What are the elements of a legal contract

Assignment Help Business Law and Ethics
Reference no: EM131576200 , Length: 15

Assignment:  The White Arch Casino Case Scenario

For this assignment, communicate the findings to the manager creating a Memorandum. Create an outline and write a memo for the assignment meeting the requirements below.

Enoch Thompson was employed for several years as a dealer at the White Arch Casino (WAC) in Reno, Nevada. WAC is one of Colonal Corporation entertainment/gaming division companies. Over the years, Thompson developed a reputation as one of the most skillful high-stakes poker dealers in Nevada. He was often requested by top poker players at the Texas Hold'em Tournament of Champions, a televised annual event in Las Vegas.

Nine months ago, Thompson was approached by Shirley Eugest, the manager of the Venetian Flamingo Casino-a rival company of WAC. Eugest offered Thompson a substantial salary increase to leave WAC and come to work for her. Thompson agreed to think about this offer and get back to Eugest in 48 hours. When he returned to WAC, he asked several of the other dealers what they thought about the offer. One of those dealers immediately went to WAC's manager, Sal Pending, and told him the details of Eugest's offer to Thompson.

Upon hearing of the offer, Pending called Thompson into his office and said: "If you stay with WAC, I promise that next year you will receive a promotion with a 50 percent raise and a five-year contract." This sounded good to Thompson, and he turned down the offer from Eugest to stay with WAC. However, last week he was dismissed from WAC due to corporate downsizing. Although nothing has happened at this point, the vice president of human resources is concerned that Thompson might try to hold WAC to Pending's promise.

Research the issue and write a memo to the manager answering the following questions: Can Thompson legally enforce Pending's promise? What theory or theories might Thompson use to try to enforce Pending's promise? If Thompson were to file a lawsuit and win, what sort of damages or other remedies might he be entitled to? Include the reasoning process you used and any evidence that lead you to your conclusions.

Finally, regardless of the legal implications, the manager would like your view on the ethical issues. Was the promise legally enforceable? Was the promise morally enforceable? Is it right to downsize Thompson?

Analyze the Information

In this assignment, please formulate a sound response to the managers questions below.  There will be a number of foundationally issues involving legal contracts, to include the following.

What laws govern contracts?

What are the elements of a legal contract?

What form can or must a contract take?

Can a contract be modified?

What are the methods of discharging a contract?

Formulate the answers to these questions using contract formulation and execution also contract remedies when breaches of contracts happen from the information below.  Use specific laws related to contracts in Nevada and Delaware.

Attachment:- Assignment File.rar

Reference no: EM131576200

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Reviews

len1576200

7/24/2017 2:36:00 AM

Subject: Business Management & Law & Ethics. Need a 10-page memo and 5 page outlines. For this assignment, communicate the findings to the manager creating a Memorandum. Create an outline and write a memo for the assignment meeting the requirements below. No plagiarism. Site sources or references in the text. Format the memo using APA-formatted in-text citations and an APA-formatted reference list (do not format the body of the memo using APA style, just the reference list). Include a specific recommendation on what action, if any, the manager should take based on the analysis and conclusions. Be concise and specific. Support theconclusion with references to legal principles and laws. The memo should be 10 pages (double spaced, 12-point font). Create the outline separately no more than 5 pages.

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