LittleCorp and GreenCorp started negotiations regarding a jo…
LittleCorp and GreenCorp started negotiations regarding a joint venture to develop a large raw land parcel into a mixed-use community. One of the touchiest issues – which is not surprising – is how much cash each party would devote to the project. LittleCorp told its lawyer to _____________________ by offering to contribute a low amount. LittleCorp then expected GreenCorp to offer a request that LittleCorp contribute substantially more. LittleCorp then intended to offer an incrementally increased amount from its initial amount, with a series of “give-and-takes” until a mutually agreeable contribution amount by LittleCorp was agreed. Then the deal proceeded.(Select one answer only.)