Earlier this year, University of California - Los Angeles (UCLA) & the University of Southern California (USC)
Question:
Earlier this year, University of California - Los Angeles (UCLA) & the University of Southern California (USC) announced that they would be leaving the Pacific 12 Conference(PAC 12) for the Big Ten Conference. The PAC 12 currently has 10 members and is in the middle of negotiating a television rights contract with broadcast partners, such asESPN and Apple. The PAC 12 plans to add two new members - bringing the total number back to 12 - after their television rights are negotiated.
Based on the information aboveand what was discussed in the article, answer the following questions:
Demonstrate your understanding of the contract formation process - how a valid contract is formed - by applying the necessary elements of a contract between the PAC 12 & a broadcast partner.
How does the uncertainty of the two new member schools complicate the contract formation process? Explain your answer highlighting at least one of the elements of a valid contract.
The uncertainty of the PAC 12 is facing (e.g., will more members leave, what schools will be added) puts CommissionerKliavkoff in a unique position for negotiations. Would you recommend continuing to find a broadcast partner or to focus on ensuring the membership? Justify your answer using your knowledge of contracts.
Management Science The Art of Modeling with Spreadsheets
ISBN: 978-1118582695
4th edition
Authors: Stephen G. Powell, Kenneth R. Baker