This website uses cookies to ensure you have the best experience. Learn more

Big Time Toy Maker Case Scenario

521 words - 3 pages

Case Scenario: Big Time Toy Maker
LAW/421
May 5, 2015

Case Scenario: Big Time Toy Maker

At what point, if ever, did the parties have a contract? The two parties, Big Time Toymaker and Chou entered into a contract when they came to the initial agreement where Big Time would pay $25,000 for exclusive negotiation rights for a 90 day period.
What facts may weigh in favor or against Chou in terms of the parties’ objective intent to contract? The biggest factor in favor of Choe is that in the initial exclusive negotiation agreement, it was stated that no distribution contract existed unless it was in writing. Even though Chou never drafted an actual contract, the manager of Big Time sent an email with all of ...view middle of the document...

If this contract is found to fall in this category, which it may since the value is over five hundred dollars, it may be found invalid. Now, depending on what state, the fact that both parties responded via e-mail, their name signed at the end may be considered an electronic signature, thereby making this contract valid.
Could Big Time avoid this contract under the doctrine of mistake? Explain. In Doctrine of Mistake, certain contracts can be voidable if certain facts that were believed in the early stages are found to be false later on. I do not think Big Time can avoid this contract, because all of the facts were laid out in detail in the beginning and nothing has been found to be false.
Assuming, arguendo, that this email does constitute an agreement, what consideration supports this agreement? Both parties replied via email stating agreement and consideration. Both parties seemed to exhibit contractual capacity and this game appears to be a lawful object. These four parts to a contract are clear cut and support the agreement. The only issue that I see may be a problem is that there is no typical signature on either side, but in this day of technology, your response and name on your e-mail may be considered an electronic signature.
Remedies that might or might not apply. If it is proven that Big Time has violated the terms of this contract, Chou can pursue legal action in a court of law. To avoid this , Big Time may come to another agreement that might not be as costly as the original deal, but may satisfy Chou to keep from an expensive legal battle in court. To avoid this in the future, both parties may want to draw up an actual written contract immediately after coming to any agreement.

Other assignments on Big Time Toy Maker Case Scenario

Matel Case Study

978 words - 4 pages Mattel, Inc: The Lead Paint Recall Ron Montalto tossed the newspaper onto a growing pile. The Sept 22, 2007 Wall Street Journal headline read “Mattel Seeks to Placate China With Apology.” The headlines in the stack of papers told the story: Mattel Announces Third Toy Recall – CNN Money (Sept 5, 2007) Mattel Does Damage Control After New Recall - Wall Street Journal (Aug 15, 2007) Owner of Chinese Toy Factory Commits Suicide – New York

Ops571 Essay

1025 words - 5 pages this case to the relevant authorities. The second element of this case is the question “does the plaintiff reaction meet the reasonable person standard?” The plaintiff reaction is not that of a reasonable person because he should have anticipated what the consequences of the harassment he was experiencing, and put a stop to it at an earlier time rather than start blaming his peers when the damage is already done. The other element is whether a

Mike Bellobuono Case

1023 words - 5 pages The write-up case: Mike Bellobuono Recommendation: In my opinion Mike Bellobuono should not choose to franchise. If Mike accepts Fred Deluca’s offer and franchises there are some risks that Mike must consider. One of the risks is that Bagelz could end up being an extension of Fred Deluca’s empire and in the worst case scenario Mike could lose control of the whole operation. All employees in Bagelz should have the same guidance and they

Business Strategy Paper

1303 words - 6 pages Running head: MARKETING & CUSTOMER RELATIONSHIP CONCEPT WORKSHEET Marketing & Customer Relationship Concept Worksheet University of Phoenix Dr. Ron Morritt MBA 570 May 24, 2008 |A: Concept |B: Application of Concept in Scenario |C: Citation of Concept in|D: Personal Experience in your| | | |Reading

1-Year Marketing Plan

1789 words - 8 pages because if our products are not priced appropriately and provide a convenience, the other products will hurt us. Substitute products include similar appliances, fast food chains, and/or convenient stores. Getting retail space in the big box stores is also a threat. If we do not maintain good relationships with the stores and provide on time deliveries with few defects we could lose our shelf space to someone else. Market Objectives Product

The Myths Within Different Cultures Cosmic Creation

1329 words - 6 pages society world The Pachacamer is the Inca maker, of the maker of people. Although the myths of the Navajo maker has already started creating people, in the world as the Navajo myths describe. With the Navajo society was the first to have people, which men and women they name gods Coyote, First Man, and First Woman. (Pg.39-40Scott A. Leonard, Michael McClure, 2003). The Inca maker name Pachacamac was by his self and did not want to be by

Vwebe

1049 words - 5 pages the interest rate is paid monthly on top of the amount which paid back originally. The type of mortgage I recommend for the first scenario would be a discounted rate mortgage for the young couple as they are first time buyers, which means they’re not aware of the policies which a mortgage would consist of. Within the scenario they stated between them both they were managed to save and deposit £10,000 in the interior of a savings account. Overall

Big Data Analytics

7653 words - 31 pages . By Variety, they usually mean heterogeneity of data types, representation, and semantic interpretation. By Velocity, they mean both the rate at which data arrive and the time in which it must be acted upon. While these three are important, this short list fails to include additional important requirements such as privacy and usability. The analysis of Big Data involves multiple distinct phases as shown in the figure below, each of which

The Lego Group

3407 words - 14 pages and are not afraid to initiate court proceedings against LEGO patents. The toy company Tyco Toys produced such bricks for a time. Other competitors include Mega Bloks, Best-Lock and Coko. These competitor products are typically compatible with LEGO bricks, and are marketed at a lower cost than LEGO sets. Best-Lock and Mega Bloks are two of the major competitors that eagerly fight for market shares on the toy construction market. Mega Bloks started

Consumers Receive More Benefit Than Risk From Marketers Knowing Their Personal Information

1950 words - 8 pages pharmaceuticals of up to a hundred and fifty drugs. Its operations are global with major supplies in oral contraceptives and narcotic painkillers. The Watson Pharmaceuticals acquired this company in 2006 which resulted in broadening of its product diversity and other growth opportunities. Why would the drug maker want to stymie generic competition? Explain. In a case involving the two companies, Aventis brought a suit against Andrx for patents infringement

Global Supply Chain Management

1595 words - 7 pages and Failures Western Publishing-Golden Books: Western Publishing is using VMI for its Golden Books line of children’s books at several retailers. POS data automatically triggers re-order when inventory falls below a recorder point. This inventory is delivered either to a distribution center, or in many cases, directly to the store. Ownership of the books shifts to the retailer once deliveries have been made. In the case of Toy R Us, the company

Similar Documents

Etch Essay

683 words - 3 pages Etch-A-Sketch Ethics. Summary. The case describes the decision by Etch-A-Sketch to move its production from Ohio to China. The Ohio Art Company was perhaps well known to be one of the top selling toys producing company of all time. In the 1990s, Etch-A-Sketch, the maker of the popular drawing board, was faced with a sluggish toy market and strong pressure to keep prices low. Consequently, the company made the unpopular decision to outsource

Marketing Toy Industry Essay

266 words - 2 pages Base on the situation when there is little knowledge on what the new trend of toy is, it is wise to rely on the new product concept in the beginning. According to the case, the toy developer has formed some basic ideas of what she is looking for in a new toy: genuinely fun and secretly educational. However, she does not know how to make it come true and what will become attracted to kids. The new product concept will help solve partly of the

Mercedes Goes After Young Buyers Essay

556 words - 3 pages Case: Specialty Toys Specialty toys, Inc., sells a variety of new and innovative children’s toys. Management learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, it chooses an October market entry date. In order to get toys in its stores by October, Specialty places one time

Purchasing Ethics Essay

1322 words - 6 pages Purchasing Ethics CASE Scenario 1 Bryan Janz was just arriving back from lunch when his office phone rang. It was his wife, Nina, calling from home. Nina told Bryan that FedEx had just delivered a package addressed to her. The package contained a beautiful clock now sitting over the fireplace. In fact, Nina said, “the clock looks absolutely beautiful on our living room fireplace”. Thinking the clock was from a family member, Bryan