LAW 421 Week 3 Complete Contemporary Business Law
WEEK 3 Discussion Question #1
Fran’s Flooring Companyand Sam’s Office-on-the-go agreethat Fran will install wood floors for Sam’s lobbyfor1,500.00.Sampurchasesthewood product forthe floors and Franinstall’s theflooring.15 days later, Samnoticesthat thereis a small areain theentrancewaywherethefloorslatshavepopped up becauseFran did not usetheproperglue. Samtells Fran that shewill pay$250.00 for Fran to comeback and fix thefloorslates. Fran fixes thefloorandthensends Saman invoiceforthe$1,750.00. Samonlypays$1,500.00 and refuses to paythebalance.
• Aretheessentialelementsnecessarytoformavalidcontractpresentinthis scenario?Identifyand describeeach essential element.
• Howmuchmoneydoes Samowe Fran?Explain youranswer.
• Willacourtallowthecontracttobemodifiedinthisscenario?Explainthe rules forcontract modification.
• Does promissoryestoppel applyto this scenario?Explain whyorwhynot.
WEEK 3 Discussion Question #2
• What isthedifferencebetween amaterialbreachofcontract and a nonmaterial breach ofcontract?
• What aresomeexamplesoflegal and equitableremedies availablefor breachofcontracts?
• What aresomelegalexcuses fornonperformanceorothergrounds for dischargeofcontracts?Provideexamplesand explain foreach.
WEEK 3 Discussion Question #1
Fran’s Flooring Companyand Sam’s Office-on-the-go agreethat Fran will install wood floors for Sam’s lobbyfor1,500.00.Sampurchasesthewood product forthe floors and Franinstall’s theflooring.15 days later, Samnoticesthat thereis a small areain theentrancewaywherethefloorslatshavepopped up becauseFran did not usetheproperglue. Samtells Fran that shewill pay$250.00 for Fran to comeback and fix thefloorslates. Fran fixes thefloorandthensends Saman invoiceforthe$1,750.00. Samonlypays$1,500.00 and refuses to paythebalance.
• Aretheessentialelementsnecessarytoformavalidcontractpresentinthis scenario?Identifyand describeeach essential element.
• Howmuchmoneydoes Samowe Fran?Explain youranswer.
• Willacourtallowthecontracttobemodifiedinthisscenario?Explainthe rules forcontract modification.
• Does promissoryestoppel applyto this scenario?Explain whyorwhynot.
WEEK 3 Discussion Question #2
• What isthedifferencebetween amaterialbreachofcontract and a nonmaterial breach ofcontract?
• What aresomeexamplesoflegal and equitableremedies availablefor breachofcontracts?
• What aresomelegalexcuses fornonperformanceorothergrounds for dischargeofcontracts?Provideexamplesand explain foreach.
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