Team Instructions: Divide the Class into Teams of Three or Four

question 13

Essay

Team Instructions: Divide the class into teams of three or four people.Each team member should work the following problem separately outside of class.Then give the students time in class to compare answers with their teammates and put together a final correct copy of the problem.Each team should turn in only one copy of the problem for grading,along with the annual report used.All team members will receive the same grade.
Provide students with copies of real merchandising companies' annual reports,or give students the Web addresses of real merchandising companies and ask them to print out the annual reports.All team members should work with the same company's annual report.
Answer the following questions using the annual report assigned to your team:
Part A: Complete the following chart:
Part B: Is the company's estimate of uncollectible accounts increasing or decreasing?
Part C: Why might a company's estimate of uncollectible accounts change?

Understand the legal classification of contracts (void, voidable, unenforceable, and executed contracts).

Differentiate between contracts and agreements and understand the requirements for legal enforceability.

Recognize and explain the equitable remedy of quasi-contract.

Identify and explain the rights and claims of third parties in contract law, specifically intended beneficiaries.

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Definitions:

Counterarguments

Counterarguments are reasons or statements presented in opposition to a certain stance or proposition, often used in debates or discussions to challenge the validity of the original argument.

Persuasive Message

Communication specifically designed to influence the attitudes, beliefs, or behaviors of the receiver.

Commitment To Present Attitudes

The psychological state or condition where an individual maintains and defends their current beliefs or attitudes, even in the face of new information.

Early Childhood

A critical developmental period in human life spanning from birth to around 8 years old, characterized by rapid physical, cognitive, and social growth.