Question: The IRAC Method - Issue - Identify and state the legal issue presented by the fact scenario. (1-2 sentences) - Rule - State/define the legal

The IRAC Method - Issue - Identify and state the legal issue presented by the fact scenario. (1-2 sentences) - Rule - State/define the legal principle that applies to the issue. Analysis - Discuss how the legal principle relates to the fact scenario. This should be the most lengthy portion of your answer. - State your conclusion based on your analysis. (1-2 sentences) Instructions Answer the following case problems using the IRAC method, unless the question states that the IRAC method is not required. An explanation of the IRAC method is available here. Submit your well-written answers in a Microsoft Word or PDF document via the dropbox. Oxy Corp. is negotiating with the Wick Construction Co, for the renovation of the Oxy corporate headquarters. Wick, the owner of the Wick Construction Co., is also one of the five members of Oxy's board of directors. The contract terms are standard for this type of contract. Wick has previously informed two of the other directors of his interest in the construction company. Oxy's board approves the contract by a three-to-two vote, with Wick voting with the majority. Fully discuss whether this contract is binding on the corporation

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