Read the case study below, and create an approximate 1 page response detailing IRAC for each of the following 3 contracts.

Barbara is a successful business woman. Her well-known business makes and installs office furniture and equipment in large organisations. Owing to her success, she is often subject to pressure when negotiating business deals, as other parties are aware that she can often afford to pay large sums of money. Barbara accepts that this is part of business, but is particularly concerned in relation to a few contracts.

CONTRACT 1

Contract one is for the sale and installation of office furniture. Tobias, the buyer, has sent Barbara a personal email which states You must sell and install top of the range furniture in our offices at cost price or your family will be in danger. Barbara went ahead and did what Tobias asked, because she felt like she had no other alternative but to do so in order to protect her family.

CONTRACT 2

Contract two is between Barbara and her lawyer. Barbaras lawyer has been persuading Barbara to enter into a contract which she feels isnt very advantageous to her. Barbaras lawyer has pestered Barbara over a sustained period of time and Barbara has felt pressure to take the contract in order to keep a good working relationship with her lawyer.

CONTRACT 3

Contract three is between Barbara and one of her suppliers. Barbara desperately needs the materials from the contract in order to use them in another contract. The suppliers are refusing to give Barbara the goods unless she pays them double the price. There are no other suppliers of these goods, therefore Barbara pays the price.