Contracts Discussion Board Forum 2
Marlene C. Johnson
Liberty University
Contracts Discussion Board Forum 2
In this assignment, we will discuss the state of affairs with Don and Dana Willetts. Don Willetts, a non-Christian began visiting my Sunday school class. After getting to know each other, we have come to realize that we both had similar business interests that would benefit each other. As the business relationship progressed, he had my 17 year old sign a “formality” agreement unbeknownst to myself. Don Willetts, had become a great asset to my business by advertising heavily, which brought so much fame to our product which was featured in an article in the New York Times. Even though he wasn’t the greatest at paying invoices on time, he still ordered moderately. We were offered an opportunity that we couldn’t refuse, it would have doubled the purchasing price; however it would have eliminated Don from purchasing more receivables from my company. I wanted to discuss this with Don, and this is when the downfall began. When trying to tell Don about the opportunity, he became furious and started to tell me that “he expected me to continue to supply him with all the product he needed, when he needed it, and at the prices he had always paid per the requirements contract between our businesses as well as in accord with the implied duty of good faith and fair dealing”. We will take a look at this situation from a legal and spiritual perspective. Spiritual Perspective I have prayed over this situation and have come to realize that my spiritual beliefs would play a great part in this equation. Don is a non-Christian, so my job as a Christian is to show him how Christians are to carry themselves. One would assume good intent, in the Bible it says “Do unto others, as you would have them do unto you” (Luke 6:31, King James Version). If the shoe were on the other foot, one would expect Don to do the “right thing”. I would negotiate new terms with Don to see if an amicable agreement could be made and draft another contract. I would redefine …show more content…
Since the beginning of our verbal agreement, we had operated in good faith by delivering everything requested, promptly and at the consistent rates despite the fluctuation of the market. Don did not hold up his end of the bargain because he was often paid his invoices late. I have not penalized him by charging interest or penalties which the invoices clearly states. I would remind him that trying to pursue litigation would hinder this business relationship because he may be ordered to pay the difference. It wouldn’t be a threat, but it would be a bargaining chip to sit down and have mediation to salvage this business …show more content…
He wanted his business to grow and saw the potential that the Scuppernong grapes brought to his business. He may have felt threatened and that brought out the worst in him. As a friend, I wanted to share the business opportunity that was presented to me, that didn’t mean I was going to leave him high and dry. There were other stipulations in the other company’s contract that may hindered my business such as supply and demand. I would revisit the agreement that I have with Don and charge him a reasonable rate according to the market because keeping the product at the current rate might hurt me as
Marlene C. Johnson
Liberty University
Contracts Discussion Board Forum 2
In this assignment, we will discuss the state of affairs with Don and Dana Willetts. Don Willetts, a non-Christian began visiting my Sunday school class. After getting to know each other, we have come to realize that we both had similar business interests that would benefit each other. As the business relationship progressed, he had my 17 year old sign a “formality” agreement unbeknownst to myself. Don Willetts, had become a great asset to my business by advertising heavily, which brought so much fame to our product which was featured in an article in the New York Times. Even though he wasn’t the greatest at paying invoices on time, he still ordered moderately. We were offered an opportunity that we couldn’t refuse, it would have doubled the purchasing price; however it would have eliminated Don from purchasing more receivables from my company. I wanted to discuss this with Don, and this is when the downfall began. When trying to tell Don about the opportunity, he became furious and started to tell me that “he expected me to continue to supply him with all the product he needed, when he needed it, and at the prices he had always paid per the requirements contract between our businesses as well as in accord with the implied duty of good faith and fair dealing”. We will take a look at this situation from a legal and spiritual perspective. Spiritual Perspective I have prayed over this situation and have come to realize that my spiritual beliefs would play a great part in this equation. Don is a non-Christian, so my job as a Christian is to show him how Christians are to carry themselves. One would assume good intent, in the Bible it says “Do unto others, as you would have them do unto you” (Luke 6:31, King James Version). If the shoe were on the other foot, one would expect Don to do the “right thing”. I would negotiate new terms with Don to see if an amicable agreement could be made and draft another contract. I would redefine …show more content…
Since the beginning of our verbal agreement, we had operated in good faith by delivering everything requested, promptly and at the consistent rates despite the fluctuation of the market. Don did not hold up his end of the bargain because he was often paid his invoices late. I have not penalized him by charging interest or penalties which the invoices clearly states. I would remind him that trying to pursue litigation would hinder this business relationship because he may be ordered to pay the difference. It wouldn’t be a threat, but it would be a bargaining chip to sit down and have mediation to salvage this business …show more content…
He wanted his business to grow and saw the potential that the Scuppernong grapes brought to his business. He may have felt threatened and that brought out the worst in him. As a friend, I wanted to share the business opportunity that was presented to me, that didn’t mean I was going to leave him high and dry. There were other stipulations in the other company’s contract that may hindered my business such as supply and demand. I would revisit the agreement that I have with Don and charge him a reasonable rate according to the market because keeping the product at the current rate might hurt me as