Contract Analysis Case Study Example

A contract is defined as, “a legally enforceable exchange of promises or an exchange of a promise for an act that assures that parties to the agreement that their promises will be enforceable (Kubasek 2015).” Contracts are essential for businesses to conduct business with one another. Before delving too far into the Muscadine grape case, it is also important to note that a sale is the, “passing of title to goods from buyer to seller for a price (Kubasek 2015)” and that a good is considered, “tangible personal property (Kubasek 2015).” Muscadine grapes and their by-products are the goods in question. When considering any legal case it is important to first consider the facts and the issues that are being considered.

My son turned 18 last month and did not void said contract prior to such. I personally believe that Petersen committed

I drafted the requirements and one particular day, I handed the supplier’s son the requirements contract and asked him to sign on behalf of the company, which he agreed to. However, the demand for the products skyrocketed nationwide after an article was written in the Huffington Post highlighting the antioxidant qualities of Muscadine; prompting the supplier to repudiate the contract by either increasing the prices of the products or referring me to other providers. At the time, the requirements contract was signed by the supplier’s son I was not aware that he a minor.

Directly after the article’s publication, Mr. Barfield informed me that his family farm could no longer supply the Muscadine grapes and other antioxidant products to my health store. As a business owner, I believe the breach of contract by Mr. Barfield and his family farm, will cause irrevocable harm to my business profits. As a learning student of faith and Christ, I am perplexed by Mr. Barfield’s integrity. In church, I have been learning that just as God keeps his words, he expects his followers to do the same. I offer you the following Bible verse as a basis for expecting Mr. Barfield to fulfill his Christian duty to his promise, “It is better not to make a vow than to make one and not fulfill it. (Ecclesiastes 5:5, New International Version).

1) Prepare common-sized balance sheets and income statements for Just for Feet for the period 1996-1998. Also, compute key liquidity, solvency, activity, and profitability ratios for 1997-1998. Given these data, comment on what you believe were the high-risk financial statement items for the 1998 Just for Feet audit.

Minors, who become emancipated, that is, no longer under the control of their parents, are responsible for their contracts.

Under Texas law, is a contract “valid” at the time it was created when a 16-year-old is involved in a contract with a production company, even though such contract is unenforceable?

In this paper an attempted analysis is made to answer the following questions from both a legal and spiritual perspective: What should be done about continuing doing business with Marshall? If you elect to stop doing business with Marshall, what legal causes of action might he bring against your company, what damages or remedies might he seek, and what legal defenses might your company have? Also, if you stop doing business with Marshall, what are the potential impacts on Marshall’s continued exploration of his faith? What biblical options are available for resolving your disputes with Marshall?

Contract Analysis Case Study Doing business with others always involves risk. Doing business with a friend can be riskier still unless both parties take care to clearly communicate expectations and establish a legal contract. Doing business with a friend who is a non-believer not only carries the aforementioned risk, it also carries the weight of one’s Christian testimony when conflict arises. Continuing Business with Marshall Several options exist regarding continuing business with Marshall.

Contract Law Case Study Both the parties in the question have come to a problematic situation

Lastly, Christians, as Marshall will learn, hold each other accountable when they’re in the wrong. The family business owners will do the right thing by stopping all business with Peterson and taking him to court. Disregarding Marshall’s bitter feelings, after losing his case, to the family, this will teach Marshall the important lesson of what it means to be a Christian. No more will he be allowed to carry somewhat shady practices with other business owners to increase his worth. The family taught him that in order to be a follower of Christ, one must leave all their sin at the door and discontinue their sinful ways. This is why the family must still keep their relation with Marshall; they must serve as guide to him to help him become a better

In reading the first article Coach Knight: The Will to Win, I found the article found Coach Knight to be very offensive and mean to his players. Coach Knight did not display good leadership skills. According to the article, Coach Knight’s drive and passion for excellence was not always received as well as his record of wins and losses Snook, Per low, Delacey, 2005).

Kate is the owner of a successful business, selling women’s shoes. Her business is expanding fast and she wants to upgrade her business structure to a more appropriate one. What would be your recommendation to Kate and why? What are the factors that influence you with this advice?

Before unilateral contracts come into place, contract law is about a promise for a promise. Cases such as Carlill v Carbonic Smoke Ball Co. have shown how the contract law has adapted to accommodate this form of contract. Judges seek to identify consideration and acceptance in unilateral contracts whilst managing to achieve a balance between protecting reasonable expectation of an honest man and retaining respect for the sanctity of contract.

Contracts, business, and laws are three simple little words, but when put together they have a substantial impact on our everyday lives. Below we will discuss three case studies. The first case is between Chris, Matt, and Ian vs. Donald Margolin, who was injured when he used an aftershave lotion that he bought off the internet called Funny Face. The second case is between Sam, his landlord, and a national chain store. Sam is being accused of conducting business from his apartment and going back on a verbal promise. In the last case is two lifelong friends who decided to join in a partnership and open up a sporting goods shop. Therefore, before the appropriate court can proceed with the first case, the court should take into several considerations around the rules of jurisdiction, alternative dispute resolution (ADR), and whether or not corporation/or corporate offices can be held for the criminal or potential act. In the second case before the court can rule the court should determine the various elements of a valid contract, if a quasi-contract exists, a promissory estoppel, and the rights an obligation of a tenant would prevail on Sam 's claims. Finally, in the third case between Jeb and Josh, they should determine the type of business entity that will overall protect their business and personal needs.