DIRECTIONS: READ FIRST!!!

DIRECTIONS: READ FIRST!!!

You need to answer all 3 of the blogs below.

7 year old accountant

Tina, age seven, was playing accountant at her father's desk in his absence. When she found a stack of interesting papers, she "corrected" all of them, adding zeros to numbers ("500" thus became "5000") and drawing lines through words. The "interesting papers" were promissory notes, owned by her father, representing claims against debtors totaling about $17,000.

Have these contractual claims been discharged by Tina's changes?

Kitchen Remodel

In January, Doolan Construction Company promised to remodel Kemper's kitchen during July when Kemper would be visiting relatives in Canada. Their written contract, called for work to start on July 1, and to be completed before August 2. In April  Doolan phoned and said he could not start the job before July 2, if then.

What can Kemper do?

Uniforms

Your school orders 50 new uniforms for its marching band. The contract states that "time is of the essence," and if the goods are not received in time for the first performance by the band on September 1, the old uniforms will be used for another year. The manufacturer does not deliver the uniforms until September 3.

Can the school cancel the contract?
Would it be ethical for the supplier to delay the delivery until October 10 because of a rush order from another school that provided a higher profit?

ANSWER BOTH QUESTIONS!

DIRECTIONS: READ FIRST!!!

DIRECTIONS: READ FIRST!!!

You must complete 4 of the following blogs.

CDs

Suzy entered into an oral contract with Hugh for the purchase of 16 used CDs by country and western singers. Suzy handed over the $300 price and Hugh gave her the 16 CDs.

Is this transaction within the statute of frauds?

Helicopter

Silvio Development Company bought an insurance policy to cover the risk of damage to its corporate helicopter. For coverage, the standard printed insurance policy required that every pilot of the plane be licensed by the Federal Aviation Agency (FAA) and have a minimum of 500 logged (recorded by the pilot) flying hours. A typewritten addition specified that every pilot had to have a minimum of 200 logged helicopter flying hours. When the plane crashed, the pilot had logged only 75 helicopter flying hours. However, she was FAA licensed and had logged more than 2,000 flying hours in conventional planes.

Must the insurance company pay? Explain. (minimum of 3 sentences)

University Hospital

Kelley was admitted to University Hospital as an emergency heart transplant patient. The next day, the hospital's business manager discussed the cost of the surgery with Kelley's two sons. Both sons told the manager, "Do whatever is necessary to save his life, and we will pay you."

When the hospital presented the staggering bill to the junior Kelleys, they said the contract was oral and, therefore, they were not liable.

 Is it true? Explain.What type of contract/promise was formed?

640 acre lot

Central-Cal Lands Corp. orally agreed to sell 640-acre ranch to Ceres Inc. for $3,280,000. Ceres paid $125,000 and immediately took possession.

Can Central-Cal legally withdraw from the agreement? Explain.

Granite Inc

During the final week of Al's junior year at East High, an officer from Granite Inc. offered him a job. "After you get the diploma," the officer said, "show up ready for work." "I'll be there," Al replied.

Was the contract enforceable in court? Explain. (minimum of 3 sentences)

DIRECTIONS: READ FIRST!!!

DIRECTIONS: READ FIRST!!!

Today you must answer 3 of the following blog posts. Must have a minimum of 5 sentences each.

Collision

Moser had no automobile liability insurance, although state law required it. She negligently collided with Chang's car. Chang threatened to call the police if Moser failed to pay $1,000 for pain and suffering and $2,000 for car repairs. Moser gave Chang a check for $3,000. Then she stopped payment on it.

If Chang sues, will she recover? Explain.

Emergency Surgery

The Franklins, Ali and Lomalinda, had no medical insurance and urgently needed money for emergency surgery for their infant child. They could not qualify for a bank loan and they didn't belong to a credit union. An acquaintance referred them to someone's name Slye, who'll lend you money on sight. No collateral. No credit report. Just show him you've got a steady job. The Franklins borrowed $2500 from Slye and agreed to pay $325 on the first of each month in 12 easy installments. Later a lawyer told them that the loan contract was illegal.

Was it? Explain.
How much money must the Franklins repay?

Encyclopedias

A door-to-door salesperson appeared at Jamaya's front door selling encyclopedias. The set cost more than $600 for the hardbound deluxe edition. She signed the contract and paid $200 with the balance due when the books were delivered in 30 days. When the books arrived, she refused to pay. Jamaya claimed the contract was illegal because the salesperson didn't have a business license to operate in her city.

If the allegation can be proven, can Jamaya recover the $200 she paid? Explain.

New Boss

A new boss was scheduled to take over Patty's department in three weeks, Patty agreed to pay Nancy $600 to remove unflattering information from her personnel file so she would look good to the new boss. The day before Nancy was going to do it Patty called and told her not to. She also asked for her money back. Nancy never took the information.

Could Patty sue and recover her money? Explain.