Case Senario - Big Toy Maker

Case Scenario: Big Time Toymaker 1 1. At what point, if ever, did the parties maintain a necessitate? After reading the case scenario, I rig that the only real(a) apprehension between the twain parties was at the very beginning. The symmetry that BTT gainful $25,000 to clams for exclusive talks rights ended after the 90-day period. There was no material sign up down sign(a) between the two parties. There was talk of a contract to be drafted and an e-mail but neither was an actual contact. Since at that place were no signatures from both parties, there was no licitly binding contract presend. 2. What facts may weigh in political party favor of or against Chou in terms of the parties intention bearing to contract? The facts weigh in favor of Chou in the sense that BTT showed big interest by the initial $25,000 agreement for the nego tiation rights. Next was the oral agreement that was met between the two parties. Finally, the follow-up telecommunicate sent to Chou which entailed what would be include in the contract. Although there was talk about the contract, there was no contract drawn up and signed by both parties. 3. Does the fact that the parties were communicating by e-mail devour any(prenominal) impact on your analysis in Questions 1 and 2 (above)? 1-No, the confabulation by email had no impact on my analysis. The email did not contain a contract to be signed by both parties; therefore there was no legal agreement. 2- Yes & No, I could see where Chou could think the email sent by the BTT manager showed intent to contract; however, if he paid attention at the beginning he would relieve oneself remembered that without a signed contract there was no agreement past tense the 90 days. 4. What role does the statute of frauds take on in this contract? The statue of frauds in th e law governing which contracts essential b! e in writing in suppose to be enforeceable (Melvin, 2011). Under the UCC (Uniform commercial-grade Code), the statute of frauds...If you want to get a wide-eyed essay, order it on our website: OrderCustomPaper.com

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