Essay on BUSI561 03 PetersenCaseStudy

I understand I will not be allowed to participate in baseball without completing this contract as well as having my parent or guardian complete this contract. Any violation of this contract may result in suspension or removal from the baseball program.

Revisions for the 7th edition by Eric D. Yordy, The W. A. Franke College of Business

"In California, the elements for a viable contract are 1) parties capable of contracting; 2) their consent; 3) a lawful object; and 4) sufficient cause or consideration." In regards to a minor 's capacity to contract, a minor is capable of contracting unless specifically prohibited. However, Section 6710 of the California Family Code states that "except as otherwise provided by statute, a contract of a minor may be disaffirmed by the minor before majority or within a reasonable time afterwards."

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Fall 2009 This case was prepared by Itir Karaesmen and Inbal Yahav of Robert H. Smith School of Business at University of Maryland, College Park. The names, locations, and other information included

The contract was to govern the business relationship, and the terms were expected to be adhered to by both parties. According to the contract, the supplier was supposed to supply me with the products during the time of agreement without failure unless under unavoidable circumstances. Any condition that prevented delivery of products on the dates scheduled, the supplier was expected to provide a reason for the delay and if possible give the estimated time of delivery. The prices of the products were expected to be fixed, and no additional charges or price adjustments were to be made without my consent and that is after negotiations between the two of us. Also, the products were supposed to be delivered in exact quantities, location, and on time.

In the Valencia case the minor entered into a contract crucial to the operation of his trucking company. At the

Arnold J. Goldman, a. W. (2011). Business Law: Principles and Practices, 8th Edition. Mason: South-Western Cengage Learning.

The set-forth agreement is between Marshall Peterson and Barfield Family Farms. Marshall Peterson retains the right to buy Muscadine grape and other antioxidant products by the Muscadine seeds from Barfield Family Farms at any quantity requested. Barfield Family Farm’s billing rates shall be the same as those outlined in the price schedule in the terms of this contract and shall not exceed $8 per gallon. Marshall Peterson and Barfield Family Farm shall perform in good faith in by following the proposed services found in the outlining pricing schedule. This agreement commences upon the signing of this

When Mrs. Doe reveled to be that she was no longer going to supply me with the product I was surprised and angered, we had an agreement. Once Mrs. Doe informed me that she had no knowledge of the contract I immediately faxed the contract to her and then began researching my next legal steps.

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The family business is seeking to sign a lucrative contract with a Texas based company and informed Peterson of their intention to no longer supply his business.

When looking at this case scenario there seems to be only one possible outcome for this scenario. Jeff was underage at the time of contract and under the law this contract was not valid.

Marshall received a signature on a contract from a seventeen year old minor in which he hopes to enforce. From a legal standpoint, minors have a limited ability to enter into contracts. The seventeen year old minor employee can void the contract he signed at any time. Minors have the option to do this because of laws made to protect them

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