Assignment task: Read the case study below, and create an approximate 1 page response detailing IRAC for each of the following contracts.
Barbara is a successful business woman. Her well-known business makes and installs office furniture and equipment in large organisations. Owing to her success, she is often subject to pressure when negotiating business deals, as other parties are aware that she can often afford to pay large sums of money. Barbara accepts that this is part of business, but is particularly concerned in relation to a few contracts.
CONTRACT:
Contract three is between Barbara and one of her suppliers. Barbara desperately needs the materials from the contract in order to use them in another contract. The suppliers are refusing to give Barbara the goods unless she pays them double the price. There are no other suppliers of these goods, therefore Barbara pays the price.