What impact does good faith have on termination of contract

Assignment Help Operation Management

Reference no: EM132186763

FACTS: Borden hired Donald De Musz to captain one of its clam boats. Over time, De Musz formed a business, in reliance upon Borden’s ongoing business, to buy boats and participate in the expensive Shuck-at-Sea program. Eventually, De Musz had borrowed a great deal, spent a great deal only to have Borden pull out of its side of the agreements. De Musz filed suit. DECISION BELOW: The jury found for De Musz. The Court of Appeals affirmed. ISSUE ON APPEAL: Was Borden required to compensate De Musz for its abrupt and early termination of the relationship? DECISION: Yes. The jury award of one year’s profit was fair. Great reliance by De Musz in the situation. Mandated good faith.

1. Were all the De Musz corporations completely dependent on Borden?

2. What impact does "good faith" have on termination of a contract?

3. What are the damages when there is a lack of good faith in the termination of a contract?

4. What provisions would you suggest be added to a contract such as this in which the relationship is one of contract, but also one of dependence?

Reference no: EM132186763

Questions Cloud

Find areas of triangles using heron formula : How to write a function in C to find areas of triangles using Heron's formula for the triangles areas of ?ABC, ?ACD, ?ADE, and ?AEF.

Create a strong deterrent to nurses leaving an organization : Development of an evidence-based practice project must include the direct and indirect impact that will be encountered through implementation.

What would be the problems with the other options : Which of the three options would you recommend to Air America and why? What would be the problems with the other options?

Cloud-based app reputation service : Select the best explanation of the given terms

What impact does good faith have on termination of contract : What impact does "good faith" have on termination of a contract? What are the damages when there is a lack of good faith in the termination of a contract?

Advantages and disadvantages of using wireless devices : What are the advantages and disadvantages of using wireless devices?

Two random variables : Provide an example that if the cov(X, Y) = 0, the two random variables, X and Y, are not necessarily independent.

Composed of the holding cost and ordering cost : Considering the total cost, composed of the holding cost and ordering cost and including the acquisition cost of the knives,

Logical expression with the same meaning : Translate the following English statements into a logical expression with the same meaning.

User Account

All Pages