Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is your third life skills assignment. For this assignment you will continue to work with the case of The Church of Stranger Things v.

This is your third life skills assignment. For this assignment you will continue to work with the case of The Church of Stranger Things v. The FUN Company, introduced in the first life skills assignment. Using the research you previously conducted and the cases you found, write a one to two page memorandum discussing the legal issues and predicting the likely outcome of the The Church of Stranger Things v. The FUN Company. Feel free to conduct additional research if necessary. In order to receive full credit you must also prepare a comprehensive powerpoint presentation summarizing the findings of your memos.

The Church of Stranger Things vs. FUN Company: Three months ago the CEO for FUN Company sent a letter to the Pastor for the Church of Stranger Things pledging a $3,000,000.00 donation to the Church. Upon receipt of this news, the Pastor contacted FUNs CEO who re-assured the Pastor that the Church would be receiving a check for this amount within the ensuing four to six weeks. The Pastor, who for several years had wanted to expand the Church in order to increase its congregation, immediately hired an architect and paid him $400,000.00 to design the new ambitious project. The Pastor was in love with the architects design, so he quickly hired a general contractor for $750,000.00 to start the building process. In addition to the $750,000.00 for the labor, the Pastor paid another 1,100,000.00 for the tools and materials needed for the project. Five weeks after receiving the letter and first speaking to FUNs CEO on the phone, the bishop called FUN because he was nervous about the fact that he had not received the check and he had already incurred such significant expenses. Note that the only reason the Pastor engaged in this ambitious construction project was because of the extra money he was counting on getting from FUN since the Churchs structure did not need it to continue its regular operations. The CEO at that point told the Pastor that soon after committing to donate the money, FUNs finances started going terribly wrong and as such at this point, they were not able to make a donation to the church. The Pastor is now demanding that FUN still true to its word and give the church the donation.

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

The Financial System Financial Regulation And Central Bank Policy

Authors: Thomas F. Cargill

1st Edition

1107035678, 9781107035676

More Books

Students also viewed these Finance questions

Question

=+what you can edit out yet still get the message across.

Answered: 1 week ago

Question

=+3. How could you extend the campaign creatively?

Answered: 1 week ago