Scenario
Scenario/Summary
In this assignment, you will evaluate the requirements for a
valid
contract and contract clause considerations.
Your Role/Assignment
You are a business planner and accountant. Part of your
expertise is
in helping prospective business owners evaluate the various
manufacturing and
supplier options available based on the product they
manufacture. You have a
long history of working with widget manufacturers, which is
why Gloria is
meeting with you. Additionally, you are an expert in global
business issues and
can help Gloria review foreign supply options, including the
applicable laws,
customs regulations, and tax implications of using a foreign
supplier versus a
domestic supplier. Gloria has come to you to get some advice
on which supplier
will best meet her needs and objectives.
Activity
Key Players
Back to Top
Gloria Smithson
Gloria’s business is doing well. She has been manufacturing
widgets
in the United States, however, the costs for the raw
materials have increased
200% with her current supplier. She has found a new U.S.
supplier—Greenleaf
Manufacturing—that is willing to negotiate costs with her.
Gloria has scheduled
an appointment with its CEO, Richard Franklin. She is also
considering
manufacturing her widgets overseas. She traveled to China and
met with Jun
Chin, who is interested in the contract. She also went to
Brazil and met with
Mateo Bonilla, who also discussed production with her.
Currently, Gloria has
been selling approximately 12,000,000 widgets per year, but
she recently got a
purchase order from a large retailer for 8,000,000 widgets
and a guarantee for
a minimum of 13,000,000 widgets over the next 24 months. The
purchase order
states that continued business is dependent on paying no more
than $7.34 per
widget. Gloria’s current cost to manufacture widgets is $6.22
and she has been
selling them for $9.18. Doing business with this large
retailer will take
Gloria’s business to the next level, but she has to get her
costs down.
Richard Franklin
He is the CEO of Greenleaf Manufacturing, which is a company
located
in the same state as Gloria’s business. He has submitted the
following proposal
to Gloria Smithson: He will manufacture up to 6,000,000
widgets per year at a
cost of $6.37; another 6,000,000 widgets per year at $5.41;
and a final
6,000,000 widgets per year at a cost of $5.01 each. However,
Greenleaf’s
proposal contains a clause that requires Gloria’s acceptance
by 5:00 p.m. on
March 3, 2014.
Jun Chin
She is the CEO of Sunrise Ltd. in Quanzhou, China. Her company
has
recently begun doing business with American companies. Ms.
Chin is able to
manufacture 100% of the widgets Gloria Smithson needs
annually at a cost of $4.01
each.
Mateo Bonilla
He operates Groupo Embraco. Groupo Embarco has never done
business
with an American company, but like Gloria Smithson, he wants
to expand his
business. Presently, it can supply Gloria with 10,000,000
widgets annually at a
cost of $3.83. Bonilla is willing to expand his operations in
order to
manufacture more widgets.
Assignment
Back to Top
You are a business planner and accountant. Gloria has come to
you to
get some advice on which supplier will best meet her needs
and objectives.
Prepare a paper that addresses the following.
What elements are necessary for a valid contract to exist?
Define what
constitutes a “valid offer.”
Evaluate each proposal and discuss whether each of the offers
constitutes a valid offer. Why or why not?
Each proposal involves a different country. What are the
particular
concerns for Gloria in doing business in other countries?
What contract
provisions does she need to include in any business contract
in order to
protect her business?
How can Gloria continue to protect herself and her family
from
personal liability if she obtains her widgets from a foreign
manufacturer? Use
your textbook and library references to answer these
questions. Evaluate each
proposal. Does it constitute an offer?
Assignment Requirements
When preparing your responses, please use the facts provided
in the
You Decide and the following resources: (1) the assigned
reading and (2) the
DeVry Library.
Your paper will be graded using the Week 5 You Decide Rubric.
Your paper should be four to five pages long, exclusive of
the cover
page and references page, and it should be double-spaced. It
should comply with
APA 6th edition formatting.
Cover page
References page
12 point, Times New Roman font
No website references
Include at least three scholarly references in addition to
your
textbook
Include in-text references to sources
Scenario
Scenario/Summary
In this assignment, you will evaluate the requirements for a
valid
contract and contract clause considerations.
Your Role/Assignment
You are a business planner and accountant. Part of your
expertise is
in helping prospective business owners evaluate the various
manufacturing and
supplier options available based on the product they
manufacture. You have a
long history of working with widget manufacturers, which is
why Gloria is
meeting with you. Additionally, you are an expert in global
business issues and
can help Gloria review foreign supply options, including the
applicable laws,
customs regulations, and tax implications of using a foreign
supplier versus a
domestic supplier. Gloria has come to you to get some advice
on which supplier
will best meet her needs and objectives.
Activity
Key Players
Back to Top
Gloria Smithson
Gloria’s business is doing well. She has been manufacturing
widgets
in the United States, however, the costs for the raw
materials have increased
200% with her current supplier. She has found a new U.S.
supplier—Greenleaf
Manufacturing—that is willing to negotiate costs with her.
Gloria has scheduled
an appointment with its CEO, Richard Franklin. She is also
considering
manufacturing her widgets overseas. She traveled to China and
met with Jun
Chin, who is interested in the contract. She also went to
Brazil and met with
Mateo Bonilla, who also discussed production with her.
Currently, Gloria has
been selling approximately 12,000,000 widgets per year, but
she recently got a
purchase order from a large retailer for 8,000,000 widgets
and a guarantee for
a minimum of 13,000,000 widgets over the next 24 months. The
purchase order
states that continued business is dependent on paying no more
than $7.34 per
widget. Gloria’s current cost to manufacture widgets is $6.22
and she has been
selling them for $9.18. Doing business with this large
retailer will take
Gloria’s business to the next level, but she has to get her
costs down.
Richard Franklin
He is the CEO of Greenleaf Manufacturing, which is a company
located
in the same state as Gloria’s business. He has submitted the
following proposal
to Gloria Smithson: He will manufacture up to 6,000,000
widgets per year at a
cost of $6.37; another 6,000,000 widgets per year at $5.41;
and a final
6,000,000 widgets per year at a cost of $5.01 each. However,
Greenleaf’s
proposal contains a clause that requires Gloria’s acceptance
by 5:00 p.m. on
March 3, 2014.
Jun Chin
She is the CEO of Sunrise Ltd. in Quanzhou, China. Her company
has
recently begun doing business with American companies. Ms.
Chin is able to
manufacture 100% of the widgets Gloria Smithson needs
annually at a cost of $4.01
each.
Mateo Bonilla
He operates Groupo Embraco. Groupo Embarco has never done
business
with an American company, but like Gloria Smithson, he wants
to expand his
business. Presently, it can supply Gloria with 10,000,000
widgets annually at a
cost of $3.83. Bonilla is willing to expand his operations in
order to
manufacture more widgets.
Assignment
Back to Top
You are a business planner and accountant. Gloria has come to
you to
get some advice on which supplier will best meet her needs
and objectives.
Prepare a paper that addresses the following.
What elements are necessary for a valid contract to exist?
Define what
constitutes a “valid offer.”
Evaluate each proposal and discuss whether each of the offers
constitutes a valid offer. Why or why not?
Each proposal involves a different country. What are the
particular
concerns for Gloria in doing business in other countries?
What contract
provisions does she need to include in any business contract
in order to
protect her business?
How can Gloria continue to protect herself and her family
from
personal liability if she obtains her widgets from a foreign
manufacturer? Use
your textbook and library references to answer these
questions. Evaluate each
proposal. Does it constitute an offer?
Assignment Requirements
When preparing your responses, please use the facts provided
in the
You Decide and the following resources: (1) the assigned
reading and (2) the
DeVry Library.
Your paper will be graded using the Week 5 You Decide Rubric.
Your paper should be four to five pages long, exclusive of
the cover
page and references page, and it should be double-spaced. It
should comply with
APA 6th edition formatting.
Cover page
References page
12 point, Times New Roman font
No website references
Include at least three scholarly references in addition to
your
textbook
Include in-text references to sources
Scenario
Scenario/Summary
In this assignment, you will evaluate the requirements for a
valid
contract and contract clause considerations.
Your Role/Assignment
You are a business planner and accountant. Part of your
expertise is
in helping prospective business owners evaluate the various
manufacturing and
supplier options available based on the product they
manufacture. You have a
long history of working with widget manufacturers, which is
why Gloria is
meeting with you. Additionally, you are an expert in global
business issues and
can help Gloria review foreign supply options, including the
applicable laws,
customs regulations, and tax implications of using a foreign
supplier versus a
domestic supplier. Gloria has come to you to get some advice
on which supplier
will best meet her needs and objectives.
Activity
Key Players
Back to Top
Gloria Smithson
Gloria’s business is doing well. She has been manufacturing
widgets
in the United States, however, the costs for the raw
materials have increased
200% with her current supplier. She has found a new U.S.
supplier—Greenleaf
Manufacturing—that is willing to negotiate costs with her.
Gloria has scheduled
an appointment with its CEO, Richard Franklin. She is also
considering
manufacturing her widgets overseas. She traveled to China and
met with Jun
Chin, who is interested in the contract. She also went to
Brazil and met with
Mateo Bonilla, who also discussed production with her.
Currently, Gloria has
been selling approximately 12,000,000 widgets per year, but
she recently got a
purchase order from a large retailer for 8,000,000 widgets
and a guarantee for
a minimum of 13,000,000 widgets over the next 24 months. The
purchase order
states that continued business is dependent on paying no more
than $7.34 per
widget. Gloria’s current cost to manufacture widgets is $6.22
and she has been
selling them for $9.18. Doing business with this large
retailer will take
Gloria’s business to the next level, but she has to get her
costs down.
Richard Franklin
He is the CEO of Greenleaf Manufacturing, which is a company
located
in the same state as Gloria’s business. He has submitted the
following proposal
to Gloria Smithson: He will manufacture up to 6,000,000
widgets per year at a
cost of $6.37; another 6,000,000 widgets per year at $5.41;
and a final
6,000,000 widgets per year at a cost of $5.01 each. However,
Greenleaf’s
proposal contains a clause that requires Gloria’s acceptance
by 5:00 p.m. on
March 3, 2014.
Jun Chin
She is the CEO of Sunrise Ltd. in Quanzhou, China. Her company
has
recently begun doing business with American companies. Ms.
Chin is able to
manufacture 100% of the widgets Gloria Smithson needs
annually at a cost of $4.01
each.
Mateo Bonilla
He operates Groupo Embraco. Groupo Embarco has never done
business
with an American company, but like Gloria Smithson, he wants
to expand his
business. Presently, it can supply Gloria with 10,000,000
widgets annually at a
cost of $3.83. Bonilla is willing to expand his operations in
order to
manufacture more widgets.
Assignment
Back to Top
You are a business planner and accountant. Gloria has come to
you to
get some advice on which supplier will best meet her needs
and objectives.
Prepare a paper that addresses the following.
What elements are necessary for a valid contract to exist?
Define what
constitutes a “valid offer.”
Evaluate each proposal and discuss whether each of the offers
constitutes a valid offer. Why or why not?
Each proposal involves a different country. What are the
particular
concerns for Gloria in doing business in other countries?
What contract
provisions does she need to include in any business contract
in order to
protect her business?
How can Gloria continue to protect herself and her family
from
personal liability if she obtains her widgets from a foreign
manufacturer? Use
your textbook and library references to answer these
questions. Evaluate each
proposal. Does it constitute an offer?
Assignment Requirements
When preparing your responses, please use the facts provided
in the
You Decide and the following resources: (1) the assigned
reading and (2) the
DeVry Library.
Your paper will be graded using the Week 5 You Decide Rubric.
Your paper should be four to five pages long, exclusive of
the cover
page and references page, and it should be double-spaced. It
should comply with
APA 6th edition formatting.
Cover page
References page
12 point, Times New Roman font
No website references
Include at least three scholarly references in addition to
your
textbook
Include in-text references to sources
Scenario
Scenario/Summary
In this assignment, you will evaluate the requirements for a
valid
contract and contract clause considerations.
Your Role/Assignment
You are a business planner and accountant. Part of your
expertise is
in helping prospective business owners evaluate the various
manufacturing and
supplier options available based on the product they
manufacture. You have a
long history of working with widget manufacturers, which is
why Gloria is
meeting with you. Additionally, you are an expert in global
business issues and
can help Gloria review foreign supply options, including the
applicable laws,
customs regulations, and tax implications of using a foreign
supplier versus a
domestic supplier. Gloria has come to you to get some advice
on which supplier
will best meet her needs and objectives.
Activity
Key Players
Back to Top
Gloria Smithson
Gloria’s business is doing well. She has been manufacturing
widgets
in the United States, however, the costs for the raw
materials have increased
200% with her current supplier. She has found a new U.S.
supplier—Greenleaf
Manufacturing—that is willing to negotiate costs with her.
Gloria has scheduled
an appointment with its CEO, Richard Franklin. She is also
considering
manufacturing her widgets overseas. She traveled to China and
met with Jun
Chin, who is interested in the contract. She also went to
Brazil and met with
Mateo Bonilla, who also discussed production with her.
Currently, Gloria has
been selling approximately 12,000,000 widgets per year, but
she recently got a
purchase order from a large retailer for 8,000,000 widgets
and a guarantee for
a minimum of 13,000,000 widgets over the next 24 months. The
purchase order
states that continued business is dependent on paying no more
than $7.34 per
widget. Gloria’s current cost to manufacture widgets is $6.22
and she has been
selling them for $9.18. Doing business with this large
retailer will take
Gloria’s business to the next level, but she has to get her
costs down.
Richard Franklin
He is the CEO of Greenleaf Manufacturing, which is a company
located
in the same state as Gloria’s business. He has submitted the
following proposal
to Gloria Smithson: He will manufacture up to 6,000,000
widgets per year at a
cost of $6.37; another 6,000,000 widgets per year at $5.41;
and a final
6,000,000 widgets per year at a cost of $5.01 each. However,
Greenleaf’s
proposal contains a clause that requires Gloria’s acceptance
by 5:00 p.m. on
March 3, 2014.
Jun Chin
She is the CEO of Sunrise Ltd. in Quanzhou, China. Her company
has
recently begun doing business with American companies. Ms.
Chin is able to
manufacture 100% of the widgets Gloria Smithson needs
annually at a cost of $4.01
each.
Mateo Bonilla
He operates Groupo Embraco. Groupo Embarco has never done
business
with an American company, but like Gloria Smithson, he wants
to expand his
business. Presently, it can supply Gloria with 10,000,000
widgets annually at a
cost of $3.83. Bonilla is willing to expand his operations in
order to
manufacture more widgets.
Assignment
Back to Top
You are a business planner and accountant. Gloria has come to
you to
get some advice on which supplier will best meet her needs
and objectives.
Prepare a paper that addresses the following.
What elements are necessary for a valid contract to exist?
Define what
constitutes a “valid offer.”
Evaluate each proposal and discuss whether each of the offers
constitutes a valid offer. Why or why not?
Each proposal involves a different country. What are the
particular
concerns for Gloria in doing business in other countries?
What contract
provisions does she need to include in any business contract
in order to
protect her business?
How can Gloria continue to protect herself and her family
from
personal liability if she obtains her widgets from a foreign
manufacturer? Use
your textbook and library references to answer these
questions. Evaluate each
proposal. Does it constitute an offer?
Assignment Requirements
When preparing your responses, please use the facts provided
in the
You Decide and the following resources: (1) the assigned
reading and (2) the
DeVry Library.
Your paper will be graded using the Week 5 You Decide Rubric.
Your paper should be four to five pages long, exclusive of
the cover
page and references page, and it should be double-spaced. It
should comply with
APA 6th edition formatting.
Cover page
References page
12 point, Times New Roman font
No website references
Include at least three scholarly references in addition to
your
textbook
Include in-text references to sources
