Yes because the parties were in communication by email, and since the company wanting to distribute the new game for Chou sent the email with all the details of the contract it showed they were still interested and put it in writing the terms of the contract. 4. What role does the statute of frauds play in this contract? The statute of frauds is a law that governs contracts. It states that contracts must be in writing to be enforceable.
The use of email may be binding if it does not state that the intent is to only negotiate terms. If an email or chain of emails states an offer for entering into an agreement it is possible to be entered into a contract. Following past president email has been allowed to be a valid form of contract. Question 4: What role
Express agency can be created with a written or oral agreement between the principal and the agent. In this agreement the principal authorizes a person to act as the principal’s agent (Pearson Learning Solutions, 2012). In the Nature of Agency video Janet, who was acting on behalf of Quick Takes Video as an agent, signs what she thought was a delivery slip, which was in fact a legal binding contract. Although Janet's actions meant well her signature on the contract has bound Quick Take Video in a three month lease with Non-Linear Pro and their faulty system. Janet is identified as the agent acting on behalf of the principle Quick Take Video.
Case Scenario: Big Time Toymaker Paper LAW/421 Case Scenario: Big Time Toymaker Paper In week three of LAW/421, students learned about contracts, specifically how contracts are formed, legal defenses to contract formation and remedies for breach of contract. In this paper, the author applies the knowledge learned in week three to a case scenario in Chapter 6 of the assigned reading. After giving a brief summary of the case scenario, the author will discuss whether the parties in the scenario had a contract or not. Additionally, this paper will discuss the elements of contract formation, the statute of frauds, as well as any defenses that might apply to this scenario. The case scenario introduced in the above paragraph concerns two parties, Big Time Toymaker (BTT), a toy manufacturer, developer and distributer, and Chou, an inventor of a new game called STRAT.
If BTT did receive the contract before the change in management, it may be that legally they are under a contract and may be forced to abide by the terms of the contract. Due to the fact that the original agreement was made via email it may be that BTT is liable to abide by the contract simply because there technically is a typed out direction of agreement from BTT stating what their intentions are in working with Chou. If the legal system sees this as an actual contract, it may be that this is binding enough to keep the business running. In this particular scenario the statute of frauds could possibly play a big role in this contract. The statute of frauds would play a role, because possibly the emails sent by the BTT company could possibly be evidence enough of a “verbal” contract to put them in breach of contract with the Chou company.
A proposal is an offer if it is made in such a way that the person to whom it is made has only to accept it to bring the contract into existence. 2. The three requirements of a valid offer state that both parties must hold a genuine interest in the contract, both parties must be set out and adhered to in full. Along with those conditions, it is also important that both parties voluntarily enter into the agreement. Failure to meet the required elements nullifies the contract.
Week 4 Learning Team D LAW /421 Week 4 Team D In this case Learning Team will analyze the contract that was brought forth between Armstrong (seller) and GCI (buyer). The process of analyzing will include who is responsible for what and what articles of the UCC protect whom. In this case scenario when Armstrong’s manager wrote in that it would be a destination contract and both parties signed it at that moment it changed who was liable for the press if any issues would arise before delivered to the client (GCI) (Melvin, 2011). Under the destination contract it states that the company/organization and/or person selling the goods must deliver to a specific location and in good working conditions if any complications should take place before it is delivered then the seller
BA 265 (Business Law II) FINAL EXAM IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com/BA-265-Business-Law-II-FINAL-EXAM-A-Work-3321212.htm If You Face Any Problem E- Mail Us At JohnMate1122@gmail.com 1.The U.S. Citizenship and Immigration Service issues a rule. Like the rules of other federal administrative agencies, this rule is compiled in 2.A contract that by its own terms cannot be performed within a year must be in writing to be enforceable. 3.The term cure refers to the right of the seller to adjust or replace nonconforming goods. 4.Parker, a salesperson for Quality Textiles, Inc., shows Rosa, a fabric buyer for Style Clothing Company, samples
Reflection LAW/531 January 28, 2012 Bradley Romig Learning Team "B" Week Four Reflection A contract is a legally enforceable agreement between two or more people. Contract administration involves those activities performed by an enterprise's administrative personnel charged with ensuring the performance of the contract fulfillment. A good contract administration plan helps businesses manage a contract effectively and offers a tool for observing the company’s performance and adherence to the contract terms. A successful contract requires management to read the details of the contract carefully and recognize the consequences if the terms and conditions are not met and followed. A contract administration plan creates systems and methods
The stock purchase agreement provides each of us the opportunity to familiarize ourselves with a stock purchase agreement and become part owners in the stock options that are made available through our employer. The learning concepts from week four allowed the team to identify the functions of the Uniform Commercial Code (UCC) and common law. Common law deals with how the law handles rendered services. Services that a person can receive such as cleaning contracts or insurance agreements are considered intangible. The courts can intervene when needed to make decisions when issues arise concerning rendered services.