Tests for Business Law Essay Example | Topics and Well Written Essays - 500 words

Tests for Business Law - Essay ExampleBy hacking with CI, a medical provider gains access to the net body of work in exchange for accepting payments at lower than commercialise rates. Doctors, Inc., contracts with CI but, when few patients are forthcoming, files a suit to recover the difference between the contract and market rates. The court will most likely rule that the contract isQuality Steel Corporation files a suit against Rite Tool Company, claiming that the consideration for their contract is inadequate. The court will most likely not examine the adequacy of the consideration ifBaked Goods Company agrees to supply Comida Caf with all the corn chips that it requires for a year. A sudden demand for ethanol results in a shortage of corn, and the price rises sharply. Baked Goods asks Comida to pay a higher price for the chips. This request isIn May, Rolf agrees to work for Soda Sales Company at $800 per week for a year beginning June 1. The following January, Tropical Beverage s, Inc., offers Rolf the same work at $900 per week. Rolf tells Soda nearly the offer. Soda offers to enter into a new contract with Rolf at $875 per week. If Rolf agrees, is the new Soda contract enforceable Why or why notHillside Homes, Inc., and nonesuch Builders, Inc., enter into a construction contract that includes six pages of detailed calculations.