Josh Entered into a Contract with Donna in Which She

question 24

Essay

Josh entered into a contract with Donna in which she was to pay $50,000 for Josh's hunting cabin.All negotiations,witnessed by various third parties,stated the $50,000 figure as the sales price.When the contract was written,a typographic error was made indicating a price of $5,000.At settlement,Donna tendered $5,000 and demanded the deed in accordance with the written contract.Must Josh sell the cabin for $5,000?

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Definitions:

Cross-functional Team

A team composed of members from different functional areas of the company working towards a common goal.

Cross-functional Teams

Groups composed of members from different departments or areas within an organization, working towards a common goal.

Horizontal Integration

This strategy involves a company buying or merging with other companies in the same industry at the same stage of production.

Committee

A group that is designated to work on a special task on a continuing basis.