Did macdonald make a valid offer that meram accepted

Assignment Help Business Law and Ethics
Reference no: EM133362278

1. Armstrong and Pottle worked as ceramic grinders at Morton International's Spencer facility. When the Rohm & Haas Co. (R&H) acquired Morton, it gave employees a month to decide whether to quit and re- ceive a severance payment or transfer to another facil- ity and receive a larger incentive payment. Armstrong and Pottle wanted to keep their jobs, but the plant manager told them that they would make more money if they would resign and start their own business han- dling R&H's outsourced grinding work. He stated that R&H would give Armstrong and Pottle's new business all the outsourced work they could handle and that the company would like to give them all its outsourced work. Armstrong and Pottle followed this advice, and their business failed. In addition, R&H continued giv- ing outsourced work to another firm. Armstrong and Pottle asserted the formation of an oral contract and claimed that R&H breached it. Were they correct?

2. Frank Meram attended a presentation by Robert MacDonald, who was promoting his new book, Cheat to Win. MacDonald was a multimillionaire who had started as an insurance agent and built his company, LifeUSA, to a worth of more than a billion dollars at the time of the presentation. Meram attended along with approximately 100 other people. At the beginning of the presentation, MacDonald announced that one of the attendees would leave that day with $1 million. All that was required was to place a business card in the basket that he passed around and to stay until the end of the presentation. MacDonald pulled Meram's business card from the basket. He con- gratulated Meram and then explained "how this works." MacDonald said Meram would receive one dollar per year for a million years. He gave Meram $100 in cash for the first 100 years. According to MacDonald, all Meram had to do was attend a presentation once a year to claim the rest of the million dollars. MacDonald laughed and thanked everyone for coming. Meram, on the other hand, filed suit against MacDonald and his company's parent, Allianz Sales, seeking the remainder of the promised $1 million. Did MacDonald make a valid offer that Meram accepted by placing his business card in the basket and staying until the end of the presentation?

3. Rodziewicz was driving a 1999 Volvo conventional tractor-trailer on I-90 in Lake County, Indiana, when he struck a concrete barrier. His truck was stuck on top of the barrier, and the state police contacted Waffco Heavy Duty Towing to help in the recovery. Before Waffco began working, Rodziewicz asked how much it would cost to tow the truck. He was told that the fee would be $275, and there was no discussion of labor or other costs. Rodziewicz instructed Waffco to take his truck to a Volvo dealership. After a few minutes of work, Waffco pulled Rodziewicz's truck off the barrier and towed the truck to its towing yard a few miles away.Subsequently, Waffco notified Rodziewicz that, in addi- tion to the $275 towing fee, he would have to pay $4,070 in labor costs. Waffco calculated its labor charges as $.11 cents per pound. Waffco would not release the truck until payment was made, so Rodziewicz paid the total amount. Was Rodziewicz contractually obligated to pay Waffco the $4,070 labor fee?

Reference no: EM133362278

Questions Cloud

Spirit of inquiry to students time as nursing student : Some ways, How would a student apply a Spirit of Inquiry to a students time as a nursing student?
What are the potential opportunities and challenges : what are the potential opportunities and challenges for Pedego Electric Bikes operating globally during the pandemic?
Negative impact on psychiatric patients : negative impact on psychiatric patients after review of their records? Do you think HIPAA's rules regarding access/review/requests for amendments of records
What complications can arise from turning intubated patient : What complications can arise from turning an intubated patient every 2 hours, and what should the nurse monitor?
Did macdonald make a valid offer that meram accepted : Did MacDonald make a valid offer that Meram accepted by placing his business card in the basket and staying until the end of the presentation
Complain of headache after falling off swing : A 6 years old client named Milky comes to the clinic accompanied by her mom with a complain of headache after falling off a swing at the park
Explain what tort claims may be brought forward : Explain what tort claims may be brought forward by the parties in this scenario, the arguments that can be used in defence and the possible liability which
What intervention have you learned about : What intervention have you learned about while being in the OIS program that makes you uncertain if you would ever apply it in practice? Explain
Was a contract successfully formed between john and fizzy : resulting in John launching an action for breach of contract and a promissory estoppel claim for the parking spot. Was a contract successfully formed

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd