This week, you will focus on contracts.
Ally owned several businesses in New Jersey. Because the United States population is getting older, she started a new business manufacturing a lotion to soothe aching muscles and joints. The lotion is called Calm Natural Safe (CNS). Ally created the lotion using natural ingredients and other materials.
Milly’s Global (MG), New Jersey-based company, wants to purchase 1,00000 bottles of CNS, each costing $20.00 per bottle.
She has retained your law firm (Wright and Wrong, Attorneys at Law) to create a contract between Ally and MG. A partner at the firm has asked you to prepare a memo (review page 22 of our ) addressing the following:
- What additional questions would you want to ask Ally so you can properly prepare the contract?
- What are the requirements for the proper formation of a contract?
- What if the parties want to modify the contract?
- Describe a clause(s) that you feel should be included in the contract. Explain why you noted this clause(s).
- What is the statute of limitations to sue if there is a breach of contract? Set forth the law to support your conclusion.
On Nexis Uni, you may want to review the following New Jersey cases and statutes:
- Weichert Co. Realtors v. Ryan, 128 N.J. 427, 435 (1992);
- Hatzell & Pascu, LLC v. Medical Records Online, Inc., 445 N.J. Super. 173, 183 (App. Div. 2016);
- Nester v. O’Donnell, 301 N.J. Super. 198, 210 (App. Div. 1997);
- Manahawkin Convalescent v. O’Neill, 217 N.J. 99, 118 (2014);
- DeAngelis v. Rose, 320 N.J. Super. 263, 280 (App. Div. 1999).
- N.J.S.A. 12A:2-201(1)
- N.J.S.A. 25:1-5
- N.J.S.A. 2A:14-1
Submission Instructions:
A 35-page Word Document
Requirements: 4 pages
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