Business Finance
BBA3210 Columbia Southern University Contract Remedies Case Analysis

BBA3210 Business Law

Columbia Southern University

Question Description

Case Analysis

Determine whether certain contract remedies exist in the following scenario:

Forrest Gump is a famous table tennis player. He enters into a contract with Alabama Sports Marketing to advertise the latest ping pong game and to serve as the computer-generated imagery (CGI) model for the development of the video game. Gump is perfect for this job as there are not many world famous ping pong players who have a following similar to his. The game is set to start development on March 1 and will be completed on July 31, so the game can be released at Thanksgiving—a major video game release period. Both parties have agreed and stipulated to the fact that the game must be completed on time to maximize the profits.

Gump will make 20% of the net proceeds from the sales of the game. In addition, the contract has a liquidated damages clause that indicates that if Gump does not participate in the marketing, does not serve as the CGI model, or breaches the contract in any way, he will owe Alabama Sports Marketing $2 million.

Based on this fact pattern and the information presented in this unit, answer the following questions in a minimum of 250 words each.

1. One day, Gump gets into an argument with the developer. Gump refuses to perform any work until the problem is solved. In this situation, can Alabama Sports Marketing seek specific performance of the contract? If yes, why? If no, why not?

2. How would the court determine whether the liquidated damages clause is valid? Is this clause valid? Explain your answers.

Cite any direct quotes or paraphrased material from outside sources. Use APA format.

Final Answer

Please find attached. Thank you.

Outline

Introduction

Body

Conclusion


Running head: CONTRACT AGREEMENTS

1

Contract Agreements
Name
Institution
Instructor
Date

CONTRACT AGREEMENTS

2
Contract Agreements
Performance of the contract

The contract agreement that Forrest Gump has will Alabama Sports Marketing is
one that is legally binding and when breached, either of the parties can be liable and the
ramifications can be dire. In this particular case, Alabama Sports Marketing may seek for
the courts' intervention for the breach of contract by Grump. The standoff that exists
between the two parties could result in delays meaning the product will not be available to
the public by the time it gets to Thanksgiving Day as was planned. The deadline fo...

peachblack (34373)
UT Austin

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