BMGT 380 Midterm: 380- test review 2.docx

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 380
• Professor: Reyna

Document Summary

Format + coherent sent and thoughts + correct rule + correct application. Hire skebba and he moves to vp of sales. In 1993, financial trouble and skebba finds another job. Agree to 250,000 if sold, fired, retired, turn down never written down. Sell company, and don"t given kasch money but severance package. Legal value: 1 promise and another promise. Bargain for exchange: skebba has to keep working (can"t quit), benefit is 250. He had already agreed to work there (not bargaining, not giving anything up (preexisting duty) need additional promise. The act or inaction occurs: he stayed with the company. There is an injustice as a result: he turned down other offer, saved company, and kasch got benefits of his work. X and y widget merchants (answer is a) Under ucc - transactions of goods (sale) - tangible things. Mirror image rule: added additional info to deal (acceptance must be mirror image of the offer)