Big Time Toy Maker

  • Big Idea

    Stucke BIG GROUP CASE STUDY By Bhuiyan Shariful Kudret Demirkol Alam Mujub Ye Yu LONG ISLAND UNIVERSITY February 27th, 2012 INTRODUCTION The Big Idea Group (BIG) was created by Micheal Collins to help both inventors and corporations meet the innovation challenge. BIG partners with inventors and companies to identify, develop and bring to market innovative ideas. Before BIG Collins founded Kid Galaxy in 1994, a specialty toy company and became

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  • Big Time Toymaker

    Case Scenario: Big Time Toymaker Big Time Toymaker a developer manufacturer and distributor of board games and toys recently collaborated with and an inventor named Chou. Chou invented a strategy game called Strat, which requires a distributor. Chou entered into an agreement with Big Time for $25.000 and in return, Chou granted Big Time the exclusive negotiation rights for 90 days. During that time, Big Time honored the agreement, but three days shy of the expiration date, a Big Time manager forwarded

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  • Big Time Toymaker

    Big Time Toymaker Jean Augustin Law/421 October 1, 2012 Thomas Wilson Abstract Big Time Toymaker (BTT) agreement with Cho for extension of exclusive distribution rights is being challenged due to a lack of written agreement. BTT reached an oral agreement which is not binding due to the stipulations in their original agreement, which states that all contracts must be in writing. Both parties have communicated the terms of the distribution agreements via email and fax, after a change in management

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  • It's Not a Toy

    It’s Not a Toy Message This commercial has only one clear message - that the BlackBerry smartphone is not a toy. The underlying message that I see is that RIM is telling the consumers that the BlackBerry smartphone is not what their competitors’ phones are - toys. There is no actual reference to Apple or Android or any other competitor, but the fact that their message “It’s not a toy” is repeated 3 times in their 29 second commercial and thing that is said, it is obvious to me what the unspoken

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  • Law/421 Week 4 Case Scenario: Big Time Toymaker

    Case Scenario: Big Time Toymaker 1. At what point, if ever, did the parties have a contract? Big Time Toymaker (BTT) granted Chou a binding option to enter a contract, known as an option contract. BTT (offeror) pays Chou (offeree) $25K to keep an offer open in exchange for exclusive negotiation rights for a 90-day period. Therefore, BTT purchased the rights to negotiate a distribution agreement for Chou’s invention (a board game). The agreement stipulated that at the end of the 90-day period

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  • Big Time Toymaker

    Case Scenario: Big Time Toymaker Big Time Toymaker and Chou did have a contract at the point when Chou accepted $25,000 in exchange for exclusive negotiation rights of the game called Strat. Since the exclusive negotiation agreement stated that no distribution agreement was in place, unless in writing, there was no official distribution agreement between the parties. Although there was no written agreement, the email sent by a BTT manager could be considered by a court to be evidence of intent

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  • Big Time Toy Maker

    Submitted by Rob Lowe Individual Case Scenario: Big Time Toymaker | Read the “Theory to Practice” section at the end of Ch. 6 of the text.Answer Questions 1 through 6 based on the scenario in the “Theory to Practice” section, and complete the following in your response: * At the end of the scenario, BTT states that it is not interested in distributing Chou’s new strategy game, Strat. Assuming BTT and Chou have a contract, and BTT has breached the contract by not distributing the game,

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  • Big Time Toymaker

    Case Scenario: Big Time Toymaker Read the “Theory to Practice” section at the end of Ch. 6 of the text. Answer Questions 1 through 6 based on the scenario in the “Theory to Practice” section, and complete the following in your response: • At the end of the scenario, BTT states that it is not interested in distributing Chou’s new strategy game, Strat. Assuming BTT and Chou have a contract, and BTT has breached the contract by not distributing the game, discuss what remedies might or might not

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  • Case Scenario Big Time Toymaker

    Case Scenario: Big Time Toymaker LAW/421 Case Scenario: Big Time Toymaker Big Time Toymaker (BTT) develops, manufactures, and distributes board games and other toys in North America, Chou is the inventor of a new strategy game he calls Strat. BTT had an interest in distributing Strat and entered into an agreement with Chou, offering him $25,000 in exchange for exclusive negotiation rights for a 90-day period. This agreement stipulated that no distribution contract existed unless it was in

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  • Case Scenario - Big Time Toymaker

    Case Scenario: Big Time Toymaker Ryan Sherrett LAW/421 June 10, 2013 Faculty: Mark Rorem Case Scenario: Big Time Toymaker 1. At what point, if ever, did the parties have a contract? The contract was established at the in-person meeting where the distribution agreement details were agreed upon. The fact that Chou was going to reiterate the details in writing is not required. The manager emailing the same agreed upon details confirms BTT's agreement of the terms. 2. What facts may

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  • Big Time Toy Maker

    Big Time Toymaker (BTT) is a toy company that sells products to the United States, Canada and Mexico. Chou just created Strat an new strategy game. BTT is interested in distributing this game so they entered into a deal where Chou got $25,000 for negotiation rights for ninety days. This agreement specified that all contracts were to be in writing and there would be no verbal contract. Before the time was up BTT, sent Chou an email that detailed the specified the agreements reached upon their meeting

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  • Big Time Toymaker

    Big Time Toymaker (BTT) develops, manufactures, and distributes board games and other toys to the United States, Mexico, and Canada. Chou is the inventor of a new strategy game he named Strat. BTT was interested in distributing Strat and entered into an agreement with Chou whereby BTT paid him $25,000 in exchange for exclusive negotiation rights for a 90-day period. The exclusive negotiation agreement stipulated that no distribution contract existed unless it was in writing. Just three days before

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  • Big Time Toymaker

    1. At what point, if ever, did the parties have a contract? After reading “Theory to Practice,” I believe the two parties, although never had a signed written contract, did reach a verbal agreement. The deal between Big Time Toymaker (BTT) and Chou begin when BTT paid Chou $25,000 for exclusive negotiation rights for a 90-day period. Three days before the end, the two parties reach an agreement and Chou volunteered to draft the contract. When a manager from BTT sent an email that outlined all the

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  • Big Time Toymakers

    Big Time Toymaker Latasha McClure LAW/421 July 26, 2013 Cory Childs Big Time Toymaker 1. At what point, if ever, did the parties have a contract? Big Time Toymaker and Chou entered in to a contract when BTT paid Chou 25,000 in exchange for exclusive negotiation rights for 90 days. This showed all elements of a contract there was mutual assent, consideration when BTT paid the 25,000, it was legal and both parties had contractual capacity. 2. What facts may weigh in favor of or against

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  • One Direction vs Big Time Rush

    Just another one-hit-wonder or a true star? One Direction. Nickelodeon wannabe or really committed? Big Time Rush. These are both questions when thinking about these two bands, but both bands have strengths and personalities which allowed them to strive. I really can't say if the pop music in this generation has gotten better or worse, because there are so many posers out there you can't tell who's autotuned and who isn't. At first glance, the bands seem identical, because they both have a fan base

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  • Big Time Toymaker

    Chou and BTT had a lot of verbal agreements and a lot of different terms that they were each abiding by during the time that they were talking about the business situation. BTT wanted to make sure that Chou would let them try out his game and he had no problem with that, and signed a 90 day trail period in which BTT would be able to test the game, and do whatever they could to see if the game was worth selling so that they could maybe go into a distribution contract with Chou and distribute the game

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  • Big Time Toymaker - Theory to Practice

      BIG TIME TOYMAKER - CASE SCENARIO 2 Big Time Toymaker - Case Scenario Upon completion of required reading of “Theory to Practice” scenario, I confidently can report that the two parties never prepared a written contract. A written contract was supposed to be created for a deal between Big Time Toymaker (BTT) a company, which develops, manufactures, and distributes board games and other toys in North American and Chou who invented a new strategy game Strat. A contract was in process even the

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  • Big Time Toymaker

    Vennessa Miller Law421 Professor Nikki Chtaini Case Scenario: Big Time Toymaker November 11, 2013 There was contract. What they put together was an agreement in an email. Three days before the expiration of the 90 day period the parties reached an oral distribution agreement at a meeting. Then later a draft agreement contract was sent. The fact that may weigh in favor of Chou is that he has the email that he sent and when he sent the email but on the other hand what may not work in his favor

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  • Law421 Big Time Toy Maker

    Big Time Toy Maker Law / 421 Big Time Toy Maker 1. At what point, if ever, did the parties have a contract? Yes, both parties had a valid contract when they agreed upon the terms of the deal. They both agreed upon the terms and Chou accepted the twenty five thousand dollars from Big Time Toymaker. A written agreement was not needed due to BTT being only a distributer and not a producer. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract

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  • Toys

    Jennifer Smith G.G. Toys: Case study #2 G.G. Toys was a toy manufacturer facing problems with productivity and profitability. The company found a profitable product in their Geoffrey doll and Specialty branded doll #106. Retailers could customize to the specifications and buying habits of their customer base. On average, the Geoffrey Doll cost $19.19 to produce, and the #106 doll $23.74. To access in a study of their overhead cost for both of their plants, research showed that: 1. A setup was

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  • Toy Time

    It’s toy time Educational products for developing minds 1. Executive Summary: It’s toy time is a specialty toy retailer, operating in Banani 11 no. shop no.1. We are a company that helps to grow the creative power of our children.Our success is our employees and the unique service they render. The large variety of toys at lower prices, the fun-filled atmosphere and service is all that It’s toy time provides its customers.We are the only company who thinks about a childs mental development

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  • Big Time Toy Maker

    1. At what point, if ever, did the parties have a contract? Upon reviewing this situation, Chou and Big Time Toymaker had participated in an oral agreement. During a conference between Chou and BTT a distribution agreement was reached, an e-mail was also directed by BTT to Chou confirming the significant terms of the verbal contract agreed upon during the conference. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? In Chou’s situation

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  • Case Scenario Big Time Toy Maker

    Case Scenario Big Time Toy maker Aragon Week4 Instructor Rosale Lopez April 16, 2014 Level One Heading Option Contract and Distribution Agreement After reading this scenario, Big time toy maker and Chou did take part in an oral contract. In a meeting between BTT and Chou oral Documents

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  • Case Scenario - Big Time Toymaker

    Case Scenario - Big Time Toymaker Student Law/421 November 13, 2013 Instructor Case Scenario - Big Time Toymaker Big Time Toymaker (BTT) develops, manufactures, and distributes board games and other toys to the United States, Mexico, and Canada. Chou is the inventor of a new strategy game he named Strat. BTT was interested in distributing Strat and entered into an agreement with Chou whereby BTT paid him $25,000 in exchange for exclusive negotiation rights for a 90-day period.

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  • Big Time Toymaker

    Big Time Toymaker The following case scenario is concerning the existence of a valid contract between two parties. A valid contract can be verbal and/or written. The contract becomes valid when there has been a promise, an acceptance, and consideration relating to the terms and conditions of the agreement. A breach of contract can take place if one of the parties does not comply with the terms of the contract. If this happens, the non-breaching party may be awarded remedies to recover

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  • Big Time Toymaker

    Running head: BIG TIME TOYMAKER Big Time Toymaker Name University Big Time Toymaker Paper A contract is an agreement between two parties that is enforceable in court. In order to have a valid contract, there are several criteria that must be met that will be explained throughout this analysis. A verbal or written agreement may result in a binding contract if the required contract criteria are met (Melvin, 2011). Contracts are put in place to protect both parties on either end of the agreement

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  • Toys R Us Case Analysis

    Toys “R” Us Japan (Case No. 3) By: Maria Lemos-Janes INBS501: International Business: CONCEPTS / ISSUES January 22, 2011 Toys “R” Us Japan (Case No. 3) I. Problem Statement: Eager to enter the world´s second largest toy market, Toys “R” Us executives begin in the late 1980s to formulate strategies for opening large discount toy stores in Japan. However, the American company faced setbacks due to Japanese store-size regulation, application procedures, and a long-standing multi-layered

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  • Week 4 Big Time Toy Maker

    Big Time Toy Maker Could BTT avoid this contract under the doctrine of mistake? Explain. Would either party have any other defenses that would allow the contract to be avoided? Chou could take BTT to court for breach of contract. When BTT paid Chou $2,500 for, and Chou gave BTT exclusive negotiation rights for 90 days, they both mutually assented to a legally binding agreement. Under the Uniform Commercial Code (UCC), if the contract of the sale of goods is $500, or more, and any lease transactions

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  • Big Toys

    Case Scenario: Big Time Toymaker A LAW 421 July 06, 2014 Paul W. Lock J.D., L.L.M., C.P.A Big Time Toymaker (BTT) develops, manufactures, and distributes board games and other toys to the United States, Mexico, and Canada. Chou is the inventor of a new strategy game he named Strat. BTT was interested in spreading Strat and entered into an agreement with Chou whereby BTT paid him $25,000 in exchange for exclusive negotiation rights for a 90-day period. The exclusive negotiation agreement

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  • Big Time Toymaker

    Case Scenario: Big Time Toymaker Students Name LAW/421 Date Due Instructors Name Big Time Toymaker (BTT) is a company that develops, manufactures, and distributes board games and other toys to the U.S, Mexico, and Canada. Chou is the inventor of a new strategy game he named Strat. Big Time Toymaker and Chou entered into an agreement whereby Chou would receive $25,000 in exchange for exclusive negotiation rights for a 90-day period. The agreement stipulated that no distribution contract existed

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  • Myth Maker

    reconstructing it. The camera widens the frame. Lal Quila is not just a fortress. It is a landscape of temples, history and a sense of a bigger city. He is standing at the ramparts announcing a new era by reworking the grammar of the old. There is no big statement on productivity, no appeal to economics, no cliché about foreign policy, no reference to corruption, hardly any mention of China or Pakistan. It is a day for positives, for a nation to recharge itself. The language is simple: it is not politics

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  • Big Time Toymaker

    Big Time Toymaker LAW/421 September 25, 2014 Phillip Muir - University of Phoenix Big Time Toymaker BTT and Chou made an exclusive negotiation agreement for a 90 day period. There were specific stipulations that a written agreement must be in affect and signed within this time frame. Both parties had reached an oral agreement before the 90 day expiration had occurred and also had contacted each other through an e mail repeating the terms of the oral agreement on paper. This electronic

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  • Big Time Toymakers

    Big Time Toymakers Jessica Costin August 19, 2014 LAW/421 Ric Hedges Case Scenario Introduction Big Time Toymakers makes board games all over the world. Chou came to BTT with a deal that if Chou would let BTT distribute their game STRAT. BTT offered that they would give him 25,000 in exclusive negotiation rights for a three month period. The deal between BTT and Chou began when the time frame was set. The obligations between the two were made and the price that would be given was also established

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  • Big Time Toymaker

    Big Time Toymaker LAW/421 Big Time Toymaker This paper will discuss the Case Scenario: Big Time Toymaker along with the related questions and answers. Big Time Toymaker (BTT) is a company that specializes in board games and other toys. Their organization covers all aspects of this industry including developing, manufacturing, and distribution of board games and other toys. In this particular case scenario Big Time Toymaker was interested in a specific new strategy game called

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  • Toy Maker

    Big Time Toy Maker 1. At what point, if ever, did the parties have a contract? In the theory of practice, big time toy maker, the parties involved did not have a contract. In the scenario it stated that the parties had reached an agreement 3 days prior to the end of the 90 day deadline, which was set in the negotiation period.” The exclusive negotiation agreement stipulated that no distribution contract existed unless it was in writing. Just three days before the expiration of the 90-day

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  • Finance Play Time Toy Company

    I. Background Play Time Toy Company is a manufacturer of plastic toys for children that include toy cars, military toys, trucks, guns, animals, robots, action figures and such. These product categories are produced in a wide range of designs, colors and sizes. Play Time Toy Company was founded in 1973 by Henry Richards and Jonathan King. Manufacturing business for plastic toys was considered to be highly competitive due to the fact that this industry was populated by large number of companies

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  • Law 421 Week 4 Big Time Toymaker

    In this document of LAW 421 Week 4 Big Time Toymaker you will find the next information: Read the “Theory to Practice” section at the end of Ch. 6 of the text. Answer Questions 1 through 6 based on the scenario in the “Theory to Practice” section, and complete the following in your response: At what point, if ever, did the parties have a contract? What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? Does the

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  • Big Time Toymaker

    Case Scenario: Big Time Toymaker 1. At what point, if ever, did the parties have a contract? Big Time Toymaker (BTT) granted Chou an agreement to a option contract. BTT pays Chou $25K to keep exclusive negotiation rights for a 90-day period. Therefore, BTT purchased the rights to negotiate a distribution agreement for Chou’s invention (a board game). The agreement stipulated that at the end of the 90-day period, if the parties could not come to terms on a distribution deal. Chou would be free

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  • Toys and Soc

    Thomas Folsom 2/27/2015 Soc 1 Application 1 Toys and Socialization As I walk down the toy aisles in toys R Us, I notice that there is a large sign above the aisles saying boys. This aisle contains ninja turtles, WWE wrestlers, sports cars, dump trucks, motorcycles, and toy weapons of all sorts. The colors of blue, green, red, and yellow cover the aisles all darker shades of the color. All of the boy’s toys are very masculine. The next aisle I walk through is the girls section, this aisle is

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  • Big Time Toy Maker Case Scenario

    Case Scenario: Big Time Toy Maker LAW/421 May 5, 2015 Case Scenario: Big Time Toy Maker At what point, if ever, did the parties have a contract? The two parties, Big Time Toymaker and Chou entered into a contract when they came to the initial agreement where Big Time would pay $25,000 for exclusive negotiation rights for a 90 day period. What facts may weigh in favor or against Chou in terms of the parties’ objective intent to contract? The biggest factor in favor of Choe

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  • Kb Toys

    KB Toys’ July 1, 2010 Abstract  Why did KB Toys fail? KB Toys was offering toys at a discounted price like consumers where looking for but was that enough? KB Toys did restructures as well as took help from investment companies which brought a profit for a short time. While all of this was a quick fix the revenue never stayed constant but continued to drop. The store stayed in the original idea but never moved forward with the changes of times. Toys where out dated and there was lack of organization

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  • Big Time Toymaker

    Big Time Toymaker April 13, 2015 Big Time Toymaker Big Time Toymaker is an industry leading toy company that manufactures, develops and distributes board games and other toys to the United States, Mexico, and Canada (Melvin, 2011 p. 155). This assignment allowed us to witness first hand a deal for a product that could of made the inventor very wealthy. Although this was not the case, this assignment taught us various lessons in business law and communication. At what point, if ever

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  • Law 421 Week 4 Case Scenario: Big Time Toymaker Law421 Week 4 Case Scenario: Big Time Toymaker

    you struggled with, and how the weekly topics relate to your professional or personal lives. A discussion is required. The discussion should occur in your Learning Team forum, and there is absolutely no requirement for the discussion to be in real time and no such requirement may be imposed on any team member. Please note that you may not simply write separate sections and copy and paste them together. The paper must reflect a discussion.  Write a 500 - 700 word paper detailing the findings of your

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  • Toys

    There are three of the popular toys in the 1990s, which are Tamagotchi, Barbie, and Lego. The first digital toy is the Tamagotchi Tamagotchi means a handheld digital device, which can be cared for as a digital pet including feeding, playing, and cleaning up after it. For example, the first Tamagotchi was created in Japan by Bandai in 1996. It went on to sell 76,000,000 units worldwide by 2010 (“Tamagotchi,” 2015). It was quite cheap with the price depending on the different versions available,

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  • Toys R Us Japan

      Toys “R” Us Japan (Case No. 3) I. Problem Statement: Eager to enter the world´s second largest toy market, Toys “R” Us executives begin in the late 1980s to formulate strategies for opening large discount toy stores in Japan. However, the American company faced setbacks due to Japanese store-size regulation, application procedures, and a long-standing multi-layered distribution system. Continued effort and the acceptance of a Japanese partner enabled the company to prepare for the opening

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  • Big Time Toy

    Case Scenario: Big Time Toymaker Law 421 Name Here 1. At what point, if ever, did the parties have a contract? This is a very interesting case. I think both parties should have had a lawyer present. The problem for Chou is it stated (The exclusive negotiation agreement Stipulated that no distribution contract existed unless it was in writing.) There was an email sent and Chou looked at the email as a form of a contract but in the legal terms nothing was signed or agrees too. Chou may

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  • Case Scenario: Big Time Toymaker

    1. At what point, if ever, did the parties have a contract? After reading the scenario, Big Time Toymaker (BTT) and Chou did partake in an oral contract. During a meeting between BTT and Chou an oral distribution agreement was reached, also an e-mail sent by BTT to Chou confirmed the key terms of the agreement reached during the meeting. 2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? The facts in favor for Chou would oral agreement

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  • Big Time Toy Maker

    Case Scenario: Big Time Toy Maker 1. At what point, if ever, did the parties have a contract? Our textbook defines a contract as “a promise or a set of promises enforceable by law” (). A contract does not necesarily has to be in writing. A contract can be oral and enforceable. Big Time Toymaker and Chou took part in an oral contract. Big Time Toy Maker and Chou held a meeting where an oral distribution agreement was reached. In addition, Big Time Toy sent an email to Chou confirming the

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  • Big Time Toy Maker

    Big Time Toymaker Ronda Bonny LAW/421 AUGUST 13, 2012 JAMES ZACCARIA Big Time Toymaker 1. At what point, if ever, did the parties have a contract? After reading the case scenario, I do not believe either of the two parties involved ever established a binding distribution contract. It is true an oral distribution agreement was achieved just three days prior to the 90-day deadline, which was a condition established in the original negotiating contract. However, as clearly stated in the

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  • Law421 Big Time Toymaker

    Big Time Toymaker At what point, if ever, did the parties have a contract? BTT paid Chou $25,000.00 to have exclusive rights for negotiations for a 90 day period. Big Time Toymaker and Chou did not have a binding enforceable contract made during this 90 day period. An oral distribution agreement was made three day before the 90 days deadline, but it was in the negotiations. But the negotiations said that there was not supposed to be an agreement unless it was in writing. Three days before the deadline

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