Summary of the relevant facts

Assignment Help Business Management
Reference no: EM131269326

Provide the following in separate paragraphs:

1. A summary of the relevant facts;

2. Identify the legal issues involved;

3. Your analysis of the case by applying the relevant principles of law to the given facts;

4. Your ultimate conclusion.

Preexisting Duty. Ben hired Lewis to drive his racing car in a race. Tuan, a friend of Lewis, promised to pay Lewis $3,000 if he won the race. Lewis won the race, but Tuan refused to pay the $3,000. Tuan contended that no legally binding contract had been formed because he had received no consideration from Lewis for his promise to pay. Lewis sued Tuan for breach of contract, arguing that winning the race was the consideration given in exchange for Tuan's promise to pay. What rule of law discussed in this chapter supports Tuan's claim? Explain.

Past Consideration. Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple who provide him with food and shelter. After the snowplows have cleared the road, Daniel proceeds home. Daniel's father, Fred, is most appreciative of the elderly couple's action and in a letter promises to pay them $500. The couple, in need of funds, accept Fred's offer. Then, because of a dispute with Daniel, Fred refuses to pay the couple the $500. Discuss whether the couple can hold Fred liable in contract for the services rendered to Daniel.

Reference no: EM131269326

Questions Cloud

What is the energy expended by the battery in joules : A portable television using a 12-V, 3-Ah rechargeable battery can operate for a period of about 5.5 h. What is the average current drawn during this period? What is the energy expended by the battery in joules?
Analyze the proficiency levels of the students : Analyze the proficiency levels of the students in Ms. Jensen's class to place them into appropriate groups. In a 250-word essay describe how you would group these students for in-class English language arts activities
Determine the energy expended and the charge : Between two points in an electric circuit, a voltmeter reads 12.5 V for a period of 20 s. If the current measured by an ammeter is 10 mA, determine the energy expended and the charge that flowed between the two points.
Describe how business decision support systems have evolved : Write a 2 page essay describing how business decision support systems have evolved over the past several decades as computer and data capabilities have grown.
Summary of the relevant facts : 1. A summary of the relevant facts; 2. Identify the legal issues involved; 3. Your analysis of the case by applying the relevant principles of law to the given facts; 4. Your ultimate conclusion.
Analyze theories of organizational behavior : To successfully complete this project, you will be expected to: Analyze theories of organizational behavior as applied to the field. Evaluate methods of managing and enhancing culture in the workplace based on contemporary theory
What is average number of units on hand for a 3 month period : Write an inventory function (assume that it is continuous) for the first 3 months.- What is the average number of units on hand for a 3- month period?
Working with a multicultural and diverse workforce : You are a manager working with a multicultural and diverse workforce. Given the existence of the wide variance, how would you or an executive manage national cultures, political systems, economic systems, social systems, languages and corporate cu..
Explain how organization compete within competitive industry : For your case assignment this session the organization you will be reviewing is Dish. You will be considering how this organization competes within a very competitive industry.

Reviews

Write a Review

Business Management Questions & Answers

  How will you be able to tell if your business is successful

How will you be able to tell if your business is successful? What accounting knowledge do you think you will need to have? What do you think will be your biggest accounting challenges? Why?

  Explain what is meant by organizational structure

Organizational Structure and its Components - Explain What is meant by organizational structure

  Draw an rolc tree for the cab company

Draw an ROlC tree for the cab company. - Analyze the labor efficiency and the efficiency of using the fleet of cabs using productivity ratios.

  Analysis of taxation of exempt organization

Analysis of taxation of exempt organization.

  Retail beverage-operation design

Complete an essay by choosing one of the types of beverage establishments listed in your textbook, describing how to set it up and manage it in order to make the most revenue. Your essay should consist of no less than two pages.

  Determine a typical seasonal index

Victor Anderson, the owner of Anderson Belts, Corporation, is studying absenteeism among his workers. His workforce is small, consisting of only five workers.

  Cognitive dissonance

Based on an organization you are familiar with, explain motivational problems in light of Leon Festinger's theory of cognitive dissonance. Critique the organization's effectiveness in dealing with these problems in terms of Festinger's theory.

  Discuss the sample design for the proposal describe the samp

Discuss the sample design for the proposal, Describe the sampling procedures (convenience , quota simple random) that will yield the best results for youre research objective and justify youre rationale for choosing the procedure(s).Include the follo..

  Impact of organization socialization on job

impact of organization socialization on job satisfactionexplain the impact that organizational socialization has on job

  Another type of presentation tool

Create a power point presentation with voice or another type of presentation tool (with voice) that will be used as a training tool to provide the managers of our company with an overview of Diversity Issues  (not specific issues - all diversity i..

  Calculate the amount of dividends dean

Using the information below for Dean Corporation, calculate the amount of dividends Dean most likely paid to common stockholders in 2008, 2009, and 2010: Retained earnings balances Year Net income January 1, 2008 $ 700 December 31. 2008 $890 2008 $25..

  Marketing a new line of televisions in the united states

Select the communication channel that is best for marketing a new line of televisions in the United states (domestic market) and international market (Australia).

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