• Big Time Toy Maker
    the oral agreement between Chou and BTT. 2. What facts may weigh in favor of or against Chou in terms of the parties objective intent to contract? The e-mail from the BTT manager confirms the distribution contract exists and also that an oral agreement was reached. BTT also sent...
    Premium 420 Words 2 Pages
  • Big Time Toy
    facts may weigh in favor of or against Chou in terms of the partiesobjective intent to contract? - Even though there were terms and agreements reached and an agreement was drafted there was never anything signed. As stated in the original negotiating terms a distribution agreement must be in...
    Premium 405 Words 2 Pages
  • week 2
    email reiterated the main elements of the agreement. The elements included fees, the rights and responsibilities of both parties, and the length of time the project should be done.” This is when the contract became legal binding. 2. What facts may weigh in favor of or against Chou in terms of the...
    Premium 634 Words 3 Pages
  • LAW/421 Week Three Case Scenario Big Time Toy Market
    happen. § 2-206 said that either or party should follow up on the obligations of agreement or contract and none did so now under new management contract never existed do to not following up properly. 2. What facts may weigh in favor of or against Chou in terms of the partiesobjective intent...
    Premium 543 Words 3 Pages
  • Big Time Toymaker V. Chou
    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 key terms and agreements counts as a contract. 2. What facts may weigh in favor of or against...
    Premium 943 Words 4 Pages
  • LAW 421 WEEK 4
    but in the end there came out to be no contract. As it came out to be with no legal signatures from either of the sides then there was nothing to keep. 2. What facts may weigh in favor of or against Chou in terms of the partiesobjective intent to contract? The favor goes to Chou because BTT...
    478 Words 2 Pages
  • Law 421
    no legally binding draft and the signature of both sides present, no agreement existed. What facts may weigh in favor of or against Chou in terms of the partiesobjective intent to contract? BTT had paid out Chou $25,000 for the unique negotiation legal rights to his board game, and this...
    Premium 952 Words 4 Pages
  • Big Time Toymaker
    strategy game called Strat, the 2 parties became bound by the agreement’s terms. In addition, the agreement met the other 3 requirements of consideration, capacity, and legality for the formation of a valid contract. There are several factors that will weigh in favor of Chou such as the offeror; Big Time...
    Premium 1420 Words 6 Pages
  • Case Scenario
    passed by. This passage of time voided any previous agreement because of the 90-day clause to finalize the contract. What BTT and Chou had was not a binding or enforceable contract. 2. What facts may weigh in favor of or against Chou in terms of the partiesobjective intent to contract? The...
    Premium 1227 Words 5 Pages
  • Business
    contract? Question 2 What facts may weigh in favor of or against Chou in terms of partiesobjective intent to contract? Facts show that BTT sent an email with a subject heading of Strat Deal with information stating that Chou and BTT have reached an agreement. The writing states that after...
    Premium 1468 Words 6 Pages
  • Theory to practice
    contract. BTT also sent a fax to Chou a month after the 90day period passed requesting the draft to be sent. This action also showed intent to contract. What weighs in Chous favor in terms of parties objective to contract is the fact that BTT paid him. They exchanged money for exclusive negotiating...
    Premium 794 Words 4 Pages
  • law421 week 3
    distribution which would weigh in Chou's favor. If it were strictly a verbal agreement Chou wouldn't have any proof in their intent to distribute his game, the email stated terms of contract so in my opinion there would be no fraud in this case, the statute states as long as there is a written contract that...
    Premium 683 Words 3 Pages
  • Week 4 Toymaker
    BBT manager sent to Chou. Finally, distribution of Strat would have exceeded the 500.00 limit (Amended UCC § 2-201(1)) of the Statute of Frauds.  The fact that may weigh against Chou is that the contract never had an actual signature on it. Does the fact that the parties were communicating by e-mail...
    Premium 890 Words 4 Pages
  • The color
    amount of $25,000 paid to him by BTT for an exclusive negotiation agreement. With this payment and negotiation it is suggested that BTT had the intent to create a contract with Chou. A fact that can weigh against Chou is that he assumed that the email could be used as a contract between the two...
    Premium 446 Words 2 Pages
  • Law 421 Week 4
    intention to agree, it is immaterial what may be the real but unexpressed state of his mind (Melvin, 2010). According to the theory practice, the contract between Big Time Toymaker (BTT) and Chou was a verbal contract. While there was an email confirming the terms of agreement, this contract was never...
    Premium 833 Words 4 Pages
  • Business
    email would work in his favor because it outlined the oral contract the two parties agreed upon. This would show the courts that BTT definitely had serious intent to form a contract with Chou. The part that may work against Chou is that he assumed the email to be the contract with BTT and then allowed...
    Premium 403 Words 2 Pages
  • Social Science
    does not find any terms or part of contract ambiguous or vague, parol evidence is not admissible. 2. Corbin view: judge must hear all evidence to determine partiesintent and then exclude parol evidence that contradicts the contract as appropriate. Court may admit parol evidence for...
    Premium 13650 Words 55 Pages
  • Lucy V. Zehmner
    above apply, the additional terms will be considered part of the contract. With respect to the Lucy v Zehmer decision, which we may not discuss until next week, please answer the following questions: 1. What was the decision in the Virginia trial court? – In favor of Zehmer (since Lucy appealed...
    Premium 1310 Words 6 Pages
  • Miss
    . Intent is determined by the objective theory of contracts. That is, it is judged by outward, objective facts as they would be interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. These facts include what the party said, how he or she acted or appeared...
    Premium 20203 Words 81 Pages
  • Contracts 2
    or implied (implied in fact) from the parties conduct; therefore, there is a duty to perform • An express condition may include any of the types of conditions: 1. Condition Precedent • A condition precedent is any event, which must occur BEFORE performance under a contract is due. • It...
    Premium 10629 Words 43 Pages