Macy's and Nordstrom's Each Must Decide on an Advertising Strategy

question 124

True/False

Macy's and Nordstrom's each must decide on an advertising strategy, an example of a simultaneous-move game.

Recognize the rights and limitations of donee and creditor beneficiaries under a contract.

Identify the enforceability and effect of anti-assignment clauses in contracts.

Distinguish between the legal treatments of assignable and non-assignable contract rights.

Understand the implications of the "American rule" regarding the rights of assignees.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Officer

An individual holding a position of authority or command, especially within a governmental, military, or corporate structure, responsible for enforcing laws or policies.

Shareholders

Investors in a corporation, who own the corporation.

Dividends

Payments made by a corporation to its shareholders, usually derived from profits.