Question

Contracts Answer Practice Problems

1. Lana agrees to work as Michelle’s personal assistant for one year at a salary of $24,000. But Lana dies in the ninth month of the contract. Michelle hires a replacement who charges $30,000 to do the same job. Michelle sues Lana’s parents, who control the estate that Lana left behind, to recover the additional money she ended up having to pay as a result of Lana’s death. Discuss whether you think a court will require Lana’s estate to pay damages to Michelle. Why or why not?   

2. Porches & Verandas, Inc., agrees to build a screen porch for Quinn, but fails to complete the job. Quinn hires Ramadas, Inc., to finish the project. Explain how a court would calculate how much Quinn should be awarded if he sues Porches and Verandas.

3. Larue buys an iPod for $150 and a new laptop for $1,200 and signs a two-year employment contract for a $4,800 monthly salary to start at the beginning of the next month. Which of these three agreements Larue enter into needs to be in writing in order to be enforceable, under the Statute of Frauds?

4. Greg contracts to sell his ranch to Marley, who is to take possession on June 1st. Greg delays the transfer until August 1st. Marley incurs expenses in providing for the cattle he had purchased for the ranch. When they made the contract, Greg had no reason to know of the cattle. Is Greg liable for Marley’s expenses for providing for the cattle? Why or why not?

NOTE: Business Law 001

Answer 1

1. Discuss whether you think a court will require Lana’s estate to pay damages to Michelle. Why or why not?

Here As per facts of the case, as per the contract no further liability has been implied in the contract at the time of working as a Personal secretary of the Michelle. To recover the cost from the parent's holding Lana estate is not enforceable as per contract and not held tenable in Law.

2.  Explain how a court would calculate how much Quinn should be awarded if he sues Porches and Verandas.

Here, In this scenario there is agreement between Porches and Verandas Inc for a particular job and performance. as they failed to perform the same, lead to breach of contract on the part of Porches. Quinn hires Ramadas Inc for the same performance, Loss due to Non performance, and extra cost incurred for hire new Performer or Ramadas Inc, shall be bear by the Porches Inc. As Non performance as per contract term is also breach of terms of contract.

3. Which of these three agreements Larue enter into needs to be in writing in order to be enforceable, under the Statute of Frauds?

In this Case, Signing a two year employment contract for monthly fixed salary against the purchase of Ipod and New Laptop is seems very unlawful act between the parties. It can be possible that such agreement is made as " Non Competent" Contract, In order to made the contract enforceable it is required to write in documentation form the agreement of fixed monthly 4800$ as a salary, against the statue of frauds, otherwise in lack of paper work, Laure will never get 4800$ per month from another party. and Another party reduces the same from its books of account and take deduction of the same by simply forming affidavit as a documentation proof without the knowledge of Laure.

4.  Is Greg liable for Marley’s expenses for providing for the cattle? Why or why not?

In this Case, as the begining of the contract, it is clearly stated that June 1st Marley will take possession of the Ranch currently hold by the Greg. As far as agreement is concerned, there is no terms and condition over the use of the ranch in particular manner or restriction over not to be used for cattle purpose after possession. Taking this aspect further, if cattle is purchased for his own purpose by keeping in mind the possession of Ranch since July 1st is appropriate, as possession is delayed by Greg, hence expenses incurred for providing / taking care of the cattle is liability of the Greg. So, Greg opinion over non knowledge of Cattle while possessining is not tenable in law, as because there is no restrictionover the usage of ranch in any manner. Hence Gerg is liable to compensate over the expenses incurred on cattle feeding and their caring is tenable and justifiable in law.