Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution

Rating
-
Sold
-
Pages
8
Grade
A+
Uploaded on
01-11-2023
Written in
2023/2024

SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution Contract A legally enforceable agreement or promise between two or more parties that creates an obligation to do or not do a particular action. What is contract law based in? Common Law. What does the Uniform Commercial Code (UCC) do? Governs commercial codes and contracts. What are the parts of a contract? Offer, Acceptance, Consideration. The Offer A conditional promise made by one party to another. Bilateral Offer Consists of 2 promises (offer and acceptance), both parties are bound to perform. - Ex. 80k to coach a basketball team. Unilateral Offer Does not involve an exchange of promises, rather a promise in exchange of an act. - Ex. Fan gets 1k to return a home run ball. Acceptance Only by the party who it was made, and it must mirror the offer's essential terms. Consideration The exchange of value/benefit that each party receives. What makes a contract enforceable? Written out, well versed in state law, and legally reviewed. Legality Even with offer, acceptance, and consideration, a contract will only be valid if the underlying transaction is legal. Capacity Certain classes of individuals lack the ability, competence, or capacity in certain respects to enter into contracts. - Minors, mentally incompetent, or under the influence lacks capacity. Misrepresentation False assertion of fact which induces a party to enter into a contract - can be intentional or unintentional. Undue Influence Domination of 1 party over the mind of other unfairly persuades to enter into a contract. Duress Any wrongful act or threat which coerces a party to enter a contract. What is the statute of frauds? Certain contracts are unenforceable unless they're in writing. - Ex. Sales, mortgage, or lease of land Parole Evidence Rule (PER) Rule in which contracting parties cannot assert facts that are contrary to the written agreement (contract). Rodgers v. Georgia Tech Athletic Association Breach of Contract Issues; Wanted to recover the value of some of the contents of his coaching contract. Liquidation Damages Clause Specified amount in the contract if the contract is breached to be paid, if there is none then it's the whole contract remaining. Uniform Players Contract Standard contract for all professional athletes in a league. What are the types of compensation for breach of contract? Compensatory, Consequential, and Liquidated. Compensatory Damages Money to make up for monetary loss one party suffered. Consequential Damages Money to make up for economic losses that were caused indirectly by the breach. Liquidated Damages Specific amount of money agreed upon and within the contract itself. Duty to Mitigate Damages Prevents wronged parties from doing nothing while damages accumulate. Rescission When one party acted fraudulently and there was no significant damage, the contract would become null and void. Reformation The issues is that one party committed an honest mistake. Specific Performance If the product or service is important and cannot be duplicated. What are the elements of sexual harassment? Unwelcome sexual behavior or advances, not desired by the victim, conduct that creates a hostile work environment, and can be either verbal, nonverbal, or physical contact. What are the types of sexual harassment? Quid Pro Quo and Hostile Environment. Quid Pro Quo Sexual Harassment Comes from a Position of Power; Employment outcomes, such as hiring, promotion, or simply keeping one's job, depend on whether an individual submits to sexual harassment. Creating a Hostile Work Environment The employer has the responsibility to provide a workplace free of harassment; a single incident typically doesn't create it but managers are also liable for their subordinates. Respondeat Superior

Show more Read less
Institution
Course

Content preview

SPM4723 - Legal Issues in Sport
Exam III (Answered) Complete Verified
Solution
Contract
A legally enforceable agreement or promise between two or more parties that creates
an obligation to do or not do a particular action.
What is contract law based in?
Common Law.
What does the Uniform Commercial Code (UCC) do?
Governs commercial codes and contracts.
What are the parts of a contract?
Offer, Acceptance, Consideration.
The Offer
A conditional promise made by one party to another.
Bilateral Offer
Consists of 2 promises (offer and acceptance), both parties are bound to perform.
- Ex. 80k to coach a basketball team.
Unilateral Offer
Does not involve an exchange of promises, rather a promise in exchange of an act.
- Ex. Fan gets 1k to return a home run ball.
Acceptance
Only by the party who it was made, and it must mirror the offer's essential terms.
Consideration
The exchange of value/benefit that each party receives.
What makes a contract enforceable?
Written out, well versed in state law, and legally reviewed.
Legality
Even with offer, acceptance, and consideration, a contract will only be valid if the
underlying transaction is legal.
Capacity
Certain classes of individuals lack the ability, competence, or capacity in certain
respects to enter into contracts.
- Minors, mentally incompetent, or under the influence lacks capacity.
Misrepresentation
False assertion of fact which induces a party to enter into a contract - can be intentional
or unintentional.
Undue Influence
Domination of 1 party over the mind of other unfairly persuades to enter into a contract.
Duress
Any wrongful act or threat which coerces a party to enter a contract.
What is the statute of frauds?

, Certain contracts are unenforceable unless they're in writing.
- Ex. Sales, mortgage, or lease of land
Parole Evidence Rule (PER)
Rule in which contracting parties cannot assert facts that are contrary to the written
agreement (contract).
Rodgers v. Georgia Tech Athletic Association
Breach of Contract Issues; Wanted to recover the value of some of the contents of his
coaching contract.
Liquidation Damages Clause
Specified amount in the contract if the contract is breached to be paid, if there is none
then it's the whole contract remaining.
Uniform Players Contract
Standard contract for all professional athletes in a league.
What are the types of compensation for breach of contract?
Compensatory, Consequential, and Liquidated.
Compensatory Damages
Money to make up for monetary loss one party suffered.
Consequential Damages
Money to make up for economic losses that were caused indirectly by the breach.
Liquidated Damages
Specific amount of money agreed upon and within the contract itself.
Duty to Mitigate Damages
Prevents wronged parties from doing nothing while damages accumulate.
Rescission
When one party acted fraudulently and there was no significant damage, the contract
would become null and void.
Reformation
The issues is that one party committed an honest mistake.
Specific Performance
If the product or service is important and cannot be duplicated.
What are the elements of sexual harassment?
Unwelcome sexual behavior or advances, not desired by the victim, conduct that
creates a hostile work environment, and can be either verbal, nonverbal, or physical
contact.
What are the types of sexual harassment?
Quid Pro Quo and Hostile Environment.
Quid Pro Quo Sexual Harassment
Comes from a Position of Power; Employment outcomes, such as hiring, promotion, or
simply keeping one's job, depend on whether an individual submits to sexual
harassment.
Creating a Hostile Work Environment
The employer has the responsibility to provide a workplace free of harassment; a single
incident typically doesn't create it but managers are also liable for their subordinates.
Respondeat Superior

Written for

Course

Document information

Uploaded on
November 1, 2023
Number of pages
8
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$9.99
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
missyk2030
3.0
(2)

Get to know the seller

Seller avatar
missyk2030 Teachme2-tutor
Follow You need to be logged in order to follow users or courses
Sold
6
Member since
2 year
Number of followers
5
Documents
580
Last sold
1 year ago
kioks

TIGHT DEADLINE? I CAN HELP Many students don\'t have the time to work on their academic papers due to balancing with other responsibilities, for example, part-time work. I can relate. kindly don\'t hesitate to contact me, my study guides, notes and exams or test banks, are 100% graded

3.0

2 reviews

5
1
4
0
3
0
2
0
1
1

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions