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antoniya [11.8K]
2 years ago
4

James Hughes worked for Medtronic, Inc., a medical technology company, as a sales manager. His contract with Medtronic had a non

-compete clause that prohibited him from working for a competitor for one year after leaving Medtronic. St. Jude Medical, S.C., Inc., was a competitor of Medtronic. In an effort to expand their business, St. Jude contacted Hughes about joining them. Hughes felt dissatisfied with conditions at Medtronic, and so began negotiations with St. Jude. Hughes shared his current contract with St. Jude's executives, who told him that his contract with Medtronic was unenforceable and offered him a job as a sales director at a significant higher salary. In fact, the contract was enforceable under state law. Hughes accepted the job offer from St. Jude. Medtronic filed a suit against St. Jude, alleging wrongful interference. Did wrongful interference occur and if so, which type of wrongful interference occurred?1. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract.
2. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract.
3. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract). Medtronic is suing for wrongful interference with a _______.
4. Who are the parties to the initial contract?5. _____is the third party who knew about the contract.
6. St. Jude learned about the contract and noncompete clause between Hughes and Medtronic from _____.
7. It is _____that St. Jude intentionally induced Hughes to breach his contract with Medtronic.
8. St. Jude ______before he left Medtronic.
9. What did St. Jude represent regarding the noncompete clause? That it ____enforceable.
10. Was the noncompete clause enforceable? 11. Did it matter if the clause was unenforceable? 12. Based on these facts, does it appear that St. Jude intentionally induced Hughes to break his contract with Medtronic?
13. Is Hughes liable for intentional interference with a contract?
15. Hughes is _______to be held liable for breach of contract.
16. If St. Jude had informed Hughes that the noncompete clause was enforceable and Hughes still left to come to work for them, would St. Jude be liable for intentional interference with a contract?
Business
1 answer:
Serhud [2]2 years ago
8 0

Answer:

<em>YES</em>

<em>Because by definition, wrongful interference occurs when one person intentionally damages someone else's contractual or business relationships with a third party causing economic harm</em>

Explanation:

Did wrongful interference occur and if so, which type of wrongful interference occurred?

<em>YES</em>

<em>Because by definition, wrongful interference occurs when one person intentionally damages someone else's contractual or business relationships with a third party causing economic harm</em>

<em />

1. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract exists one party is targeting the others' customers/ A third party is inducing another to break a contract.

2. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract exists one party is targeting the others' customers/ A third party is inducing another to break a contract.

3. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract).

<em>Medtronic is suing for wrongful interference with a contractual business relationship. </em>

4. Who are the parties to the initial contract? <em>Medtronic and James Hughes</em>

5.<u><em> St. Jude Medical, S.C., Inc </em></u>is the third party who knew about the contract.

6. St. Jude learned about the contract and noncompete clause between Hughes and Medtronic from <em><u>James Hughes</u></em>.

7. It is <u><em>true</em></u> that St. Jude intentionally induced Hughes to breach his contract with Medtronic.

8. St. Jude <u><em>offered James Hughes a job as a sales director at a significant higher salary </em></u>before he left Medtronic.

9. What did St. Jude represent regarding the non compete clause? That it <u><em>was not </em></u>enforceable.

10. Was the noncompete clause enforceable? YES

11. Did it matter if the clause was unenforceable? YES

12. Based on these facts, does it appear that St. Jude intentionally induced Hughes to break his contract with Medtronic?  YES

13. Is Hughes liable for intentional interference with a contract?  NO

15. Hughes is <u>NOT </u>to be held liable for breach of contract.

16. If St. Jude had informed Hughes that the noncompete clause was enforceable and Hughes still left to come to work for them, would St. Jude be liable for intentional interference with a contract? NO

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Brums [2.3K]

Answer and Explanation:

The computation is shown below;

a. For Warranty Expense

= Sales × Estimated Warranty Percentage%  

= $4,144,400 × 0.87%%

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b)

The amount that should be reported is

Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635

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2 years ago
Diogo has a utility function,U(q1, q2) = q1 0.8 q2 0.2,where q1 is chocolate candy and q2 is slices of pie. If the price of slic
guapka [62]

Answer:

(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20

since q_2 = 20

q_1 = 8*20\\\\q_1=160

Explanation:

U(q₁ q₂)

q_1^{0.8}q_2^{0.2}\\\\P_1= \$0.5 \ P_2=\$1 \ Y=100

Budget law can be given by

P_1q_1+P_2q_2=Y\\\\0.5q_1+q_2=100

Lagrangian function can be given by

L=q_1^{0.8}q_2^{0.2}+ \lambda (100-0.5q_1-q_2)

First order condition csn be given by

\frac{dL}{dq} =0.8q_1^{-0.2}q_2^{0.2}-0.5 \lambda=0\\\\0.5 \lambda=0.8q_1^{-0.2}q_2^{0.2}---(i)

\frac{dL}{dq} =0.2q_1^{0.8}q_2^{-0.8}- \lambda=0\\\\ \lambda=0.2q_1^{0.8}q_2^{-0.8}---(ii)

\frac{dL}{d \lambda} =100-0.5q_1-q_2=0\\\\0.5q_1+q_2=100---(iii)

From eqn (i) and eqn (ii) we have

\frac{0.5 \lambda}{\lambda} =\frac{0.8q_1^{-0.2}q_2^{0.2}}{0.2q_1^{0.8}q_2^{-0.8}} \\\\0.5=\frac{4q_2}{q_1}\\\\q_1=8q_2}

Putting q_1=8q_2 in euqtion (iii) we have

(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20

since q_2 = 20

q_1 = 8*20\\\\q_1=160

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Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $2,400 million in the coming year. In addition,
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Answer:

Explanation:

The computation is shown below:

The free cash flow is

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Now the total firm value is

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= $1,995 million ÷ 7.8%

= $25,576.92 million

Now the intrinsic value of equity is

= Total firm value - outstanding debt - preferred stock

= $25,576.92 million - $11,510 million - $6,394 million

= $7,672.92 million

And, the intrinsic value per share

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= $11.37 per share

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Solar Hydro manufactures a revolutionary aeration system that combines coarse and fine bubble aeration components. This year (ye
Ierofanga [76]

Answer:

$7,986

Explanation:

To calculate the equivalent annual cost for 5 year period at an interest rate of 10% per year we need to go through some minor calculations first.

DATA

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Decrease in cost each year after the first year (G) = $560

Interest rate = 10%

Time period = 5 years

Solution

EAC = A - G (A/G, i, n)

EAC = $9,000 - $560(A/G, 10%, 5)

EAC = $9,000 - ($560 * 1.8101)

EAC = $9,000 - $1,013.656

EAC = $7,986

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Answer:

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Hence, the correct option is c.

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