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1. Discuss the below item on the discussion board in 100 words or more.
2. Respo
1. Discuss the below item on the discussion board in 100 words or more.
2. Respond to two other student’s discussions ON TWO SEPARATE DAYS with your opinion of his/her discussion in 50 words or more for each summarization. Responses such as, “I agree” or “Good idea” are not acceptable and will receive no credit. The response must add to the scholarly dialogue presenting the reasons for your opinion and supporting documentation cited.
Topics:
A contract is a contract, is a contract. Except when it is not. There is a famous case regarding chickens which describes this problem. In a vast simplification, a restaurant calls a farm and says they want to buy 100 chickens for $10 each. It is agreed and the restaurant is going to pick them up the following day. However, the understanding of the word “chicken” was at stake here. To a restaurant, a chicken is a chicken. To a producer, there are generally two types of edible chicken, broilers and fryers. Broilers are the better quality and are more expensive, fryers can only be used for frying and are cheaper because frying them masks some of the imperfections. The producer believed that the restaurant wanted fryers and would have charged much more for broilers. Thus, a lawsuit begins and in essence, the entire suit is about the definition of “chicken”.
Presume that you have a valid express contract (offer, acceptance, and consideration) with your neighbor to paint her house for $1,000. What potential pitfalls could result from that? Can you think of any other examples?
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