BUS-206 5.2 Milestone Two Case Study Two | Southern New Hampshire University

Document Content and Description Below

5.2 Milestone Two: Case Study Two Sam Stevens lives in an apartment building where he has been working on his new invention, a machine that plays the sound of a barking dog to scare off potential in... truders. A national chain store that sells safety products wants to sell Sam’s product exclusively. Although Sam and the chain store never signed a contract, Sam verbally told a store manager several months ago that he would ship 1,000 units. Sam comes home from work one day and finds two letters in his mailbox. One is an eviction notice from his landlord, Quinn, telling him he has to be out of the apartment in 30 days because his barking device has been bothering the other tenants. It also states that Sam was not allowed to conduct a business from his apartment. Sam is angry because he specifically told Quinn that he was working on a new invention, and Quinn had wished him luck. The second letter is from the chain store, demanding that Sam deliver the promised 1,000 units immediately. A. In order to prove that a valid contract exist between Sam and the chain store various elements must be present. A contract is formally defined as a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty. [Kub] The four elements of a contract are the agreement, the consideration, contractual capacity, and a legal object. The first element of agreement would be deemed to exist if an offer by one party, called the offeror, to enter into a contract and an acceptance of the terms of the offer by the other part, called the offeree. The second element of consideration would be deemed to exist if what the bargained-for exchange or what e [Show More]

Last updated: 1 year ago

Preview 1 out of 5 pages