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LAW/421. Which laws are related to Grocery Inc. and the vendors? Laws that govern contracts State Common Law State Statutory Law Goods vs. Services Location.

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Presentation on theme: "LAW/421. Which laws are related to Grocery Inc. and the vendors? Laws that govern contracts State Common Law State Statutory Law Goods vs. Services Location."— Presentation transcript:

1 LAW/421

2 Which laws are related to Grocery Inc. and the vendors? Laws that govern contracts State Common Law State Statutory Law Goods vs. Services Location

3 Renovations contract is between Grocery Inc. and Company A Lawsuit over contract Breach of contract Specific performance Impracticability

4 Contractual obligations of a minor Voidable contract Possible outcomes: Disaffirm Approve

5 Gap Filler Allocation of Risks Contract Required Title Risks of Loss Perfect Tender Rule

6 Breach Promissory Estoppel

7 Shipment Contract F.O.B. terms Risk of Loss

8 Contract Terms Sales Contracts Written contracts Oral contracts

9 Melvin, S. P. (2011). The legal environment of business: A managerial approach: Theory to practice. New York, NY: McGraw-Hill/Irwin.

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