StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Foodmart, Inc. - Research Paper Example

Cite this document
Summary
and claiming that a right to delegate the duties is the same a right to subcontract cannot exclude it from liability. The contract specifically required Masterpiece to deliver work of certain quality which as professionals…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Foodmart, Inc. Paper
Read Text Preview

Extract of sample "Foodmart, Inc."

Foodmart Inc. of Foodmart Inc. Scenario Masterpiece breached its contract with Foodmart Inc. and claiming that a right to delegate the duties is the same a right to subcontract cannot exclude it from liability. The contract specifically required Masterpiece to deliver work of certain quality which as professionals they were supposed to do. Commercial impracticability cannot also stand as a defense for Masterpiece Construction as there was nothing that was beyond their control that happened. On the other hand Foodmart can sue Masterpiece Construction for breach of contract and seek court orders for specific performance or damages for breach of contract.

Scenario 2Contractual capacity is an important element of a contract. Thus an insane, bankrupt or a person not of legal age cannot make a valid contract. In this case if Jeremy was not of legal age yet, then the contract was invalid and a Smooth Sales Used car has no legal claim for breach of contract. The only remedy for the car seller lies in equity which comes in to cure the hostility of the common law of contract. An equitable remedy would require Jeremy to give back the car and also forfeit the sums paid as he had already used the car.

There is no legal remedy for the breach of contract as the lack of capacity makes the contract void. If Jeremy never returned the car out of his own volition then it would be hard for the car seller to claim breach of contract. Scenario 3The most important elements of a contract are offer and acceptance. In this scenario the question is whether a contract can be implied on the basis of the promise that Brian made to harry. The common law doctrine of promissory estoppel operates to imply existence of a contract in this scenario.

Promissory estoppel comes to existence where a person by his word makes a representation which is relied on by the other part to his or her detriment. In such a case the maker of the stamen is precluded from denying what he represented. In this case Brian represented to harry that he would sell the trains to him. Harry acted on this representation to his detriment as he borrowed money from his aunt to build a room for the trains. Thus in this case the doctrine of promissory estoppel operates to preclude Brian from denying the existence of a contract to sell the trains to Harry.

The most important element of promissory estoppel is that the other person has to rely on the representation and suffer harm because he acted on the representation. These two requirements have been fulfilled in this case.Scenario 4The question here is whether there was a contract between Todd and Foodmart and as such if Todd could sue Foodmart for a breach of contract. In the contemporary world it is now possible to make and conclude transaction by e-commerce via an electronic device. Thus by just a click of a button one is able to make orders and the transaction is done.

It is however hard to determine with e-commerce when the contract comes into being. Of course there has to be an offer and acceptance. In this case it can be argued that Foodmart made the offer by placing the same on the internet and by making the order Todd had accepted and from that point a contract existed between the two in which case Todd could sue Foodmart for breach of contract. However this may not be the case as making the order by Todd could be what amount to offer which is open to acceptance and rejection by Foodmart.

The problems arising from e-commerce have to been resolved by common law doctrines and there is no position yet.ReferencesGraham, D., & Peirce, E. R. (2009). Contract Modification: An Economic Analysis of the Hold-Up Game. Law and Contemporary Problems, 9-32. Harpwood, V. (2009).Modern Law of Contracts. Taylor and Francis.Hugh, C. (2003). Law of Contract. Cambridge Publishers.Lunney, M., &Oliphan, K. (2005).Contract Law.oxford publishers.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Foodmart, Inc. Paper Research Example | Topics and Well Written Essays - 500 words”, n.d.)
Foodmart, Inc. Paper Research Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/law/1592501-foodmart-inc-paper
(Foodmart, Inc. Paper Research Example | Topics and Well Written Essays - 500 Words)
Foodmart, Inc. Paper Research Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/law/1592501-foodmart-inc-paper.
“Foodmart, Inc. Paper Research Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/law/1592501-foodmart-inc-paper.
  • Cited: 0 times

CHECK THESE SAMPLES OF Foodmart, Inc. Paper

Merger and Acquisitions Research Paper

Merger and Acquisitions The purpose of the paper is to understand what the governing criteria are to decide about the merger and acquisition aspects for organizations.... Xilinx inc.... Xilinx inc.... Xilinx inc.... om) Microchip Technology inc....
3 Pages (750 words) Research Paper

Motorola Inc. Research Paper

Motorolla inc.... Name University Motorola inc Motorola inc.... However, recently the tables have turned and Motorola inc.... Since this has become a trend over the three year period studied, it has become a cause of concern for Motorola inc.... Of significance to the situation is considering the external opportunities and threats that Motorola inc.... Furthermore, Motorola inc....
4 Pages (1000 words) Research Paper

Research Paper on Apple Inc

Name: Instructor: Course: Date: Apple inc Apple inc.... Though it happens that a worker in the factory could be paid to release information pertaining to the unfinished product, Apple inc.... Corporate Responsibility of Apple inc.... The death of one of the founders of Apple inc,...
4 Pages (1000 words) Research Paper

Introduction to the Phenomenon of Marketing

Marketing paper Introduction There are many definitions of marketing that are in vogue.... Apple inc.... Kotler (2001) offers one of the shortest definitions of marketing and that is "meeting needs profitably.... ?? American Marketing Association (2007) defines it as “Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large....
3 Pages (750 words) Research Paper

Wall Street Journal Paper

Wall Street Journal paper Table of Contents Table of Contents 2 Introduction 3 Thesis Statement 3 Discussion 3 Conclusion 5 Works Cited 6 Introduction Insider trading is regarded as the illicit execution of accessing price sensitive and non-public information relating to buying as well as selling securities along with other monetary instruments.... Thesis Statement This paper would intend to analyze the cases that are based on insider trading.... Furthermore, the ethical and legal concerns of the analyzed cases will also be discussed in the paper....
4 Pages (1000 words) Research Paper

Best Buy Company Marketing

Title Page Research paper Market Report on Best Buy Company Your name Best buy TABLE OF CONTENTS Abstract 1 I.... Conclusion/Recommendation 9 Annex 1 Financial Statement 11 Annex 2 Competitive Analysis table 13 Bibliography 14 Abstract This paper discusses Best Buy Company.... The company was incorporated in 1966 with the name Sound of Music inc....
7 Pages (1750 words) Research Paper

Researching paper

This paper gives an… It does this by focusing on their metaphorical and formal aspects and relating them to the humanistic and classical contexts in which they were made. David is a sculpture which was produced It presents an image of the young David before, during and after fighting and emerging victorious over the Philistine giant called Goliath....
4 Pages (1000 words) Research Paper

The Financial Performance: Tesla Motors Company

The paper below discusses the financial performance of company, its value on the market using both intrinsic and market values, the ROIC, WACC and other aspects that relate to the growth and development of the company.... on the market since its foundation.... The company's headquarters are at Palo Alto California....
7 Pages (1750 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us