1-May tries to start her newly purchased Mazda car (valued at $25,000) with nosuccess. She’s had it in the shop twice and both times the fix did not really
solve the problem. She yells out that she “would give her left kidney!” for
someone who knows how to fix her car. Lo and behold, a sickly car mechanic
happened to be walking by (slowly) just at that moment. With tremendous
surprise and even greater relief, he says, “Ma’am, you’ve got a deal!” When it
turns out that May is not really willing to give up one of her kidneys, the
desperate mechanic sues her. Did they have a valid contract? Why or why not?
2- Your company, Miracle Image, Inc., headquartered and incorporated in
Indianapolis, intends to purchase sophisticated image manipulation software to
give it a competitive edge in its line of business (visual marketing). The software
would receive constant business use by Miracle Image. After a demonstration
from a company called Big Software, Inc., with offices in New York and Dublin,
Miracle Image selects Big Software and commences contract negotiation.
Outline the critical contract clauses that should be included and briefly explain
the meaning of and relevance of those clauses. (Credit for answer will be
determined by number of and thorough explanation of clauses; e.g., assume a
minimum of 5 clauses, average scoring for 8 clauses, and top credit for 10 or
more clauses).
3- Digital Computers (DC) agrees to sell one hundred hard drives to Eagle
Computer Stores. Before they are delivered, DC demands an extra $100 per
hard drive to complete delivery because of an unanticipated busy season. With
no other source for DC hard drives, Eagle agrees to pay. Regarding the
agreement to pay more, what would you expect the court to say if Eagle
ultimately refuses to pay the higher amount?
4- What is the name typically given to a corporation’s disclosure of its processes
for managing personal consumer information? Please provide a copy of an
actual company’s disclosure and identify at least two clauses in that example
that speak to the issue of privacy.