Learning Activity W5 Instructions · · Include in-text citations and a Reference List for in-text citations The GC owners have questions and need clarification about several contract concepts and issues related to their new business. Specifically, they have questions about: · Statute of Frauds “writing requirement” · Discharge of a contract · Satisfaction of contract performance Winne and Ralph have asked you to prepare examples and explanations of these 3 areas of contract law. To respond to the GC groups questions and concerns, create facts scenarios and explanations to discuss with the GC owners. Generally, contracts for the sale of goods must be in writing, and the writing must be signed by the parties to the agreement, and the parties must be sufficiently identified. GC will be selling goods via the internet; the owners are wondering whether these electronic contracts are valid and enforceable. There are several reasons for which a contract can be discharged before performance under the agreement. Under common law and the UCC (Uniform Commercial Code, Section 2-615), a contract may possibly be discharged because of commercial impracticability when performance could be completed only with extreme difficulty, or at unreasonable expense, or would have little practical value. Courts are relatively flexible on this matter. Some businesses advertise, “Satisfaction guaranteed or your money back”. A performance satisfaction clause in a contract can mean that one party does not have to pay or perform his or her duties under the contract unless fully satisfied with the other party’s performance. Courts typically apply an objective, reasonable standard to resolve disputes arising from contracts with satisfaction clauses. Fully explain and support conclusions. Create scenarios and explanations in paragraph format. Number each section.
https://writemyresearchpaper.us/wp-content/uploads/2021/08/whatsapp-logo-300x115.jpeg 0 0 Write my research paper https://writemyresearchpaper.us/wp-content/uploads/2021/08/whatsapp-logo-300x115.jpeg Write my research paper2019-09-02 14:24:062019-09-02 14:24:06Learning Activity W5 Instructions · · Include in-text citations and a Reference List for in-text citations The GC owners have questions and need clarification about several contract concepts and issues