Business Law Essay

-The Issue: were all the elements of a contract present to make the contract enforceable?

15–1. Liquidated Damages. Carnack contracts to sell his house and lot to Willard for $100,000. The terms of the contract call for Willard to make a deposit of 10 percent of the purchase price as a down payment. The terms further stipulate that if the buyer breaches the contract, Carnack will retain the deposit as liquidated damages. Willard makes the deposit, but because her expected financing of the $90,000 balance falls through, she breaches the contract. Two weeks later, Carnack sells the house and lot to Balkova for $105,000. Willard demands her $10,000 back, but Carnack refuses, claiming that Willard’s breach and the contract terms entitle him to keep the deposit. Discuss who is correct. (See Damages.)

Mr. Potbelly and Mr. Slim Jim are two competent people who voluntarily entered into an agreement for the purchases of the pottery and the home. Mr. Potbelly presented Mr. Slim Jim with the original offers and Mr. Slim Jim counter counter-offered within reason of the asking price. The conversation had between Mr. Potbelly and the other individual should not be grounds for him

Dennis Hof had made a deal with them to get half of the money each, but now he is keeping that money from the girls. Hof thinks that the girls might know more than they are admitting and even explained.

38. Which of the following describes when an employer is held vicariously liable for the torts of the “servant” or employee if the employee was acting within the scope of his or her employment?

She offered two hundred for the land with a down payment of five dollars. The owner didn 't believe her at first but accepted her offer. To raise the money needed for the down payment she sold homemade pies and ice cream once again.

Foster case (897 S.W.2d 80, 86 (Mo. Ct. App. 1995)) saying that, "if the seller decides to resell in a reasonable time after the breach, the price obtained is some evidence of the market value." By referencing this case, the court is able to rule on the secondary issue brought up by the defendant. The district court, to insure consistency with the law, uses precious rulings to help guide their decision.

4. She went into the store and she didn’t find anything she wanted to buy.

With nervous fingers, she opens the envelope and one by one, pulls out five one hundred dollar bills. Her voice filled with surprise, she shouts, “What be this for?”

50. She uses that time to tidy up and decorate her janitor’s closet. Chapter: Closet Space. Pg.

38. Avalon doesn’t confide in Ms McKenzie’s because she believed it may worsen the situation and would have broken Marshall’s trust.

16. “…when I saw him, the burglar, rifling through my DVD collection and shoving selected titles into his backpack—he was a

One that she did not want to be in the first place, she only did it for her Nanny. Logan Killicks had 60 acres and a mule, to Nanny who was raised in the time of slavery this was a wonderful deal that would take care of Janie. However, when Logan leaves one afternoon and Janie is out working the fields when Joe

1. Give an example of a case that would fall under diversity jurisdiction. Explain all of the key elements of such a case.

477 Marta’s Grandpa is saying “If you have to pay for it, Marta, it’s not a