Maxine offered to sell her video camera to Tom for $200 and also stated to Tom, "I will give you two weeks to accept my offer." One week later Tom learned that Maxine had sold the video camera to Cindy. In this case:
a. Maxine has revoked her offer to Tom.
b. Maxine's offer is a firm offer and she must sell Tom a video camera for $200.
c. Maxine must get the camera back from Cindy if Tom accepts within two weeks.
d. an option contract was created, so Maxine is liable to Tom if she sells the camera to someone else within the two-week period.
a
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Most companies set annual quotas. Quotas can be on dollar sales, unit volume, margin, selling effort, or activity and product type. Compensation is often tied to the degree of quota attainment
What problems does the setting of quotas present to both the company and to the sales representative?
Jerry built a home in a flood plain. He did not purchase flood insurance. Recently, a noted meteorologist predicted torrential rains for the area for the next 7 days
Jerry attempted to purchase flood insurance through the National Flood Insurance Program. Which flood insurance provision is likely to block Jerry's efforts to obtain coverage for protection against the predicted torrential rain? A) waiting period B) definition of covered flood C) deductible D) insurance limit