• Law. Big Time Toymaker
    $1,000 or more” (Melvin, 2010). Chou received a payment of $25,000 in exchange for exclusive negotiation rights for a 90-day period, in which was not met. 5. Could BTT avoid this contract under the doctrine of mistake? Explain. Would either party have any other defenses that would allow the contract to be avoided? 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement?...
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  • LAW/421 Week Three Case Scenario Big Time Toy Market
    parties failed to follow up and if either party would have object then verbal agreement would have easily been dissolve. But BTT was negligent therefore they just lost to Chou $25000 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? If...
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  • Big Time Toy Maker
    future (Melvin, 2011). The decision by BTT not to move forward with Chou’s game came after new management was in place. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? The $25,000 dollars in exchange for the...
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  • Case Scenario: Big Time Toymaker - Law421
    agreement, what consideration supports this agreement. Assuming arguendo that this e-mail does constitute an agreement, the following considerations support this agreement: 1) The parties had expressed objective intent to contract in the first agreement to negotiate a written distribution...
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  • Case Scenario: Big Time Toymaker
    , that this e-mail does constitute an agreement, what consideration supports this agreement? Considerations that support this agreement between BTT and Chou would be an exchange of something of value. According to Melvin (2011, p. 155), "BTT was interested in distributing Strat and entered into...
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  • week 2
    the terms. There was no mistake. Chou did not object to the terms in the memo. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? I would assume that the $25K paid to Chou by BTT and Chou’s verbal promise to give the...
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  • Big Time Toy-maker
    and or quasi-contract 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? The fact that it was an oral agreement as well a show of interest; Mr. Chou was paid 25,000 for executive negotiate right from BTT for 90-days and three days before the expiration of the 90-day, another agreement was made. ...
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  • Big Time Toy
    because this was never a contract. If this was a contract there are statutes that impose strict liability. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? – The negotiation agreement could possibly support it if the email is...
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  • Case Scenario
    agreement, what consideration supports this agreement? Assuming the e-mail between BTT and Chou does constitute an agreement, the facts from the e-mail may support this argument. The subject line of the e-mail was stated as the “strat deal.” The e-mail repeated the key terms of the distribution...
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  • Law421 Casescenario Bigtimetoymaker
    longer interested, if Chou decided he was not either then they would have mutual assent to cancel the contract. As long as Chou is intending to enforce the contract, however, there does not seem to be a way that BTT could avoid it. 6. Assuming, arguendo, that this e-mail does constitute an...
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  • Uop Law 421 Week 4 Individual
    in favor of Chou. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? This agreement is supported by the meeting where they orally reached a distribution agreement that was later followed up by an email that was not rejected...
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  • Essay
    this e-mail does constitute an agreement, what consideration supports this agreement? Answer: Both parties would benefit from this. Firstly, Chou would benefit by having his product distributed and sold. Big Time Toymaker would benefit through the sales and profits generated through the sales...
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  • Theory to Practices
    contract avoided (Melvin, 2011 pg. 140). The contract would also be avoided due to the fact the written agreement was never done in the time that was given. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? Assuming that the e-mail...
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  • Big Time Toymaker Scenario
    avoid a contract”. Assuming the email is accepted by the courts as a written agreement between Chou and BTT, an attempt by BTT to avoid this contract under the doctrine of mistake would likely fail. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this...
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  • LAW 421 Theory to Practice
    , that this e-mail does constitute an agreement, what consideration supports this agreement? In order for a contract to be binding, it must be supported by agreement and consideration. The promise (Chou) was willing to give up something of value (his game) and the promisor’s (BTT) promise was part...
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  • Big Time Toymaker V. Chou
    been more specific in their emails saying that Chou should still have to draft a contract agreement and that the email was not enough for the contract. In this scenario BTT would have a chance at voiding the contract. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what...
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  • Week 4 Toymaker
    be dropped since BTT wanted out of the contract Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? Chou would benefit by having his product distributed for sale throughout the network of retail and wholesale outlets that BTT as a board...
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  • Bigtoymaker Law421
    with the facts. There wasn’t an agreement in place because Chou didn’t show the agreement after the 90 day period. However, Chou could argue that an agreement wasn’t reached because of the time that had elapsed between the two parties. 6. Assuming, arguendo, that this e-mail does constitute an...
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  • LAW 421 WEEK 4
    doctrine. Chou could have said there is no deal with the whole entire time wasted of the facts that come out to be in the contract. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? There is 4 answers to this:   1. BTT gave the money to...
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  • Big Time Toymaker Case Scenario
    terms and conditions. Chou could argue that there was no existed agreement due to the time passed between communications of the two parties involved. 6. Assuming, arguendo, that this e-mail does constitute an agreement, what consideration supports this agreement? The fact that BTT gave a check for...
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