Explaining how the contract meets the elements of a valid

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Reference no: EM131674972

Scenario: Nancy Bower is owner of Bower Gallery that specializes in oil paintings. Nancy has been an agent for you for several years buying Arnold Wyeth oil paintings. You and Nancy agreed that she will purchase any and all available Arnold Wyeth oil paintings on your behalf. Some of the paintings you will keep for your private collection, others Nancy will sell on your behalf in Bower Gallery. You are to receive 75% of the proceeds from any Arnold Wyeth painting sales in Nancy's gallery. Nancy will keep the remaining 25% of the proceeds from these sales.

A. Write sample contract that reflects the agreement between you Nancy Bower. The contract should be valid and enforceable.

B. Write brief summary explaining how the contract meets the elements of a valid and enforceable contract.

Reference no: EM131674972

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