Case Scenario: Big Time Toymaker (BTT)

May 12th, 2015
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A contract is an agreement between two parties that is enforceable in court. A verbal and/or written becomes valid when there has been a promise, an acceptance, and consideration relating to the terms of the agreement. At any point, a binding contract is breached, “the law provides certain relief for aggrieved parties that suffer losses as a result of another’s party breach of contract” (Melvin, 2011).

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Case Scenatio BTTCase Scenario: Big Time Toymaker (BTT)A contract is an agreement between two parties that is enforceable in court. A verbal and/or written becomes valid when there has been a promise, an acceptance, and consideration relating to the terms of the agreement. At any point, a binding contract is breached, the law provides certain relief for aggrieved parties that suffer losses as a result of anothers party breach of contract (Melvin, 2011). Therefore, non-breaching party may be awarded with remedies to recover losses and damages. The following scenario between Big T

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