Questions from Business Law

Q: List three provisions in a contract that would be material, and

List three provisions in a contract that would be material, and three that would not be.

Q: List three types of contracts that should definitely be in writing,

List three types of contracts that should definitely be in writing, and one that probably does not need to be.

Q: The United Kingdom has not signed the CISG. Until recently,

The United Kingdom has not signed the CISG. Until recently, major world traders like Japan and Brazil had refused to sign. Imagine that you are a legislator from one of these countries. What might...

Q: What are the penalties if Artist breaches the movie contract? Are

What are the penalties if Artist breaches the movie contract? Are these reasonable? Too heavy? Too light?

Q: Blair Co.’s top officers approached an investment bank to find

Blair Co.’s top officers approached an investment bank to find a buyer for the company. The Bank sent an engagement letter to Blair with the following language: ‘If, within 24 months after the termina...

Q: What are the advantages and disadvantages of hiring a lawyer to draft

What are the advantages and disadvantages of hiring a lawyer to draft or review a contract?

Q: Nina owns a used car lot. She signs and sends

Nina owns a used car lot. She signs and sends a fax to Seth, a used car wholesaler who has a huge lot of cars in the same city. The fax says, “Confirming our agrmt—I pick any 15 cars fr yr lot—30% be...

Q: The Brugger Corp. owned a farm, operated by Jason Weimer

The Brugger Corp. owned a farm, operated by Jason Weimer, who acted as the company’s business agent. Tri-Circle, Inc. was a farm equipment company. On behalf of Brugger, Weimer offered to buy from Tri...

Q: Brewster manufactured plastic bottles. Dial made personal care products at many

Brewster manufactured plastic bottles. Dial made personal care products at many plants around the country, including one in Salem, Virginia. The companies agreed that Dial would purchase from Brewster...

Q: The Massachusetts Bay Transit Authority (MBTA) awarded the Perini Corp

The Massachusetts Bay Transit Authority (MBTA) awarded the Perini Corp. a large contract to rehabilitate a section of railroad tracks. The work involved undercutting the existing track, removing the b...