Sign In
Not register? Register Now!
Essay Available:
You are here: HomeEssayBusiness & Marketing
Pages:
3 pages/≈825 words
Sources:
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 12.96
Topic:

Big Time Toymaker (Essay Sample)

Instructions:

Theory to Practice is a scenario featuring Big Time Toymaker commonly known by the acronym BTT. This company develops, manufactures, and finally distributes board games. The company was involved in an agreement with an independent inventor by the name Chou. Chou invented an innovative strategy game named Strat which he wanted BTT to distribute. However after over 90 days, BTT breached the agreement and it no longer valued distributing the Strata. Therefore, this literature seeks to establish whether there existed a contract between BTT and Chou, and also what remedies may escalate by answering a number of questions following questions.

source..
Content:
Big Time Toymaker
Name:
Institution affiliation

Introduction
Theory to Practice is a scenario featuring Big Time Toymaker commonly known by the acronym BTT. This company develops, manufactures, and finally distributes board games. The company was involved in an agreement with an independent inventor by the name Chou. Chou invented an innovative strategy game named Strat which he wanted BTT to distribute. However after over 90 days, BTT breached the agreement and it no longer valued distributing the Strata. Therefore, this literature seeks to establish whether there existed a contract between BTT and Chou, and also what remedies may escalate by answering the following questions.
At what point, if ever, did the parties have a contract?
A contract is basically a written or verbal legal agreement involving two or more parties. Consequently, an agreement is either written or verbal legal contract involving two or more parties. For either an agreement or a contract to exist, there should be three main elements namely; the offer, an acceptance, and a consideration. With regard to provisions in the case, it is evident that both Chou and BTT had a meeting whereby an offer was made to Chou after which he was paid $25,000. Moreover, he accepted the exchange. Melvin (2011) claimed that “BTT was interested in distributing Strat and entered into an agreement with Chou whereby BTT paid him $25,000 in exchange for exclusive negotiation rights for a 90-day period” (P. 155). Owing to the above alluded facts, it is lucid to conclude that the provisions in the case constitute a legal contact.
What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract?
The following factors weigh in favor of Chou; [1] the e-mail by BTT’s manager undoubtedly indicates terms of distribution of a contract, and [2] BTT’s demand for the draft of the contract even after 30 days indicated that BTT actually intended to honor the deal at whatever time. However, facts against Chou are; [1] Chou never sent the draft of the contract as required, [2] Chou perceived that the ...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Ford Company
    Description: This paper bravely provides detailed information about its performance, management and its challenges...
    10 pages/≈2750 words| APA | Business & Marketing | Essay |
  • The CEO and Organizational Culture Profile
    Description: Culture and Diversity Business and Marketing Essay Undergraduate level...
    4 pages/≈1100 words| APA | Business & Marketing | Essay |
  • BUSINESS PLAN FOR CAKES AND PASTRIES BUSINESS
    Description: BUSINESS PLAN FOR CAKES AND PASTRIES BUSINESS Business & Marketing Essay...
    15 pages/≈4125 words| 13 Sources | APA | Business & Marketing | Essay |
Need a Custom Essay Written?
First time 15% Discount!