Contract Pricing: A Case Study

Enforceable contract Peter v. Don. Peter will have an enforceable contract with Don if he can show that all the required elements of a contract are present. If there is a contract between the two then it will be governed by the common law requirements of an enforceable contract instead of the Uniformed Commercial Code, which would be used if their agreement had involved the sale of goods. In order for a contract to be formed between Peter and Don the two must react mutual consent Mutual consent can generally be formed through the form of an (A) offer and (B) acceptance. An additional requirement for both parties to show (C) consideration is also

A contract is defined as, “a legally enforceable exchange of promises or an exchange of a promise for an act that assures that parties to the agreement that their promises will be enforceable (Kubasek 2015).” Contracts are essential for businesses to conduct business with one another. Before delving too far into the Muscadine grape case, it is also important to note that a sale is the, “passing of title to goods from buyer to seller for a price (Kubasek 2015)” and that a good is considered, “tangible personal property (Kubasek 2015).” Muscadine grapes and their by-products are the goods in question. When considering any legal case it is important to first consider the facts and the issues that are being considered.

Wally, business owner of Windy City Watches is located in downtown Chicago, IL. Business is booming and Wally needs to buy a large quantity of Rolek watches which sell for $50 apiece. He calls Randy Rolek, the wholesaler located in Milwaukee WI. They discuss terms on the phone for a while before coming to an agreement in which Wally offers to buy 100 watches for $25 each. Randy sends over an order form in which Wally states that he is agreeing to purchase watches from Randy for $25 each, but does not include the quantity in which he will buy. Randy sends 50 watches the following week with a note included stating that he has sent 50 watches and will send the other remaining 50 watches within a few days but includes the bill for the full

Negotiations are something that everyone experiences and does at some level. Even if informal, people negotiate and barter using what they have to offer to get what they want all of the time. However, there are times in life where the negotiations are much more serious and the stakes a lot higher. Whether official or unofficial, there are negotiation tactics and conditions that should be watched out for because they are a sign of potential problems.

Explain what are royalty rate contracts and fixed-fee contracts. What is the main difference between them?

Conversely, fluctuating fee schedules also attribute to external influences that drive change. The topic of fee schedules are a substantial category of any healthcare reform bounced around the headlines at this time. Essentially, fee schedules are subject to what each state determines as sufficient for each diagnosis and associated treatment. “The fee schedule for many states hovers around 50 percent above the Medicare reimbursement rate. That state’s reimbursement rate under its fee schedule is just over 130 percent of the Medicare rate. That anomaly sends a message regarding both the competitiveness of the Medicare rate in Illinois and the related ease of obtaining medical services at that reimbursement level”. (Stahl, 2013). Fee schedule

Contract A-37615 is federally funded that furnishes and install ILC Dover Flex Gates (Stairwell protection devices) at (23) Subway Station entrance locations which are in the category 2&3 flood zones. Contractor for Contract A-37615 is only required to install the NYCT provided K-Rails at 23 station entrance locations but not to furnish. The K-Rails are being supplied through NYCT K-Rail vendor, McElroy for these 23 locations. As a standard NYCT practice the supply of K-Rail only is funded through State under a different Contract between NYCT and McElroy and was not budgeted under this Contract A-37615. The lead time for fabricating the K-Rails requires Four (4) to Six (6) weeks. McElroy is the only fabricator at this time and has a back-log

?As a general rule, parents are not liable for the contracts entered into by their minor children? (Kubasek et al., 2016, p. 226). Cercel and Scurtu advised civil law regulates that there is "limited legal capacity of minors between 14 and 18 years of age" given the assumed insufficient psychological magnitude to exercise legal rights (Cercel, S., & Scurtu, S., 2015). Despite the fact that my son was turning 18 soon and irrespective of Marshall?s awareness to my son?s age, my son was only 17 and was not authorized to act on my behalf.

We can find this case from 10 Haw. App.15, 859 P.2d 935, two parties in the lawsuit are Island Directory Company, INC., a Hawaii corporation, Plaintiff- Appellee Iva's kinimaka Enterprise, INC., a Hawaii corporation, Iva Kinimaka dba Iva's KompleteKatering, Defendants- Appellants.

It is good to acknowledge that ethical behavior begins with me independently. I cannot anticipate that society will become improved unless I as an individual commit to becoming a more moral and ethical person. In the textbook Understanding Business (2002), the authors wrote “[e]thics is caught more than it is taught. That is, people learn their standards and values from observing what others do, not from hearing what they say. This is as true in business as it is at home” (Nickels, Mchugh, & Mchugh, p. 99). My son was ignorant to the severity of the document he signed and most likely did so because he thought he was doing something in the best interest of the

We informed Target’s adjuster of our intentions to compromise this matter in lieu of incurring defense costs to defend this questionable claim.

I just received word from the first prospect (the lady that made $135K offer) stating that her plans have changed on her end with a new project. She says she doesn't necessarily need the office space for five more months. She said she will not bid any higher. She also mentioned that it probably worked out better for everyone that there is a higher bid.

Contracts, business, and laws are three simple little words, but when put together they have a substantial impact on our everyday lives. Below we will discuss three case studies. The first case is between Chris, Matt, and Ian vs. Donald Margolin, who was injured when he used an aftershave lotion that he bought off the internet called Funny Face. The second case is between Sam, his landlord, and a national chain store. Sam is being accused of conducting business from his apartment and going back on a verbal promise. In the last case is two lifelong friends who decided to join in a partnership and open up a sporting goods shop. Therefore, before the appropriate court can proceed with the first case, the court should take into several considerations around the rules of jurisdiction, alternative dispute resolution (ADR), and whether or not corporation/or corporate offices can be held for the criminal or potential act. In the second case before the court can rule the court should determine the various elements of a valid contract, if a quasi-contract exists, a promissory estoppel, and the rights an obligation of a tenant would prevail on Sam 's claims. Finally, in the third case between Jeb and Josh, they should determine the type of business entity that will overall protect their business and personal needs.

Contractual agreements are supposed to be consensual, and freely entered into by the parties involved. Therefore, ‘before a court enforces a relationship as a contract, the courts must have a reasonably certain basis in fact to justify binding the parties to each other.’ (St. John’s Law Scholarship Repository, no date). Resolution of whether a contract was intended to be legally binding is not determined by what the parties themselves thought or intended. Rather, a more objective stance is taken by the courts. This is known as the objective theory of contract, and essentially enables ‘the courts to look at external evidence (what the parties said and did at the time)’ (Poole, 2006, p. 34), as to objectively indicate the parties’ intentions

The purpose of this analysis is to evaluate if Cambridge Software Corporation should offer only one version of it Modeler software application, and if so, which version at which specific price. A second objective of this analysis is to define how many potentially different versions of the Model that CSC should offer, and at which prices. This analysis is heavily based on the concepts of pricing elasticity and the various approaches for measuring the value of software in both enterprises and educational institutions (Cusumano, 2007).