Reference no: EM133362006
Ford, Harvey, and Suzuki are the directors of Bishop Pty Ltd, a company that imports bicycles from Europe for resale in Australia. Harvey and Suzuki authorise Ford to enter into contracts, on behalf of Bishop Pty Ltd, with European bicycle suppliers. Ford signs a supply agreement with European bicycle supplier, Zoe Ltd. Bishop Pty Ltd places an order with Zoe Ltd for the supply of 500 bicycles to meet anticipated demand in Australia during the upcoming summer months.
Zoe Ltd terminates the agreement and refuses to ship the bicycles. The directors of Bishop Pty Ltd are all shocked and disappointed because the company has already spent over $10,000 in advertising to market the bicycles in Australia. They threaten to sue Zoe Ltd for breach of contract but are directed to a clause in the agreement that states:
"This written agreement is not intended to be a formal or legal agreement, but a honourable pledge between Zoe Ltd and Bishop Pty Ltd."
Harvey and Suzuki cannot believe Ford could be so careless as to sign an agreement containing a clause like this. They are also concerned that their reliance on Ford may also amount to carelessness on their part.
USE IRAC for below questions
1) Explain if Ford, Harvey or Suzuki have breached their directors duty to exercise their powers with care, skill, and diligence and if so, what defences may be available
Please provide the answers for below
2)Explain if the agreement between Bishop Pty Ltd and Zoe Ltd is a legally enforceable contract
Essential Elements of Contract
Introduction
Conclution
|
Analyzes and critically explain what claim
: Analyzes and critically explain what claim you either support or challenge in the text above.
|
|
What strengths did you find in your peer essay
: What strengths did you find in your peer's essay? - What opportunities for improvement do you see?
|
|
How do checks and balances work in the u.s. government
: How do checks and balances work in the U.S. Government? Why is this important?
|
|
Describe what the medical assisting code of ethics means
: Describe what the Medical Assisting Code of Ethics means to you as a worker in the medical clinic and provide five detailed examples as to how you
|
|
Explain if ford, harvey or suzuki have breached
: Explain if Ford, Harvey or Suzuki have breached their directors duty to exercise their powers with care, skill, and diligence and if so, what defences
|
|
Compare and contrast how a sociobiologist, a social learning
: Compare and contrast how a Sociobiologist, a Social Learning Theorist, and a Sociologist would explain why people do or do not engage in premarital sex.
|
|
Choose a company and make an overview
: choose a company and make an overview about it, and a country to plan to move into - constitution of a company based in Canada that will have substantial part
|
|
What is burton trying to argue
: What is Burton trying to argue ? What the evidence is, both for and against her position? Summarize 'pro' and 'con' arguments. Evaluate two sides and come
|
|
What extent do you believe the professional certification
: what extent do you believe the professional certification organization you chose is committed to ensuring their certified members maintain high ethical standard
|