Please answer these 3 question
– Did the parties have an enforceable contract? Explain and discuss
– Does the parties’ oral agreement fall within any exception to the Statute of Frauds? Explain and discuss
– How would the lawsuit be affected if Novell admitted that the parties had an oral contract under which Meade was entitled to 25% of the difference between accounts receivable and payable as of the day Meade quit? Explain and discuss
Jason Novell, doing business as Novell Associates, hired Barbara Meade as an independent contractor. The parties orally agreed on the terms of employment, including pay-ment of a share of the company’s income to Meade, but they did not put anything in writing. Two years later, Meade quit. Novell then told Meade that she was entitled to $ 9,602—25 percent of the difference between the accounts receivable and the accounts payable as of Meade’s last day of work. Meade disagreed and demanded more than $ 63,500—25 percent of the revenue from all invoices, less the cost of materials and outside processing, for each of the years that she had worked for Novell. Meade filed a lawsuit against Novell for breach of contract.
specifically use this as one of the source:
– Business law today: the essentials, text and summarized cases, 11th edition, Miller. Southwestern Publishing/cengage Learning (2016)
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