Contract Essays

1. Is Coconut’s February 1, 2012, arrangement with Buffett within the scope of ASC 985-605? ASC 985 -605 Software — Revenue Recognition “provides guidance on when revenue should be recognized and in what amounts for licensing, selling, leasing, or otherwise marketing computer software.” It defines “ Software arrangements range from …

1) Advice Jason Miao whether he can go back on his promise of paying the extra $5,000. Jason Miao and Damien has concluded a contract to construct a swimming pool at the cost of $30,000 payable on completion of the work, which was not in dispute by either parties. After …

Often times in life we come to a point where negotiations must take place in order to resolve issues that have come between contracted parties. In 2001 I formed a partnership with a local group of entrepreneur’s to open a new restaurant. They owned the property, financed the building and …

1. What is the legal issue in this case? Linda Dillon appealed her case against her employer, Champion Jogbra, on the grounds of wrongful termination. The company’s progressive policy for disciplinary action was not applied. Therefore, Dillon makes her claim that her at will status was modified according to the …

Wally owns Windy City Watches in Chicago, Illinois. He needs to buy knockoff Rolexes from a wholesaler, Randy, in Milwaukee, Wisconsin. Wally and Randy discuss terms via telephone and agree Wally will purchase 100 watches for $25.00 a piece for a total of $2,500. Randy agrees to send an order …

Since Apple’s refusal to license its PC technology which drove the company from being two times bigger than Microsoft to the fringes of the market, now the licensing returns to haunt Apple. In 2001 Apple introduced their iPod which entirely changed the portable music players industry. The iPod became one …

“This case focuses on a change program and selection of an enterprise software vendor. The decision of which partner to choose to help the company change the way it purchased raised fundamental tensions within the company”. Question 1 Consider Exhibit 10 on page 22 of the case; does it include …

The case study was very interesting it was based on ethics of the contract agreement entered into by RMC and 17 project labor agreement. The purpose of this case was to see where liabilities fell when certain parties were not abiding by the original agreement that was entered into by …

There are six steps of the negotiation process are: (a) defining the desired results, (b) gathering data, (c) analyzing the situation, (d) planning, (e) bargaining , and (f) documenting the agreement. 1. Defining the desired results to be achieved – This stage begins as the acquisition team defines the requirement, …

1) Facts – Contract between citizen of U.S. and Stumm Handel GMBH; Contract being signed in German; Lack of German knowledge within one of the signing parties; Explained terms of contract in English; „Forum Selection Clause”; A claim against Stumm Handel GMBH regarding legitimacy of the contract 2) Issue – …