Legal Question in Business Law in New York

Edifice Contracting orally agrees to build a warehouse for Storage-R-Us (SRU). The building can be constructed within one year, but they agree on an outside construction date of two years. Edifice then enters into an oral agreement to purchase $75,000 worth of sheet metal from Steelers Corp. SRU orally guaranties payment to Steelers if Edifice does not pay. Edifice also enters into a two year oral lease of storage space from Grange Garage to house the building supplies and equipment. Which of these contracts are enforceable and which are not enforceable?


Asked on 5/23/11, 7:17 am

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I need to advise you of the following. LawGuru is not a forum for you to try and do your homework or class assignment. Do you own study and case analysis. If you have any questions, ask your professor or consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 5/23/11, 1:38 pm


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