Contract Analysis : Business Law Busi 561 B21 Essay

Wally, business owner of Windy City Watches is located in downtown Chicago, IL. Business is booming and Wally needs to buy a large quantity of Rolek watches which sell for $50 apiece. He calls Randy Rolek, the wholesaler located in Milwaukee WI. They discuss terms on the phone for a while before coming to an agreement in which Wally offers to buy 100 watches for $25 each. Randy sends over an order form in which Wally states that he is agreeing to purchase watches from Randy for $25 each, but does not include the quantity in which he will buy. Randy sends 50 watches the following week with a note included stating that he has sent 50 watches and will send the other remaining 50 watches within a few days but includes the bill for the full

This discussion board post will respond to various questions regarding the Contracts Analysis Case Study involving Marshall Petersen and his local health food business from a

These can be sold to customers or rented out. They also act as a wholesaler and supply equipment to other musical retailers.

The intent of this mediation memo is to explain the breach of contract by the Muscadine grape producer, with whom l had entered into an agreement with to supply Muscadine grapes for my business. The agreement was supposed to account for a fixed price schedule, and I will delve into the facts of the case to clarify the breach of contract. I will explain the legal issues of the contract breach, request possible restitution, and appeal to conditions under which we can arrange a settlement.

Bernie a resident of Richmond, Virginia decides to sale his 2006 Ford Fusion for $13,000.00 and places an ad in his local newspaper on February 1st. After several weeks without any inquiries, Vivian contacts Bernie on March 1st stating she will pay him $12,000.00 for the car. Bernie arranges to meet with Vivian on March 5th to complete the deal. Vivian comes to Bernie’s house on March 10th and says she will give Bernie $12,500.00 for the car; but she needs three additional weeks to come up with the money. Bernie agrees but only if Vivian puts down a deposit. Vivian agrees and Bernie drafts an agreement stated the sale will must take place no later than March 31st. Vivian reads and signs the agreement and

Enforceable contract Peter v. Don. Peter will have an enforceable contract with Don if he can show that all the required elements of a contract are present. If there is a contract between the two then it will be governed by the common law requirements of an enforceable contract instead of the Uniformed Commercial Code, which would be used if their agreement had involved the sale of goods. In order for a contract to be formed between Peter and Don the two must react mutual consent Mutual consent can generally be formed through the form of an (A) offer and (B) acceptance. An additional requirement for both parties to show (C) consideration is also

All operations within an organisation must be viable through legislation. Legislation often constrains just how much information an organisation can have and the manner in which it can be used. Legislation exists to protect both employee and employer from unfair conduct. Legislation is a law which has been produced by the government. Legislation exists to authorise access to particular files, to sanction individuals who do not abide by guidelines set, to restrict how much information can be given, etc. For example, employees must have a formally written contract of employment prior to commencing work with a company. It protects employees against unfair dismissal and states that a redundancy pay must be paid if the

Contract is defined as an agreement between two or more parties creating obligations that are enforceable or otherwise recognizable at law. For purposes of this chapter, we are concerned with agreements to buy and sell some type of agricultural product. Contracts 101 You should be concerned about contract law because it determines how parties to the contract will need to keep the promises they make. Although very few contracts ever end up in court, if the parties to a contract disagree on something and are unable to resolve the disagreement, they may have to resort to the judicial process. This means that as the parties negotiate a contract, they need to consider how a judge might ultimately interpret it. For a contract to be enforceable, it must involve:

FACTS: The nation’s leading loan management, servicing and asset recovery company, Navient was awarded a contract to help the state of Indiana collect outstanding tax liabilities. Navient was awarded a performance based contract from the Indiana Department of Revenue. The terms of the contract, Navient will aid with the Tax Amnesty 2015 program which will allow taxpayers with past due taxes a limited time to pay their tax liability free of interest, collection fees and penalties.

Marshall received a signature on a contract from a seventeen year old minor in which he hopes to enforce. From a legal standpoint, minors have a limited ability to enter into contracts. The seventeen year old minor employee can void the contract he signed at any time. Minors have the option to do this because of laws made to protect them

Yes, the negligence in this case is that the students were negligent. They engaged in a threatening act that a reasonable, prudent person would not by painting what appeared to be a weapon at a person and threatening their life. Just the fact that they stormed the building fits the definition of negligence. Even if their intention was not to hurt anyone physically, they did hurt people mentally in the case of Prudence. There are many different ways in which they could have gone about this in a more peacefully way, which makes this negligence in itself.

Tech Ltd hired extra electricians and worked longer hours to complete the installation as agreed on 20th December.

Rule : : Contract formation requires mutual assent (offer and acceptance), consideration, and no viable defenses to contract formation.

Fenn Valley is a 43-year-old vineyard that operates on a 240-acre farm. Even though it has 240 acres only 83 acres are currently cultivated. The manager mention that the vineyard could possibly expand another 5 acres if needed, but after that, all the land has been used. Because Fenn valley has reached capacity on their farm, they are receiving grapes from three other farms in South West Michigan through contracts. Contract are agreements between wineries and grape growers. Everything in these contracts are laid out: the number of years they will be doing business together, the price & quantity of fruit produced each year, the manner in which the grapes are grown, and who will be doing actual work. (the farmer, the winery, a vineyard management firm) An interesting fact given on the tour about these contacts is that each party involved is require either to give a three-year notice before ending the

would give 100 £. The company then deposited 1,000 £ in a bank to show