Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Candice Harley owns a craft store. On a recent buying trip to Miranda, she located a vendor who manufactures bat houses that have been carved

Candice Harley owns a craft store. On a recent buying trip to Miranda, she located a vendor who manufactures bat houses that have been carved from a single piece of wood. The woman who makes these bat houses is named Rachelle Vendor. Candice believes that she could probably sell 10 or 20 of these bat houses per week. She negotiates a purchase price of $9 for each bat house. Rachelle has some conditions that she would like to insert into their written contract. She wants a provision that states that she has the right to terminate the contract should the lumber that she uses be declared illegal, or if the price of his lumber increases by more than 20%. Also should there be a dispute, she wants some form of 3rd party meditation. She also wants any court action to be based on the laws of Massachusetts. Rachelle has recently heard that the Italian wood that she uses for her bat houses has recently been placed on the Endangered Species List.

She wants to make sure, should the wood not be available, that she will have a remedy for any breach that Candice may claim. Candice would like to receive 200 bat houses within sixty days of the contract date. She would then like to receive 100 bat houses by the first day of each succeeding month, until a total of 1000 bat houses have been delivered. She will make payment by a certified check within 10 days of delivery. Candice is concerned about the quality of the bat houses and wishes to insert a contract provision that allows her to reject specific bat houses if she feels that some of them do not meet her specifications. Rachelle and Candice have worked out an overall list of specifications, which will be attached to the contract. You do not need to create this list of specifications, but you do need to refer to it in the contract itself.

Draft a contract that clearly establishes the agreement between Rachelle and Candice.

Protection for both parties in your contract, add conditions, clauses, and issues for resolution for any dispute of the contract and whatever contract law/ clauses, you think should be included to protect the parties. Use correct format……use numbered clauses that separate each specific clause…make sure to add breach issues and remedies.

Step by Step Solution

3.55 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

The contract of partnership is executed between Ms Rachelle resident of ABC and Ms Candice of Mirand... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial accounting

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

1st edition

471467855, 978-0471467854

More Books

Students also viewed these General Management questions

Question

4. Utilize perceptual mapping to present research findings.

Answered: 1 week ago

Question

comparision between Nessus OpenVAS Qualys

Answered: 1 week ago