Unformatted text preview: executed contract did not exist. Debtor filed for bankruptcy soon after, and sold Bryant’s contract. Bryant disagreed, because allegedly the counter-offer was never signed by debtor. Bryant also alleged that if a contract was created, it was voidable because it was entered into while he was a minor. History: The trial court ruled in favor of Bryant; however, the Bankruptcy Court denied Bryant’s claims and ruled against him. Issue: Is Bryant legally bound to his contract with The Score Board Inc.? Decision: Yes. The Bankruptcy Court’s decision was affirmed. Reasons: Bryant ratified the contract upon attaining the age of majority through his conduct when he deposited the $10,000 compensation check 6 weeks after turning 18. Also, Bryant performed the duties outlined in his contract by signing autographs, and he did not dispute the existence of a contract until spring of 1998. As a result of these reasons, Bryant was aware and he ratified the, now, valid and enforceable contract....
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This note was uploaded on 09/17/2011 for the course BLAW 300 taught by Professor King during the Spring '11 term at University of Phoenix.
- Spring '11