Tort Liability and Contract Liability A tort is a legal term for "a wrong." The "tort law" is composed of state statutes and court decisions that gives one the right to sue someone who causes harm to them‚ whether it’s a drunk driver‚ a corporation that manufactures a defective product‚ a credit card company that overcharges you‚ or a government bureaucrat that breaks the law or a school official such as a teacher or principal. The law of the state in which the school is located determines a school’s
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time to maturity shows increased intra-day volatility influence while the measures of bid-ask spread and open interest show decreased significance. The main GMM findings are therefore that the change in trading volume (including lags) and time to maturity are major determinants of intra-day volatility. Index Terms— Electricity Forward/Future Markets‚ Intra-day Volatility‚ Trading Volume‚ Open Interest‚ Bid-Ask Spread‚ Market Depth‚ Time to Maturity [1] INTRODUCTION International literature
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store this constitutes an invitation to customers to make offers to purchase the items. Another tricky situation is in auction sales. At an auction the bid itself is an offer and then the auctioneer can either accept or reject the offer. A good example of this is the case of Payne v. Cave 1789. In that case‚ the defendant made the highest bid for the plaintiff’s goods at an auction sale‚
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from http://eweek.com/print_article2/0‚2533‚a= Larry Ellison. (2000). Retrieved November 9‚ 2004‚ from http:www.askmen.com/men/may00/24_larry_Ellison.html Mich‚ Frederick C. et al. (Ed.). (1997). The Merriam-Webster dictionary (5th ed.). Oracle’s bid for PeopleSoft: Timeline of key developments. (2004). Retrieved November 9‚ 2004‚ from http://www.gartner.com/pages/story.php.id8834. November 9‚ 2004‚ from http://searchcrm.techtarget.com/originalContent/ 0%2C289142%2Csid11_gci906581%2C00.html
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auction when he sees a Manchester United shirt. The starting bid is RM 1.00. Rahman raises his hand and the auctioneer asks whether there are higher bids. There is none. The auctioneer says “Going to the gentleman who has bid RM 1.00…going…going…” but before he could say “Gone”‚ Rahman withdraws the bid. The auction house wants to sue Rahman for non-payment. Is Rahman liable? Would your advice be different had Rahman attempted to withdraw his bid after the gavel had hit the auctioneer’s desk? 3. Britney
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of RJR Nabisco‚ feared the share price would go down even further if their new product‚ Premier‚ failed. He and the Management group offered to take the company private by offering a share buyout price of $75 per share. The opposition to Johnson’s bid for the company was made by KKR‚ one of the pioneers of the leveraged buyout. KKR offered a whopping $90 per share to takeover the company. Both the Management group and KKR made different projects of the future cash flows based on their financing
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Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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system in which prices are determined from quotations made by market makers or dealers.” Quote-Driven Market also known as a "Price-Driven Market". A Quote-Driven Market is described as when registered market dealers are required to display bid prices and offer prices‚ and in this cases the maximum bargain size to which these prices are related. The benefit of a Quote-Driven Market is its liquidity‚ market makers or market dealers are required to meet orders from quotes. The drawback of this
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Assignment for Maxco/Gambit: You should determine a bid for Maxco and a bidding schedule for Gambit. Please submit these in an email to me (fc26@columbia.edu) by Friday March 18‚ 2011. (You can fill out the last page of the case and email me the pdf version of the page‚ e.g.) Here is how the case will be graded. Your Maxco strategy will be played against the Gambit strategy submitted by every other member of the class. Likewise‚ your Gambit strategy will be played against the Maxco strategy
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Date: Re: Persuasive Speech - Competitive bid – proposal review 1. Specific purpose – persuade my boss – audience to reduce profit margins on a quote for the USAF. 2. Central Idea – The firm is part of a competitive bid for a new Cooling unit that will be sold to the U.S military (Air-Force). Following the Purchase order the entire U.S. Military (Navy‚ Army and Marines) will purchase the same system for their forces. 3. Speech – a. New competitive bid was issued by the U.S Air force for cooling
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