Trident BUS205 module 1 case and slp

| October 22, 2018

Module 1 – CaseCONTRACT LAWCase AssignmentBefore starting your Case Assignment, make sure to thoroughly review the Pearson tutorial and the three required textbook chapters. You will need to cite at least three of the required sources for your assignment. Make sure you fully understand the main elements of a contract and all of the conditions required for a contract to be valid. Then go through the five scenarios below with the concepts from the module in mind.For each scenario, answer the questions and make sure to support each answer with at least one reference to the required background materials. Be clear about how the .homeworkminutes.com/question/view/82504/Trident-BUS205-full-course#”>reading that you cite supports your answer. Your paper should be four to five pages total in length:1. You are at a bar watching a football game. You run into your friend Bob and make a bet for $1000 on the game. You have ten witnesses to the bet, but just to make sure you have Bob sign a short statement on a napkin regarding the bet. You win the bet, but Bob refuses to pay even though you have sworn statements from all of your witnesses and have a handwriting expert who can prove that it is Bob’s handwriting on the napkin. Will you be able to legally collect your money from Bob? Why or why not?2. Suppose you are selling your house and receiving bids from potential buyers. Your largest offer for your house comes from someone who is 80 years old but is very wealthy and has more than enough money to buy your house. He signs an .homeworkminutes.com/question/view/82504/Trident-BUS205-full-course#”>agreement to purchase your house for $500,000. A few months later, he has not yet paid you and you are unable to reach him by phone or email. You later find out he is living in a home for senior citizens with Alzheimer’s disease. Will you be able to force him to pay you the $500,000?3. You sign an agreement to provide consulting services for a friend of yours. The agreements are that you provide a business report for him on how he can improve the profitability of his small company. The agreement is simple and only includes the following: A) Your name and the name of your friend, B) an agreement that you will complete your report within one month, C) your report will be 50 pages and provide at least five recommendations on how to increase profits, and D) your friend will pay you $50,000 when your report is completed. When you complete your report, your friend is not satisfied and says none of your five recommendations will work and refuses to pay. Neither of you wants to go to court. What went wrong with this contract – the offer, the acceptance, the consideration, or other? What additional clauses do you think should have been included in the contract to prevent this disagreement?4. You own a small construction business and you run into your father-in-law who wants to hire you for a $10,000 project. He is adamant about not signing a contract, and says, “We are family! No need to get lawyers involved; we trust each other.” Being familiar with contract law you know that since you are providing a service rather than selling physical goods, an oral contract will be valid for amounts over $500. However, you know that your father-in-law is a bit absent-minded and might forget the terms of your oral agreement. What step or steps might you take to protect yourself from a future disagreement without a formal written contract?5. Suppose you own a furniture manufacturing company. You have an oral agreement with a local furniture store to sell your products at a set price of $200 per couch and $25 per chair for a period of two years, with the store agreeing to buy at least five pieces of furniture per month during these two years. There are numerous witnesses to this contract but nothing is in writing. If the furniture store decides to stop purchasing your furniture after one year, is this oral contract enforceable? Explain your reasoning.Assignment Expectations· Answer the assignment questions directly.· Stay focused on the precise assignment questions. Don’t go off on tangents or devote a lot of space to summarizing general background materials.· Make sure to use reliable and credible sources as your references. Articles published in established newspapers or business journals/magazines are preferred. If you find articles on the Internet, make sure they are from a credible source.· Reference your sources of information with both a bibliography and in-text citations. See the .trident.edu/wp-content/uploads/2015/06/Well-Written-Paper.pdf”>Student Guide to Writing a High-Quality Academic Paper, including pages 13 and 14 on in-text citations. Another resource is the “Writing Style Guide,” which is found under “My Resources” in the TLC Portal.Module 1 – SLPCONTRACT LAWSuppose your 18-year-old brother is a bit confused about what to do after graduating from high school. He has come to stay with you for a while, and in his boredom has recently opened up a lemonade stand in front of your house as he was a very successful lemonade stand operator when he was a child. You are skeptical as this seems like something a child rather than a young adult should run, but he has actually been making some significant money with his small business.One of the reasons for his success is that he purchases very fresh lemons from his friend Peter down the street who has three lemon trees in his back yard. Your brother is good friends with Peter but sometimes they fight and you want to make sure your brother has a steady supply of lemons in case he gets in another fight with Peter.For this assignment, carefully review the background readings and the Pearson tutorial on the main elements of a contract. Then write a short one to two page contract specifying an agreement between your brother and Peter regarding the .homeworkminutes.com/question/view/82504/Trident-BUS205-full-course#”>purchase of lemons. Make sure to include the main elements of a simple contract specified in the background readings. In addition to the short contract, include a few paragraphs at the end explaining which background readings you consulted for your contract and how you used these readings to decide on what to include in your contract.SLP Assignment Expectations· Answer the assignment questions directly.· Stay focused on the precise assignment questions. Don’t go off on tangents or devote a lot of space to summarizing general background materials.· Make sure to use reliable and credible sources as your references. Articles published in established newspapers or business journals/magazines are preferred. If you find articles on the Internet, make sure they are from a credible source.· Reference your sources of information with both a bibliography and in-text citations. See the .trident.edu/wp-content/uploads/2015/06/Well-Written-Paper.pdf”>Student Guide to Writing a High-Quality Academic Paper, including pages 13 and 14 on in-text citations. Another resource is the “Writing Style Guide,” which is found under “My Resources” in the TLC Portal.

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