Offer And Acceptance Video

Submitted By LTLop37
Words: 1005
Pages: 5
Open Document
Offer and Acceptance Video
Linda T. Lopez
UOP

Professor Richard Rice
Offer and Acceptance Video
On Week 4 the Individual assignment consisted of viewing an Offer and Acceptance video and implementing a contract that clearly states in writing the implied terms of the contract verbally communicated in the contracts. In the video a contractual relationship between Quick Takes Video and Non-Linear Pro was established by: 1) an Offer, 2) Acceptance Offer, and a 3) Valid (legal & valuable) consideration (Offer and Acceptance Video, 2007). Although rather unorthodox many contracts are spoken or implied which is what transpired between the parties in the Offer and Acceptance video. In the video the Quick Take Video Company was experiencing technical issues with their antiquated software editing equipment. The company’s editing software was approximately over 10 years. Janet Mason a Quick Take Video employee expresses concern to Hal the company owner about replacing the current editing software with digital editing software.
Upon determining the need to upgrade the editing software Quick Takes Video invites Non-Linear Pro to discuss the options available to upgrade their current software. After some negotiating a verbal deal which entailed Non-Linear Pro presenting their equipment as excellent quality and a month later Non-Linear Pro product arrives at Quick Takes Video. Quick Takes Video believes the verbal Express Contract is for one month trial period to determine if the system with Non-Linear Pro is what the company (Quick Takes Video) is looking for. Non-Linear Pro assumes the contract lease that one of the employees signed upon receipt of the product is attempting to hold Quick Takes Video accountable for any damages to the product. There are many assumptions from both parties regarding the verbal agreement such as technical support, training, warranty terms detailing performance, and authority to execute the trial lease agreement.
Contract is voluntary, deliberate, and legally binding written or verbal agreement between two or more competent parties (Cheeseman, 2010, p. 153). In fact, essential elements are agreement, consideration, contractual capacity and lawful object (Cheeseman, 2010, p. 154). These contract elements are present in the Offer and Acceptance Video and essential for the formation of the implied contract.
During the video Hal and Jack (Non-Linear Pro) make on an oral agreement to ship and install a Non-Linear editing product on a month trial basis. Jack also expresses the high quality of the product to Hal. Both Hal and Jack come to a verbal agreement to the implied terms of the contract created in Hal’s office. According to Cheeseman (2010, p.154) to have an enforceable contract oral or written there must be an agreement between the parties which requires an offer by the offeror and acceptance of the offer by the offerce. In the video both parties agree to the verbal terms offered by Jack and accepted by Hal.
In the video under the consideration element a negotiation of the Non-Linear Pro will be installed and used on a trial basis for 30 days. The product is the bargained-for consideration for this negotiation. In other words, Quick Take Video receives a digital editing product for a 30 day trail and Non-Linear Pro is allowed to promote with an opportunity to sell its product. Contractual capacity is the legal ability to enter into a contract. In this video the two parties making the offer and acceptance are both consenting adults who can make a decision. Hal is representing Quick were competent adults who entered a contract. Hal who represents Quick Takes Video and Jack is the sales Non-Linear Pro representative both capable of making decisions for their companies. In this video the digital editing system is legitimate product that will be received by Quick Takes Video both parties are valid legal entities provide
Show More

Related Documents: Offer And Acceptance Video

Essay on BSA385 Syllabus

Consulting has received some feedback and concerns that their processes and procedures are not sufficiently documented. This lack of professional documentation has caused some loss of potential contracts for the firm. The Learning Team has been given the assignment to define, develop, and propose the following standards for a software testing environment at Smith Consulting: • Define the Smith Consulting engagement approach. This will include a statement of the way the firm works with clients and how projects…

Words 2781 - Pages 12

Guide: Marketing and Kellstadt Graduate School Essay

the fundamental concepts in Marketing. 2. Develop a functional understanding of both macro-marketing and micro-marketing environments. 3. Gain an understanding of products and services from a marketer’s and a consumer’s or other business perspective. 4. Learn basic marketing strategies including SWOT analysis and various marketing model constructs. 5. Gain an understanding of segmentation, targeting and position mapping concepts, marketing strategies and competitor analysis, pricing scenarios and services…

Words 1925 - Pages 8

MGT 448 Syllabus Essay

Ch. 1 • International Business, Ch. 2 • International Business, Ch. 3 • International Business, Ch. 4 • International Business, Ch. 6 • Week One Read Me First Support Material • Week One Read Me First • Test Your Knowledge of Week One Topics with a Self-Assessment Instructions • Test your knowledge of Week One topics with a self-assessment. Support Material • Test your knowledge of Week One topics with a self-assessment • Internet in Global Trade Discussion Instructions • Brainstorm a list…

Words 2691 - Pages 11

Personal Finance and Microsoft® Word Attachment Essay examples

yourself—I look forward to getting to know you! Words of Welcome Welcome to FP/101, Foundations of Personal Finance to. I congratulate you on your decision to complete your Associate’s degree. I will do everything I can to ensure the next nine weeks will be a stimulating learning experience for all of us. If you ever have questions or need additional guidance, please feel free to contact me. Together, I trust we will have a challenging and rewarding class experience. Where to Go to Class: Your…

Words 3295 - Pages 14

Syllabus: Art and Wk Essay

student website. Week One: Understanding Art and Its Role in Culture Details Due Points Objectives 1.1 Outline concerns, purposes, and functions of art. 1.2 Identify different forms of art. 1.3 Identify artistic eras in Western civilization. Wk 1 Reading Read the introduction of Reality Through the Arts. Wk 1 Reading Read Ch. 9 of Reality Through the Arts. Wk 1 Reading Read this week’s Electronic Reserve Readings. Wk 1 Video Week One Video Lectures Watch the Week One Video Lectures located…

Words 2566 - Pages 11

Case Study: General Anthropology

the four major fields of anthropology. This course has been approved to satisfy the Comprehensive Articulation Agreement general education core requirement in social/behavioral sciences. Instructional Approaches: Video Lectures, peer discussion, and individual writing assignments. Class Meeting Dates, time, location: Online delivery via Moodle: http://moodle.cravencc.edu/ Faculty: Dr. Cynthia Bellacero Office Location: H 102D Phone: 638-7328 Office Hours: by appointment…

Words 1853 - Pages 8

Essay about ACCT401 8wk Syllabus 3

emphasis on individuals and unincorporated businesses. Rationale This course will provide the necessary tools in order to analytically understand ramifications of decisions that are made by individuals and the tax implications that result from the decisions that individuals and unincorporated businesses make. I. Prerequisite ACCT 212 II. Required Resource Purchase Spilker, B., Ayers, B., Robinson, J., Outslay, E., Worsham, R., Barrick, J., & Weaver, C. (2015). Taxation of individuals and business…

Words 799 - Pages 4

Essay about Hrm 599 Week 3 Assignment 1 a Growing Small Business Hrm599 Week 3 Assignment 1 a Growing Small Business

HRM599 HRM 599 Complete Course Week 1 to Week 11 Download Answer here http://workbank247.com/q/hrm599-hrm-599-complete-course-week-1-to-week-11/12273 http://workbank247.com/q/hrm599-hrm-599-complete-course-week-1-to-week-11/12273 http://workbank247.com/q/hrm599-hrm-599-complete-course-week-1-to-week-11/12273 HRM 599 Week 1 Discussion "Discovering HRM Under a New Lens" Please respond to the following: * Think back to the time period when you started your MSHRM program at Strayer. Describe at…

Words 3649 - Pages 15

Columbus Regional Syllabus

d Columbus/Regional Syllabus COURSE INFORMATION Semester: Spring 2013 |Course and Section Number: |EDUC 101 FRJ | | |CRN 36243 | | |…

Words 4277 - Pages 18

Mgt 311 Week 1

SYLLABUS MGT/311 Organizational Development Copyright 2014 by University of Phoenix. All rights reserved. Course Description This organizational behavior course encompasses the study of individual and group behavior in organizational settings. Students will learn to examine their role in an organization. Other topics include strategic elements of organizational behavior, workforce diversity, managing change, effective communication, and performance systems. Course Dates Aug 13, 2014 - Sep 16, 2014…

Words 2265 - Pages 10