Case Scenario: Big Time Toymaker Thomas G. Harrington III LAW 421 May‚ 5‚ 2014 University of Phoenix Case Scenario: Big Time Toymaker 1. At what point‚ if ever‚ did the parties have a contract? Our textbook defines a contract as “a promise or a set of promises enforceable by law” (). A contract does not necessarily has to be in writing. A contract can be oral and enforceable. Big Time Toymaker and Chou took part in an oral contract. Big Time Toy Maker and Chou held a meeting where an
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Case Scenario: Big Time Toymaker Rhonda Burrows Case Scenario: Big Time Toymaker We were asked to answer questions one through six based on the scenario in the “Theory to Practice” section‚ and to include the following in our response: 1. At what point‚ if ever‚ did the parties have a contract? My Answer: When both parties agreed Big Time Toymaker (BTT) and Chou agreed to the terms‚ obligations‚ which covered intent‚ and followed through when BTT paid Chou $25‚000 in exchange for exclusive
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Big Time Toymaker 1. At what point‚ if ever‚ did the parties have a contract? According to the scenario‚ both Big Time Toymaker and Chou did partake in an oral contract. During the meeting both parties reached an oral distribution agreement‚ and a confirmation of the terms of the agreement was sent by e-mail. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The facts in favor of Chou would oral agreement and email he received from
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Ethical and Moral Conduct Lester Gonzalez OMM640: Business Ethics and Social Responsibility Dr. Ronald Beach July 28‚ 2013 A code of ethics is important because it provides individuals within a group‚ organization‚ club or society with a set of rules‚ standards and guidelines to operate within. When employees don’t have a code of ethics‚ they could engage in less-than-socially acceptable behavior. This can establish a bad reputation for an organization. When people don’t obey
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12/17/2013 Professor Andersen Amazon.com Amazon is one of the largest companies selling products online. They specialize in vendors and/or have individuals send an item to the Amazon company warehouse and Amazon.com can sell the product. This company is versatile and sells all items from sleep wear to cook ware. Basically‚ vendors‚ individuals‚ and Amazon’s warehouse can all sell goods and make it available to do so. Like all companies‚ Amazon has policies and procedures to protect both the
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Amazon is the world’s biggest e-commerce retailer. They were founded in 1994‚ being the first online retailer to secure one million customers in 1997. They are based out of Seattle‚ Washington but have locations in 18 U.S states and 14 international locations. They currently have over 88‚000 employees and are still growing. Amazon sells pretty much anything you want on their website‚ from DVDs and video games to shoes and sports equipment. When Jeff Bezos‚ founder of Amazon.com‚ started Amazon all
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Data Cleansing/Scrubbing The concept of information cleansing / scrubbing is to improve the quality of organizational information and thus the effectiveness of decision making businesses must formulate a strategy to keep information clean. This is a process that weeds out and fixes or discards inconsistent‚ incorrect‚ or incomplete information. Specialized software tools use sophisticated algorithms to parse‚ standardize‚ correct‚ match and consolidate data warehouse information. This is vitally
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Case 4: Amazon: One E-Store to Rule Them All 1) The CEO of Amazon.com‚ Jeff Bezos‚ effectively employed both intuitive and systematic thinking when he developed the Kindle for sale. Through Bezos’s creative idea in the Kindle‚ one can see that he makes decisions that seem to be based off of intuitive thinking. With this approach‚ people make decisions according to their past experiences and gut feelings‚ as opposed to analyzing all of the facts. Bezos took a risk in the creation of the Kindle
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Big Time Toymaker Scenario LAW/421 Big Time Toymaker Scenario In chapter six of The Legal Environment of Business: A Managerial Approach: Theory to Practice‚ Melvin presents the case scenario of Big Time Toymaker (BTT) and Chou the game inventor. In the scenario‚ Chou invents a strategy game titled Strat. The scenario follows the events as BTT and Chou negotiate the potential distribution of Strat‚ ending with BTT declining to distribute the game. The legal issues presented are as follows:
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Founder Jeff Bezos started Amazon in 1994 which became a multi-billion dollar company. Jeff wanted to provide service to people all over the world with books‚ but end up meeting the needs of much more. People doesn’t have to go out their home to looks for an item all over the city. Amazon.com owns many other online companies such as Zappos.com‚ Alexa internet‚ IMDb‚ Lovefilm‚ The book depositary‚ Woot‚ and many more. Even if someone doesn’t order anything off of amazon‚ you could be ordering items
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