Explaining the bilateral valid contract-legal consideration

Reference no: EM1326264

On October 1st, Mariah Carey, a world renowned entertainer, entered into a valid bilateral contract with Quality Productions Ltd. To perform a concert in Windsor on December 15th.

On October 15th , Quality signed a contract to rent the Centennial Hall from its owners, Business Buildings Ltd. For the evening of December 15th.Business Bldg. was advised of the purpose for which Quality was renting the Hall and Quality paid Business Bldg. a deposit of $5,000.

Quality had tickets printed, advertised the concert, hired a band,and paid Mariah Carey a $7,500 advance. Expenses by December 10th totaled $12,500 excluding the advance to Mariah Carey.

a) If on December 10th, the Centennial Hall burned to the ground through no fault of Business Bldg., would Quality be able to sue Business Bldg. for its losses and if so, what would Qaulity likely recover? List and explain the legal concepts AND defenses the parties may rely upon. There is legal consideration.b) If on December 10th, the above

b) did not happen, but Mariah Carey died. Could Quality successfully sue Mariah Carey's estate for damages and if so, what would Quality likely recover? What legal principles and defenses would be available to the parties involved?

Reference no: EM1326264

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