Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable.

Elements of a Contract Description Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears: “The below-signed agrees not to work as a chef for […]

Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.

ACME Fireworks Description You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has […]

Flossy promises to pay her cousin Garth, who is 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 is no valid consideration for it. Garth files a suit against Flossy. In whose favor is the court likely to rule and why?Explain

1.Sales Contracts between Merchants and the Uniform Commercial Code a)For the purpose of UCC article 2, what is a sale? b)For the purpose of UCC article 2, who is a merchant? c)How do article 2A provisions of the UCC differ from article 2 provisions? d)How does the UCC change the effect of the common law […]

Assume that Mary defaulted on her obligation to ABC but made one late payment to the bank in December. Would this payment have any effect on the priority of the secured creditors? Why or why not?Explain

INSTRUCTIONS: This is a group assignment. We will select team members and you may commence working the Group Project. You are required to read the case below and answer the questions that follow. In answering the question, refer and cite UCC article 9. UCC Article 9 should be your primary source and you may consider […]

Analyze whether the owner formed a contract with the businesses, and apply the five essential elements of an enforceable contract.

You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed the […]

Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.

Description You are the manager of Acme Fireworks, a fireworks retailer who sells fireworks, puts on ground display fireworks, and large aerial display fireworks. The company started in the owner’s garage two years ago and now has 15 employees that you manage. The company started as a sole proprietorship, and the owner has never changed […]

© 2020 EssayQuoll.com. All Rights Reserved. | Disclaimer: For assistance purposes only. These custom papers should be used with proper reference.