...Foodmart, Inc. is a retail grocery store chain based in Any State, USA. Foodmart contracted with Masterpiece Construction and few of its employees involved in different contracts. Contract is an agreement between two or more entities to do or not to do something with consideration for which the law provides a remedy. Contract is mainly use to enforce an agreement. A contract exist when there is an offer, an acceptance with is a meeting of the mind with the manifestation of the intent to agree, a consideration, a recognition to accept an offer and be able to consider an offer by law, and a subject matter. A contract can be void under certain circumstances, especially a contract conduct with a minor. The contract scenarios to discuss in this paper contain various aspects: processes involving a construction contract, a contract with a minor, contract with a minor, and issues in a contract. Scenario 1: Foodmart, Inc. is a retail grocery store currently undergoing renovation, which has required them to contract with Masterpiece, a construction company, to assist in making this vision possible. The contract specifically outlined a time frame for the work to be done within a six month period. In today’s business world contracts are written to define relations and transactions among entities. “In the eye of the law, a contract arises when there is an offer, acceptance of that offer, and sufficient consideration to make that contract valid” (FindLaw, 2011, p.84). According...
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...Foodmart Inc. Scenario BUS/415 July 19, 2011 Aaron Towns Foodmart Inc. Scenarios Scenario One: Foodmart Contracted with Masterpiece Constructions. In an effort to enhance customer experience and satisfaction Foodmart Inc. retained Masterpiece Construction to renovate its Main Street location. In the end Foodmart Inc. was not pleased with the work Masterpiece Construction provided and later found out that the work was sub-contracted out to a third party vendor. This in return resulted in Foodmart suing masterpiece for a breach of contract. Who wins? In the case of Foodmart vs. Masterpiece, Foodmart wins. Although, Masterpiece argued commercial impracticability, the first element of the commercial impracticability states “Something unexpected must have occurred"(Cohen Seglias Pallace Greenhall & Fermac PC, N.D.) for a company to plead impracticability. The third element states and the unexpected occurrence must have rendered performance commercially impracticable” (Cohen Seglias Pallace Greenhall & Fermac PC, N.D.). By Masterpiece Construction accepting and scheduling each new contract it voids the term unexpected. They were aware of everything that came along with each contract they accepted before accepting the responsibility. Therefore Masterpiece Construction should be held accountable to their actions which in return results in Foodmart Inc. being granted their injunction. Scenario Two: Jeremy Atwater Purchases a Car During the summer Jeremy Atwater...
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...Foodmart Inc., Paper Zelda Anderson, Shaquan Bozeman, Maria Lovell, Lashawda Jones, Ali Gurley BUS/415 March 13, 2012 Professor Michele Riley In scenario one many issues are in question such as whether this contract was legally formed, if the contract was assignable or if the contract was disregard and what the appropriate standards is for the non-breaching party. They need to take a look at the contract and decide if the contract was an acceptance and consideration. After reading the scenario the contract does not show any formation process, it also does not show whether the contract is valid between the two companies. In order for Foodmart to sue Masterpiece construction they must first establish that the contract ever existed. Masterpiece could avoid the liability under the contract by proving that no legal contract was clearly defined. If no contract was formed to where Foodmart accepted the terms then the offer could be different. The facts in this case do not indicate whether the contract between Foodmart and Masterpiece was assignable or not. Even if a contract is held to be non-assignable, most jurisdictions will usual not grant the change of a specific performance. If Foodmart petitioned the court for an injunction and sue Masterpiece for the breach in contract and the specific performance they will lose. Foodmart could win against the case if they sue only under the breach of contract. Masterpiece argues that they had the right to delegate the contract...
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...Course Syllabus Course Name: Business Law Course Number: BUS/415 Group Number: SWFOUN86 Course Start Date: 5/14/2012 Course End Date: 6/18/2012 Day & Time: Monday, 6:00pm PST Course Schedule________________________________________________________ Workshop 1 – May 14, 2012 Workshop 2 – May 21, 2012 Workshop 3 – June 4, 2012 Workshop 4 – June 11, 2012 Workshop 5 – June 18, 2012 Course Description This course examines, analyzes, and applies to the morn business environment the nature, formation and system of law in the United States. Course Topics & Objectives 1. Legal Environment Explain the relationship between business and the legal environment. Evaluate the social responsibility of business practices. Describe the stages of a civil case. 2. Torts Assess business situations for tort liability and defenses. 3. Contracts and Commerce Describe the elements of a valid contract. Explain the application of the Uniform Commercial Code to commercial transactions. Differentiate between types of interests in property. 4. Business Organizations Differentiate business entities by their advantages and disadvantages. Explain the actions which may result in the piercing of the corporate veil. Describe the formation and dissolution of a corporation. 5. Employment Law Government Regulation Describe the evolution of employment law. Explain government regulation of employer-employee relationships...
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...Foodmart Looking at the four different type of contract that they enter in too in their daily lives it can be going into their personal or business. They had to encounter contracts, liability, and consumer protection and e-commerce. When looking at this board spectrum of areas of the law some of consumer use even if he or she do not that are signing a contract. What they are entering is a contract are not. In finding the different types of statutes that can be used to determine which of the different instances that someone can believe that went wrong. In deciding if a contract is existing can be consider as a guidelines to help set a precedent, and ultimately to be decided upon by a judge. These contracts are there for the business and the consumer to help him or her to be fair. Revved up Renovations Masterpiece Construction took on a contract to do some remodeling for Food Mart. After taking the contract they could not complete it in the time limit. Without letting Food Mart know they had subcontracted it out. Food Mart was under the impression that Masterpiece Construction was doing the work because Food Mart like their work. This would show that Masterpiece Construction in breach of contract because they did give permission to go into a subcontract the work. The contract shows that Masterpiece Construction is doing the work and is warranty of work for this job was not valid when they gave the job to build them to fall. When the judge looks at the Food Mart...
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...CHAPTER 1: INTRODUCTION AND RESEARCH METHODOLOGY Chapter 1: Introduction and research methodology 1.1 Introduction: The subject chosen for the project is consumer behaviour and a preference in the matter of retail stores. Sangam Direct is a non-store home delivery retail business under Wadhawan Holdings. It offers consumers the facility to place their orders through the Website or Phone and Sangam Direct will home deliver the products at the appointed date and time. This project will deal with understanding their existing consumers’ preferences and behaviour while food and grocery shopping which will help them to serve its customers in a better way by making the required changes in their way of working according to the responses recorded during the study. 1.2 Objectives of study: • To understand consumer profile. • To understand consumer preferences. • To know the frequency of purchase by the customers from Sangam Direct. • To obtain customer feedback for providing better service. • To provide recommendations to the company to provide greater satisfaction to existing customers to retain them. 1.3 Scope of Study: This study will provide us information on Sangam Direct’s existing customers’ profile with respect to their psychographics, behaviour and demographics. It will also provide Sangam Direct with information which can help them retain its customers by acting as per the customer feedback and suggestions which don’t cost much. It can also be used as reference...
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