Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Law Susan was set to graduate from Baruch College in June 2022 with a degree in finance. While pursuing her degree, Susan had been

Business Law

Susan was set to graduate from Baruch College in June 2022 with a degree in finance. While pursuing her degree, Susan had been employed at the Chloe & Benjamin Accounting Firm since June 2016. On May 31st, 2022, she quit her job with the firm to start his own accounting practice. On the same day, she orally agreed to rent a space with the XYZ Realty Corp on the first floor of a brownstone in Brooklyn, NY. Her one-year lease would begin on July 1, 2022.

On May 31st, Susan also hired Valentina, a fellow Baruch College graduate, as a bookkeeper for a one-year period starting on July 1, 2021. Because Susan and Valentina knew each other from their student days at the College, the two made their employment arrangements over the telephone.

Also, on May 31st, busy day, over telephone, Susan ordered from Jules, the manager at Office-to-Go, office equipment including an IBX computer, a XRX copier machine and ScanTap scanner, as well as office furniture for a total cost of $5,750. Jules informs Susan that the delivery of the order will be made on July 1st. Because Jules had been Susans roommate when the two were Baruch students, Jules agreed to waive the Office-to-Go policy that all sales in excess of $200 be made in writing.

On June 15th, Susan was informed that she had been awarded a prestigious Madsen Scholarship in forensic accounting. The scholarship, which starts in August 2021 will require that Susan spend time overseas in Denmark. Before Susan accepts the scholarship, she approaches you to advise him as to whether she can avoid liability on any of the three contracts by using the defense of the Statute of Frauds.

Question 1A

Explain whether XYZ Realty will be able to enforce the contract against Susan if she pleads the Statute of Frauds.

Question 1B

Explain whether Valentina will be able to enforce the contract against Susan if she pleads the Statute of Frauds.

Question 1C

Explain whether Office-to-Go will be able to enforce the contract against Susan if she pleads the Statute of Frauds.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Derivative Products And Pricing The Das Swaps And Financial Derivatives Library

Authors: Satyajit Das

1st Edition

0470821647, 9780470821640

More Books

Students also viewed these Finance questions