subject
Business, 24.04.2020 22:06 joejoefofana

The plaintiff wanted to open a Victoriaâs Secret franchise in Puerto Rico. Defendant Domingo, a business broker, told the plaintiff that the franchise was a "done deal" if the plaintiff hired the defendantâs firm and also hired former United States Senator Birch Bayhâs firm to assist. In reliance on the defendantâs representations, the plaintiff entered into retainer agreements with the two firms, paying them $225,000 and $400,000, respectively.
Several months later, someone from Bayhâs firm emailed the plaintiff that he could not get the franchise because Victoriaâs Secret did not use a franchise system, and instead owned and operated its own stores. The plaintiff sued Domingo, Bayh, and their firms. Bayh and his law firm settled for an undisclosed amount, and a jury awarded damages of $625,000 against Domingo and his firm. On appeal, the judgment was affirmed.
Required:
1. What do you believe was the legal basis for the lawsuit?
2. Why do you agree or disagree with the outcome of this case?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:00
According to this excerpt, a key part of our national security strategy is
Answers: 2
question
Business, 22.06.2019 14:20
Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)
Answers: 2
question
Business, 22.06.2019 15:00
1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answers: 2
question
Business, 22.06.2019 19:10
Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.
Answers: 1
You know the right answer?
The plaintiff wanted to open a Victoriaâs Secret franchise in Puerto Rico. Defendant Domingo, a busi...
Questions
question
Mathematics, 05.05.2021 22:10
question
Mathematics, 05.05.2021 22:10