Premium Essay

Contract Paper

In:

Submitted By bmiesfeld
Words 641
Pages 3
In the Raymond Bourque case, Raymond made a written offer to the FDIC on a property for $105,000. The FDIC did not accept this offer and came back with invitation to buy the property for $130,000. Raymond then accepted the invitation of $130,000 by sending in an amended purchase and sale agreement. Both parties in this case had the capacity to understand what they were doing at the time. Neither were intoxicated or had any medical issues that would prove otherwise. I did not see anything in this case that was done illegally. When Bourque’s attorney wrote to the FDIC account officer, there was a mistake made by the assistant. As the assistant told the attorney that the account officer was handling the property, they forgot to tell the attorney that the account officer had limitations on selling the property. The FDIC also should not have cashed Bourque’s $10,000 check after accepting another offer. There were some forms that were sent back and forth between Bourque and the FDIC. The first form sent was the signed FDIC purchase and sale agreement. The account officer then wrote back advising Bourque that they had a counter offer. Bourque then accepted this counter offer by sending in an amended purchase and sale agreement. The FDIC cashed his check and later told him they had accepted a higher offer. Bourque then sued for the benefit of his bargain. Bourque also did not know that the account officer did not have the authority to sell the property.
In the Robinson case, Letha Robinson sued Delta for injuries that happened to her while in the airport. While in court, Delta offered $60,000 to Letha and she verbally told her lawyer to accept the offer. Both parties in this case had the capacity to understand their offers and acceptance. Both the offer and acceptance were done legally. There wasn’t anything in the case that was done illegally. While reading I only found

Similar Documents

Premium Essay

Client Contract Paper

...Monica Sargent Leah Doordan 10/21/2014 ID 434 Client Contract Connecticut Avenue NW Washington D.C Mr. & Mrs. Ramsey September, 16 2014 Dear Mr. & Mrs. Ramsey, Our intended proposal for the design services and space planning shall include the following program consisting of a living and entertainment area, a dining area, a kitchen space (with bar area), and a display area for art. The predetermined budget for this project is set at one hundred thousand dollars for the residence located on Connecticut Ave, NW D.C. Scope of Services: I. Design Concept 1. Includes schedule of work (concept development, preliminary drawings and plans) 2. Prepare plans for partitions with built-in furniture 3. Developing furniture layouts, coded to spreadsheets...

Words: 698 - Pages: 3

Premium Essay

Contract Experiences Paper

...Contracts we use them on our daily lives even if we do not want to acknowledge them. They are agreements between two or more groups, written down to ensure both parties have an agreement on what is expected of them. There are many types of contracts and we use them for different situations, from getting married to buying a house. We are going to explain some types of contracts and how we have used them in our daily lives. Adhesion Contracts is one party has more power than the other in creating a contract. It also means the party that has the most advantage leaves the other party with no option. It is also known as “take-it-or-leave-it contracts”. It is not necessary that all adhesion contracts are unacceptable contracts, but in some cases one party has a superior bargaining benefit, leaving no option for the other party. For instance, this can happen in monopolistic markets. An example of adhesion contract is an insurance contract. The company or the agent has the most power, while the policyholder only has the right of rejection. They cannot create a new contract. It is very important to read the contracts carefully. Aleatory Contract is a type of contract which the parties involved does not have to perform a particular action until the event occurs like a natural calamity. Both parties may assume risks. Aleatory contracts are commonly used in insurance policies. The insurer does not have to pay until a disaster occurs, such as a fire, or other property losses...

Words: 1145 - Pages: 5

Premium Essay

Business Law Contract Paper

...CONTRACT REVIEW ASSIGNMENT Instructor: Barb Eccles Business Law 3051-FA Matthias Majerczyk Due Date: Tuesday, November-27-2012 BigCo Agreement for Exchange of Confidential Information 2) Most people who have positions in a corporation are employees under the legal entity. So, therefore Really Smart Guy is the Vice-President and an employee of BigCo Limited. BigCo can use confidential draft patent application and some confidential information to compete with III. This is according to paragraph 4, “BigCo can use III’s ideas, concepts, know-how and techniques for its own business activities to compete with III, only if III’s Information is retained in the memories of BigCo’s employees who have had access to the Information under the BigCo Confidentiality Agreement.” BigCo was also given a draft business plan. BigCo cannot use the business plan to compete with III according to paragraph 4, “nothing gives the BigCo the right to disclose, publish or disseminate the business plans of III” 3) BigCo can terminate its agreement with III by providing a one month’s written notice BigCo. III’s and BigCo’s obligations for disclosing information will extend beyond the termination and will remain in effect until fulfilled. The Survival clause is really weird and it conflicts with the Confidentiality Period on paragraph 3. How can you say that it will extend for two years following the initial date of disclosure, then the survival clause states that any terms of the agreement will extend...

Words: 1120 - Pages: 5

Free Essay

The Social Contract Theory of John Locke Paper

...The Social Contract Theory of John Locke Paper University of phoenix Finance and Budgeting in Justice and Security AJS/532 Matthew O’Deane November 20, 2013 The Social Contract Theory of John Locke Paper My paper evaluates the Social Contract Theory of John Locke, and how his principles are even within the criminal justice system, and private security situations nowadays. This paper shall also in great detail debate whether or not Locke’s’ values and beliefs pertain to criminal justice as well as private security venues. A summary will be presented to identify key dissimilarities of the social contract theories, recognize key any principles connected with Locke’s social contract theory, label how these codes are instilled within the United States Bill of Rights, recognize how these principles show within the criminal justice system and security organizations of present, and lastly define independence in regards to personal rights and proper principles, and commitments. “A social contract is a voluntary agreement in which mutual benefit occurs between and for individuals, groups, government or a community as a whole. According to Locke, the State of Nature, the natural condition of mankind, is a state of perfect and complete liberty to conduct one's life as one best sees fit, free from the interference of others (Kelly, Martin. (2012)).” This doesn’t mean that it is a state of authorization: a citizen isn’t...

Words: 1582 - Pages: 7

Premium Essay

Whatever You Want

...EXAM 2 – PAPER – FINANCE For Exam 2 paper you will be developing two infographics based on the company you wrote about in your first paper. You will make 2 infographics, write one executive, and include reference page Infographic one: Financial statement analysis Do one vertical and one horizontal analysis. Do all the ratio analysis discussed in class. Infographic two: Analyzing the company stock: You are to analyze the stock. Use the following website to help you: http://www.nasdaq.com/investing/dozen/ Executive summary You are to write a one and a half to two page executive summary regarding what you presented in the two infographics. You are to address it to the CFO of the organization you are analyzing. The executive summary does NOT include references and citations within the executive summary but you will have it on a separate page. Your references should have the book and at least one peer-reviewed journal. You should describe the information presented (do not list the numbers = such as the current ratio is 1.20). You should focus on ratio groups (liquidity vs. current) and then highlight particular ratios within the groups that are problematic or areas they are doing well in. The next part of the executive summary should be about the stock. Use the stock market game to help you compare and contract the company stock to other stock Examples of infographics are: https://www.google.com/search?q=INFOGRAPHIC+EXAMPLES+FINANCE&espv=2&biw=192...

Words: 478 - Pages: 2

Free Essay

Granger Paper Co. Case

...Acc 327 Case No. 2 Spring 2012 It is January 20, 2012, and you are the senior auditor in charge of auditing the 2011 year-end financial statements for Granger Paper Company (GPC). GPC is a profitable company that has been in business for many years. It is primarily a manufacturing company that buys wood from timber growers and converts the wood into a variety of paper products. It is a publicly traded company with a reputation as a good corporate citizen. Although GPC has been audited many times in the past by external CPA firms, this is the first year your firm has conducted the audit. GPC’s total revenue for 2011 is $80 million. In examining the revenue for the year, you notice that $3 million of the revenue does not come from GPC’s primary operations (i.e., revenue from sales of paper goods). This $3 million in revenue is labeled as timber revenue in GPC’s books. This strikes you as odd because, generally, GPC buys timber. That is, timber is part of the cost of goods sold for GPC and, as such, is an expense. You ask GPC’s controller, Pat Smith, why GPC is recognizing timber revenue? Pat informs you that GPC began diversifying its operations a few years ago. A natural extension of its business seemed to be growing and selling timber. So, five years ago, GPC bought 10,000 acres of land in Alabama and Mississippi for purposes of growing timber. The land was purchased from a previous timber grower that had recently harvested its timber. Immediately after purchasing...

Words: 1137 - Pages: 5

Free Essay

Orchid Products

...27MAR201319523653 ORCHIDS PAPER PRODUCTS COMPANY 2013 ANNUAL REPORT To Stockholders Dear Stockholders, In 2013, Orchids Paper Products Company experienced record converted product net sales and total net sales levels for the second consecutive year. We continued to broaden our product offerings and experienced additional penetration into the mid/premium tier product markets. Net sales of converted products exceeded $100 million for the first time in the Company’s history. During 2013, we focused on continuing to increase sales of converted product to fully consume our parent roll capacity. Our efforts centered on new product development in both paper making and converting and combining those efforts with an effective sales and marketing plan. As a result, we continued to expand our converted product offerings into the mid/premium tier market, creating new sales opportunities which resulted in shipments of 8.2 million cases, or approximately 53,000 tons, an increase of 16.2% over case shipments in 2012. More specifically, during 2013, our net sales increased 15.4% to $116.4 million compared to $100.8 million in 2012. This included a 21.1% increase in converted product sales. Our sales of mid-tier and premium tier products comprised 37.9% of our unit net sales in 2013, compared to 15.0% in 2012 and 6.8% in 2011. We also focused considerable efforts on controlling production costs while improving quality attributes to supplement the high quality production capabilities of...

Words: 35963 - Pages: 144

Free Essay

Good

...ORGANIZATIONAL DEVELOPMENT AND BEHAVIORAL FACTORS Mgmt 605-M02 Mondays 6:00-8:10 p.m. DESCRIPTION This course links the classical management process to the analysis of human behavior. How do people think, analyze a situation, and how they behave. The practicing manager should gain theoretical knowledge on which to base experience and/or intuition when making decisions or solving problems involving the human dimension in the organization. In this course you are going to learn a series of models: 1) The individual—to help you understand, predict, and modify an individual’s behavior. 2) Perception of people—how such perception differs from other perceptions aspects and its importance 3) Functions of the managerial brain—how it works, makes decisions, solves problems, creates ideas 3) Dimensions of communications—to enable you to understand the basics of transmittal of knowledge 2) Two person interactions—so that you can understand conflict, leadership behavior, negotiations. 3) Small group functions,--so that you can understand when and why they are strong and get results and when they are weak and become failures 4) The large organization—so that you can utilize their strengths in marshalling human resources to get the work out and how they can adapt to changing times. If you have any problems with this course, doing the work or meeting standards, speak to your instructor before you receive failing grades or other unpleasant consequences. When you discuss...

Words: 22795 - Pages: 92

Premium Essay

Essay On Social Work

... English and travel & tourism homework. I worked with a student on a social story on how to greet others. I helped a student organise their binder. I met a student’s mother this week while attending a meeting. I started researching for more social stories on communication So this week was slow again because of the academic award ceremony. The first two periods were pretty empty of students so I mostly did research for the social stories. I honestly never knew how hard it was to find paper social stories. With everything being on line now it’s a nightmare. Looking at from a social worker perspective this is a barrier for the student. The student cant afford an I-pad and the school does not...

Words: 481 - Pages: 2

Premium Essay

Compare and Contract Paper

...By comparing life between living on a farm and living in the city, we’ll always ask questions like; what is the better place? Each of these places have something special and unique. In both places, people are interested in the same things; such as, literature, science and art. The choice for a living place is very individual and depends on one’s personal values. I prefer the city life, but there are some factors that one must consider before choosing between the two; environments, lifestyles, and family values. The beauty of farms can’t be compared with modern cities. Farms have better air quality, more vegetation, and are quiet and peaceful. Also, farms are usually surrounded by a lot of nature’s gifts; such as, trees and animals. A person living on a farm identifies and prioritizes their essentials much more so than their desires. For example, a farmer is more concerned by what he is going to eat than what he is going to wear. It is also important how the farm will succeed. The lay out of city life is more modern in style. Usually, the view in a city is of high buildings, it is loud and not green, but it does offer more conveniences. City life is better described as fast paced, peer pressured and work pressured. In the city, there are a variety of universities, colleges, schools, museums and theaters. These days, people usually prefer the modern lifestyle. People in the city tend to give their everyday needs the same priority as their materialistic desires. City dwellers...

Words: 493 - Pages: 2

Free Essay

Iletişim Paper

...ETM 500 İletişim Presentation of  Ertuğrul Koç Yiğit Ömer Altıntaş 2013712330 Communication and Writing Skills       For many years, in the masses of people there has been made a stereotype of the working engineer. This is a person who spends ten hours straight in front of his computer, making some strange graphs and calculations. He is afraid of sunlight and spends his free time inventing the time machine. When people try to start a conversation he says that he has a lot of work to do and tries to run away as fast as possible. This picture may be a little exaggerated, but it is how media and television draw it. But today, engineers need communication and writing skills even more than actual engineering.       Any engineering career starts from the resume writing. Usually a resume consists of two parts: the list of things that you have done well in your life and the cover letter. Dr. Craig Gunn, a professor of mechanical engineering, clearly explains, “Many big companies do not require the cover letter, but it will be much better for you to write one, because if a manager will read it for some reason, your chances to get a job will be a lot higher.” A person that is going to give you a job will not see you directly, so you have to convince him or her not to throw your resume in the basket by presenting all of your best qualities in the resume...

Words: 1200 - Pages: 5

Free Essay

Nine Dragons

...Recession "This time is really different. Large and small are all affected. In the past, the big waves would only wash away the sand and leave the rocks. Now the waves are so big, even some rocks are being washed away." - Cheung Yan, co founder and Chairwoman of Nine Dragons Paper2 The first week of January, 2009, was proving to be a challenge for Nine Dragon’s Paper. The company had to repeatedly deny rumors that it was on the edge of bankruptcy. A variety of media reports over the past two weeks had reported that the company’s inability to service its debt would lead to a bankruptcy filing. Incorporated in Hong Kong in 1995, Nine Dragons Paper (Holdings) Limited, had become an international powerhouse in the paper industry. The company's primary product was linerboard, with a product line including kraftlinerboard, testlinerboard and white top linerboard in a portfolio of paperboard products used to manufacture consumer product packaging. The company had expanded rapidly and spent extensively. But by January 2009 the world economy was spiraling downward. Squeezed by market conditions and burdened by debt, Nine Dragons Paper (NDP), the largest paperboard manufacturer in Asia and second largest in the world, saw its share price drop to HK$ 2.33, 90% off its high and less than half of book value. As the economic crisis of 2008 bled into 2009, export-oriented industries suffered. Rumors had been buzzing since October that NDP was on the ropes. It was carrying so much debt that more...

Words: 3025 - Pages: 13

Free Essay

Vissy Tumit

...VISY PULP AND PAPER PTY LTD ENVIRONMENTAL ASSESSMENT FOR A MAJOR PROJECT TUMUT MILL EXPANSION 436 Gadara Road, Tumut, New South Wales January 2007 H:\Environmental\VPP9 Stage 2\Stage 2\FINAL EA SUBMISSION\Main Report\Visy Tumut Final Env Assessment Main Report.doc Environmental Assessment Submission Under Part 3A of the Environmental Planning and Assessment Act 1979 Statement by Authors Environmental Assessment Prepared By: Name Ms Leanne Hayes Company Visy Pulp and Paper Pty Ltd Position Project Environmental Engineer Qualifications BSc Environmental Biology Address 436 Gadara Road, Tumut, New South Wales, 2720 Co-authored and Reviewed By: Name Ms Alison McRae Company Peter J Ramsay and Associates Pty Ltd Position Associate Qualifications Bachelor of Engineering (Environmental), Bachelor of Commerce Address 3/538 Gardeners Road, Alexandria, New South Wales, 2015 Project Under Part 3A: Application Number 06_0195 Development Visy Pulp and Paper Tumut, Mill Expansion Development Location 436 Gadara Road, Tumut, New South Wales, 2720 Proponent Visy Pulp and Paper Pty Ltd PO Box 98 Tumut, New South Wales, 2720 Certification: I certify that I have prepared this Environmental Assessment report and that to the best of my knowledge: it has been prepared in accordance with Part 3A of the Environmental Planning and Assessment Act and Regulations; and the information...

Words: 18834 - Pages: 76

Free Essay

Internship

...An illustration denoting the timeless elegance of created by Mavra Almas, 2005 Suraj Miani Sahib in Multan. Annual Report of Packages Limited 2012 Naqsh School Foundation in of 2003, Arts was established by the Babar Ali with the purpose to revive the traditional arts of miniature, naqashi (the art of arabesques) and calligraphy.  Naqsh artists and students have excelled in the art of naqashi, which has been inspired from the rich historical monuments of the Packages Limited the years. We Annual Report Mughal is proud to have been a patron of Naqsh over are happy to dedicate the theme of this year’s to the revival of traditional naqashi, using some of the artworks produced by the A era. On the Naqsh School Cover Page: magnificent display of true arabesque patterns coming to life – Jahangir’s tomb Afshan Ijaz, n.d. a masterpiece inspired by created by in Lahore. of Arts. Ottoman Majesty The strikingly intricate beauty of a 16th century ceiling artwork. the mausoleum of Shah Rukn-e-Alam in Multan. A spectacularly intricate painting depicting Created 2 by Sadia Jamil, 2012 Annual Report of Packages Limited 2012 Contents 04 Company Profile 06 Company Information 08 Organogram 10 Business Divisions 21 Entity Rating Governance 22 24 26 30 31 Board of Directors Management Committees Vision, Mission...

Words: 78521 - Pages: 315

Free Essay

Private Equity Investment

...Harvard Business School 9-297-005 Rev. October 18, 1996 D O Private Equity Investment in Russia: Alliance Cellulose Limited N In April, 1995, portfolio managers were reassessing the investment climate in Russia. Since the disintegration of Communism and the Soviet Union in 1991, western investors had been intrigued by the potentially huge returns that could be gained by participating in the restructuring of the Russian economy. Russia’s transformation to a market system, however, had been highlighted by missteps and disappointments. Foreign investors who had jumped into the market only eight months earlier were burned badly by a general market collapse in October. Furthermore, Russia’s political and economic future were uncertain. O Nevertheless, Russia possessed many attractive features that could reward those with the courage to invest at this early stage of market development. Russia’s natural resources accounted for significant portions of the world’s proven oil and gas, timber, coal, and minerals reserves. In addition, the privatization process, lack of internal capital, and country-specific risk resulted in valuations for Russian companies that seemed to be small fractions of their world peers. T Russia in 1995 was frequently compared to America’s “Wild West,” when the search for riches and general lawlessness combined to create very volatile conditions. While western money managers were drawn to Russia by tantalizing asset valuations...

Words: 10157 - Pages: 41