honestly, I do not see any possible concessions in this negotiation. The two parties has a radical conflict of interests: the buyer wants to make houses convert into commercial use while the seller is unwilling to make this change and want to maintain its residential property. It is not reconcilable.…
This paper brings to light the ongoing problem of ethical consideration when a licensed agent is selling a life annuity to a senior. The problem of ethical decision making, especially in regard to sales commissions made, is not a new one. A sales person’s greed and desire to meet production or income goals can often override better judgment and allow an advisor to push a client to buy a product that is completely unsuitable for them. On the other hand, there are times when the demographic information may suggest the product is not suitable, but the objective of the customer is such that the product is the best fit. In this paper, we will examine both sides of this dilemma, revealing the opposing views and the laws put in place to guide both the advisor and the consumer.…
At stake here are several conflicting values, the concern for a fellow human being, self-preservation, success of the company and the pressure to perform. As VP of the division, I am under scrutiny to deliver substantial results to my president, John Edmonds, to be seen as sensitive to my product managers needs. Lisa Walters, Kathryn’s supervisor, has pressed me for a resource action for boosting staff morale and replacing her with someone who can be more productive. I also feel that Kathryn McNeil is a hard worker who is stuck in a tricky personal situation.…
“The Bullard Houses” is a case in which Downtown, a corporation formed by James Bullard’s descendants, is seeking for a buyer for the site that has been saved by Downtown from destruction. The reason behind this potential deal is because Downtown is in a great cash shortage. There are two parties current interested in this site, including Absentia, the client I as a senior partner in Jones & Jones represent for. The resulting negotiation between the representative of Downtown and me covers a couple of issues, such as primarily the price of the Bullard Houses and the use of it, etc.…
Recently, a home for sale that I have had my eyes on for about a month went into pending status two days ago. This could mean a number of things from receiving an offer to not wanting to work with the listing realtor. This was the perfect home for my family and me. It was close to my in-laws, which solves the babysitting issue, is nice, and affordable. The only thing is that I cannot obtain a loan at the moment even if I can afford it. So, this morning, I took it upon myself to contact the owners to find out what was going on and possibly work out a deal to purchase the home. I had to be persuasive. I need to know why they are selling and if they would be interested in a lease-to-buy option with me.…
When I was little there were times when my parents negotiated with me involving punishments behind my actions. When I asked "why?" more than one time then I would be slapped. My parent’s responses to my response are mostly "because I said so." Most of the time I would talk back to my mother and just keep asking "why?" or say "this isn’t fair." When I say that I would always think to myself how unfair life can really be and that life isn’t always fair. While I am talking back to my mother or keep asking the say question then my father would walk in and tell me to do it or respect my mother. When my father tells me I would do it because I am afraid of him when I was little. Most of the time if I see my father coming I would run away and go do what my mother do me to do. If my father catches me after he walks away to go get his belt or reach across the table to give me a quick slap across the mouth. I would be trying to not cry and hold back the tears while hiding my head under my arms and the negotiation would be complete.…
PASSION: Why am I here? As a child I was always attracted to the smaller, weakened animal I found in my yard, i.e. dying birds, kittens, bugs, etc. The animals we owned were never neutered which resulted in a numerous amount of puppies and kittens. I was intrigued by the cycle of life. Originally I wanted to become a veterinarian. The financial strain on my family made it apparent that it would not be possible. As fate would have it, there was a two year waiting list for nursing school, but I was readily accepted into a two year respiratory program. At the end of the respiratory program, I stayed for one more year to specialize in NICU.…
A recent persuasion encounter I experienced was in the work place setting. In my current role, as an account executive, I manage the partnership relationships. This encounter highlights the multifaceted dynamics that occur in everyday settings.…
The decision whether to close the Lima, OH plant has not been easy to make. There have been many arguments as to why and why not the plant should remain open or be closed. As the VP of Finance for BP, I have kept an open mind and looked at the advantages and disadvantages of closing the plant. I will now discuss some of these arguments in the following paragraphs.…
John is an offeror as he is putting his property out at 2 million and this offer may also be made to the world at large not just individuals or specific groups of people(Carhill v Carbolic Smoke Ball Co 1893). After having assessing through the situation of Adam and Bill, i would like to touch on assessing Adam's situation first. In this scenario, John was the offeror as he offered 2 million for the house and Adam is the offeree but as Adam was the first viewer of the house and he offered to pay 1.8 million, Adam then became the offeror and John became the offeree. Reason being there was a counteroffer of 1.8 million instead of the original 2 million done by Adam which made him the offeror. Following, John whom is the offeree did not response either positively or negatively towards Adam's offer but only kept quiet, so i would deem that there was no communication between them which also means there was no acceptance for this sale of property. Additionally, between these two parties the offeror and offeree, they had not applied the theory of silence to be constructed as acceptance for the dealing of the house. In this case John did not reciprocate towards Adam when he offered the price of 1.8 million, acceptance must be communicated ( Entores Ltd v Miles Far East Corp). Since there was no communication between offeror Adam and offeree John to agree that offeree's silence would be formulated as acceptance, this then would highlight that silence does not constitute as acceptance according to the case (Felthouse v Bindly 1862). Unless, there was communication done between Adam and John that silence would constitute as acceptance, following with both parties agreeing verbally or in written form on the price of the property, Adam has no factual grounds to take legal actions against John.…
Legitimate power is derived from the ability to influence because of position. A person at a higher level has power over the people below. However, each person with legitimate power uses it with a personal flair.…