Business case + holdings

Kuttel

Ryan Kuttel

Thomas M. Madden

Legal Foundations of Business

17 April 2020

Global Realty Services vs 4061 Hylan LLC- Paper Outline.

I will be taking into account the events for the case between Global Realty Services vs 4061 Hylan LLC. This case discussed whether a commercial real estate contract between Global Realty Services and the Hylan LLC existed and if so if there is a breach in that contract.

I will be using approved cases:

· Thor Properties v. Willspring Holdings LLC

· Steinberg v. Chicago Medical School

I will be using articles:

· Contract Theory and the Limits of Contract Law

Schwartz, Alan, and Robert E. Scott. “Contract Theory and the Limits of Contract Law.” The Yale Law Journal, vol. 113, no. 3, 2003, pp. 541–619. JSTOR, www.jstor.org/stable/3657531. Accessed 16 Apr. 2020.

· Fault in Contract Law

Posner, Eric A. “Fault in Contract Law.” Michigan Law Review, vol. 107, no. 8, 2009, pp. 1431–1444. JSTOR, www.jstor.org/stable/40380336. Accessed 16 Apr. 2020.

· Can There Be a Social Contract with Business?

Hodapp, Paul F. “Can There Be a Social Contract with Business?” Journal of Business Ethics, vol. 9, no. 2, 1990, pp. 127–131. JSTOR, www.jstor.org/stable/25072014. Accessed 16 Apr. 2020.

In this case the Supreme Court of New York found that a commercial real estate contract existed and was formed orally between the Plaintiffs and the Defendants. It was ruled that the Plaintiff’s services had a direct correlation to the Defendants success in finding a lease. This case highlights how I intend to find the flaws for some rules and regulations that are indeed renowned to be flimsy arguments yet are justified in the court of law calling into question the faults of the system of contract law. We see how in business contract law can also be a disservice to some parts of society often in the favor of contracts favoring the minority of some businesses putting at a disadvantage to majority, we see examples like this with the contracts between employees and taxi conglomerate uber.