Assume That One of the Bidders Bids 20% Below His

question 19

Essay

Assume that one of the bidders bids 20% below his or her estimated value, while the other two bidders bid 10% below their estimated values. Using 1000 iterations, report the expected profit or loss to the conservative bidder.

Assess the role of public policy and interest in determining the legality of agreements.

Analyze contractual issues pertaining to employment, including restrictive covenants.

Explore the consequences of fraud and misrepresentation in contractual agreements.

Examine the specific legal protections afforded to minors and indigenous legal entities within contract law.