Carpathian Blood Services Inc (CBSI) entered into a contract two years ago with Vlad Tepes. The relationship

Question:

Carpathian Blood Services Inc (CBSI) entered into a contract two years ago with Vlad Tepes. The relationship was unhappy from the outset, and CBSI has decided that it would like to bring matters to an end. It believes that it may do so on a number of grounds. First, it appears that Tepes may have duped the company into creating the agreement in the first place. Second, it is quite likely that Tepes breached several terms of the contract. Tepes insists that even if he is in breach (which he denies), CBSI has not suffered any loss. That may be true-a court would have to decide the issue. CBSI, however, feels that it has lost money as a result of Tepes's breach of contract. Furthermore, it believes that Tepes not only breached the contract, but also acted so badly that he ought to be punished somehow. (The president of CBSI has gone so far as to call Tepes the "Dark Prince"!) And third, CBSI says that even if Tepes is not in breach as alleged, he clearly has not fulfilled his promise to transfer a piece of land to the company. In any event, CBSI is worried that it would have a difficult time collecting on a judgment, even if a court did find in its favour. Tepes has warned the company that it "can't get blood out of a stone" and he has vowed that he would never voluntarily pay a cent. The case obviously is still at an early stage. Nevertheless, CBSI would like to know what sort of remedies it might receive if it defeated Tepes in court. It also would like to know whether there are any means of forcing a defendant to pay money as ordered by a court. Please advise the company.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0133847154

5th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

Question Posted: