Business randy purchased the marina from grant


Business Randy purchased the marina from Grant

QUESTION 1:

Grant  has  operated  a  marina  on  Oneida  Lake  for  several  years.  The  marina sells  boats  and  provides  dock  space  and  winter  boat  storage  to  its  customers.  On August 1, 2010, Randy purchased the marina from Grant. As part of the sale, Randy took over all of the existing contracts Grant had for the storage and docking of boats. Jay had a contract with Grant to store his boat at the marina over the winter and to rent a dock space at the marina during the boating season. The contract was due to expire on March 31, 2011. When Jay went to the marina on October 1, 2010 to arrange to have his boat removed from the water and placed into storage for the winter, he learned that the marina  had  been  sold.  Randy  told  him  that  he  would be  willing  to  renew  Jay’s contract for dock space and storage for the period of April 1, 2011 through March 31, 2012, at the same price he had paid in 2010, if Jay would agree immediately. Jay orally agreed.

Thereafter, on March 1, 2011, Jay notified Randy that he was moving his boat to another marina and had arranged to have his boat towed to the new marina. Randy demanded that Jay pay him for the dock space and storage for 2011-2012, claiming that he and Jay had an enforceable contract. Jay refused to pay. Discuss whether Grant and Jay have an enforceable contract.

QUESTION 2:

Bob was a student at Le Cordon Bleu Culinary School (School) in Big City. The final requirement for Bob to graduate from the School as a pastry chef was to bake  a  five  layer  cake.  Bob  considered  this  task  too  trivial  for  his  considerable culinary talents, and instead of working on the cake, he spent all of his time with his new girlfriend, Cindy, a 17 year old who lived independently from her parents. Bob’s grandfather Joe, who had made many prior cash gifts to Bob while he was attending the School, very much wanted Bob to follow in his footsteps as a chef. Joe told him: “If you bake a cake to fulfill your requirement to graduate from the School, I will
pay you $20,000.”

Cindy  solely  supported  herself by  working as  a barista  at  a  Big City coffee house located far away from her apartment. Cindy told Bob that she was in danger of losing her job at the coffee house and ultimately her apartment because Big City Transit  Authority  had  announced  that  it  would  be  eliminating  the  bus  route  that Cindy used to get to the coffee house due to state budget cuts. Bob asked Joe to help Cindy, and Joe agreed to sell a car to Cindy for $3,000. The written agreement dated January  15,  2012,  provided  that  Cindy  would  pay  $100  to  Joe  upon  signing  the agreement and $100 each month until the balance was paid.

On February 1, 2012, Cindy turned 18 years of age. Six months later, Cindy stopped making payments and returned the car to Joe, saying that she could no longer afford the high cost of gasoline, parking fees and insurance. Bob baked the cake, graduated from the School and obtained a high-paying position as a pastry chef at an elite Big City restaurant. When Bob requested payment of  the  $20,000,  Joe  refused,  stating,  “I  was  wiped out  by  my  crooked  investment advisor. Besides, your cake is not worth $20,000 to me. Baking that cake was for your own good. Look at the job that it got you!” Was an enforceable contract created
between Bob and Joe?

Joe  sued  Cindy  for  breach  of  contract  for  the  remaining  monies  owed  by Cindy on the agreement for the sale of the car. What defense should Cindy raise to the breach of  contract  suit,  and  what arguments  should  Joe  make in opposition to this defense?

Request for Solution File

Ask an Expert for Answer!!
Other Subject: Business randy purchased the marina from grant
Reference No:- TGS01430481

Expected delivery within 24 Hours