Pretend you are a producer and want to start a film company. You have a friend...

Pretend you are a producer and want to start a film company. You have a friend with an incredible life story. You have the idea to write a script based on your friend’s life that you hope to finance and produce by your company. You see a lot of potential in TV, film and maybe even mass media/video games. Other companies have approached your friend in the past and you know he has turned down offers for $10,000. Your friend is a bit of a drinker and suffers from early onset Alzheimer’s.

What do you need to do to form a valid contract? What specific terms should you include in your offer? Are there any ways your friend could try to avoid the contract later?

Expert Solution

In order to form a valid contract with the friend who is in the initial stages of Alzheimer’s disease and has some drinking problem, one must understand that the individual alone is not in a state to make a valid contract. Thus, to make a valid contract with him, one has to contact with his immediate family to who are his legal guardian, such as wife or children.

You must include all the necessary terms and conditions along with detailed description about the formalities you have taken to involve the individual's guardian, his/her relationship, address and other contact details. Further, the contract must also include the non-disclosure of confidential information as sought by your friend whose life's story would be used to write a script.

Yes, there could be a way. The friend would deny having trust in the guardian and his/her judgement and refuse the contract later by saying that he was misguided.

keosha answered 1 year ago

Suppose you and your friend want to start a business, and the friend suggests to start...

Suppose you and your friend want to start a business, and the friend suggests to start a movie dvd rental store in the bronx. Is that an attractive market? Discuss using Porter's Five Forces

Pretend you are going to be an entrepreneur and you want to start your own business. You...

Pretend you are going to be an entrepreneur and you want to start your own business. You have a great idea, you are ready and willing to work. You just need--money. You will need $500,000 to start your business. But you do not have that much money. You only have $50,000 available from your life savings. What avenue or avenues would you pursue to gain the money you need to get your business started? Explain what would work best for you, and...

You have a friend that is about to start a small business using a credit card. They...

You have a friend that is about to start a small business using a credit card. They understand nothing about accounting and think they will have all of the information they will need to manage the company by keeping track of their credit card balance. Please explain to them what type of accounting information they will need to help them run the business.Be sure to use the terminology and information from the textbook

. Film scenario. A Hollywood film producer named John Mogul is evaluating a script for a...

. Film scenario. A Hollywood film producer named John Mogul is evaluating a script for a potential film. Mogul estimates that the probability of a film based on that script being a hit is .10 and probability of it being a flop is .90. The studio accounting department estimates that if a hit, the film will make $25 million in profit, but if a flop, will lose $8 million. Before deciding whether or not to produce a film based on...

Scenario: Film producer, Jack Magnet, is evaluating a script for a potential film. Based on that...

Scenario: Film producer, Jack Magnet, is evaluating a script for a potential film. Based on that script, Magnet has initially estimated the probability of the film being a hit at 0.05, average at 0.1, and the probability of it being a flop 0.85. The studio accounting department estimates that if it is a hit, the film will make $320 million in profit, with an average take profits are estimated to be $90 million, and if a flop, will lose $50...

You and your friend Paul want to have a bet on how fast it can take...

You and your friend Paul want to have a bet on how fast it can take to reach another friend Peter who is near the star Sirius B. Knowing that the star has a proper length of 8.6 light years from Earth, Paul thinks that since the maximum speed of your ship is 70% that of the speed of light, it will take about 9 years to get there. However, you reason that around 12 years will make more sense....

You want to set aside some money for your friend Pip. (a) You have great expectations...

You want to set aside some money for your friend Pip. (a) You have great expectations for Pip and want to give him $250,000 a year for 20 years. If you’re able to lock in an effective annual nominal interest rate of 8%, how much do you need to put down today if you want the payments to begin next year? (b) Before signing the documents to set up Pip’s trust, you decide that you’re feeling even more generous. How...

Pretend you and your lab partner are designers for the PhET simulations and want to make...

Pretend you and your lab partner are designers for the PhET simulations and want to make a simulation for students to investigate gravity fields. Think about what you know about gravity and what kinds of experiments a student might want to do to learn about gravity. You may have to refresh your memory by using the text. Draw a design, by hand, for a gravity simulation. Explain why you included each component and explain at least one experiment that a...

You want to start saving for retirement. You currently have $7,000 set aside for retirement in...

You want to start saving for retirement. You currently have $7,000 set aside for retirement in an IRA. You want to contribute an additional $300 per month for the next 5 years (10%). Then, you believe that you can invest $1,000 per month for the next 45 years (10%). How much would you have at retirement if you would do this?

(Include full solutions)You and your friend Paul want to have a bet on how fast it...

(Include full solutions)You and your friend Paul want to have a bet on how fast it can take to reach another friend Peter who is near the star Sirius B. Knowing that the star has a proper length of 8.6 light years from Earth, Paul thinks that since the maximum speed of your ship is 70% that of the speed of light, it will take about 9 years to get there. However, you reason that around 12 years will make...

Question