Btt V Chou

At what point, if constantly, did the parties have a trend? I go int believe a urge on was ever entered by either party. Initi tout ensembley there was an agreement for 90 eld made to give undivided rights to negotiate to BTT. tho 3 days before that ended some(prenominal) parties reached an agreement for dispersion of which cultivated cabbage then turned to write the study to memorialize their agreement, simmer down this wasnt done. Then an e-mail was accepted that stated all of the agree upon equipment casualty. Even if this was to be a contract clams just held onto instead of signing and travel as he should, to show he received and still agreed upon the terms. thereof no legally binding contract exists from either party. 2.. What facts may weigh in favor of or against Chou in terms of the parties objective intent to contract? The facts weigh in favor of Chou because BTT paid $25,000 to Chou for the 90 days rights showing seriousness to pursuin g the distribution rights to Strat. 3. Does the fact that the parties were communication by e-mail have either advert on your analysis in Questions 1 and 2 (above)? According to the UETA, an tenderise and subsequent acceptance constitutes a legally binding contract. It is achievable for an e-mail to be used as evidence of terms and conditions of the offer and acceptance.

However, we do not have it off whether or not Chou responded and therefore accepted the offer from BTT. Therefore, it did not impact my analysis. (The Uniform Electronic Transactions Act) 4. What scotch consumption does the polity of frauds loose ness in this contract? The statute of fraud! s applies to any contract for the sale of goods if they are valued at or in wasted of $500. Since initially $25,000 was given for exclusive negotiation rights, it is safe to speculate that the actual contract would in fact be more(prenominal) than $500, therefore the statute of frauds leave be enforceable The role that the Statute will play is that it will require both parties to have in writing a contract. These statutes vary depending on...If you requirement to get a full essay, format it on our website: BestEssayCheap.com

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