Contract memorandum Essay example

For the Texoil negotiation, I was in the role of the Service Station Owner. As such, my main objective was to sell the station and get the best possible agreement. My BATNA was $400,000, which represented an offer from British Petroleum and my resistance point was $413,000 after tax, which represented the cost of my trip. My target was $488,000, which included an additional $75,000 to help tie me over until I found a job upon my return. This resistance point represents a purely financial alternative. However, there were several other criteria or interests other than strictly financial which could have been satisfied through non-financial means. My underlying interest or reason for selling the station was

Specific performance. UCC allows buyers to acquire a court order to require the breaching party to complete contract as per negotiated and agreed (Melvin, 2011, p. 198).

2. Due to the circumstances of the contract (that it be for sale of land) specific performance will be awarded.

An administrative law judge dismissed the complaint on technical grounds in 1998, without specifically addressing the allegations about weak soils." (4) Would a judge be so quick to move the case along if it were a more affluent

If Barney had raised objection to the course of treatment a special proceeding would be necessary. A special proceeding is further review by the court to make sure all the legal steps have been taken and the decisions were based on facts.

Pat was very frustrated because she wanted to purchase a home but lacked the funds or credit to do so even though Pat was expecting shortly to receive a one-half million dollar final installment payment for some land she sold several years earlier. Dan knew that Pat was very interested in purchasing a home and approached Pat with a proposal to assist Pat in buying a home. Dan told Pat that he would help Pat with the financing. After finding the home she wanted to buy for $250,000, Dan and Pat orally agreed that Dan would purchase the home and "when you come up with the money, I (Dan) will sell it to you (Pat) for $250,000 plus a fair commission to be determined."

Judicial discretion requires the judge to choose between ‘several different, but equally valid, courses of action’. Discretion is ‘the space … between legal rules in which legal actors may exercise choice’. Addressing autonomy and personal opinion, however, it must be acknowledged that judicial decisions should be made with reference to legal standards rather than undirected considerations of fairness. These legal standards include guidelines, principles, comparison to a list of relevant factors, as well as the doctrine of

Jennifer, William’s wife, has a friend Thomas who is a promoter for a corporation dealing with e-learning services that is in the process of incorporating and needs a real estate agent to purchase assets for which Jennifer has agreed to do.

The judge needs to remove him self from the case, so he should not be punished under the code of Judicial Conduct. Like in Virginia Code the judge may be questioned.

Possibly one of the best actions on the buyers’ part was their decision to hire a real estate agent to assist them in their home purchase. Agents generally have more experience and know all the right forms and such needed to complete a purchase, which was especially important for these first time home buyers. The only interactions between the buyers and seller were through their respective agents. Because each party had an agent, the legality of Marsha and the sellers’ agent’s contract is stressed. Assuming that the seller granted her agent permission to accept offers on her behalf, the agent violated

Answer- Jill can ask the court to order the parties to mediation if Jack refuses to go under

Can Tim sue his father Jack on the basis that the parties intended to contract, and that sufficient consideration was applied?

Grange claimed the “contributory negligence” to eliminate their liability by saying the Councils did not reasonably implement the contractual and tortious duty to exercise reasonable skill and care. However, that argument was rejected by the court. In relation to this, Rare J found:

At the time of the earlier negotiations, SF also had set a purchase requirement, which was that EF’s sales must increase by 20% over the next two months and if this requirement was met, SF would be prepared to

injustice, since it was accorded that the contract would work in a certain way, and it could not be