Marshall Peterson Case Summary

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In this dilemma, I must decide whether to honor the requirements contract with Marshall Peterson, a mutual friend and a business partner or sign an output contract with a Texas company and potentially double my business profits. Until now, Marshall and I have seemingly enjoyed a profitable business relationship that has always been based on mutual benefit and trust. Although, Marshall often tests the trust in our business relationship by not honoring the terms of the invoices. Marshall and I had an implied contract until he convinced my minor son, at the time, to sign a requirements contract. An implied contract is a contract that arises not from the words of an agreement, but from the conduct of the parties (Kubasek et al., 2016). Prior to …show more content…

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