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Business laws -content– 1. To promote the new minor league hockey team coming to town, the owners of the team, H.K. Enterprises, announces a contest to name and create a mascot for the team, offering the winner a prize of $10,000 and season tickets for life. Before a winner is announced, the owners decide the prize money is more than they can afford. Discuss whether they can change the prize before the contest is over by defining bilateral and unilateral contract, applying the correct type to the facts, and reaching a conclusion? 2. Jose and Maria were renting their home and asked their landlord, Martin if he would consider selling it to them. Martin encouraged them to apply for financing, and even referred them to a mortgage broker. However, when they applied, they were told they needed to improve their credit score to qualify for a mortgage. To help establish credit, Jose and Maria took out a loan to add a garage onto the house, so Jose could do car repairs at home to earn extra money. When Maria lost her job, they missed their rent payment to Martin who promptly sued to evict them. Do Maria and Jose have a successful argument for a quasi-contract to recover the amount they spent to build the garage? Discuss whether Martin will be unjustly enriched? 3. A vendor at the flea market has a table full of purses for $40, which appear to be identical to top designer brands that sell for $400 or more. Although Nicole suspects that they might be fakes she can’t pass up a bargain and buys 5 of them in 5 different colors. When the first one falls apart in a week, she takes them all back to the vendor and asks for a refund. The vendor points to the sign that says, no refunds or exchanges, and refuses to take them back. Does Nicole have a right to demand that the contract should be void or voidable based on the violation of copyright laws that protect brand name designs? 4. Office Supply Center sends out an email to all of its customers stating, “Free tote bag and 20% off everything that fits in it, to the first 100 customers! Is this an offer or just an advertisement? What additional terms are needed to make the offer definite and certain? 5. David and Jennifer need new siding on their home, but the deck needs to be repaired before the siding can be done. They get competing estimates from contractors, and tell Denise from The House Fixers that their offer is acceptable but the work can’t be done until the deck is finished. Denise says, “That’s fine, just call us when you are ready to start.” David and Jennifer have all kinds of trouble getting the deck contractor to finish the work, which is further delayed by weather conditions, so an entire year goes by before they contact The House Fixers to schedule the siding work. Denise is no longer working there, and the new office manager, Karen says the contract is no longer valid and has to be rewritten to reflect new pricing. Analyze whether the contract is valid by addressing who was the offeror and who was the offeree, whether the terms of the offer and the acceptance were definite and certain and whether the offer was rejected by lapse of a reasonable time? 6. Felicia texts her sister, Krissie, “Will sell u my car for $500, need money ASAP” Krissie knows the car is worth ten times that, but her sister really needs the money, so Krissie texts back, “OK”. Krissie successfully runs a cupcake food truck, so she writes her sister a check from the business account for “Krissie’s Kupcakes”, and puts it in the mail to her sister. However, a week later when Krissie finds time to go get the car, she finds out that Felicia has sold it to someone else for $3000, but of course she has already cashed the check. When the two sisters end up on the Judge Judy show, Felicia testifies that her sister should have known that her offer was so low she wasn’t serious about selling it for so little, and that she cashed the check assuming it was payment for the when she helped her sister out when the truck was parked at the state fair for a week. Will Judge Judy decide that the sisters made a valid offer and acceptance for the sale of the car? PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT

Business laws -content– 1. Stefano, a 20-year-old college student pursuing a degree in Business and Culinary Arts, has a part-time job working in a small, but successful Italian restaurant where the Chef is teaching him all the tricks of the trade. Stefano is a quick learner with a strong work ethic, and in appreciation for all that his mentor has done for him, Stefano promises, “When I make it big, I promise to pay for that trip to Italy you always wanted to take!” Define illusory promise and explain whether Stefano has made an illusory promise. If yes, what can Chef do to make it a binding contract? If not, what must happen for the Chef to know that Stefano has achieved enough success that it is time for the trip to Italy? 2. Gwen runs a small second hand clothing and furniture shop that takes consignments. Janice contracts with Gwen to sell all the furniture from her deceased parent’s home. The consignment contract offers to display furniture for 6 months, with a sliding scale percentage payment system that provides Janice with 50% of the sale price if it sells in the first month, 40% in the second month, and progressively less if it takes more time to sell. Thirty days later, Gwen’s business is so slow she can’t pay her rent, so she decides to downsize to smaller space and limit her stock to clothing. Gwen notifies Janice along with all customers with furniture consignments that they must remove all furniture from stock or pay a storage fee of $100 per month. Define the pre-existing duty rule and the exceptions to the pre-existing duty rule. Explain whether the pre-existing duty rule applies and then explain whether any of the exceptions to the rule apply. Based on your analysis, conclude by stating whether Gwen can change Janice the $100 a month extra storage fee. 3. Vanessa volunteered at the dog shelter all through high school and quit when she was leaving for college. When she quit, the manager, Joe, said to her “you were such a good worker for the past three years, I am going to give you $1000 in appreciation for your work to help with your college expenses.” Joe never pays Vanessa the $1000. Since Vanessa really needs the money for college, what advice would you give her about trying to collect the $1000? What contract principles must be considered to determine if it is worth her effort? What if Vanessa relied on Joe’s promise? 4. Brendon asks Dylan to fill in for him in his landscaping job, mowing lawns for three condominium complexes for a week while Brendon takes a vacation. Brendon agrees to pay Dylan $300 if he does so. Dylan gets the jobs done, but when Brendon returns he does not pay Dylan, claiming he did not give adequate consideration for the contract because several homeowners complained that the work was not done as well as Brendon did it. Explain the principle of adequacy of consideration and whether Brendon is legally obligated to pay Dylan. 5. Dusty ran a small neighborhood bar that often hired ex-offenders to help them transition back into the job market after their release from prison. To help keep his employees productive, Dusty maintains a strict “no drug” policy and offered to give $1000 bonus at the end of the year if all employees stayed clean, and no one ever showed up to work under the influence of illegal drugs. What type of consideration is Dusty requesting? Is it adequate consideration that creates an enforceable contract? 6. Accountant, Lin Jing, agrees to provide her client, ABC Pest Control, with annual services for $5000, which could include a variety of accounting services. When C.J. Willis, the owner of ABC Pest Control, gets a bill for $5,000 for the preparation of the company’s state and federal tax returns, he does not agree that he owes Jing that much money and sends her a check for $500. He writes “paid in full” on the check. Jing cashes the check and then bills Willis for the balance of $4500.00, adding on a monthly service charge of 21%. Define all the element of accord and satisfaction and apply each element to the facts in this case to reach a conclusion about whether Willis is legally obligated to pay any more money to Jing. 7. Frederica runs an organic farm that sells at local farmer’s markets. Marisa, the owner of a restaurant, the Lacavore Kitchen, bases her entire reputation on using locally grown organic vegetables, so she asks Frederica to enter into an exclusive arrangement to sell all of her stock to her and no one else. Frederica agrees and all spring and early summer, Marisa pays for all of her asparagus, beets, arugula, leeks, heirloom tomatoes, peppers, and eggplant, but when she brings bushels of swiss chard, Marisa refuses delivery and says she hasn’t found any recipe using swiss chard that her customers will eat. Fredrica can’t find any other buyer, and it’s too late to reserve a table at the local farmer’s market. Define output and requirement contract and explain which type of contract Frederica and Marisa made. Is it enforceable under contract or UCC law? What does the UCC require parties to do in these types of contracts? PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT

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