Jay Lowe is a popular male singer. Top Hat Theatre in Jersey City, NJ wants to engage him for a

one-night concert on June 1, 2021. Jay Lowe wants $500,000 for the concert. Top Hat does not

have enough money to pay that fee but believes it will be able to raise the cash by March 30,

2021. It wishes to enter into a contract with Jay Lowe that will block him until March 30, 2021

from agreeing to perform a concert for another party on June 1, 2021. How may Top Hat

contractually require Jay Lowe to forebear (not enter into an agreement) until March 30 from

entering into a contract with another party to perform on June 1, 2021?

(1) Explain your answer with a phrase or in one sentence.

4.Shangri La Company is a manufacturer of outdoor furniture located in Austin, Texas. Costcom is

a chain of discount retail strores all located in California. SL enters into a written contract to sell

Costcom 1,000 Style SL88 patio tables at $40 per table. The contract states: "This contract is 'No

arrival, No Sale.'" Jimmy Hoffa, the trucker and owner of Hoffa Trucking Company, will transport

the tables from Austin to a depot in San Diego, California. While the truck is en route to make thedelivery of the tables, the brakes on Hoffa's truck fail because the truck mechanic installed fault

brakes. The truck careens into a gully. The brake failure was not Hoffa's fault. The tables are

destroyed completely. Costcom can prove conclusively that it lost $3,000 in profits because the

tables it bought from SL were not delivered to it.

(1) Under the facts presented, what is the financial obligation, if any, of Costcom to SL? Do not

explain. Merely state the financial obligation, if any in dollars.

(2) Under the facts presented, what is the financial obligation, if any, of SL to Costcom. Do not

explain. Merely state the financial obligation, if any, in dollars.

(3) Is Hoffa Trucking Company potentially liable for the loss of the goods? Simply answer yes or

no. Do not explain.

Answer rating: 100% (QA)

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