Big Time Toymaker Scenario Angela Brinnen LAW 421 August 4‚ 2014 Barry Preston Big Time Toymaker Scenario At what point‚ if ever‚ did the parties have a contract? After carefully reviewing all of the information about the case of Big Time Toymaker (BTT) and Chou‚ I have found that there were two different contracts in place. In the text it describes a contract as “a promise or set of promises enforceable by law” (Melvin‚ 2014)‚ these contracts can be oral or written. The first contract in place is
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Case Scenario: Big Time Toymaker LAW/421 Case Scenario: Big Time Toymaker Big Time Toymaker (BTT) develops‚ manufactures‚ and distributes board games and other toys in North America‚ Chou is the inventor of a new strategy game he calls Strat. BTT had an interest in distributing Strat and entered into an agreement with Chou‚ offering him $25‚000 in exchange for exclusive negotiation rights for a 90-day period. This agreement stipulated that no distribution contract existed unless it was in writing
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Big Time Toymaker LAW/421 May 20‚ 2014 Aileen S. Azadian Question 1 At what point‚ if ever‚ did the parties have a contract? Answer: Big Time Toymaker and Chou had an oral contract. In a meeting that included Big Time Toymaker and Chou an agreement was reached. Additionally‚ an e-mail was sent by Big Time Toymaker to Chou that confirmed the terms of the agreement that were discussed during the meeting. Question 2 What facts may weigh in favor of or against Chou in terms of the parties’
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Big Time Toymaker 1. At what point‚ if ever‚ did the parties have a contract? According to the scenario‚ both Big Time Toymaker and Chou did partake in an oral contract. During the meeting both parties reached an oral distribution agreement‚ and a confirmation of the terms of the agreement was sent by e-mail. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The facts in favor of Chou would oral agreement and email he received from
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Case Scenario: Big Time Toymaker Rhonda Burrows Case Scenario: Big Time Toymaker We were asked to answer questions one through six based on the scenario in the “Theory to Practice” section‚ and to include the following in our response: 1. At what point‚ if ever‚ did the parties have a contract? My Answer: When both parties agreed Big Time Toymaker (BTT) and Chou agreed to the terms‚ obligations‚ which covered intent‚ and followed through when BTT paid Chou $25‚000 in exchange for exclusive
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Big Time Toymaker Helen Latscha Elizabeth Martin John Hong David Cho LAW/421 Week 4 November 19‚ 2014 Dr. Mark Pugatch BS‚ MBA‚ JD Big Time Toymaker According to Melvin‚ 2011 “an agreement may result in a binding contract‚ whether it is an oral or written agreement between parties”. Big Time Toymaker (BTT) had shown interest in the new strategy game developed by Chou‚ called Strat. There were oral agreements for exclusive distribution rights‚ but had stipulations that it must be in writing. There
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1. At what point‚ if ever‚ did the parties have a contract? I believe that there were two contracts made in this scenario. The first one was the verbal contract that sated that the stipulations of price and the fact that there needed to be a written contract before distributing the product. The email‚ since it was in writing can also count as a written contract; both parties had knowledge that there would be some sort of written agreement. Chou was in the right to think that the email stating the
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parties‚ there was no legally binding contract present. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? I would have to say that the facts weigh in favor of Chou in the sense that BTT showed big interest by the initial $25‚000 agreement for the negotiation rights. Next‚ the oral agreement that was met between the two parties. Finally‚ the follow-up email sent to Chou which entailed what would be included in a contract. Although there may
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In this document of LAW 421 Week 4 Big Time Toymaker you will find the next information: Read the “Theory to Practice” section at the end of Ch. 6 of the text. Answer Questions 1 through 6 based on the scenario in the “Theory to Practice” section‚ and complete the following in your response: At what point‚ if ever‚ did the parties have a contract? What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? Does the
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Case Scenario: Big Time Toy Market LAW/421 Tuesday November 12th‚ 2013 Case scenario: Big Time Toymaker Read the “Theory to Practice” section at the end of Ch. 6 of the text. Answer Questions 1 through 6 based on the scenario in the “Theory to Practice” section‚ and complete the following in your response: At the end of the scenario‚ BTT states that it is not interested in distributing Chou’s new strategy game‚ Strat. Assuming BTT and Chou have a contract‚ and BTT has breached the contract
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