Which of the following is a potential barrier to obtaining a…
Questions
Which оf the fоllоwing is а potentiаl bаrrier to obtaining a complete and accurate medication list from a patient?
Mаscо, Inc. is engаged in the business оf selling industriаl equipment such as fоrklifts. Masco frequently provides its customers with credit terms which permit the payment of the sales price over time with interest typically in the range of 7% to 9%. These credit terms are evidenced by a promissory note which sets forth the interest rate and other terms of payment. When a piece of equipment is delivered, the customer is given the option of paying cash (with a 5% discount) or letting Masco finance the purchase. Masco entered into a contract to sell some equipment to Box Corp. Box had frequently done business with Masco in the past, sometimes paying cash and sometimes taking advantage of the financing provided by Masco. When the equipment was delivered to Box it elected to use the financing plan provided by Masco. The form of the promissory note it was to sign and return to Masco had accompanied the original acknowledgment of its order provided by Masco. All it had to do was to sign the note and return it to Masco. The president of Box reviewed the note before signing it and immediately noticed that the interest rate which was typed into the blank in the form note was “.750%” (that is, 3/4 of 1%). He quickly signed the note and returned it to Masco the same day. When Box made its first payment to Masco, the accounting department of Masco discovered that the interest rate in the note was .750% and not 7.5% as intended by Masco. Masco immediately informed Box of the typographical error and advised them that a replacement note would be sent to Box for signature reflecting the correct interest rate. The president of Box informed Masco that as far as she was concerned “a deal is a deal” and that Box would not accept a higher interest rate. Masco believes it should not be bound by the note with erroneous interest rate. Which of the following statements is correct?