You will go back to the two contracts below. Compare these two contracts and write an essay answering the following questions related to the material covered thus far. For the Legality section, your answer should be between *six hundred words* and specifically address what you should do differently in future contracts. For the Statute of Frauds section, your answer should be 500 words briefly explaining the Statute of Frauds, but the key purpose of this part of your essay is for you to examine the two contracts to see where the Statute of Frauds writing requirements apply.

Legality

• How do the contracts differ and how are they the same?
• Is there enough detail in the event of a problem with capacity or legality that creates a breach?
• Will you have to close your pizza business if the contracts can't be completed?

Statute of Frauds

Explain what requirements under the Statute of Frauds are needed in your contracts. If you need to revise part of the previously prepared contract or contracts, explain what changes need to be made.

Contract A:

Maintenance Contract

This Maintenance Contract is entered into on February 15, 2024 between Arianna Schwartz, and Alaska Manufacturing Extension, whose official business address is, 601 E 57th Pl #102, Anchorage, AK 99518; 9..1@alaska.edu.

This contract applies at the following address: Ari's Alaska Pizza, Alaska

The owner of the property wishes to hire Contractor for the purpose of appliance maintenance

This part of the contract is important and necessary for the contract to be valid because it shows who the contract is between.

Contractor Duties

The parties agree the contractor will perform the following duties:

1. Repair Appliances

2. Making appliance repairs as needed

3. Performing other routine maintenance as needed and requested by owner.

4. Deliver Appliances

This part of the contract is necessary for a contract to be valid because this shows what the contractor has to do in the contract.

Owner's Responsibilities and Duties

Owner will provide Contractor with access to the property. Owner will give the contractor what they need to enter the building

This part of the contract is necessary for a contract to be valid because it shows what the owner has to do for the contractor to be able to do their job.

Compensation

Owner will pay Contractor on a bi-weekly basis at the daily rate of $20. The owner agrees to pay

an hourly rate of $30 for all additional work not covered in this contract.

Contractor is an independent contractor and responsible for paying all employment and state and federal taxes. Owner will not withhold any amount from Contractors to pay taxes.

This part of the contract is necessary for a contract to be valid because it shows what the contractor will be paid in the agreement.

Insurance

1. Contractor is responsible for insurance and submitting proof

2. Contractor is responsible for all insurance regarding their work

This part of the contract is necessary for the contract to be valid because it shows the contractor what he is responsible for and what he has to show proof of before completing the job.

Contract Termination

This contract may be terminated at any time, by either party, without penalty, provided a [number of day]

day 's notice is given in writing. Owner may cancel the contract at any time, without advance notice or penalty,

in the event of gross negligence on the part of the Contractor.

By signing below, both parties agree to be bound by the terms of this contract

Dated: 2/15/2024

Arianna Schwartz

Alaska Manufacturing Extension

This part of the contact tells each person what they need to do if they want to terminate the contract. This is so one person cannot break a contract just because they feel like it.

References

Alaska Manufacturing Extension Partnership Center | NIST. (n.d.). National Institute of Standards and Technology. Retrieved February 16, 2024, from https://www.nist.gov/mep/centers/alaska-manufacturing-extension-partnership-center

Contract B:

Two Party Contract

Agreement made 2/15/2024 , between Arianna Schwartz ,45 Alaska Lane, Alaska , and Hope Farm , 32 Hill ct, Alaska.

The parties to this agreement, in consideration of the mutual covenants and stipulations set out, agree as follows:

Section One

Quality of Cheese

As per the agreement Hope Farm is to provide fresh shredded mozzarella cheese to Arianna Schwartz.

Section Two

Quantity

Hope farm is to provide 500 pounds of mozzarella cheese to Arianna Schwartz.

Section Three

Price

Arianna Schwartz is responsible for paying $300 for every 500 pounds of cheese to Hope farm.

Section Four.

Instrument as Entire Agreement

This instrument contains the entire agreement between the parties. All prior statements, promises, or inducements made by either party or its agent are abrogated by this agreement and are of no further force and effect from and after the date of this agreement. This contract may not be enlarged, modified, or altered except by a writing, signed by the parties and indorsed on this agreement.

Section Five

Effect of Agreement

This agreement inures to the benefit of and binds the heirs, executors, administrators, assignees, and successors of the respective parties.

The parties have executed this agreement at [name of city] on the day and year stated above.

hope smith

Hope Farm

I will be paying for the delivery of the items and I will be picking up the cheese as well. The farmer has to keep the cheese fresh and shred it for me. All of the cheese will be coming shredded.

Answer rating: 100% (QA)

Answer Legality In examining Contract A and Contract B its evident that both contracts serve different purposes and involve distinct obligations and parties However they share certain similarities and ... View the full answer