Business
Business, 18.07.2019 07:00, riosd920

In which contract provision would the length of the lease be outlined?

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Business, 13.07.2019 02:40, davisbrittany5784
John and lori finstad granted ransom-sargent water users an option to purchase their farmland and drill water wells. the option also permitted the finstad’ s to lease the property for up to ten years, provided they only use the land for pasture purposes. four years later, ransom-sargent terminated the finstad’s lease rights, because the finstad’s had tilled up some of the land in order to continue receiving government farm payments, the finstad’s signed a new contract with ransom-sargent permitting the finstad’s to lease the land for one year and to collect government payments for that year. by signing the contract, they also avoided a lawsuit with ransom-sargent. the contract included a release of all rights the finstad’s had to lease the property under the original option agreement. the following year, ransom-sargent accepted bids to lease the land. after they were not awarded the lease, the finstad’s sued ramson-sargent, alleging that their second contract was not supported by consideration and that their original option to lease should be upheld. were they correct?
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Business, 02.08.2019 17:30, jmt13happy
Aseller contracted to manufacture 1,000 toasters for a buyer for a specified price. the contract contained a provision that clearly stated: “this contract may not be assigned, and any violation of this prohibition voids the contract.” after the contract was signed, the seller informed the buyer that the toasters would be manufactured by a competitor of the seller. citing the non-assignment provision, the buyer claimed that it was no longer bound by the contract. toasters manufactured by the competitor were of equal quality to toasters manufactured by the seller. is the buyer bound by the contract? a no, because "this contract may not be assigned" means that duties may not be delegated, and the seller delegated a duty. b no, because the seller assigned a right despite the contractual prohibition. c yes, because even though the seller breached the contract, there are no damages since the competitor's toasters are of equal quality to the seller's toasters. d yes, because the non-assignment provision is not enforceable since public policy favors free assignment and delegation.
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