OnJune1.Maria,aged17.achildprodigyentrepreneur,agreestobuyajob-searchwebsite businesscalledBigBucksforYoung TurksfromBill,aged21,for$5,000.Thewebsitepermittedemployerstopostjobssuitableforentry-levelpositionsforasmalladvertisingfee,whichallowsjobseekerstosearchforfree. BilltellsMariathatthe basisforsuccessinthatmanyjobseekersfromothercountriesfindoutaboutjobsandcomesillegalimmigrantshopingtogetlandedimmigrantstatusiftheycanstay longenoughbeforegettingcaught. MariagetsBilltoagreethathewillneveragainopenajob-searchorsimilarbusinessincompetitionwithher.Billagreesbutsays,Thisisjustanagreementbetweenyouandmeandweagreed neithercansuetheother;wearehonestpeopleanddonotwantlawyersandcourtsinvolved Mariaagreesandgivesadepositof$500.Thedealisscheduledtoclosein30days. Thenextday,Sally,aged21,hearsofMaria'sdealandasks Mariatosellthedealtoherfor$7,000.Mariaisdelightedaboutmaking$2,000profitinonedayandsignsanagreementtogivethedealto Sallyfor$7,000,which Sallypays toMariaimmediately.a)Identifyallthelegalissuesraisedintheabovequestion.b)CanBillenforcetheJune1agreementagainstMaria?c)CanMariasellherdealtoSally?Whatisthelegalcriteriaforthesellingofthisdeal?Whatsteps, ifany,mustMariataketomakecertainthatthesaletoSallyisproperinlaw?
Question:
OnJune1.Maria,aged17.achildprodigyentrepreneur,agreestobuyajob-searchwebsite
businesscalledBigBucksforYoungTurksfromBill,aged21,for$5,000.Thewebsitepermittedemployerstopostjobssuitableforentry-levelpositionsforasmalladvertisingfee,whichallowsjobseekerstosearchforfree.
BilltellsMariathatthe basisforsuccessinthatmanyjobseekersfromothercountriesfindoutaboutjobsandcomesillegalimmigrantshopingtogetlandedimmigrantstatusiftheycanstay longenoughbeforegettingcaught.
MariagetsBilltoagreethathewillneveragainopenajob-searchorsimilarbusinessincompetitionwithher.Billagreesbutsays,"Thisisjustanagreementbetweenyouandmeandweagreed neithercansuetheother;wearehonestpeopleanddonotwantlawyersandcourtsinvolved Mariaagreesandgivesadepositof$500.Thedealisscheduledtoclosein30days.
Thenextday,Sally,aged21,hearsofMaria'sdealandasks Mariatosellthedealtoherfor$7,000.Mariaisdelightedaboutmaking$2,000profitinonedayandsignsanagreementtogivethedealto Sallyfor$7,000,which Sallypays toMariaimmediately.a)Identifyallthelegalissuesraisedintheabovequestion.b)CanBillenforcetheJune1agreementagainstMaria?c)CanMariasellherdealtoSally?Whatisthelegalcriteriaforthesellingofthisdeal?Whatsteps,
ifany,mustMariataketomakecertainthatthesaletoSallyisproperinlaw?
Expert Answer:
