Project #41508 - Learning Activity

Must be 5-10 secentences long 

 

 

Question #1 Ed, a businessperson, is a friend of Fran, the owner of a candy store. Every day, Ed spends five minutes in Fran’s candy store, looking at the candy and usually buying one or two candy bars. One afternoon, Ed goes into the store, looks at the candy, and picks up a $1 candy bar. Ed waves the candy at Fran without saying a word and walks out. Is there a con­tract? If so, how would it be classified in terms of formation, performance, and enforceability?

 

Question #2  On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI’s financial statements for the current year for $1,000. In the letter, BNI stated that Carol had ten days to accept. On May 5, Carol sent BNI a fax that stated, “The price for the audit seems too low. Would you consider paying $1,200?” BNI received the fax. The next day, Dan offered to conduct the audit for $800. On learning of Dan’s offer, Carol immediately e-mailed BNI, agreeing to do the work for $1,000. BNI received this e-mail on May 7. Explain why BNI and Carol do, or do not, have a contract

 

Question #3    Flossy promises to pay her cousin Garth, who is dangerously obese, $10,000 if Garth loses 100 pounds within the next two years.  Garth agrees, per­forms his part of the bar­gain, and asks for the money. Flossy refuses to pay, say­ing that she forgot about the deal, but that even if she did make such a pledge, there was no valid consideration for it. Garth files a suit against Flossy. In whose favor is the court likely to rule, and why?

 

Question #4  Baby Products, Inc., hires Cole to develop and implement an e-commerce strategy for marketing Baby’s products. Cole signs a contract that includes a clause prohibiting him from competing with Baby during and after the employment. Before the strategy is implemented, Cole resigns from Baby’s employ and opens a business to compete with Baby. In Baby’s suit against Cole, to determine whether Cole may compete with Baby, what is the most important factor the court should consider?

Subject Law
Due By (Pacific Time) 09/29/2014 01:00 am
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