Business Law in Train Scenario
Not what you're looking for?
Brian McDonald spent his time away from work on his hobby, model trains. His train set was large and consisted of rare and one-of-a-kind trains. One day, while visiting with fellow train hobbyist Harry, Brian said, "When I retire in 2 years from Foodmart, I'm going to sell my trains and spend the rest of my life traveling on real trains." Brian told Harry that he was the only person he planned to offer his trains to, because he knew Harry would take care of them. Harry said he looked forward to the day when he could buy the trains. Harry spent the next 2 years and most of his savings building a new 2,000-square foot room onto his house to make room for the trains. When Harry told Brian he was building the new room, Brian just smiled. Brian also heard that Harry borrowed money from his aunt to buy the trains. When Brian retired, he sold his trains to his neighbor, James. Harry sued Brian, claiming breach of contract. Who wins? Explain your answer.
Purchase this Solution
Solution Summary
The solution discusses the business law in the train scenario.
Solution Preview
Decision on Business Case
On the basis of the case discussed, the claims made by Harry on Brian for breach of contract are just meaningless. According to contract law of USA, five elements are required for a valid contract between the two parties. First of all, each agreement must be in writing, but there was no such agreement made between Brian and Harry. It could be said that there was not any kind of contract between the two. In addition to this, a contract also requires an offer, acceptance and consideration (Rau, 2012). Yet, in relation to this case, there was nothing like that. Brian has made the ...
Purchase this Solution
Free BrainMass Quizzes
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.