Difference Between Law 531 Contract Creation And Management

Satisfactory Essays
Contract Creation and Management
LAW/531
October 17, 2011
Contract Cron and Management
The objective for the contract creation and management assignment was to review The Nature of Agency video. After watching the video, the assignment asks for an analysis of the issues presented in The Nature of Agency video. The video elaborates on how someone signature can cause the company a lawsuit. In the video, the company Quick Takes Video is facing a collection claims from Non-Linear Pro because of a new editing video system.
Issues Presented In the Nature of Agency video, Quick Takes Video was trying a new video editing trial basis. Non-Linear Pro is the company who leased the trial basis to Quick Takes Video. After receiving poor service from the new editing system, “Quick Takes Video decided to break their lease in the first month instead of trying the trial basis for three months” (Cheeseman, 2010). “Non-Linear Pro is trying to charge Quick Takes Video for a three-month lease that Quick Takes Video assumed they did not sign the lease” (Cheeseman, 2010). After reviewing and inquiring about the lease, the employees discovered that another employee had signed the slip that she thought it was the delivery slip.
Actions
…show more content…
Cases like this, employees needs to pay attention to details and not assume something is what it is not. By signing that one line, this can cause the company major legal issues and lawsuits. All of this could have been avoided if the agent was paying attention to detail. Lack of knowledge and carelessness may cause the company to go out of business, lawsuit, or collection claims that could have been

You May Also Find These Documents Helpful

  • Good Essays

    Legal Encounters LaTausha Freeman Law/531 December 10, 2012 Lillian Watson Legal Encounters This paper will answer questions posed during employment legal encounters based on law requirements to indicate liability and ramifications associated based on the scenario. Legal Encounter 1 Cheeseman outlines that employment is subject to the common law of contracts (2010). Pat entered into an agreement with NewCorp for employment; acting on the premise that NewCorp would uphold…

    • 710 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Ldr 531 Week 4

    • 1300 Words
    • 6 Pages

    Determining Your Perfect Position First Name, Last Name LDR/531 July 05, 2010 Dr. Cheryl D. Smith Determining Your Perfect Position Leaders motivate people who work or follow them, and this establishes the ambiance for the most aspect of what they do. Leadership is an essential quality of a manager. It is how they get their workers follow their plan or goal. Upper managers and their boards although considered as the leadership team which influence employees and direct work…

    • 1300 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Law 531 Week 1

    • 319 Words
    • 2 Pages

    ADR Daniel J. Navatta LAW/531 January 17, 2011 Michael Kelley While working as a team it is important that all members set goals and agree to work together. In order to come to a common goal each member must set guidelines and follow them, in order to achieve success. In an instance where team members can’t agree on a certain…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Law 531 Week 3

    • 721 Words
    • 3 Pages

    Litigation and Alternatives Video LAW/531 October 10,2012 Litigation and Alternatives Video Quick Takes Video was interested in an editing system by NonLinear Pro they saw at a trade show. After three weeks Quick Takes decided they were not interested in the product because it performance did not meet the company’s expectations. Quick Takes Video contacted NonLinear Pro that they could pick up their product only to learn that NonLinear Pro expected five thousand dollars as per the lease…

    • 721 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Law 531 Week 2

    • 954 Words
    • 4 Pages

    Quiana Fryar University of Phoenix Business Law/531 Recognizing and Minimizing Tort and Regulatory Risk Plan Mrs. Lillian Watson June 14, 2010 Recognizing and Minimizing Tort and Regulatory Risk Plan In today’s business environment it is important for all organizations to develop and maintain a plan to avoid regulatory risks. Management should be able to manage any risks through preventive, detective, and corrective measures. As a manager it is important to prevent extensive loss, environmental…

    • 954 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Acc/531 Week 4

    • 646 Words
    • 3 Pages

    Chapter 12 & 13 1. A sales manager collected the following data on salespersons’ annual sales and years of experience. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 97 3 4 92 4 4 102 5 6 103 6 8 111 7 10 119 8 10 123 9 11 117 10 13 136 a. Develop a scatter diagram for these data with years of experience as the independent variable. b. Develop an estimated regression equation that can be used to…

    • 646 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Acc/531 Week 4

    • 623 Words
    • 3 Pages

    MTT (Set 5 with answer) 1) The following is selected information from the records of Ray, Inc.: Purchases of raw materials $ 6,000 Raw materials, beginning 500 Raw materials, ending 800 Work-in-process, beginning 0 Work-in-process, ending 0 Cost of goods sold 12,000 Finished goods, beginning 1,200 Finished goods, ending 1,400 What is the total amount of conversion costs? a. $5,500 b. $5,900 c. $6,100 d. $6,500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)…

    • 623 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Hrm/531 Week 4

    • 715 Words
    • 3 Pages

    1. Which of the six reasons that control is needed are apparent in this case? Explain. • Complexity of effective delivery is needed to successfully achieve the company’s goal of providing customers with the best delivery services (Kinicki & Williams, 2016, pg. 513). UPS needs to reduce the complexity of the services to reduce the risk of unexpected failures, such as weather changes. In addition to that, with the growth of the company also comes with the expansion of the level of production and product…

    • 715 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Acc/531 Week 4

    • 4142 Words
    • 17 Pages

    process of associating income tax effects with the income statement components that create those effects. True False 3. Material restructuring costs are reported as an element of income from continuing operations. True False 4. Earnings quality refers to the ability of reported earnings (income) to predict future earnings. True False 5. Gains, but not losses, from discontinued operations must be separately reported in an income statement. True False…

    • 4142 Words
    • 17 Pages
    Good Essays
  • Satisfactory Essays

    Acc/531 Week 4

    • 1333 Words
    • 6 Pages

    Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4…

    • 1333 Words
    • 6 Pages
    Satisfactory Essays