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Carol has worked for Centrum Springs,Inc.,for many years and has now been given the opportunity to advance in the company.Her manager is retiring and hopes that Carol will take over for him.However,even though Carol is an experienced employee,there are many things that she still needs to learn.Carol has trained many new employees,but she has never held a management position.Carol needs to have a general understanding of what it takes to be a manager.
There are many problems in Carol's department.There are no plans to fall back on in case the initial plan fails.Carol also will need to learn how to direct people in such a way that makes them want to do more than they absolutely have to.Carol feels that this is a great opportunity,and she is anxious to learn everything to be a great manager.She knows that if she performs well in this position,she will have the opportunity to move up the corporate ladder.
-Refer to Centrum Springs,Inc.When Carol learns all that it takes to be a manager,she will be involved in
Promissory Estoppel
An equitable doctrine that protects those who foreseeably and reasonably rely on the promises of others by enforcing such promises when enforcement is necessary to avoid injustice, even though one or more of the elements normally required for an enforceable agreement is absent.
Merchants
Individuals or businesses engaged in the trade of goods, services, or commodities for profit.
Nonmerchants
Individuals or entities that do not regularly engage in selling goods or services and therefore may not be held to the same standards as merchants in commercial transactions.
UCC
stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.
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