Risk of liability for breach of contract

Assignment Help Business Law and Ethics
Reference no: EM132489055

Kellie and Richard were at their company's Christmas party. Richard had a considerable amount to drink. As they spoke with each other, Richard offered to sell Kellie his Porsche car for only $10,000. Kellie made sure to have Richard sign a written agreement to that effect. The next day, Kellie went to pick up the car, but Richard didn't remember anything about it, even when Kellie showed him the written agreement. Richard told Kellie he would let Kellie take the car for $20,000. Kellie agreed, and gave Richard the $10,000 with a promise to pay the remaining $10,000 in a month. Kellie never paid the additional $10,000.

Please assess Kellie's risk of liability for breach of contract.

Reference no: EM132489055

Questions Cloud

What is the role of business law in countering harmful : What is the role of business law in countering harmful market and consumer practices associated with an outbreak of the Coronavirus?
Ethical perspective utilitarianism and kantian ethics : Should Australian* manufacturers sell weapons to countries accused of war crimes such as saudia arabia according to ethical perspective utilitarinism
Research and analyze capital investment proposals : Demonstrate knowledge of time value of money, capital budgeting techniques, financial leverage, risk return relationship, and working capital management
United states life insurance company : The United States Life Insurance Company in the City of New York v. Wilson
Risk of liability for breach of contract : Please assess Kellie's risk of liability for breach of contract.
Explain legal and ethical obligations that organizations : Identify and explain legal and ethical obligations that organizations should comply with that relates to workplace information
Explain legal and ethical obligations that organizations : Identify and explain legal and ethical obligations that organizations should comply with that relates to workplace information
Determine the consequences for the directors : What would be the consequences for the directors if they paid the dividend and the company had no money left to pay its debts?
Appropriate entity for the business : For the remaining questions, assume that a proprietary company is selected as the most appropriate entity for the business.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Purpose of the continuous disclosure regime

Briefly explain the purpose of the continuous disclosure regime under the Corporations Act 2001.

  Write paper about methods to stop cyber criminals

Write paper about methods to stop cyber criminals

  Write a legal memo for the given case studies

Your assignment is to write a three to five page legal memo analyzing the fact pattern below. You are to discuss the parties and relevant issues in a thorough analysis. These issues deal with tort and Constitutional law. This is not an exercise..

  Discuss the key elements of courtroom presentation

Create a mock court cause in which you discuss the key elements of courtroom presentation from the vantage point of the defendant and security personnel in a criminal trial or the plaintiff and respondent in a civil trial

  Could the couple enforce the contract in a court

Is the contract between the parties legal. Why or why not? What would happen if Donald decided not to pay the $2 million? Could the couple enforce the contract in a court?

  Explain special vulnerabilities that affect the way

Explain three or more special vulnerabilities that affect the way this group is impacted by this hazard and what that impact would likely be

  Why do you believe tri-m should have won or lost its case

Delaware enacted an apprentice regulatory scheme to "develop and conduct employee training and registered apprenticeship programs" and to provide "for the establishment and furtherance of standards of apprenticeship and training to safeguard the w..

  What are the ramifications of given situation

You are managing a project that is just barely within budget. You are confused because you know that your bid was high enough to produce a nice profit. What are the ramifications of this situation? What steps do you think you should take to rectify..

  Advise gary and sally - business and corporations law

Advise Gary and Sally about all relevant terms of the contract, and what remedies can be available to them.

  What specific area of forensics are you interested

Why would the items being investigated be important to the defense or to the prosecution? What specific area of forensics are you interested in, or what type of position are you interested in

  Document the manner in which she performed these

document the manner in which she performed these tests.knowing what you know about ethanol and blood alcohol

  Can you describe the essential elements of a contract

Can you describe the essential elements of a contract and what that might entail in this instance, After Jade sent her email via her smartphone, but before she actually printed out and signed the contract, do you feel that a contract has been forme..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd