This is your third life skills assignment. For this assignment you will continue to work with the case of The Church of Narnia v. The ABCD Company, introducted in the first life skills assignment. Using the research you previously conducted (and the cases you found) for Life Skills Assignment Number 2, you must write a one to two page memorandum predicting the outcome of the The Church of Narnia v. The ABCD Company. Feel free to conduct additional research if necessary. Make sure that your memos include not only your conclusions but your reasons for who you predict will win this case.

The Church of Narnia vs. ABCD Company: Six months ago the CEO for ABCD Company sent a letter to the Bishop for the Church of Narnia pledging a $5,000,000.00 donation to the Church. Upon receipt of this news, the Bishop contacted ABCDs CEO who re-assured the Bishop that the Church would be receiving a check for this amount within the ensuing four to six weeks. The Bishop, who for several years badly wanted to expand the Church in order to increase its congregation, immediately hired an architect and paid him $200,000.00 to design the new ambitious project. The Bishop was in love with the architects design, so he quickly hired a general contractor for $1,000,000.00 to start the building process. In addition to the $1,000,000.00 for the labor, the Bishop paid another 3,000,000.00 for the tools and materials needed for the project. On week five after receiving the letter and first speaking to ABCDs CEO on the phone, the bishop called ABCD 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 Bishop engaged in this ambitious construction project was because of the extra money he was counting on getting from ABCD since the Churchs structure did not need it to continue its regular operations. The CEO at that point told the Bishop that soon after committing to donate the money, ABCDs finances started going terribly wrong and as such at this point they were not able to make a donation to the church. The Bishop is now demanding that ABCD still true to its word and give the church the donation.