Your answer length may vary, but you should have enough to discuss to submit at


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Your answer length may vary, but you should have enough to
discuss to submit at least a few paragraphs for each question or scenario
posed. If sources are requested, you must use APA style and provide in-text
citations and a Works Cited page. When referring to a case cited in the text,
you do not need to provide a case citation, merely provide the page number that
you are referencing.
Each question is worth 30 points, totaling 120 points per
assignment.
These Case Questions are due before 11:59 p.m. CT on Sunday
of the assigned week.
Please use a legible font style, such as Times New Roman or
Arial, with a font size of 12 pt. Double-space the text of your paper and set
the margins of your document to 1 inch on all sides.
1.The Madariagas owned a restaurant where they served
“Albert’s Famous Mexican Hot Sauce.” They entered into a contract to sell the
restaurant and the formula for the secret sauce to Morris. Although Morris paid
the agreed-upon price, the sellers refused to give him the recipe unless he
also paid them lifetime royalties for the salsa. Which of these remedies should
Morris seek: expectation, restitution, specific performance, or reformation?
Why?
2.A manufacturer delivers a new tractor to Farmer Ted on the
first day of the harvest season. But the tractor will not start. It takes two
weeks for the right parts to be delivered and installed. The repair bill comes
to $1,000. During the two weeks, some acres of Farmer Ted’s crops die. He
argues in court that his lost profit on those acres is $60,000. The jury awards
the full $1,000 for the tractor repairs, and $60,000 for the lost crops.
Identify the two types of awards (an award is also known as an interest or
remedy in this week’s material).
3.Blair Co.’s top officers asked an investment bank to find
a buyer for the company. The bank sent an engagement letter to Blair with the
following language: “If, within 24 months after the termination of this
agreement, Blair is bought by anyone with whom Bank has had substantial
discussions about such a sale, Blair must pay Bank its full fee.” Is there any
problem with the drafting of this provision? What could be done to clarify the
language?
4.What are the advantages and disadvantages of hiring a
lawyer to draft or review a contract?

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