“Preexisting legal Obligation” and “Past consideration”

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Explain what constitutes consideration
Distinguish between a “preexisting legal obligation” and “past consideration”
Explain why promises based on moral obligations lack consideration
List the exceptions to the requirement of consideration

Sample Solution

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Application Software

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Two popular word-processing application software are Googledocs and Microsoft Word. The objective of this assignment is to expose you to various word processing software tools to compare their features and functionality, hence exploring how these applications can be used to assist with everyday personal or business functions, where applicable.

For comparison, you are to utilize the more popular features offered in each of these applications, by creating a basic document in each of the two (2) applications listed above, on a specific topic of interest.

Sample Solution

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Business Ethics Analysis

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Allison operates a pizza establishment and has run into difficult economic times. Just when Allison feels that her business was finally going well, a new pizza place opens nearby. Allison cannot stand the thought of again facing bankruptcy of a business that she has worked so hard for. Allison contacts the suppliers of the new pizza place and tries to convince them not to deal with the new place. The credit worthiness of the new restaurant is lied about, and the moral character of the owner called into question. What torts has Allison committed? What defense(s) might she assert? What ethical issues are presented by Allison’s behavior? How can they be resolved?
Thoroughly explain your answer. Fully describe the applicable laws and then apply them to the material facts. Explain your analysis. If you make assumptions of fact, fully explain them

Sample Solution

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Risk Methodologies

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Apex is considering coffee packaging as an additional diversification to its product line. Here’s information regarding the coffee packaging project:

Initial investment outlay of $40 million, consisting of $35 million for equipment and $5 million for net working capital (NWC) (plastic substrate and ink inventory); NWC recoverable in terminal year
Project and equipment life: 5 years
Sales: $27 million per year for five years
Assume gross margin of 50% (exclusive of depreciation)
Depreciation: Straight-line for tax purposes
Selling, general, and administrative expenses: 10% of sales
Tax rate: 35%

Assume a WACC of 10%.

Should the coffee packaging project be accepted? Why or why not? Compute the project’s IRR and NPV.

In addition, answer the following questions:

Do you believe that there was sufficient financial information to make a solid decision on what to do?

Was there further financial information that you required that was not provided to you?

What financial figure do you believe was the determinant to your decision and why?

How would you be able to apply this particular financial information to other situations?

Discuss risk methodologies used in capital budgeting.

Sample Solution

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