Jill Homeowner Contracts with Ralph Roofer for Ralph to Reshingle

question 48

Essay

Jill Homeowner contracts with Ralph Roofer for Ralph to reshingle Jill's roof.Midway through the job,Ralph says that he cannot finish unless Jill promises to pay him an additional $500.There is no real basis for this demand;Ralph just wants more money.Even though she could have gotten one of six other roofers to finish the job at a reasonable price,Jill gives in and promises to pay the $500,after which Ralph completes the job.Later,Jill refuses to pay the additional $500,and Ralph sues her.Jill defends on the basis of duress.What are the chances of this defense working?

Comprehend the concept and benefits of supplier development and how it enhances supplier capabilities.

Understand the characteristics of organizational buyer-seller relationships, including long-term contracts and negotiations.

Identify common organizational buying criteria and how they differ from consumer buying criteria.

Grasp the fundamental reasons business firms engage in organizational buying.

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Definitions:

Motorcycles

Two-wheeled vehicles powered by an engine, offering a form of transportation or recreation for riders.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than others.

Trade

Trade involves the exchange of goods or services between parties, which can be within a country or between countries.

Resources

Economic or productive factors required to accomplish an activity, or to provide a service or product, such as land, labor, and capital.