Assignment #4-1

Assignment #4-1 - M odule 4 1 Running Head: Module 4 Allen...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Module 4 1 Running Head: Module 4 Allen Brown Ethical and Legal Issues in Business BUS-340 Module Four Exercise May 19, 2010 1) Gianni Sport v. Gantos- [(Unconscionability) Chapter 15, Problem 10.] By definition Unconscionability is “a contract is unconscionable when, viewed as a whole, 'it is improvident, oppressive, or totally one-sided; the presence of a commercially unreasonable term, in the sense of a term that no one in his right mind would have agreed to, can be relevant to drawing an inference of unconscionability but cannot be equated to it.” (LII Cornell University, 2005) In the case of Gianni Sport v. Gantos, Gantos made a large purchase from Gianni Sport. In the contract negotiations Gantos informed Gianni Sports that they
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Module 4 2 had the right to cancel the order at any time before the date of delivery for any reason. Gianni Sports agreed to these terms. The fact that the order would be 20% to 25% of Gianni Sports yearly production is not the fault of Gantos; Gantos wrote a contract which gave them the maneuverability to find lower prices, which all businesses attempted to do. With this in mind I do not think that Gianni Sports has a claim for unconscionability, many companies would have agreed to these terms for such a large order. When the order was cancelled Gianni Sports should have fought for the contract by offering something to Gantos such as a cheaper price per unit. 2)
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

Assignment #4-1 - M odule 4 1 Running Head: Module 4 Allen...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online