On August 1, Daniel visited local the electronics shop to purchase a new TV. He saw one he liked but was not sure if he could afford the 850€. The store owner agreed to write up and sign an offer stating that it would be held open for ten days, which he did. On August 2, the owner changed his mind and sent Daniel an e-mail revoking the offer, which Daniel received immediately. On August 3, Daniel sent a reply e-mail accepting the original offer. 

o Is there a contract in the above-mentioned case? Explain why/why not. 

o In interpreting agreements for the purpose of establishing whether a valid contract exists, what standards are generally applied by the courts? 

o What is understood as offer in Contract Law? When is an offer valid?

 o What is an acceptance under Contract Law? When is an acceptance considered effective?

Course: BCO125 Business Law (Spring 2021) Professor: Lusine Minasyan

CASE STUDY 1

Task details:

 This is an individual assignment.
 You are asked to write an essay, proving answers to all the questions specified below (see page 2). These answers must be based on corresponding

legal ground. Make sure you are providing sufficient and relevant arguments sustaining your answers.
 All the sources should be correctly cited.
 The essay should contain introduction, body(discussion) and conclusion parts. Questions must be answered in an essay format, no bullet points

allowed.
 The submission must be in PDF file format.

Formalities:

 Wordcount: 500 to 1000 words
 Structure: Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
 Font: Arial 11 pts.
 Text alignment: Justified.
 Citation: The in-text References and the Bibliography must be in Harvard’s citation style.

Submission: Week 3 – Via Moodle (Turnitin). Due before 14 February 2021 at 23:59.

Weight: This task is 15% of your total grade for this subject.

It assesses the following learning outcomes:

 Outcome 1: understand the fundamental aspects of contractual relations.
 Outcome 2: identify different issues and laws applicable in contractual context.
 Outcome 3: learn how to address those issues and sustain solid arguments.

Task:

On August 1, Daniel visited local the electronics shop to purchase a new TV. He saw one he liked but was not sure if he could afford

the 850€. The store owner agreed to write up and sign an offer stating that it would be held open for ten days, which he did. On

August 2, the owner changed his mind and sent Daniel an e-mail revoking the offer, which Daniel received immediately. On August

3, Daniel sent a reply e-mail accepting the original offer.

o Is there a contract in the above-mentioned case? Explain why/why not.

o In interpreting agreements for the purpose of establishing whether a valid contract exists, what standards are generally

applied by the courts?

o What is understood as offer in Contract Law? When is an offer valid?

o What is an acceptance under Contract Law? When is an acceptance considered effective?

Rubrics:

Exceptional
90-100

Good
80-89

Fair
70-79

Marginal fail
60-69

Identification of
main

Issues/Problems

25%

Identifies and demonstrates a
sophisticated understanding of
the main issues / problems in
the case study

Identifies and demonstrates an
accomplished understanding of
most of the issues/problems.

Identifies and demonstrates
acceptable understanding of
some of the issues/problems in
the case study

Does not identify or
demonstrate an acceptable
understanding of the
issues/problems in the case
study

Analysis and
Evaluation of

Issues /
Problems

25%

Presents an insightful and
thorough analysis of all
identified issues/problems

Presents a thorough analysis of
most of the issues identified.

Presents a superficial
analysis of some of the
identified issues.

Presents an incomplete analysis
of the identified issues.

Development of
Ideas

and Opinions

25%

Supports diagnosis and
opinions with strong
arguments and well-
documented evidence;
presents a balanced and
critical view; interpretation
is both reasonable and
objective.

Supports diagnosis and opinions
with limited reasoning and
evidence; presents a somewhat
one-sided argument;
demonstrates little engagement
with ideas presented

Little action suggested
and/or inappropriate
solutions proposed to the
issues in the case study.

No action suggested and/or
inappropriate solutions
proposed to the issues in the
case study

Link to Legal
Theories and

Additional
Research

25%

Makes appropriate and
powerful connections
between identified
issues/problems and strategic
concepts studied in the course
readings and lectures;
supplements case study with
relevant and thoughtful
research and documents all
sources of information

Makes appropriate but
somewhat vague connections
between identified
issues/problems and concepts
studied in readings and lectures;
demonstrates limited command
of the analytical tools studied;
supplements case study with
limited research.

Makes inappropriate or little
connection between issues
identified and the concepts
studied in the readings;
supplements case study, if at all,
with incomplete research and
documentation.

Makes no connection between
issues identified and the
concepts studied in the readings;
supplements case study, if at all,
with incomplete research and
documentation.