Question
read nd answer the question 1.A manufacturer delivers a new tractor to Farmer Ted on the first day of the harvest season. But the tractor
read nd answer the question
1.A manufacturer delivers a new tractor to Farmer Ted on the first day of the harvest season. But the tractor will not start. It takes two weeks for the right parts to be delivered and installed. The repair bill comes to $1,000. During the two weeks, some acres of Farmer Ted's crops die. He argues in court that his lost profit on those two acres is $60,000. The jury awards the full $1,000 for the tractor repairs, and $60,000 for the lost crops.Identify the two types of awards.Is it fair that Farmer Ted received 60 times the value of the repair bill for his lost crops?
2.Assume that the UCLA Bruins football team is on the verge of winning the PAC10 conference title, which will guarantee the team a trip to the Rose Bowl, one of the most prestigious of postseason contests.By coincidence, representatives of the PAC10 are renegotiating a contract with the Big Ten, the other conference that sends a team to the Rose Bowl.The existing contract requires the school that represents the PAC10 in the game to supply to the team that represents the Big Ten 4,000 tickets to the game, for use by fans, alumni, and so on.Demand for this year's tickets is already huge.The University of Wisconsin Badgers is the team representing the Big 10 conference.UCLA is not sure it can supply the 4,000 tickets and does not want to be sued by disappointed Wisconsin fans.The danger is that Badger supporters might book trips to California relying on the guaranteed 4,000 tickets, discover that they have no game tickets, and sue UCLA as third-party beneficiaries.UCLA has spoken to the PAC10 representative about a change in the contract, but she insists that it is only fair for the PAC10 to do its best to supply the 4,000 tickets to the Big Ten.Assume that you are representing UCLA in this controversy.Please draft a proposed contract clausethat (a) obligates the PAC10 conference school to supply tickets to the Big Ten conference school but (b) makes it clear that the contract is not intended to benefit anyone other than the two schools.In other words, the contract should prevent third-party beneficiary claims.
3.Explain the differences between assignment and delegation with respect to performance of contracts.
Previous
Next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started