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BUSINESS AND CORPORATIONS LAW Individual Assignment
QUESTION 1 - Consider the following situations and indicate whether consideration is present and whether Jack has an enforceable agreement:
a) Jane is going overseas and she offers to give her Lotus Super 7 sports car to Jack. The market value for this type of vehicle in good condition is around $25 000. Jack accepts.
b) Jane offers to sell Jack her Lotus Super 7 sports car for $25 000. The market value for this type of vehicle in good condition is around $25 000. Jack accepts.
c) Jane offers to sell Jack her Lotus Super 7 sports car for $2500. The market value for this type of vehicle in good condition is around $25 000. Jack accepts.
QUESTION 2 - A shipbuilder had contracted to build a tanker for North Ocean Tankers. The contract was in US dollars and didn't contain any provisions for currency fluctuations. Approximately halfway through construction of the ship, the United States devalued its currency by 10 per cent. As the shipbuilder stood to make a loss on the contract, it demanded that an extra US$3 million be paid or it would stop work. The buyer reluctantly agreed under protest to pay, as he already had a charter for the tanker and it was essential that it be delivered on time. The buyer didn't commence action to recover the excess payment until some nine months after delivery. Will the buyer succeed in recovering the excess?
Facts: Davis apprenticed himself to Mason, a surgeon/apothecary in Thetford, England. They agreed that if Davis left the practice, he would not set up a competing establishment within 10 miles of Thetford within 14 years. Davis promised to pay 200 po..
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create the negotiation strategy for your company
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Use your text and the internet to research the case of In re Gault. In a narrative format of 500 or more words, outline the case. Give the facts, issue, and court holding.
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analyze the manner in which pharmacare used u.s. law to protect its own intellectual property and if john has any claim
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