There seems to be is no equity doctrine that dees can

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There seems to be is no equity doctrine that Dees can raise in this case to save him from the contract he signed. He was an adult who choose not to obtain legal representation before he negotiated and signed the contract with Saban. Later developments—the success of the Mighty Morphin Power Rangers—cannot be introduced to change his contract. Does Saban owe an ethical duty to pay Dees more money? Probably not. When Saban signed the contract there was no certainty that the Mighty Morphin Power Rangers would be so successful or that the design Dees provided would work. Dees, d/b/a David Dees Illustration v. Saban Entertainment, Inc., 131 F.3d 146, Web 1997 U.S. App. Lexis 39173 (United States Court of Appeals for the Ninth Circuit)
10.9 Ethics: The option to buy was a valid offer. The trend in law is to favor the enforcement of contracts. The term fair market value is sufficiently clear to establish a guideline for determination of the selling price by the court. Therefore, since the price is definite, the option is a valid offer, which was accepted, thus forming a contractGoodwest Rubber Corp. v. Munoz, 170 Cal.App.3d 919, 216 Cal.Rptr. 604, Web1985 Cal.App. Lexis 2288 (Court of Appeal of California). VII. Terms Acceptance—“A manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offer as measured by the objective theory of contracts” (Section 50 of the Restatement (Second) of Contracts). Acceptance-upon-dispatch rule—A rule which states that an acceptance is effective when it is dispatched, even if it is lost in transmission. Advertisement—An invitation to make an offer or an actual offer. Agreement—The manifestation by two or more persons of the substance of a contract. Auction—In an auction, the seller offers goods for sale through an auctioneer. Auction with reserve—An auction in which the seller retains the right to refuse the highest bid and withdraw the goods from sale. Unless expressly stated otherwise, an auction is an auction with reserve. Auction without reserve—An auction in which the seller expressly gives up his or her right to withdraw the goods from sale and must accept the highest bid. Authorized means of communication—Generally, an offeree must accept an offer by an authorized means of communication. Contract—A contract is an agreement that meets certain additional legal criteria and is enforceable in a court of law. Counteroffer—A response by an offeree that contains terms and conditions different from or in addition to those of the offer. A counteroffer terminates the previous offer. Equivocal response—An equivocal response by the offeree does not create a contract. Express authorization—A stipulation in the offer that says the acceptance must be by a specified means of acceptance Express terms—Most offers and contracts set forth express terms that identify the parties, the subject matter of the contract, the consideration to be paid by the parties, and the time of performance, as well as other terms of the offer and contract.

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Term
Fall
Professor
WELKER
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