Was this contract voidable or valid and enforceable

Assignment Help Operation Management

Reference no: EM132186822

A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children around the world on Christmas Eve). In fact, he is not Santa, but he has believed this for many years. He signs his name "Santa." He signs many contracts as "Santa," and he refers to his wife as "Mrs. Claus" even though her name is actually Betty Smith. She puts up with it, because he really does believe he is Santa, and because she loves him and because his wages from his job at Hasbro toys pays the bills.

One day he enters a contract with your company to hire you to build him a gigantic workshop in his backyard so he can build his toys and stable his "eight tiny reindeer." In return he will pay you $120,000 for the construction. When his wife learns of this deal, she tries to reject it because it is voidable due to his lack of contractual capacity.

Was this contract voidable, or valid and enforceable? Fully explain your answer.

Reference no: EM132186822

Questions Cloud

What you want to study at graduate school : What experience you have in your field? What you plan to do with your degree once you have it?

State the potential gap that you identified : Consider a potential gap in the literature that is emerging from your ongoing reading in your field of interest including no less than five specific research.

Qualify for clinical documentation improvement specialist : What other skills do you think he needs to qualify for a Clinical Documentation Improvement Specialist?

Calculate the cable sizes for circuits : ME5627 - Electrical Services Design Assignment - Brunel University - Calculate the cable sizes for circuits - Draw a single-line schematic diagram

Was this contract voidable or valid and enforceable : Was this contract voidable, or valid and enforceable?

Write a letter of complaint : Write a letter of complaint. Follow the rules for a formal letter, and use the full-block style.

Define significant differences and changes over ten years : After reviewing both, prepare a discussion post that compares and contrasts your analysis in up to 1000 words. Be sure to include the significant differences.

The technology partner for distribution purposes : hat would be a reasonable percentage to the technology partner for distribution purposes

Do you want something in writing : "I'd be glad to," you say. "I'll put something together this afternoon and get it to you before I leave today. Is that soon enough?"

User Account

All Pages