LEGAL ENVIRONMENT OF BUSINESS II - ASSIGNMENT
ASSIGNMENT #3 Rick Nielsen, President of Ghosts R Us, Inc., asked us to prepare a simple contract he can use because he found a seller of a trolley he wants to buy. He plans to use the trolley on his ghost tours. The company selling the trolley is Peter’s Trolley World, LLC. Peter Harrington is the president. Rick and Peter agreed the price of the trolley would be $30,000, and it’s a used trolley, and Rick wants the right to inspect it before having to complete the agreement. Rick wants Peter to deliver it to Central City, CO, on June 1, 2013, so he can start using it for the summer season. Rick plans to just write a check for the $30,000. Rick is concerned about a few other things. He wants to ensure that if there is a disagreement, it will be settled in Colorado courts. I’ve found the outline below and would appreciate it if you would fill in the blanks and prepare it for signatures. Please add anything else you think we need under the “special conditions” section. 1. Seller: [Name of seller] 2. Buyer: [Name of buyer] 3. Goods Sold: [Description of goods] 4. Quantity: [Description of quantity] 5. Quality: [Description of quality requirements] 6. Price: $[Dollar amount of price] 7. Point of delivery: [Location of delivery] 8. Time of delivery: [Time of delivery] 9. Destination: [Final address of delivery] 10. Terms of payment: [Description of terms of payment] 11. Special conditions: [Description of conditions] The above is a correct statement of the terms and conditions of a sale negotiated this date between the parties and agreed to, subject to the terms and conditions on Exhibit [designation of exhibit] attached hereto and made a part of this contract by this reference. This contract shall be effective only when executed by the properly authorized representatives of the parties which execution shall be completed not later than [date of execution]. DATED this _____ day of ________, 2013. [Name of buyer] By: [Name of authorized representative] [Title of authorized...