Contractual Agreements and the Role of Business Law Assignment

Assignment Task

Questions

1. As a business owner, in practice, you will face many contractual obligations in addition to enforcing obligations from contracts you are involved with. Understanding the terms of contracts is important to your business relationships.

2. Distinguish time clauses from conditions and name the types of time clauses.

3. Refer to the Raubex case. Identify the kind of time clause evident and cite the repercussions.

4. Briefly explain the two-pronged test for fairness. What factors contributed to the department’s noncompliance with the time clause? Was this justifiable?

5. After intensive market research and having saved enough money to open your own food delivery service, you enter into a contract with a fresh produce caterer. The caterer agrees to supply all the healthy dishes for brand exposure and at a small percentage coming to you. 

Healthy dishes have become in demand and the caterer is a social media sensation. Consequently, the caterer decides to partner with a food truck franchise without informing you. The situation escalates when the caterer does not cancel the agreement entered with you.

6. Discuss the breach of contract and all the remedies that may be explored due to the breach. Determine the remedy that best suits your situation.

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