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  • Excess The Contract With Ward
    489 words
    Abstract Esquire Radio & Electronics, the plaintiff, has filed a law suit against Montgomery Ward, seeking damages for a breach of contract. Esquire alleged that Montgomery Ward supplied them with spare parts with a promise that they would buy back any excess The contract with ward was not a traditional contract, rather it was a promise to buy back the excess inventory. On many occasions Ward has forced Esquire to increase their inventory against their better judgement, Ward assured them that th...
  • Section 2 703 On Seller's Remedies
    5,057 words
    Contracts Syllabus Outline for Lon L Fuller and Melvin Aron Eisenberg (American Casebook Series) 5th edition. R 1: K defined A K is a promise or a set of promises for the breach of which the law gives a remedy R 17: Requirement of a Bargain Except as otherwise provided, the formation of a K requires a bargain in which there isa consideration R 71: Requirement of Exchange To constitute consideration, a performance of a return promise must be bargained for Dougherty Pillars Note on Gifts Note on G...
  • Result Of The Breach Of Contract
    1,040 words
    A contract is an agreement between two parties. Contract law is the main area which building contracts are administered. The legal aspect of a building contract is contained in written conditions either of a general or special nature. The two parties agree to work within the conditions set down and are obliged to adhere to them or suffer penalties which are either stated within the contract or which are implied by the nature of the contract. Contracts of this nature are legally binding on both p...
  • Jim's Offer
    476 words
    Business Law BA 434 SE Midterm Exam 2001 Spring Term Question One: Jim's promise is not enforceable under the contract law. A contract consists of 3 elements: 1) offer, 2) acceptance, and 3) consideration. The offer must be definite. It must have 1) subject, 2) price, 3) offered, 4) quantity, and 5) time for performance and it must be communicated to the offered. Applying the elements of a contract to the facts before us, the contract began when Jim offered Pam a place to live. He basically stat...
  • Contract Between Sue And Hit Firm Plc
    870 words
    Q. Sue Smasher was a promising young tennis player. In July 1991, when she was 16, she entered into the separate agreements, both of which were to run until July 1993. No. 1, with Lew Lobb, a noted tennis coach whereby he undertook to organize her training and decide which tournaments she should play in. In return, Sue agreed to act on Lew's advice and pay him 20% of her winnings from tournaments. No. 2, with Drive Power Ltd, whereby Sue promised to use their sports equipment in return for Drive...
  • Term Ment Termination Of The Contract
    1,619 words
    LAW OF CARRIAGE OF GOODS BY SEA ASSIGNMENT ONE... the shipowners undertaking to tender a seaworthy ship, has as a result of numerous decisions as to what can amount to unseaworthiness, become one of the most complex of contractual undertakings. It embraces obligations with respect to every part of the hull and machinery, stores and equipment and the crew itself. It can be broken by the presence of trivial defects easily and rapidly remedial, as well as by defects which must inevitably result in ...

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